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 story : Zeta Global stock opens nearly 10% below its downsized IPO price #FinanceUSA #StockMarketNEWS Zeta Global Holdings Corp. stumbled out of the gate Thursday, as the stock opened 9.9% below its initial

@stockMarketNEWS 4 Days ago

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Zeta Global stock opens nearly 10% below its downsized IPO price #FinanceUSA #StockMarketNEWS
Zeta Global Holdings Corp. stumbled out of the gate Thursday, as the stock opened 9.9% below its initial public offering price after a somewhat disappointing pricing. The cloud-based marketing technology company's downsized IPO priced overnight at a share, at the bottom of the expected range of between and a share. The company sold 14.8 million shares in the IPO, down from an expected 15.6 million shares, while selling shareholders reduced their offering to 6.7 million shares from 7.1 million shares. The stock's first trade was at .01 at 11:40 a.m. Eastern for about 1.8 million shares, which valued the company at about .73 billion. The stock has extended losses since, to trade down 11.3% at .87. The downbeat opening for the shares comes on a relatively upbeat day for IPOs, as the Renaissance IPO ETF rose 0.7% while the S&P 500 gained 0.4%.


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 story : Retail forecast raised with 2021 sales now expected to top .44 trillion #FinanceUSA #StockMarketNEWS The National Retail Federation is now forecasting that retail sales will grow between 10.5% and

@stockMarketNEWS 4 Days ago

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Retail forecast raised with 2021 sales now expected to top .44 trillion #FinanceUSA #StockMarketNEWS
The National Retail Federation is now forecasting that retail sales will grow between 10.5% and 13.5% to reach more than .44 trillion. The NRF previously forecast growth of 6.5% to 8.2%. "The initial forecast was made when there was still great uncertainty about consumer spending, vaccine distribution, virus infection rates and additional fiscal stimulus, prior to passage of the American Rescue Plan Act," the group said in a statement. Online sales are expected to grow between 18% and 23% to a range of .09 trillion to .13 trillion. Emarketer is forecasting a 17.9% jump in online sales to 3.30 billion, up from its January prediction of a 13.7% increase. "While there are downside risks related to worker shortages, an overheating economy, tax increases and over-regulation, overall households are healthier, and consumers are demonstrating their ability and willingness to spend," said Matthew Shay, NRF chief executive, in a statement. The SPDR S&P Retail ETF has gained nearly 50% for the year to date. The Amplify Online Retail ETF is up 9.3%. And the benchmark S&P 500 index has rallied 13.1% for 2021 so far.


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 story : EIA reports a 98 billion cubic foot weekly climb in U.S. natural-gas supplies #FinanceUSA #StockMarketNEWS The U.S. Energy Information Administration reported on Thursday that domestic supplies of

@stockMarketNEWS 4 Days ago

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EIA reports a 98 billion cubic foot weekly climb in U.S. natural-gas supplies #FinanceUSA #StockMarketNEWS
The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 98 billion cubic feet for the week ended June 4. That was generally in line with the average increase of 95 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 2.411 trillion cubic feet, down 383 billion cubic feet from a year ago and 55 billion cubic feet below the five-year average, the government said. Following the data, July natural gas was up 4 cents, or 1.2%, at .17 per million British thermal units. It traded at .19 shortly before the data.


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 story : Corn futures on track to settle at highest in nearly a month as USDA cuts U.S. ending stocks estimate #FinanceUSA #StockMarketNEWS Corn futures were headed for their highest finish in nearly a month

@stockMarketNEWS 4 Days ago

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Corn futures on track to settle at highest in nearly a month as USDA cuts U.S. ending stocks estimate #FinanceUSA #StockMarketNEWS
Corn futures were headed for their highest finish in nearly a month on Thursday after the U.S. Department of Agriculture lowered its forecast for U.S. corn ending stocks for the 2021/2022 marketing year by 150 million bushels from the May estimate, or roughly 3.81 million metric tons. The USDA's forecast shows 2021/2022 corn ending stocks at 34.47 million metric tons, down from the previous forecast of 38.28 million metric tons. Corn ending stocks came in below trade expectations so corn bulls did have "some encouragement" from the report, lifting prices, said Sal Gilbertie, president and chief investment officer at Teucrium Trading. Still, "markets may have to wait for some weather news to get much above for any prolonged period of time," he said. "It is weather from this point forward that will move corn prices." The most-active July corn contract was up 20 cents, or 2.9%, at .10 3/4 a bushel. Prices haven't settled above since May 12, FactSet data show. Soybean futures edged lower, with the July contract down 14 1/4 cents, or 0.9%, at .48 1/4 a bushel. The USDA raised its forecast for U.S. soybean ending stocks by 15 million bushels, but that's "still a tight soybean market based on expectations," said Craig Turner, senior commodities broker at Daniels Trading.


