A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City.Spencer Platt | Getty ImagesCava on Tuesday posted a profitable quarter for its first earnings report since its initial...
These are the stocks posting the largest moves in postmarket trading.
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty ImagesHome Depot topped earnings expectations Tuesday, but posted a 2% year-over-year sales decline as customers remained wary of big purchases and major projects.It marked the...
Scientific Financial Systems’ flagship product Quotient™ provides an advanced analytical engine that simplifies data manipulation, factor building, backtesting, portfolio construction, and much more. Under the covers, SFS’s Quble technology powers Quotient’s financial algorithmsQuble is a revolutionary Python-based engine meticulously designed for quantitative finance analysis. Quble’s prowess is partially achieved...
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Banks — Major Wall Street banks slid during midday trading after CNBC reported Tuesday that Fitch Ratings may once again downgrade the health...
Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the month, the Commerce Department reported Tuesday.The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate. Excluding autos,...
Check out the companies making headlines in premarket trading.Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild resigned. The company said board member John Owen would assume the role of interim chief executive.Turnstone Biologics — Stock in the biotechnology company slipped 2.3% in premarket trading. Earlier Tuesday,...
The enforcement division of the Securities and Exchange Commission has issued formal requests, including subpoenas, to a number of investment firms over their sustainable investment advertising practices. This escalation shows the SEC’s heightened scrutiny on environmental, social and governance funds. A significant point of concern for the SEC includes mainstream...
Exchange rate volatility has long been a major headache for cross-border businesses. Historically, companies have sought protection by purchasing foreign exchange (FX) insurance or options, but most of these financial products operate like giant “black boxes”, Finofo‘s co-founder and CFO Charles Maranda told TechCrunch in an interview. Maranda’s company aims...
Employers offering defined-contribution plans to their workers are broadening their focus on financial well-being, according to a poll from J.P. Morgan Asset Management. DC plan sponsors are especially keen to ensure that their employees are well-placed to enjoy adequate retirement income, with 9 out of 10 respondents saying they “strongly...