SFTCA Raises Concerns Over Tesla Full Self-Driving Name, Safety Ahead Of Wider Beta Release

Benzinga - 29min

The San Francisco County Transportation Authority has raised concerns about the safety record of Tesla Inc’s (NASDAQ: TSLA) advanced driver assistant system just ahead of a wide beta release of the autonomous software system, Reuters


COTI Rides To All-Time High After Taking 'First Steps' In DeFi Over Cardano

Benzinga - 1hr

COTI (CRYPTO: COTI) soared 43.79% to $0.56 over 24 hours leading up to press time. What’s Moving? The token of the enterprise-grade fintech platform has shot up 48.18% over a seven-day trailing period. COTI touched an all-time high of $0.60 earlier on Thursday. The coin has declined 8.59% since touching those levels.


Why Is Shiba Inu Outperforming Dogecoin Today?

Benzinga - 2hr

Dogecoin (CRYPTO: DOGE) is trailing rival meme cryptocurrency Shiba Inu (CRYPTO: SHIB) in terms of 24-hour price gains. What Happened: SHIB traded 3.84% higher over 24 hours at $0.0000075, while DOGE was down 1.47% at $0.22 in the same period.


Institutional Investors Are Preferring Ethereum Over Bitcoin, Says JPMorgan

Benzinga - 3hr

Institutional investors are more interested in Ethereum (CRYPTO: ETH) futures than Bitcoin (CRYPTO: BTC) ones, as per JPMorgan analysts. 


Evergrande Bondholders Await Update on Key Interest Payment

WSJ Markets - 3hr

Global investors who own China Evergrande’s U.S. dollar bonds were in the dark about whether the property giant would make a key interest payment, a major test of the highly indebted developer’s ability to avoid a default.


Alibaba Dips In Hong Kong While JD, Tencent And Nio Rival Xpeng Strike Gains Despite Evergrande Woes

Benzinga - 4hr

Shares of JD.Com Inc. (NASDAQ: JD), Tencent Holdings Limited (OTC: TCEHY), Baidu Inc. (NASDAQ: BIDU) and Xpeng Inc.'s


Time Magazine NFT Collection Sees Sky-High Demand And Ethereum Network Faces The Gas Pain

Benzinga - 4hr

TIME magazine’s non fungible token drop on the OpenSea marketplace has sent transaction fees on Ethereum (CRYPTO: ETH) soaring sky-high. What Happened: The “TIMEPiece” collection comprising of 4,676 NFTs was each priced at 0.1 ETH or nearly $313.


Focusing on Disease Prevention Can Benefit Individuals and Health Insurers - A New Approach to Healthcare

Benzinga - 5hr

Photo by Emma Simpson on Unsplash


Cathie Wood Loads Up $55M In Twitter As It Enables Tipping With Bitcoin

Benzinga - 5hr

Cathie Wood’s investment firm Ark Invest on Thursday snapped up 829,907 shares — estimated to be worth $55.34 million — in Twitter Inc (NYSE: TWTR), on the day the social media giant began letting users


Bitcoin, Ethereum , Dogecoin Chart Recovery With Twitter Push Even As 'Fear' Grips Investors

Benzinga - 5hr

Major cryptocurrencies traded higher on Thursday night as the global cryptocurrency market cap rose 2.54% to $2.01 trillion.


Why Did Norway Become The First Western Country To Raise Interest Rates Since The Pandemic Started?

Benzinga - 6hr

Norway has become the first Western country whose central bank has raised interest rates since the start of the COVID-19 pandemic.


U.S. Special Envoy for Haiti Resigns in Midst of Migrant Crisis

WSJ World - 7hr

Ambassador Daniel Foote’s departure comes amid a Biden administration decision to conduct large-scale deportations in response to a surge of Haitian migrants.


Barry Diller's IAC in Talks to Buy Magazine Publisher Meredith

WSJ USBusiness - 8hr

The deal under discussion is expected to be valued at more than $2.5 billion and would vastly expand IAC’s stable of online publications, according to people familiar with the matter.


