(Markets Insider) Goldman Sachs strategists have trimmed the S&P 500 target to 4,900 by the end of the year, down from the previous forecast of 5,100. The downward revision follows…
(Cornerstone) Cornerstone Building Brands Inc. rose 24% on Monday after disclosing a buyout bid of about $3.11 billion by Clayton, Dubilier & Rice LLC. CD&R, already owning 49% of Cornerstone,…
(Collegium) Shares of BioDelivery Sciences International, Inc rose more than 51% on Monday on the news of the acquisition by Collegium Pharmaceutical Inc. at $5.60 per share. Following the deal,…
(Reuters) Electric maker Tesla sold 59,845 China-made vehicles in the first month of 2022, a decline from 70,847 in December 2021. Out of the total sales by Tesla, 67.8% were…
(Yahoo! News) Australian gaming group Crown Resorts has agreed to a takeover bid by Blackstone for A$8.9 billion or US$6.3 billion. Crown Chairman Ziggy Switkowski says the Blackstone offer is…
(Lockheed Martin) Lockheed Martin Corp. will no longer pursue the proposed $4.4 billion deal for Aerojet Rocketdyne Holdings Inc. as US regulators raised antitrust concerns. Lockheed says the decision to…
(University of Michigan) The Index of Consumer Sentiment in the US fell 8.2% in February from January to 61.7, the worst in a decade. Compared to last year, the index…
(Zillow Group) Zillow stock surged more than 13% on Friday after the company announced a fourth-quarter 2021 revenue of $3.88 billion, up from $89 million in the prior year. The…
(WSJ) US Food and Drug Administration has declined a petition filed by short-sellers seeking to stop the clinical trials of Cassava Sciences Inc. Alzheimer drug. Two short-sellers had alleged that…
(IEA) The International Energy Agency says oil markets are still tight, warning that OPEC+ members produced 900,000 barrels per day in January, below target. The oil organization raised the demand…
(Affirm) Shares of Affirm Holdings Inc. fell 9% on Friday after reporting a wider net loss of $159.7 million in the second quarter of 2022, from a loss of $26.6…
(CNBC) Salesforce executives have reportedly revealed to their employees a plan to release an NFT cloud. Salesforce Co-CEOs Marc Benioff and Bret Taylor are said to reveal the plan at…