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 story : Hertz stock rallies after court ruling paves way for emergence from bankruptcy by end of June #FinanceUSA #StockMarketNEWS Shares of Hertz Global Holdings Inc. rose 1.7% in midday trading Thursday,

@stockMarketNEWS 4 Days ago

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Hertz stock rallies after court ruling paves way for emergence from bankruptcy by end of June #FinanceUSA #StockMarketNEWS
Shares of Hertz Global Holdings Inc. rose 1.7% in midday trading Thursday, after the car rental company said the bankruptcy court has confirmed its plan of reorganization. That paves the way for the company to emerge from bankruptcy by the end of the month, about 13 months after it filed for bankruptcy. The reorganization plan will eliminate more than billion of debt, and provide more than .2 billion of global liquidity. "As a result of its restructuring efforts, Hertz will emerge from Chapter 11 with a substantially stronger balance sheet and greater financial flexibility than it had prior to the onset of the COVID-19 pandemic, which forced Hertz to file for Chapter 11 relief in May 2020," the company said in a statement. The stock has rocketed 693.6% over the past three months, while shares of rival Avis Budget Group Inc. have rallied 34.7% and the S&P 500 has gained 8.8%.


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 story : Walgreens to extend pharmacy hours for the next 3 Fridays for walk-in COVID-19 vaccinations #FinanceUSA #StockMarketNEWS Walgreens Boots Alliance Inc. said Thursday that starting June 11, its 4,000

@stockMarketNEWS 4 Days ago

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Walgreens to extend pharmacy hours for the next 3 Fridays for walk-in COVID-19 vaccinations #FinanceUSA #StockMarketNEWS
Walgreens Boots Alliance Inc. said Thursday that starting June 11, its 4,000 pharmacy locations will extend hours for walk-in COVID-19 vaccinations for the next three Fridays. The drug store chain also has 400 pharmacy locations that are open 24 hours. The extended vaccination hours, for June 11, June 18 and June 25, as part of the Biden administration's "National Month of Action" to push for Americans to be vaccinated. The stock, which rose 1.7% in morning trading, has climbed 36.3% year to date, while the Dow Jones Industrial Average has gained 13.4% this year.


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 story : Coinbase stock rises premarket Thursday as digital-asset exchange seen teaming up with small 401(k) provider to offer crypto #FinanceUSA #StockMarketNEWS A small 401(k) provider, ForUsAll Inc., has

@stockMarketNEWS 4 Days ago

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Coinbase stock rises premarket Thursday as digital-asset exchange seen teaming up with small 401(k) provider to offer crypto #FinanceUSA #StockMarketNEWS
A small 401(k) provider, ForUsAll Inc., has teamed up with Coinbase Global to offer crypto to workers in plans it administers. According to a report from the Wall Street Journal, participants in the plan will be able to invest up to 5% of their 401(k) contributions in cryptocurrencies that include bitcoin , ether , litecoin . Shares of Coinbase were up 1.4% before the bell on Thursday. Many major firms, including Fidelity Investments and Charles Schwab Corp. don't allow customers to trade crypto in taxable retirment accounts, the report notes.


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 story : Ollie's aims to fill 2,000 jobs at upcoming hiring event #FinanceUSA #StockMarketNEWS Ollie's Bargain Outlet Holdings Inc. seeks to fill 2,000 positions at a nationwide jobs event it's hosting

@stockMarketNEWS 4 Days ago

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Ollie's aims to fill 2,000 jobs at upcoming hiring event #FinanceUSA #StockMarketNEWS
Ollie's Bargain Outlet Holdings Inc. seeks to fill 2,000 positions at a nationwide jobs event it's hosting on June 15. The roles will be in the company's 400-plus store locations, three distribution centers, and a store support center in Harrisburg, Penn. The company will be conducting on-site interviews. Ollie's currently has 10,000 associates. Ollie's has opened 20 new stores this year so far, with 30 more to come by the end of 2021, according to a statement from Chief Executive John Swygert. Ollie's stock is up 5.5% for the year to date while the S&P 500 index has gained 12.3% for the period.


