UpHealth Inc. Declares Bankruptcy
Shares of UpHealth Inc. (UPH) plummeted 50% in premarket trading on Tuesday, reaching a record low, following the company's announcement of filing for bankruptcy. UpHealth went public on June 10,…
The Continued Potential of Tech Stocks
Investors in the tech sector may feel hesitant to make further investments, given the significant gains already seen this year and the possibility of rising interest rates. However, analysts at…
Rocket Lab USA Inc. Shares Plummet Following Failed Space Flight Launch
Shares of Rocket Lab USA Inc. (RKLB) took a nosedive in premarket trading, dropping by 18.1%. This decline positions the stock as the top premarket decliner on major U.S. exchanges.…
Serica Energy Reports Rise in Pretax Profit Despite Revenue Decline
UK-based oil and gas company, Serica Energy, has announced an increase in first-half pretax profit for 2023. The company reported a rise in pretax profit from GBP194.5 million to GBP298.3…
Stock Futures Rise Ahead of Federal Reserve Meeting
Stock futures are showing a slight increase on Tuesday as investors prepare for the start of the two-day Federal Reserve meeting. It is anticipated that the central bank will maintain…
Quiz Expects Lower Revenue for Fiscal 2024
Quiz, the London-listed fashion brand, has announced that it expects a decline in revenue for fiscal 2024 due to ongoing inflationary cost pressures. As a result, consumer confidence and demand…
The iPhone 15 Preorders Paint a Promising Picture for Apple
Apple (ticker: AAPL) has recently faced skepticism from analysts about whether the release of the iPhone 15 will boost sales. However, new data is emerging that could change this perspective.…
Dialight Announces Plans to Divest and Fundraise
Dialight, the U.K. lighting company, has unveiled its transformation plan, which includes divesting non-core assets and businesses. As a result, the company's shares have experienced a 15% decline. The board…
Glencore’s Battery Recycling Plant in Italy
Glencore, the Anglo-Swiss commodity miner and trader, announced that its battery recycling plant in Portovesme, Italy is expected to begin operations in the first half of 2024. The company has…
Clorox Co. to Face Material Impact on Q1 Results due to Cybersecurity Attack
Shares of Clorox Co. dropped significantly in premarket trading on Monday, reaching a 7 1/2-month low, following the company's announcement of a cybersecurity attack that occurred last month. Clorox expects…
Market Update
U.S. Futures Show Modest Gains In the U.S., futures for the S&P 500 and Dow Jones Industrial Average are both up 0.1% ahead of the opening bell. However, it is…
Labor Strikes Create Concerns for Stock Market Investors
The United Auto Workers (UAW) strike against the Big 3 carmakers has raised concerns among stock-market investors regarding the future of corporate profits. Mark Hackett, chief of investment research at…
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