Fintech Focus For September 24, 2021

Benzinga - 8hr

Quote To Start The Day: “Fundamentally, we’re still in the relatively early stages of this economic cycle.”


What Is the Debt Ceiling and Why Does Congress Need to Raise It?

WSJ USBusiness - 8hr

Showdown on Capitol Hill could cause federal government to default on debt payments, rattle markets if it isn’t resolved soon.


Moderna And Nvidia Lead The Nasdaq-100

Benzinga - 8hr

U.S. indices were trading higher and continued to gain as investors weigh Wednesday's Fed decision to keep rates unchanged. Markets also rebounded following recent weakness driven by China volatility.


Costco Sales Rose 17% in Latest Quarter

WSJ USBusiness - 9hr

Retailer’s profit totaled $1.67 billion as consumer spending increased in the U.S.


Nike's Revenue Pinched by Supply-Chain Disruptions

WSJ USBusiness - 9hr

The sneaker giant reported a 16% rise in quarterly revenue but said production problems in Asia and trans-Pacific shipping delays are constraining sales.


Dow Up More Than 500 Points as Stock Markets Turn Positive for the Week

WSJ Markets - 9hr

U.S. share benchmarks rose sharply as investors remained upbeat that trouble with property giant China Evergrande could be contained while digesting the Federal Reserve’s decision to tee up a reversal of its stimulus measures.


Mr. Zack Morris Tweets 'WISH To $69' And 'Camber Energy To $5': What Do The Charts Say?

Benzinga - 9hr

ContextLogic Inc. (NASDAQ: WISH) and Camber Energy Inc. (NYSE: CEI) are two popular stocks on Twitter Inc (NYSE: TWTR) that w


Apple Threatens Facebook With Ban Over Instagram Human Trafficking Ads: Report

Benzinga - 10hr

According to a BBC report, Apple (NASDAQ: AAPL) threatened to ban Facebook Inc. (NASDAQ: FB) photo-based social media platform Instagram from its i


Coinbase Report Finds These Cryptos Were The Most Used For Terror Funding

Benzinga - 10hr

A new report from Coinbase Global Inc’s (NASDAQ: COIN) Special Investigations Team has revealed that three cryptocurrencies —&nb


Olive Garden Parent Cautious on Raising Pasta Prices

WSJ USBusiness - 10hr

The Olive Garden parent sees inflation of about 4% as commodity and labor costs climb.


: Lockheed Martin raises dividend by nearly 8%, buybacks by $5 billion

MarketWatch - 10hr

Lockheed Martin Corp. LMT said late Thursday its board raised its dividend and its authority to buy back stock. The aerospace company said its fourth-quarter dividend of $2.80 a share represents a 7.6% increase and is payable Dec. 27 to shareholders as of Dec.1. The board also authorized an additional $5 billion of share buyback power, raising the company’s total authority to $6 billion. Lockheed Martin shares were up 0.5% after hours, following a 0.7% rise in the regular session to $344.20. Shares have fallen 10% over the past 12 months, compared with a 37% gain on the S&P 500 index SPX.


Haitian Migrants, Rebuffed by U.S.,Cause Crisis for Mexico

WSJ World - 10hr

The wave of Haitian migrants at the U.S. southern border also is causing a migration problem in Mexico, which now must contend with thousands of asylum seekers turned back by the U.S.


Federal Regulator Calls for Tougher Power Plant Standards Following Texas Freeze

WSJ USBusiness - 11hr

A report by the Federal Energy Regulatory Commission found power plants and natural-gas systems needed tougher weatherization requirements after a freeze left millions in the dark for days in Texas.


Car Production Slowdown Hits Palladium Prices

WSJ Markets - 11hr

Hedge funds and other speculative investors are turning cautious on the metal used in in emission filters for gasoline engines.


Madewell, ThredUP Test Secondhand Store in Brooklyn

WSJ USBusiness - 11hr

The pop-up store from Madewell and thredUP sells secondhand clothing priced from $10 to $40 and aims to educate customers about fashion waste.