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 story : Stocks open higher after inflation rise, fall in jobless claims #FinanceUSA #StockMarketNEWS U.S. stocks opened slightly higher Thursday as investors assessed a hotter-than-expected rise in inflation

@stockMarketNEWS 4 Days ago

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Stocks open higher after inflation rise, fall in jobless claims #FinanceUSA #StockMarketNEWS
U.S. stocks opened slightly higher Thursday as investors assessed a hotter-than-expected rise in inflation and a further decline in first-time jobless claims. The Dow Jones Industrial Average rose 245 points, or 0.6%, to 34,692, while the S&P 500 rose 0.5% to 4,241.20, trading above its record close from May 7. The Nasdaq Composite was up 0.4% at 13,970. Inflation data showed the cost of living surged again in May and drove the pace of inflation to a 13-year high of 5%. Meanwhile, initial applications for unemployment benefits fell by 9,000 to 376,000 in the week ended June 5, the lowest since March 2020.


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 story : OPEC leaves 2021 outlook for oil-demand growth unchanged #FinanceUSA #StockMarketNEWS The Organization of the Petroleum Exporting Countries, or OPEC, on Thursday left its forecast for growth in oil

@stockMarketNEWS 4 Days ago

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OPEC leaves 2021 outlook for oil-demand growth unchanged #FinanceUSA #StockMarketNEWS
The Organization of the Petroleum Exporting Countries, or OPEC, on Thursday left its forecast for growth in oil demand this year unchanged. OPEC, in its monthly report, said it expects demand to grow by 6 million barrels a day, with total oil demand at 96.58 million barrels a day. OPEC revised its estimate of the fall in 2020 oil demand to 9.3 million barrels a day, versus a previous estimate of around 9.4 million barrels a day. On the supply side, the organization said it raised its 2021 estimate of non-OPEC liquids by 100,000 barrels a day. It now looks for supply to grow by 800,000 barrels day to average 63.7 million barrels a day, "mainly due to a faster-than-expected recovery in U.S. liquids production of 2.5 million barrels a day in March," the report said. Oil futures remained slightly higher following the report. July West Texas Intermediate crude was up 12 cents, or 0.2%, at .08 a barrel on the New York Mercantile Exchange. August Brent crude was up 20 cents, or 0.3%, at .42 a barrel on ICE Futures Europe.


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 story : Moderna files for its COVID-19 vaccine to be granted emergency use in adolescents #FinanceUSA #StockMarketNEWS Moderna Inc. said Thursday that it has filed for Emergency Use Authorization (EUA) with

@stockMarketNEWS 4 Days ago

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Moderna files for its COVID-19 vaccine to be granted emergency use in adolescents #FinanceUSA #StockMarketNEWS
Moderna Inc. said Thursday that it has filed for Emergency Use Authorization (EUA) with the U.S. Food and Drug Administration for use of its COVID-19 vaccine in adolescents. Moderna's stock slipped 0.2% in premarket trading. In May, the biotechnology company said the vaccine efficacy in the nearly 2,500 participants aged 12 to less than 18 years who received its COVID-19 vaccine was observed to be 100% when using the same case definition as in the Phase 3 study in adults. "We are encouraged that the Moderna COVID-19 vaccine was highly effective at preventing COVID-19 and SARS-CoV-2 infection in adolescents," said Chief Executive Stéphane Bancel. "We have already filed for authorization with Health Canada and the European Medicines Agency and we will file with regulatory agencies around the world for this important younger age population." The vaccine developed by Pfizer Inc. and BioNTech SE has already been granted EUA for adolescents. Moderna's stock has soared 108.1% year to date through Wednesday, while the Pfizer shares have gained 8.2% and the S&P 500 has advanced 12.3%.


