Sweetgreen Inc. SG, +76.79% received a standing ovation by investors on its public debut, as the California-based operator of health-driven restaurants' stock opened 85.7% above the upsized initial public offering price. The company said overnight that it raised $364.0 million as it sold 13.0 million shares in the IPO,...
Shares of NOV Inc. NOV, -3.47% dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia's invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy,...
Amazon.com Inc. AMZN, +13.54% disclosed in its annual report Friday that it spent $1.3 billion to repurchase 500,000 shares during the period from Jan. 1, 2022 to Feb. 2. The repurchases were significant, because that's the first time the ecommerce and cloud giant has bought back stock since 2012,...
The numbers: The U.S. employment cost index rose 1% in the fourth quarter, down from the record 1.3% gain in the July-September quarter, the Labor Department said Friday. Economists polled by the Wall Street Journal had forecast a 1.2% increase. Over the past 12 months, the employment cost index...
U.S. stocks limped lower on Thursday, and the Dow erased meager gains in the final minutes of trade, ahead of an important read of consumer inflation that could deliver a fresh jolt to financial markets. Investors have moved from jitters over the impact of the omicron variant of the...
U.S. oil futures shook off earlier losses from concerns over a potential release of oil from the U.S. Strategic Petroleum Reserve to finish with a slight gain for the session on Monday. "While the Biden administration has been mulling an SPR release to force oil prices lower, it would...
Shares of Union Pacific Corp. UNP, +0.15% slipped 0.1% in morning trading Wednesday, after the rail and freight transportation services company lowered its 2021 guidance for volume growth, productivity and operating ratio improvement. The company said it now expects full-year volume growth of 4% over last year, compared with...
BlackBerry Ltd. BB, -2.16% late Wednesday projected annual revenue growth of 13% through fiscal 2027, hoping to be "approaching" breakeven adjusted per-share earnings in fiscal 2024. It anticipates to post a modest adjusted loss and be cash-flow negative in fiscal 2023 due to its investment plans, it said. The...
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...
Warren Buffett hasn't changed his tune on Federal Reserve Chairman Jerome Powell despite a surge in inflation. Buffett, the chairman and CEO of Berkshire Hathaway Inc. brka brkb, two years ago told shareholders that Powell belonged "on the pedestal" with former Fed chief Paul Volcker, for his quick response...