Shares of FuboTV Inc. FUBO, +7.91% rallied 1.8% in premarket trading Friday, after Wedbush analyst Michael Pachter recommended investors buy, saying the recent pullback provided a "compelling entry point." Pachter raised his rating to outperform, after downgrading it to neutral a month ago, but kept his price target at...
Yeti Holdings Inc. YETI, -4.02% said Friday that Chief Financial Officer Paul Carbone is resigning effective Oct. 28, to pursue a business opportunity that will allow him to be closer to family in Boston. The provider of outdoor products such as coolers and drinkware and backpacks has commenced a...
Shares of Spectrum Pharmaceuticals Inc. SPPI, -32.65% were down 22.0% in premarket trading on Friday, the day after a Food and Drug Administration committee voted 9-4 that the benefits of the company's experimental lung-cancer drug do not outweigh the risks. The FDA is not required to follow the committee's...
NextEra Energy Inc.'s NEE, -1.22% Florida Power & Light unit said it plans to refund about $400 million in federal tax savings to its 5.8 million customers. The savings stem from a federal production tax credit (PTC) for the development of the company's current stable of 50 operational solar...
Novartis AG NOVN, -0.92% on Thursday told investors that the Swiss drug maker plans to adopt a "U.S.-first mindset" in its bid to become a "top-five player" in the U.S. market by 2027. Novartis is one of the world's largest pharmaceutical companies; however in the U.S., it was the...
Netflix Inc. NFLX, -4.49% said Friday its principal accounting officer Ken Barker has submitted his resignation effective Oct. 7, meaning he is leaving his role less than four months after taking it up. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, -1.52%, where he...
Baker Hughes BKR, -5.40% on Friday reported that the number of active U.S. rigs drilling for oil rose by three to 602 this week. That followed an increase of eight the week before. The total active U.S. rig count, which includes those drilling for natural gas, climbed by one...
Shares of Coinbase Global Inc. COIN, -1.68% slumped 4.2% toward a two-month low in afternoon trading Friday, after both an equity analyst and credit analyst trimmed their outlooks on the cryptocurrency wallet provider, with both analysts citing downbeat outlooks for the cryptocurrency market. J.P. Morgan analyst Kenneth Worthington reiterated...
Oil futures declined Friday, with U.S. prices dropping below $80 a barrel to settle at their lowest since January. "Economic turmoil is putting oil on track for its first quarterly loss in two years as the market focuses on the potential coming recession inspired by aggressive Federal Reserve policy,...
The Dow Jones Industrial Average's DJIA, -1.62% 767-point tumble in afternoon trading Friday, to break down below the June 17 closing low (29,888.78), not only showed that the bear market was alive and kicking, it also triggered a sell signal based on the century-old Dow Theory of market analysis....