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 story : FuelCell stock sinks after wider-than-expected loss, surprise revenue decline #FinanceUSA #StockMarketNEWS Shares of FuelCell Energy Inc. sank 7.1% in premarket trading Thursday, after the maker of

@stockMarketNEWS 4 Days ago

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FuelCell stock sinks after wider-than-expected loss, surprise revenue decline #FinanceUSA #StockMarketNEWS
Shares of FuelCell Energy Inc. sank 7.1% in premarket trading Thursday, after the maker of fuel cell technology platforms reported a wider-than-expected fiscal second-quarter loss as revenue surprisingly declined and the company continued to increase investment into research and development. For the quarter ending April 30, the net loss was .7 million, or 6 cents a share, after a loss of .6 million, or 7 cents a share, in the year-ago period. The FactSet consensus was for a per-share loss of 5 cents. Revenue fell 26% to .95 million from .88 million, while the FactSet consensus was for a slight increase to .91 million. While revenue fell, cost of revenue held steady at about .71 million, leading to a gross loss of .76 million after a gross profit of 7,000 last year, as no new module exchanges took place during the quarter and given higher costs related to efforts to improve fleet performance. Backlog decreased 1.5% to .32 billion. "We are firmly committed to achieving revenue growth by bringing projects online this year and positioning our portfolio to meet the significant market opportunities that our proprietary technology solutions are well positioned to solve," said Chief Executive Jason Few. The stock has tumbled 30.8% over the past three months through Wednesday, while the S&P 500 has gained 8.2%.


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 story : ECB expects to continue PEPP purchases at 'significantly higher' pace in coming quarter #FinanceUSA #StockMarketNEWS The European Central Bank on Thursday offered few surprises, keeping interest

@stockMarketNEWS 4 Days ago

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ECB expects to continue PEPP purchases at 'significantly higher' pace in coming quarter #FinanceUSA #StockMarketNEWS
The European Central Bank on Thursday offered few surprises, keeping interest rates unchanged and leaving the size of its asset purchase programs unchanged. The ECB said it expected to continue to purchase assets under its pandemic emergency purchase program at a "signficantly higher" pace than seen in the early months of this year. Analysts had been divided on whether the ECB would stick to the increased pace of purchases undertaken this quarter. ECB President Christine Lagarde will hold a news conference at 2:30 p.m. Frankfurt time, or 8:30 a.m. Eastern.


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 story : Zeta Global's downsized IPO priced at low end of expected range #FinanceUSA #StockMarketNEWS Zeta Global Holdings Corp. is set to go public Thursday, after the cloud-based marketing technology company's

@stockMarketNEWS 4 Days ago

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Zeta Global's downsized IPO priced at low end of expected range #FinanceUSA #StockMarketNEWS
Zeta Global Holdings Corp. is set to go public Thursday, after the cloud-based marketing technology company's downsized initial public offering priced overnight, valuing the New York-based company at about .9 billion. The total offering of the IPO was 21.5 million shares, as the company sold 14.77 million shares and selling shareholders sold 6.73 million shares, compared with a previous filing in which the company was offering 15.62 million shares and selling shareholders were offering 7.11 million shares. The IPO priced at a share, compared with expectations of between and a share, as the company raised 7.7 million. The stock is expected to start trading on the NYSE under the ticker symbol "ZETA." Morgan Stanley, BofA Securities, Credit Suisse and Barclays are the lead underwriters. The company recorded a loss of .2 million on revenue of 8.1 million in 2020, after a loss of .5 million on revenue of 6.1 million in 2019. The company is going public at a time that the Renaissance IPO ETF has slipped 2.0% over the past three months while the S&P 500 has gained 8.2%.


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 story : Signet stock jumps after swinging to big profit beat, as same-store sales more than doubled #FinanceUSA #StockMarketNEWS Shares of Signet Jewelers Ltd. jumped 5.6% in premarket trading Thursday, after

@stockMarketNEWS 4 Days ago

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Signet stock jumps after swinging to big profit beat, as same-store sales more than doubled #FinanceUSA #StockMarketNEWS
Shares of Signet Jewelers Ltd. jumped 5.6% in premarket trading Thursday, after the diamond jewelry retailer reported a big profit beat as revenue nearly doubled and same-store sales more than doubled. For the quarter to May 1, the company swung to net income of 8.7 million, or .23 a share, from a loss of 9.6 million, or .96 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of .23 beat the FactSet consensus of .27. Revenue rose 98.2% from a year ago, and grew 18.0% from two years ago (pre-pandemic) to .69 billion, above the FactSet consensus of .62 billion. Same-store sales rose 106.5% from last year, beating expectations of 93.0% growth, but slipped 1.3% from two years ago. In North America, same-store sales rose 117.2%, with brick-and-mortar sales rising 118.4% and ecommerce sales growing 113.4%, as the average transaction value increased 15.2% and the number of transactions grew 90%. Looking ahead, the company raised its guidance ranges for fiscal 2022 revenue to .50 billion to .65 billion from .00 billion to .14 billion and for same-store sales growth to 24% to 27% from 17% to 20%. The stock has soared 123.8% year to date through Wednesday, while the S&P 500 has gained 12.3%.


