Month: July 2022
U.S. House panel asks gunmakers to testify amid mass shootings
Representative Carolyn Maloney, a Democrat from New York and chair of the House Committee on Oversight and Reform, speaks during a hearing in Washington, D.C., U.S., on Oct. 28, 2021. Ting Shen | Bloomberg | Getty Images The U.S. House Oversight Committee has asked the chief executives of three gunmakers to testify on July 20 […]
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Kellogg will find it difficult to pass through inflation from here, UBS says
Shares of Kellogg may come under pressure as the company finds it difficult to pass on rising prices from here, according to UBS. Analyst Cody Ross downgraded shares of Kellogg to neutral from buy, saying in a Thursday note that the food manufacturer faces “some of the highest inflationary pressure” within the firm’s coverage. “Kellogg’s […]
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5 things to know before the stock market opens Thursday
British Prime Minister Boris Johnson listens to Qatar’s Emir Sheikh Tamim bin Hamad al Thani (not pictured) at the start of their meeting at 10 Downing Street, in London, Britain May 24, 2022. Matt Dunham | Reuters Here are the most important news items that investors need to start their trading day: 1. The end […]
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How startups are dealing with the hardest fundraising climate in more than a decade
Cube CEO Christina Ross (middle) with her team Cube When Cube CEO Christina Ross kicked off fundraising efforts for her financial planning software startup in February, cloud stocks were already down 40% from their 2021 highs. They had a lot further to drop over the next few months. By the time Cube announced its $30 […]
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UK Prime Minister Boris Johnson resigns
British Prime Minister Boris Johnson makes a statement at Downing Street in London, Britain, July 7, 2022. Henry Nicholls | Reuters LONDON — U.K. Prime Minister Boris Johnson resigned Thursday, bringing an acrimonious end to a nearly three-year premiership that has been beset by controversy and scandal. Speaking outside Downing Street, Johnson said the process […]
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Stocks making the biggest moves premarket: GameStop, Seagen, Virgin Galactic and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22. Seagen (SGEN) – Seagen gained 4.5% in premarket trading after the Wall Street Journal reported that Merck (MRK) […]
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Bank of America downgrades Kohl’s to underperform, sees risk to the stock with deal off the table
It’s time to sell shares of Kohl’s as consumer demand weakens from inflation, and after the retailer scrapped deal talks, according to Bank of America. Analyst Lorraine Hutchinson downgraded shares of Kohl’s to underperform from neutral, as inflationary pressures cut into sales at the department store chain, according to a Thursday note. “We are downgrading […]
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American Airlines pilots get triple pay for flights dropped in glitch
American Airlines will give pilots triple pay to work flights that were mistakenly dropped due to a computer glitch this past weekend. Source
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Casino industry urges federal prosecutors to crack down on illegal operators
American casinos, gaming companies and lawmakers are calling on federal prosecutors to crack down on illegal offshore gambling sites that they say are evading consumer protection regulations. The push comes as sports gambling has quickly expanded in the U.S. in recent years, with more than 30 states and Washington D.C. allowing it. “What maybe at […]
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Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery
On Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector. Ina Fassbender | AFP | Getty Images Plans to build a major hydrogen plant in the Netherlands will […]
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