Investors Bet Environmental Fears Will Crunch Commodity Supply, Lifting Prices

WSJ Markets - 12hr

Wagers on environmentally driven supply shortages are pushing up everything from natural gas to aluminum, increasing costs for consumers and businesses.


America's Cash Might Stay on the Sidelines

WSJ Markets - 12hr

Households are sitting on a lot of savings, and it isn’t clear when they will feel comfortable spending it.


Pelosi Says Government Funding Won't Lapse

WSJ USBusiness - 12hr

The comments are the first hint that Democrats might decouple the government’s funding from a contentious increase in the debt limit, on the same day that the Biden administration began preparing for a possible partial shutdown.


U.S. oil prices log highest finish since late July

MarketWatch - 12hr

Oil futures climbed on Thursday, with U.S. prices settling at their highest since late July. It's been a "risk-on day across the board," said Tariq Zahir, managing member at Tyche Capital Advisors. "Another storm is expected to become a major hurricane in the Atlantic, but the long term track is still uncertain at this point," he said. "Between the risk-on environment in equity markets and uncertainty of future storms, we expect to maintain strength in the energy markets until more clarity is achieved." West Texas Intermediate crude for November delivery rose $1.07, or 1.5%, to settle at $73.30 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since July 30, FactSet data show.


Voters Want to Curb the Influence of Big Tech Companies, New Poll Shows

WSJ USBusiness - 12hr

The survey reflects broad support for stronger U.S. regulations over the use of data as well as Americans’ wariness of social media’s effects on children.


Salesforce Boosts Sales Outlook

WSJ USBusiness - 13hr

The business software provider has benefited from companies’ growing reliance on cloud-based tools during the pandemic, with the spread of the Delta variant of Covid-19 prolonging that trend.


Merger Mania Is Only Part of the Solution for Asset Managers

WSJ Markets - 13hr

Getting bigger is a way for managers to cope with fee pressure, but mergers can be tough and product also matters a lot.


Footprints Yield New Clues About the First Americans

WSJ World - 13hr

Fossilized footprints about 10,000 years older and found about 1,600 miles farther south than any other human footprints known in America are yielding new insights into when humans first populated the Americas.


Gold futures mark lowest finish in over 6 weeks

MarketWatch - 13hr

Gold futures moved sharply lower on Thursday to log their lowest finish in more than six weeks. The loss is "related to a combination of factors centered around investor confidence improving and fear easing," said Colin Cieszynski, chief market strategist at SIA Wealth Management. So far, China property giant Evergrande's problems have been contained, the Federal Reserve is moving toward tapering and at the Bank of England's monetary policy committee vote, there were two "hawkish dissenters" calling for reducing stimulus as well, he said. "A more hawkish trend for central banks improves the value of paper money relative to hard currency like gold." December gold fell $29, or 1.6%, to settle at $1,749.80 an ounce, the lowest most-active contract finish since Aug. 10, FactSet data show.


Disney Isn't Investigating Handling of Misconduct Claims, After ABC News Boss Urged Inquiry

WSJ USBusiness - 13hr

ABC News President Kim Godwin had called for an external probe of the matter last month, but a top staffer said Disney executive Peter Rice won’t pursue one.


Brilliant Earth skyrockets 27% in trading debut

MarketWatch - 14hr

Jewelry seller Brilliant Earth Group Inc. made its trading debut on Thursday, skyrocketing 27.3% out of the gate. The company halved its IPO offering to 8.33 million shares in the IPO, and priced at $12, below the expected range of between $14 and $16 per share. Brilliant Earth is trading on the Nasdaq under the ticker "BRLT." It joins a number of companies, including Remitly Global Inc. , Sovos Brands Inc. , and EngageSmart Inc. that began trading on Thursday. There were 14 IPO deals planned for this week. The Renaissance IPO ETF has gained 8.2% for the year to date while the S&P 500 index is up 18.6% for the period.