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 story : BANG stocks take a hit after GameStop discloses regulators on investigating #FinanceUSA #StockMarketNEWS Shares of so-called "BANG" stocks, which refers to some of the more popular meme stocks, dropped

@stockMarketNEWS 4 Days ago

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BANG stocks take a hit after GameStop discloses regulators on investigating #FinanceUSA #StockMarketNEWS
Shares of so-called "BANG" stocks, which refers to some of the more popular meme stocks, dropped in premarket trading Thursday, amid concerns over increased regulatory oversight. Late Wednesday, GameStop disclosed in a quarterly filing that the Securities and Exchange Commission was investigating trading activity in its stock, and those of "other companies." GameStop shares fell 6.1% ahead of the open, putting them on track to snap a three-day win streak in which they shot up 21.8% to 2.56 on Wednesday, the highest close since Jan. 29. The selloff comes despite the videogame retailer reported a narrower-than-expected fiscal first-quarter loss and sales that rose above forecasts. Among other "BANG" stocks, BlackBerry Ltd. fell 1.7%, AMC Entertainment Holdings Inc. slid 4.0% and Nokia Corp. shed 1.1%. Meanwhile, futures for the S&P 500 edged up 0.1%.


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 story : Banks will have to set aside capital equal to bitcoin assets under BIS proposal #FinanceUSA #StockMarketNEWS Banks will need to set aside capital for their exposure to cryptocurrencies under a proposal

@stockMarketNEWS 4 Days ago

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Banks will have to set aside capital equal to bitcoin assets under BIS proposal #FinanceUSA #StockMarketNEWS
Banks will need to set aside capital for their exposure to cryptocurrencies under a proposal put forward on Thursday by the Basel Committee on Banking Supervision. "While banks' exposures to cryptoassets are currently limited, the continued growth and innovation in cryptoassets and related services, coupled with the heightened interest of some banks, could increase global financial stability concerns and risks to the banking system in the absence of a specified prudential treatment. The BIS said "group 1" cryptoassets, like stablecoins, would be assigned a smaller risk weighting that's in line with assets like stocks than "group 2" cryptoassets like bitcoin , which would be assigned a risk weight of 1,250%. A 0 exposure to these group 2 cryptoassets would require minimum capital of 0, under the BIS proposal.


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 story : Coronavirus tally: U.S. new daily cases rise back above 20,000 #FinanceUSA #StockMarketNEWS The global tally for the coronavirus-borne illness climbed to 174.46 million on Thursday, according to data

@stockMarketNEWS 4 Days ago

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Coronavirus tally: U.S. new daily cases rise back above 20,000 #FinanceUSA #StockMarketNEWS
The global tally for the coronavirus-borne illness climbed to 174.46 million on Thursday, according to data aggregated by Johns Hopkins University, while deaths increased to 3,759,039. The U.S. led the world in total cases at 33.41 million, while deaths rose closer to the 600,000 mark, reaching 598,765. The new reported daily cases of COVID-19 rose to 22,314 on Wednesday from 15,059 the day before, according to a New York Times tracker, the highest daily total since June 1, as new deaths were at least increased to 449 on Wednesday from Tuesday's 373. The seven-day average of cases edged up to 14,809, down 36% from two weeks ago, while the average for deaths slipped to 417, which is 20% below where it was two weeks ago. The number of fully vaccinated Americans rose to 140.98 million, or 42.5% of the total population, according to the latest data from the Centers of Disease Control and Prevention (CDC), with the number of U.S. adults receiving at least one dose increased to 63.9%. On a global basis, India was second in total cases at 29.18 million on Wednesday, followed by Brazil at 17.12 million, according to JHU data, while Brazil was second in deaths at 479,515 and India was third at 355,705.


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 story : Twitter names Alemayehou to board of directors #FinanceUSA #StockMarketNEWS Twitter Inc. on Wednesday named Mimi Alemayehou as a new independent director to the company's board, effective immediately.

