Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, May 23, 2019. Ann Saphir | Reuters Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing, but obstacles remain that will…
Check out the stocks making the biggest moves in premarket trading. Bloomin’ Brands — Shares of the restaurant company rose more than 5% after the Outback Steakhouse parent announced it added two new members to its board. The change comes as part of an agreement between Bloomin’ and activist firm Starboard. Coinbase , Marathon Digital…
Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest rate cuts this year, Eisman believes there’s little tolerance for things going wrong. “Long term,…
Check out the companies making headlines in midday trading. Moderna — The drugmaker jumped 16% following an upgrade to outperform by Oppenheimer. The firm said Moderna’s multiple product launches in the next 12 to 18 months should help top-line sales start to grow in 2025. Moderna fell more than 40% in 2023. Apple — Apple…
Check out the companies making the biggest moves in premarket trading: Apple — Apple shares lost 2% before the bell after Barclays downgraded the iPhone maker to underweight, citing weak iPhone 15 volumes, along with Macs, iPads, and wearables. In addition, Apple’s widening P/E multiple doesn’t look “sustainable,” the bank said. Tesla — Shares slipped…
Check out the companies making headlines in midday trading. Fisker — The electric vehicle stock gained nearly 18% after Fisker reported it grew deliveries by more than 300% from the third to fourth quarter. The company added that it intends to announce a plan in January to further accelerate sales and deliveries, continuing to capitalize…
Check out the companies making headlines before the bell. Fisker — Shares of the electric vehicle company popped 9.3% after Fisker said that it grew deliveries by over 300% between the third and fourth quarter, helped by strong demand for the company’s Ocean SUV. Fisker said it intends to announce a plan in January to…
Check out the companies making headlines in midday trading. Regeneron Pharmaceuticals — Shares of the biotech firm edged more than 1% higher, adding to Wednesday’s gains. The moves follow a judgment in Regeneron’s favor in a West Virginia patent lawsuit against Mylan. BMO analyst Evan Seigerman said the ruling most likely prevents Mylan from launching…
Check out the companies making headlines before the bell. Tesla — The electric vehicle maker rose nearly 1%, adding to previous gains on news that it will revamp its Model Y vehicle. Tesla plans to begin refreshing the model starting in the middle of next year from its Shanghai plant, a Bloomberg News report said.…
Check out the companies making headlines in midday trading. Tesla — The electric vehicle maker added 1.9% after Bloomberg News reported improvements to its Model Y vehicle are coming. Tesla plans to revamp the car from its Shanghai plant starting in the middle of 2024, the report said. New York Times Company — Shares jumped…