Rao's sauce, Noosa yogurt parent Sovos Brands soars 21% as trading begins after IPO

MarketWatch - 15hr

Sovos Brands Inc. , parent company to pasta sauce brand Rao's and yogurt brand Noosa, soared 20.8% as trading began on Thursday. Shares priced at $12 per share, below the expected pricing range of $14 to $16. The company sold 23.33 million shares in the IPO to raise $280 million. The IPO pricing valued the company at about $1.17 billion. The stock is trading on the Nasdaq under the ticker symbol "SOVO." The company joins a number of others including Remitly Global Inc. and EngageSmart Inc. in opening for trading on Thursday alone. The Renaissance IPO ETF has gained 8.1% for the year to date while the S&P 500 index is up 18.6% for the period.


Dell Plans Buybacks, Provides Post-Spinoff Outlook

WSJ USBusiness - 15hr

The company estimated revenue will increase at an annual rate of 3% to 4% through the fiscal year ending in January 2026.


ThredUp and Madewell partner for Brooklyn secondhand store

MarketWatch - 15hr

ThredUp Inc. said Thursday that it has partnered with clothing and accessories brand Madewell for A Circular Store, a secondhand shop in Brooklyn that sells previously owned Madewell items. The store will be open for a limited time, and is a bricks-and-mortar extension of the Madewell Forever e-commerce site that launched in July. Items are priced from $10 to $40. "We've designed a store to represent the future of fashion -- a circular future in which retailers design for longevity, and consumers shop with resale in mind," said Erin Wallace, vice president of integrated marketing at ThredUp, in a statement. ThredUp's stock, which went public in March, has slumped 22% over the past three months, while the S&P 500 index has gained 5% over that period. Also see: A.K.A. Brands shares slump in trading debut as company highlights risk that eco-conscious Gen Z shoppers will reject its fast-fashion business model


Pizza Hut seeks 40,000 new workers by the end of the year

MarketWatch - 15hr

Pizza Hut said Thursday that the pizza chain and its franchisees are looking for 40,000 new permanent workers by the end of 2021. Most of the openings are for drivers and cooks. Pizza Hut and franchisees are also hosting a virtual career event, Pizza Hut: Pathways to Possibility, on Sept. 29 to showcase how workers can advance their career with the brand. Pizza Hut joins a number of companies that are offering programs, benefits and pay to attract and retain workers in a tight labor market. Pizza Hut is part of the Yum Brands Inc. portfolio. Yum stock has gained 15.7% for the year to date while the S&P 500 index is up 18.6% for the period.


Migrant Candidates Face Racism in German Election

WSJ World - 15hr

More German Turks will run for election this year than at any time in the past two decades, but candidates from Germany’s largest ethnic minority say they often face racism, underlining the difficulties the country faces in integrating its diverse migrant communities.


Biden White House leans toward releasing information about Trump, Jan. 6 attack: report

MarketWatch - 15hr

The White House is leaning toward releasing information to Congress about what Donald Trump and his aides were doing during the Jan. 6 attack on the U.S. Capitol, the Washington Post reports. As the Post writes, former President Trump has said he will cite "executive privilege" to block information requests from the House committee investigating the events of that day. But, says the report, President Joe Biden's White House plans to err on the side of disclosure given the gravity of the events of Jan. 6. The Post cited two people familiar with discussions.


EngageSmart shares soar 42% in trading debut

MarketWatch - 15hr

Shares of EngageSmart Inc.,a Massachusetts-based customer engagement and payments software company, soared 42% in their trading debut Thursday, after the company's initial public offering priced at $26 a share, above its proposed price range of $23 to $25. The company sold 14.5 million shares to raise $38.8 million at a valuation of $4.2 billion. The stock is trading on the New York Stock Exchange, under the ticker "ESMT." J.P. Morgan, Goldman Sachs, BofA Securities and Citigroup were the lead underwriters. The company going public at a time that the Renaissance IPO ETF has gained 8% in the year to date, while the S&P 500 has gained 17%.


Economic Growth in U.S. and Europe Slows

WSJ World - 15hr

Concerns over the fast-spreading Delta variant and continued supply bottlenecks weighed on business activity, but growth expected to pick up in coming months.


Economic Growth in U.S. and Europe Slows

WSJ USBusiness - 15hr

Concerns over the fast-spreading Delta variant and continued supply bottlenecks weighed on business activity, but growth expected to pick up in coming months.