@stockMarketNEWS 4 Days ago

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Twitter names Alemayehou to board of directors #FinanceUSA #StockMarketNEWS
Twitter Inc. on Wednesday named Mimi Alemayehou as a new independent director to the company's board, effective immediately.
Alemayehou, who has more than 20 years of investment and finance experience in emerging markets that includes expertise on Africa, replaces Elliott Management Corp.'s Jesse Cohn. Cohn joined Twitter's board last year after the activist investment firm disclosed a sizable stake in the microblogging company in a bid to oust Twitter Chief Executive Officer Jack Dorsey and other company executives. Both sides eventually reached an agreement, along with private equity firm Silver Lake, after Twitter put into place more aggressive revenue and user growth goals. Twitter shares are up 10% this year. The broader S&P 500 index has gained 12% in 2021.


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 story : Dow ends lower for 3rd straight to match longest skid in 3 weeks as Nasdaq falls for first time in 4 sessions #FinanceUSA #StockMarketNEWS The Dow on Wednesday ended lower for the third day in a row,

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Dow ends lower for 3rd straight to match longest skid in 3 weeks as Nasdaq falls for first time in 4 sessions #FinanceUSA #StockMarketNEWS
The Dow on Wednesday ended lower for the third day in a row, ahead of an eagerly awaited inflation report, which could set the tone for the broader financial markets. The S&P 500 and the Nasdaq also finished lower, with the Nasdaq Composite booking its first loss in the past four sessions. Selling in financials amid the lowest yields for the 10-year Treasury note since March, weighed on yield-sensitive bank stocks. The Dow closed about 152 points, or 0.4%, lower at 34,447, matching its longest string of losses since the period ended May 19. The S&P 500 index closed 0.2% lower at around 4,220, while the Nasdaq Composite Index finished the session around 0.1% lower at 13,912, but briefly breached a psychologically important level at 14,000 earlier in the day. Investors are awaiting inflation data due on Thursday, the consumer-price index, that could offer more clarity on the path of inflation as the economy picks up after the COVID pandemic. In corporate news, shares of Clover Health Investments Corp. closed almost 24% lower Wednesday, after an 85% pop on Tuesday as it joined the ranks of meme stocks at the center of a speculative frenzy by individual investors. Meme stocks mostly ended lower, including AMC Entertainment Holdings, down 10.4%, while GameStop Corp. , finished up less than 1%, ahead of its quarterly upate set for after Wednesday's closing bell.


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 story : Lordstown stock reverts higher after company says it's in 'active' talks with new investors #FinanceUSA #StockMarketNEWS Shares of Lordstown Motors Corp. reverted to gains Wednesday after the company

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Lordstown stock reverts higher after company says it's in 'active' talks with new investors #FinanceUSA #StockMarketNEWS
Shares of Lordstown Motors Corp. reverted to gains Wednesday after the company sought to assure investors it had not run out of money to bring its electric pickup trucks to market. The company on Tuesday added warnings to its delayed security filings about its ability to maintain operations for at least a year, saying it will look at funding options, which sent the stock on a downward spiral. A spokesperson for Lordstown said Wednesday the electric-vehicle maker is "debt free," has "significant" tangible assets and "multiple viable avenues to raise capital," including asset-backed financing, equity, equity-related or debt financing, loans, and "potential strategic investments over the longer term. We are already in active conversations with multiple parties to do so." Shares of Lordstown are down 44% this year, contrasting with gains around 12% for the S&P 500 index.


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 story : Dave & Buster's shares pop 5% on 66% jump in sales, healthy profit #FinanceUSA #StockMarketNEWS Shares of Dave & Buster's Entertainment Inc. initially were up 5% in extended trading Thursday after

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Dave & Buster's shares pop 5% on 66% jump in sales, healthy profit #FinanceUSA #StockMarketNEWS
Shares of Dave & Buster's Entertainment Inc. initially were up 5% in extended trading Thursday after the entertainment and dining chain reported fiscal first-quarter results. Dave & Buster's reported net income of .6 million, or 40 cents a share, compared with a net loss of .5 million, or .37 a share, in the year-ago quarter. Revenue shot up 66% to 5.3 million from 9.8 million a year ago. Analysts surveyed by FactSet had expected an adjusted loss of 16 cents a share on revenue of 6 million. Dave & Buster's shares are up 47% so far in 2021. The broader S&P 500 index has gained 13% this year.


