Shares of Upstart Holdings Inc. UPST, +6.99% were up more than 10% in Monday afternoon trading, ahead of the lending company's second-quarter earnings report, which is expected after the closing bell. Upstart executives disclosed a month back that they expected to fall well short of their prior forecasts for...
The U.S. Treasury Department's Office of Foreign Assets Control on Monday sanctioned Tornado Cash, which allows users to conduct private crypto transactions. As a result, Tornado Cash's property and interests in property in the U.S. will be blocked, according to a statement by the Treasury Department Monday. The platform...
Hiring Gets Easier for Some Employers Despite Hot Job Market Verizon, Uber, Marriott and others hardest hit by the pandemic say they are seeing emerging signs that recruiting workers is becoming less of a challenge, even as the overall job market remains tight. Aug. 8,...
Shares of Karuna Therapeutics Inc. KRTX, +4.43% soared 42.6% in premarket trading on Monday after the company said its experimental treatment for schizophrenia met the primary endpoint in a Phase 3 clinical trial. Karuna told investors it expects to submit the therapy to the Food and Drug Administration in...
Fortinet Inc. FTNT, +1.48% shares were on track for their worst day in nearly seven years Thursday after the cybersecurity company reported a slight beat on earnings and an unimpressive outlook. Fortinet shares dropped as much as 17% to an intraday low of $52, putting them on track for...
Oil futures fell sharply Thursday, with the U.S. benchmark ending below the $90 a barrel threshold as investors worried about the risk of a global economic slowdown that could crimp demand. West Texas Intermediate crude for September delivery CL.1, -0.54% CL00, -0.54% CLU22, -0.54% ended with a loss of...
Senate Majority Leader Chuck Schumer said Thursday he expects the chamber will begin voting on Democrats' $739 billion climate, healthcare and tax legislation on Saturday. Known as the Inflation Reduction Act, it was introduced last week by Schumer and Sen. Joe Manchin, a West Virginia Democrat. The measure needs...
The U.S. has declared the monkeypox outbreak a public health emergency, according to a federal health official. The Department of Health and Human Services can declare a 90-day public health emergency that allows HHS Secretary Xavier Becerra to take additional steps and access new resources to combat public health...
Shares of Carvana Co. CVNA, +40.07% were rocketing 11% in after-hours trading Thursday, though the used-car retailer missed expectations with its second-quarter revenue and logged a larger loss than analysts were anticipating. Carvana recorded a net loss of $238 million, or $2.35 a share, whereas it posted net income...
The daily average for new U.S. cases may have started to decline, but not all data are being captured as many people are testing at home. The average stood at 118,380 on Thursday, according to a New York Times tracker, down 8% from two weeks ago. The average remains...