Evergrande Is Only the Latest in a Chain of Chinese Debt Crises

WSJ Markets - 15hr

The broader consequences for China’s economy may not be clear for a while, but recent history may help investors understand what to look for.


TPG Appoints New President, Makes Other Management Changes

WSJ Markets - 16hr

The private-equity firm is moving a group of longtime partners into leadership roles as it prepares to launch an initial public offering of its shares.


Key Words: Former Fed official says his biggest worry is a ‘major reversal’ in progress toward containing COVID

MarketWatch - 16hr

Patrick T. Fallon/Agence France-Presse/Getty ImagesFormer Atlanta Federal Reserve president Dennis Lockhart, speaking the day after policy makers laid out their interest rate outlook for the next few years, told CNBC Thursday that his biggest concern is that the U.S. ends up losing ground in containing COVID-19.“The direction of the economy is still virus-dependent,” he told the network Thursday, a day after the Federal Reserve policy update. He said what he worries about the most is a “major reversal” in the progress that’s been made toward containing the virus, and that such a reversal can’t be entirely ruled out.Lockhart’s comments came as some rates traders also cast some doubt this week on whether the central bank will get as far as it thinks it can in raising policy rates to contain rising inflation. Widely followed U.S. Treasury yield spreads flattened on Wednesday — even though Fed officials penciled in a total of seven rate hikes between 2022 and 2024, and said the tapering of bond purchases “may soon be warranted.” Those spreads have since stabilized.“We live in a world of multiple variants we are watching closely. That’s where the risk lies,” said Lockhart, who retired in 2017 as president of the Federal Reserve Bank of Atlanta. He added that “transient” inflation “now means longer than a few months.”With the global tally of confirmed COVID-19 cases climbing above 230 million as of Thursday, the U.S. is averaging more than 2,000 deaths a day, according to a New York Times tracker, or the most since late February.On Thursday, U.S. stocks jumped, with the Dow Jones Industrial Average DJIA gaining more than 500 points, as the S&P 500 SPX and Nasdaq Composite Index COMP also extended their gains after the Federal Reserve offered no surprises on Wednesday. Meanwhile, Treasury yields rose across the board, with the 10-year rate BX:TMUBMUSD10Y rising to as high as 1.38%.


China Evergrande Loses Support of Hong Kong Tycoon Amid Debt Crisis

WSJ Markets - 16hr

Chinese Estates, which is controlled by Hong Kong billionaire Joseph Lau and his wife, Chan Hoi-wan, said it had recently pared its stake in Evergrande and it was seeking shareholder approval to potentially sell the remainder.


U.S. Jobless Claims Hover Near Pandemic Low

WSJ USBusiness - 16hr

Initial unemployment claims, a proxy for layoffs, rose by 16,000 to a seasonally adjusted 351,000 last week from a revised 335,000 the prior week, as demand for workers keeps a lid on layoffs.


EIA reports a weekly supply climb of 76 billion cubic feet

MarketWatch - 17hr

Natural-gas futures held onto the bulk of their gains on Thursday after the U.S. Energy Information Administration reported that domestic supplies of natural gas rose by 76 billion cubic feet for the week ended Sept. 17. That was larger than the average increase of 70 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.082 trillion cubic feet, down 589 billion cubic feet from a year ago and 229 billion cubic feet below the five-year average, the government said. Following the data, October natural gas was up 7.1 cents, or 1.5%, at $4.876 per million British thermal units. Prices were at $4.902 shortly before the data.


Electric-Car Shift Drains Fuel Taxes in Some Countries

WSJ World - 17hr

Officials in places like Norway, which has the world’s highest electric-vehicle uptake rate, and the U.K. are rethinking incentives and studying road-pricing systems.


Canadian retail cannabis sales set record, shares rise

MarketWatch - 17hr

Shares of Canadian cannabis companies rose on Thursday after Statistics Canada reported record sales in July. New Cannabis Ventures reported that July retail sales for the country reached C$338.9 million, up 6% from June. Sales for July rose 45.6% from a year ago. Shares of Tilray Inc. rose 3.2%, Canopy Growth advanced by 3.4%, Aurora Cannabis gained 3.1% and Village Farm International added 3.5%. Sitting out the gains, Ayr Wellness dipped 0.3%.