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 story : Clean Energy Fuels stock pulls back after disclosing largest shareholder sold more shares #FinanceUSA #StockMarketNEWS Shares of Clean Energy Fuels Corp. tumbled 17.8% in afternoon trading Thursday,

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Clean Energy Fuels stock pulls back after disclosing largest shareholder sold more shares #FinanceUSA #StockMarketNEWS
Shares of Clean Energy Fuels Corp. tumbled 17.8% in afternoon trading Thursday, after the provider of environmentally friendly fuel for the transportation industry disclosed that its largest shareholder reduced its stake by another 1.25 million shares, after selling about 4.06 million shares over the previous five weeks. The stock's trading volume swelled to 51.2 million shares, compared with the full-day average of about 13.9 million shares. The disclosure of share sales comes after the stock shot up 31.5% on Wednesday to bring the month-to-date gain to 64.4%. In a 13D/A filing with the Securities and Exchange Commission late Wednesday, TotalEnergy SE said it beneficially owned 53.44 million Clean Energy shares, or 26.7% of the shares outstanding, after selling a total of 1,249,813 shares at a weighted average price of .1139 to raise .64 million over the previous two days. On Monday, after adjusting for a clerical error disclosed by TotalEnergy SE, TotalEnergy said it beneficially owned 54.69 million shares, or 27.4% of the shares outstanding, after selling 4,061,291 shares at a weighted average price of .5852, from April 28 to June 4, to raise .87 million. The stock has hiked up 36.1% year to date, while the S&P 500 has gained 12.9%. (This updates an earlier report in which TotalEnergy disclosed a "clerical error" in the number of shares it said it owned in the June 7 filing.)


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 story : This measure of U.S. inflation isn't running so hot #FinanceUSA #StockMarketNEWS The Federal Reserve is not all that worried about inflation because the central bank thinks it's not as bad as it

@stockMarketNEWS 4 Days ago

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This measure of U.S. inflation isn't running so hot #FinanceUSA #StockMarketNEWS
The Federal Reserve is not all that worried about inflation because the central bank thinks it's not as bad as it looks. And an obscure inflation measure that's closely followed by the Fed appears to support its view. The Cleveland Fed's so-called trimmed-mean inflation index rose 0.4% in May, but it's only up 2.6% in the past year. By contrast, the better known consumer price index has climbed at a 5% yearly rate. The Cleveland index strips away the products or services that have experienced the biggest price swings to try to figure out the underlying rate of inflation. Inflation has clearly risen by any measure, but the Cleveland Fed's gauge suggests to top central bank officials that price pressures aren't a big long-term problem.


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 story : S&P 500 closes at record as investors shake off inflation worries #FinanceUSA #StockMarketNEWS Stocks finished modestly higher Thursday, with the S&P 500 logging its first record close since May 7

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S&P 500 closes at record as investors shake off inflation worries #FinanceUSA #StockMarketNEWS
Stocks finished modestly higher Thursday, with the S&P 500 logging its first record close since May 7 as investors shrugged off another round of hotter-than-expected inflation data. The Dow Jones Industrial Average rose around 20 points, or 0.5%, to finish near 34,466, according to preliminary figures. The S&P 500 gained around 20 points, or 0.5%, to close around 4,239, taking out its previous record finish at 4,232.60. The Nasdaq Composite advanced nearly 109 points, or 0.8%, to around 14,020. Inflation data showed the cost of living surged again in May and drove the pace of inflation to a 13-year high of 5%. Meanwhile, initial applications for unemployment benefits fell by 9,000 to 376,000 in the week ended June 5, the lowest since March 2020.


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 story : Oil futures gain, lifting U.S. prices back above a barrel #FinanceUSA #StockMarketNEWS Oil futures gained on Thursday, lifting U.S. prices back above a barrel to their highest finish since

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Oil futures gain, lifting U.S. prices back above a barrel #FinanceUSA #StockMarketNEWS
Oil futures gained on Thursday, lifting U.S. prices back above a barrel to their highest finish since mid-October 2018. Prices traded higher as traders continued to digest data released Wednesday that showed a more than 5 million-barrel weekly decline in U.S. crude inventories, but also revealed a 7 million-barrel increase in gasoline stockpiles, along with a weekly decline in implied demand for the fuel. Oil prices briefly dropped toward the session low around the time news related to Iranian sanctions emerged on Thursday. The Wall Street Journal reported that the Biden administration lifted sanctions on some former Iranian officials and energy companies. West Texas Intermediate oil for July delivery rose 33 cents, or 0.5%, to settle at .29 a barrel on the New York Mercantile Exchange after trading as low as .68.


