Data management software company Backblaze Inc. on Tuesday said it plans to sell 6.25 million shares of Class A common stock at $15 to $17 per share in its upcoming initial public offering. The Palo Alto, Calif.-based company plans to trade on the Nasdaq under the symbol BLZE. At...
Natural-gas futures suffered a drop of almost 7% on Thursday, with prices pressured by recent reports Russian President Vladimir Putin ordered Gazprom to send more natural gas to Europe next month. Oil futures, meanwhile, finished with a modest gain, a day after losing more than 2% on news that...
The European Union has announced proposals that would put a nine-month time limit on COVID vaccinations for travelers in and out of the bloc. After that point, boosters would be required, the European Commission recommended, in a statement on its website on Thursday. "The 9-month period takes into account...
Stocks ended mostly higher Thursday, with tech and other growth-oriented shares bouncing after a selloff sparked the previous session by a much hotter-than-expected October Consumer Price Index reading. The Dow Jones Industrial Average DJIA, -0.44% lagged behind, however, falling around 159 points, or 0.4%, to close near 35,921, according...
Gold futures climbed on Thursday, stretching their winning streak into a sixth straight session to mark another settlement at the highest since mid-June. The move up for gold follows a 1% rise in prices a day earlier, "when it surged following the inflation report as traders sought out an...
U.S. stock indexes were trading mixed heading toward the closing bell Monday, with the S&P 500 and Dow Jones Industrial Average each climbing higher while the Nasdaq Composite was down, after the White House announced earlier in the day that Federal Reserve Chairman Jerome Powell was nominated to serve...
Raytheon Technologies Corp. RTX, +1.49% said late Tuesday its board has authorized the repurchase of up to $6 billion of the company's stock. The new authorization replaces the company's previous program, approved Dec. 7, 2020, the company said. Share buybacks "may take place from time to time, subject to...
Shares of Robinhood Markets Inc. HOOD, -0.68% slumped 2.8% toward a seventh-straight loss, and sixth-straight record low in afternoon trading Tuesday, amid a selloff in some key meme stocks. The commission-free trading platform's stock has tumbled 23.1% during its current losing streak, which puts the stock 28.8% below its...
Shares of Hibbett Inc. HIBB, -6.66% tumbled 7.0% in afternoon trading Thursday, putting them on track for their longest losing streak in over 13 months, after BofA Securities analyst Alexander Perry backed away from his bullish stance on the sporting goods retailer, citing expectations of lower demand as government...
Shares of Duolingo Inc. DUOL, +0.91% rose more than 8% in the extended session Wednesday after the language-learning app company reported a narrower-than-expected loss and sales that were above Wall Street expectations. Duolingo said it lost $29 million, or 98 cents a share, in the third quarter, compared with...