BP may ration gasoline in U.K. due to truck driver shortage: report

MarketWatch - 17hr

BP may ration gasoline deliveries to its 1,200 gas stations in the U.K. due to a truck driver shortage, U.K. broadcaster ITV reported. While the company was hopeful fuel stocks at forecourts will stabilise and start to rebuild at some point in October, the report quoted BP's head of U.K. retail as saying: "We are are expecting the next few weeks to be really, really difficult." In a emailed statement, BP said it was "experiencing fuel supplies at some" retail sites, with a handful temporarily closed due to lack of unleaded and diesel grades. "These have been caused by delays in the supply chain, which has been impacted by industry-wide driver shortages across the U.K. and we are working hard to address this issue," it said.


Big Pharma Isn't Done Rolling Out Covid Treatments

WSJ Markets - 17hr

Oral antiviral treatments for Covid-19 could give a public health boost and generate blockbuster sales for the drug industry.


Brink's stock sinks toward 10-month low after revenue outlook cut

MarketWatch - 17hr

Shares of Brink's Co. dropped 2.5% toward a 10-month low in morning trading Thursday, putting them on track for a six-straight loss, after the secure cash logistics and management company cut its 2021 revenue outlook, citing the continued negative effects of the COVID-19 pandemic overseas and labor shortages and inflationary pressures in the U.S. The company now expects 2021 revenue of $4.10 billion to $4.20 billion, down from the guidance range provided in July of $4.20 billion to $4.60 billion, and below the current FactSet consensus of $4.34 billion. The company expects third-quarter revenue of $1.03 billion to $1.07 billion, below the FactSet consensus of $1.12 billion, and sees fourth-quarter revenue of $1.04 billion to $1.10 billion, compared with expectations of $1.19 billion. The company said it has increased selling prices in the U.S., which it expects when fully implemented to offset wage increases. The stock has slumped 16.2% oer the past three months, while the S&P 500 has gained 4.3%.


Carnival to have over half of its cruise ships sailing again by the end of October

MarketWatch - 18hr

Shares of Carnival Corp. climbed 2.1% in premarket trading Thursday, after the cruise operator said it expects to have more than 50% of its cruise capacity operating by the end of October. The company said it also targets 65% of capacity returning to operation by the end of the year. The company said to date, eight of its nine cruise brands have resumed sailings, and those eight brands have announced that they will be operating 42 ships by the end of October, which is more than half of Carnival's global fleet capacity. "Based on our initial restart of guest cruise operations across eight brands, it is clear from our guests that there is tremendous confidence in our brands, our health and safety protocols, and the return of cruising as one of the world's most popular vacations," said Chief Communications Officer Roger Frizzell. Carnival's stock has dropped 16.1% over the past three months through Wednesday, while the S&P 500 has gained 3.6%.


Dell announces $5 billion share-buyback program

MarketWatch - 18hr

Dell Technologies Inc. offered a series of long-term guidance figures ahead of an analyst-day event Thursday. At the event, Dell plans to announce that it expects compound annual revenue growth of 3% to 4% through fiscal 2026, as well as compound annual growth in non-GAAP diluted earnings per share of at least 6% in the same span, according to a release. The company also intends to announce its expectation for net income to adjusted free-cash flow conversion of at least 100% during this span. Dell plans to announce the approval of a share-buyback program of up to $5 billion that becomes effective in November upon the expected completion of its VMware spinoff. The company intends to begin issuing a quarterly dividend "with an attractive yield" in the first quarter of fiscal 2023, subject to board approval. The company will be targeting an annual dividend of about $1 billion. It will also be aiming to return 40% to 60% of adjusted free-cash flow to shareholders through dividends and repurchases beginning in fiscal 2023. "We consider the details thus far to be net-positive - most notably a more meaningful capital return story," Wells Fargo's Aaron Rakers wrote in a note to clients. Dell shares are up 2.2% in premarket trading. They're near flat over a three-month span, as the S&P 500 has risen 3.5%.