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 story : Gold futures settles higher for a second session #FinanceUSA #StockMarketNEWS Gold futures climbed Thursday to notch a second straight session gain. Gold "found good support after the initial dip

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Gold futures settles higher for a second session #FinanceUSA #StockMarketNEWS
Gold futures climbed Thursday to notch a second straight session gain. Gold "found good support after the initial dip in reaction to the hotter inflation data than expected," said Fawad Razaqzada, market analyst at ThinkMarkets. It looks like gold investors agree with the Federal Reserve's narrative that "inflation will cool down in the months ahead, which means low rates for longer," he said. August gold edged up by 90 cents, or nearly 0.1%, to settle at ,896.40 an ounce.


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 story : Orphazyme stock's rocket ride leads to 20 volatility halts, Galecto stock halted 7 times #FinanceUSA #StockMarketNEWS Shares of Orphazyme A/S blasted 383.8% higher, enough to make the Denmark-based

@stockMarketNEWS 4 Days ago

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Orphazyme stock's rocket ride leads to 20 volatility halts, Galecto stock halted 7 times #FinanceUSA #StockMarketNEWS
Shares of Orphazyme A/S blasted 383.8% higher, enough to make the Denmark-based biopharmaceutical company's stock by far the biggest gainer listed on major U.S. exchanges, prior to a trading halt. The stock, which was up as much as 1,387% at its intraday high of .77, was halted for volatility for the 20th time Thursday at 3:24 p.m. Eastern with the last trade at .30, and remains halted. The stock's rally gave the company a market capitalization of 4.3 million. The company confirmed that there was no news released Thursday. The last announcement was May 7, when the company said a pivotal trial of its treatment for Lou Gehrig's disease failed to meet primary and secondary endpoints, sending the stock plunging 32.8% that day. After Orphazyme, the next biggest gainer Thursday was Boston-based biotech Galecto Inc.'s stock , which ran up 170.0% prior to its seventh halt for volatility at 3:15 p.m. The stock's rallies comes as Nasdaq Composite gained 0.8% and the S&P 500 rose 0.5%.


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 story : IM Cannabis stock rallies toward an 8-day win streak after bullish analyst call #FinanceUSA #StockMarketNEWS The U.S.-listed shares of IM Cannabis Corp. rallied 3.2% in afternoon trading Thursday,

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IM Cannabis stock rallies toward an 8-day win streak after bullish analyst call #FinanceUSA #StockMarketNEWS
The U.S.-listed shares of IM Cannabis Corp. rallied 3.2% in afternoon trading Thursday, putting them on track for an eighth straight gain, after a bullish call from Alliance Global Partners analyst Aaron Grey, saying the Israel-based cannabis company is an "international play" on legal cannabis. The stock, on track to close at a five-week high, has run up 36.86% during its win streak. Grey initiated coverage of the company with at buy rating and stock price target of , which is about 66% above current levels. He said he believes IM Cannabis is "particularly well positioned" to benefit from the growing Israeli medical cannabis market. "Additionally, we look for [IM Cannabis] to grow its business in the German medical market, with recent acquisitions positioning it in Canada's premium segment (and
allowing for exports, in time)." The stock is rallying despite broad weakness in the cannabis sector, as the Cannabis ETF dropped 1.7% with 26 of 32 equity components losing ground. Year to date, IM Cannabis shares have slumped 22.9% while the Cannabis ETF has soared 42.0% and the S&P 500 has gained 13.0%.


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 story : : Electronic Arts stock declines following report that hackers stole source code #FinanceUSA #StockMarketNEWS Electronic Arts Inc. EA shares declined Thursday following a report that hackers stole

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: Electronic Arts stock declines following report that hackers stole source code #FinanceUSA #StockMarketNEWS
Electronic Arts Inc. EA shares declined Thursday following a report that hackers stole source code for one of its most popular games as well as other data. EA shares, which had traded as much as 0.4% higher on the session, fell as much as 2.4%, following a report from Vice early Thursday. According to Vice, hackers have claimed online to have taken source code for EA’s FIFA 21 soccer game as well as code for its matchmaking server, the company’s Frostbite Engine that powers games such as Battlefield, and other intellectual property. Vice reported that hackers have been advertising about 780 gigabytes of EA data for sale in online forums. Vice reported that EA confirmed the breach, noting that no player data had been accessed. MarketWatch has reached out to EA but has yet to receive an independent confirmation of the report.


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