Silvergate Capital Corp. SI, -3.76% stock fell 7.5% in premarket trades Friday after the company said it is suspending dividends on its 5.375% fixed rate non-cumulative perpetual preferred stock, Series A, in order to preserve capital.  The company said it’s making the move to maintain a “highly liquid balance...
Share of Sleep Number Corp. SNBR, +3.11% rallied 3.4% in afternoon trading Friday, reversing an earlier intraday loss of as much as 11.8%, after the bed and mattress maker provided a downbeat 2022 profit outlook but updated its revenue outlook to be in line with expectations. The company also...
U.S. stocks opened mostly lower Friday as investors digested data from the Federal Reserve's preferred gauge showing signs of inflation slowing while personal spending last month fell. The Dow Jones Industrial Average DJIA, +0.08% opened slightly higher before dipping soon after the bell, while the S&P 500 SPX, +0.25%...
Oil futures gave up early gains on Friday to trade more than 1% lower, with U.S. prices falling below the key $80 a barrel mark on an intraday basis. Traders are “looking to book profits ahead of the end of month and taking a safe position” ahead of the...
The House of Representatives on Friday approved a bill that would limit drawdowns from the Strategic Petroleum Reserve. The measure passed 221-205, and ties nonemergency releases to a boost in federal lands leased to oil companies. President Joe Biden ordered releases from the reserve following the Russian invasion of...
Baker Hughes BKR, -1.57% on Friday reported that the number of active U.S. rigs drilling for oil fell by four to 609 this week. That followed a decline of 10 in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, was unchanged...
Gold futures finished Friday with a modest loss, but held onto a slight gain for the week — their sixth weekly gain in a row. “Gold has had a good run in the last few weeks benefitting from the downturn in the U.S. dollar,” said Colin Cieszynski, chief market...
Shares of Lucid Group Inc. LCID, +43.00% rocketed 62.7% in very active afternoon trading, paring an earlier intraday gain of as much as 97.8%, prior to its latest trading halt for volatility. The electric vehicle and battery pack maker’s stock was trading down on the day until just before...
Shares of Carvana Co. CVNA, +19.54% soared 20.8% in active afternoon trading Friday, enough to pace the New York Stock Exchange’s (NYSE) gainers list. Trading volume swelled to 28.6 million shares, already well above the full-day average of 18.6 million. The last press release from the online used car...
U.S. securities regulators are probing Tesla Inc. Chief Executive Elon Musk’s role in the EV maker’s self-driving car claims, Bloomberg reported Friday, citing a person familiar with the investigation. The review is part of the ongoing U.S. Securities and Exchange Commission’s investigation of Tesla’s Autopilot, the EV maker’s suite...