Senate confirmation for expected Biden banking regular pick given slim chance

MarketWatch - 18hr

Capital Alpha Partners analyst Ian Katz on Thursday predicted a 35% chance that Cornell University law professor Saule Omarova will be approved by the U.S. Senate for the banking regulator job of running the Office of the Comptroller of the Currency. Omarava is a "polarizing" pick for the OCCC job as a critic of big banks, Katz said. She has suggested that the Fed should hold bank customer deposits on its balance sheet to democratize the financial system. "By separating banks' lending and monetary functions, banks wouldn't be special anymore, she wrote, marking the end of banking 'as we know it'," Katz wrote in a research note. Omarova also said the rise of cryptocurrencies mainly benefits the "dysfunctional financial system we already have," and could destabilize the economy. "We don't think Omarova would get a single Republican vote," Katz said. "So in a 50-50 Senate, she needs the support of every Democrat. We don't see it happening." Omarova will be nominated to run the Office of the Comptroller of the Currency (OCC), Bloomberg reported Wednesday. In August, The New York Times reported that Omarova was being vetted for the job.


BlackBerry, Lucid, Nike: What to Watch When the Stock Market Opens Today

WSJ Markets - 18hr

BlackBerry reported an earnings beat; Results are due from Nike after the close.


Rite Aid reports narrower-than-expected loss, but revenue misses and full-year loss outlook widens

MarketWatch - 19hr

Shares of Rite Aid Corp. dropped 3.9% in premarket trading Thursday, reversing an earlier gain, after the drugstore chain reported a narrower-than-expected fiscal second-quarter loss, citing "strong execution" of COVID-19 vaccine administration, even as revenue came up short and the full-year loss outlook was widened. The net loss for the quarter to Aug. 28 widened to $100.3 million, or $1.86 a share, from $13.2 million, or 25 cents a share, in the year-ago period, citing higher litigation settlements, higher loss on sale of assets and a loss on debt modifications. Excluding nonrecurring items, the adjusted per-share loss was 41 cents, compared with the FactSet loss consensus of 48 cents. Revenue rose 2.2% to $6.11 billion, below the FactSet consensus of $6.21 billion, as retail pharmacy revenue grew 6.5% to $4.28 billion while pharmacy services revenue fell 6.9% to $1.90 billion. For fiscal 2022, the company affirmed its revenue guidance range of $25.1 billion to $25.5 billion but widened the adjusted per-share loss guidance to 90 cents to 53 cents from 79 cents to 24 cents. The stock has tumbled 25.4% over the past three months through Wednesday, while the S&P 500 has gained 3.6%.


GE to buy BK Medical for $1.5 billion to expand ultrasound business

MarketWatch - 19hr

Shares of General Electric Co. rose 0.9% in premarket trading Thursday, after the industrial conglomerate said its Healthcare business unit was buying surgical visualization company BK Medical for $1.45 billion, from Altaris Capital Partners. Boston- and Copenhagen-based BK Medical has more than 650 employees and is growing revenue in the double-digit percentage range. The deal is expected to close in 2022. "Ultrasound today forms an integral part of many care pathways, and BK Medical is a strategic and highly complementary addition to our growing and profitable Ultrasound business," said GE Healthcare Chief Executive Kieran Murphy. GE Healthcare expects BK Medical to deliver "rapid" revenue growth, as well as margin expansion and free cash flow growth. GE's stock has slipped 4.9% over the past three months through Wednesday, while the S&P 500 has gained 3.6%.


Cresco paying $90 million for Pennsylvania cannabis dispensaries

MarketWatch - 19hr

Cresco Labs Inc. said Thursday it'll pay $90 million in cash and stock for Bay LLC, which operates under the name Cure Penn, in a move by the cannabis company to grow its presence in Pennsylvania. The purchase includes three operating Cure Penn dispensaries in Lancaster, Phoenixville, and Philadelphia. The locations will complement the four existing Cresco Labs dispensaries tin the state that operate under the name Sunnyside. Cresco Labs c-founder and CEO Charlie Bachtell said the deal will increase the Chicago company's profitability in the state. Cresco Labs shares are down 12.3% year-to-date, compared to a rise of 5.4% by the Cannabis ETF and an advance of 17% by the S&P 500 .


Europe's Balancing Act Between the U.S. and China Is Buffeted From Both Sides

WSJ World - 19hr

The EU’s biggest countries want to carve a middle path between China and the U.S. Last week’s surprise announcement of a new defense pact among the U.S., the U.K. and Australia shows how hard that will be.


China Prepares for Downfall of Debt-Laden Evergrande

WSJ Markets - 20hr

Beijing, reluctant to bail out the country’s most heavily indebted property developer, is asking local officials across the country to prepare for a “possible storm.”


China Prepares for Downfall of Debt-Laden Evergrande

WSJ USBusiness - 20hr

Beijing, reluctant to bail out the country’s most heavily indebted property developer, is asking local officials across the country to prepare for a “possible storm.”


Microsoft Keeps Surface in Its Place

WSJ Markets - 21hr

Microsoft’s new devices come as a reporting change makes clear that hardware is but a small piece of the software giant’s growing pie.


Amazon Faces Headquarters Controversy---This Time in Africa

WSJ World - 22hr

The retail behemoth’s plans for a regional base in Cape Town is part of project igniting protest from local groups who say the site is sacred.


New Platform Backed by Fidelity, Goldman Seeks to Bring IPO Market Into Digital World

WSJ Markets - 22hr

Capital Markets Gateway looks to transform a business long accustomed to phone calls and pieces of paper.


Fed Officials See 'Transitory' Inflation Lasting Quite a While

WSJ USBusiness - 22hr

The Fed has said inflation will soon return close to its 2% target, yet it is clear officials are turning less sanguine—and that explains growing eagerness to start raising rates.


Amazon Faces Headquarters Controversy---This Time in Africa

WSJ USBusiness - 22hr

The retail behemoth’s plans for a regional base in Cape Town is part of project igniting protest from local groups who say the site is sacred.


Iron-Ore Prices Buckle as Evergrande Adds to China Concerns

WSJ Markets - 24hr

The property sector accounts for an estimated 25% of China’s steel demand and investors fear a sharp fall in construction activity.


FDA Clears Covid-19 Booster Shots From Pfizer for High-Risk People

WSJ USBusiness - 1d

The third dose of the vaccine was authorized for people who are 65 years or older or at high risk of severe Covid-19, including from their jobs.


Facebook's Chief Technology Officer to Step Down

WSJ USBusiness - 1d

Mike Schroepfer, after 13 years at the company and serving as one of its top executives, is leaving the post to transition to a part-time role.


Short-Term Treasury Yields Rise After Fed Signals Shift

WSJ Markets - 1d

Yields on all but the longest-term U.S. government bonds edged higher after central-bank officials signaled they are hastening when they would start tightening monetary policy.


U.S. Stocks Finish Higher as Fed Signals Timing for Interest Rate Hikes

WSJ Markets - 1d

Share benchmarks gained as investors shook off concerns over property developer China Evergrande Group and shifted their focus to the Federal Reserve.


Toast, Freshworks Make Strong Market Debuts

WSJ Markets - 1d

The companies are among more than a dozen expected to raise more than $5 billion through IPOs this week.


SEC Asks Dozens of Companies for More Climate Disclosures

WSJ Markets - 1d

The agency has sent letters to dozens of public companies asking them to provide more information to investors about how climate change might affect their financial earnings or business operations.


Employee Lawsuit Challenges United Airlines Over Vaccine Exemptions

WSJ USBusiness - 1d

A group of six employees sued the airline over its Covid-19 vaccine mandate, alleging that the airline hasn’t made reasonable accommodations for those seeking religious and medical exemptions.


Fed's Intentions on Rates Remain Muddled

WSJ Markets - 1d

Investors shouldn’t read too much into projections showing that half of Federal Reserve board members see rates higher by the end of next year.