J.M. Smucker Co.’s sales rise 17% with boost from Hostess acquisition
J.M. Smucker Co.’s stock SJM was up 6.5% in premarket trading on Tuesday after the food giant said its Hostess acquisition helped boost its revenue by 17% during a “strong” second quarter performance ...
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Weight-loss stocks get a boost from new Biden proposal on drug coverage, but will it hold up?
The stocks of companies that make the new class of drugs to treat obesity and manage diabetes were higher across the board early Tuesday, after the Biden administration proposed a rule that would ...
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Big Rock Brewery Wins Three-Year Beverage Supply Contract
Big Rock Brewery signed a new three-year agreement with a strategic partner to provide ready-to-drink and beer beverages. The Calgary, Alberta-based brewer didn't identify the partner but Tuesday said ...
Burlington Stores 3Q Revenue Surges, 4Q Outlook Signals Offerings Resonating Ahead of Holidays
Burlington guided for sales to increase between 5% and 7% in the fourth quarter. It also expects adjusted earnings per-share in the range of $3.55 to $3.75. Analysts polled by FactSet had expected ...
Dick’s Sporting Goods’ stock soars 7% after earnings beat and raised guidance
Dick’s Sporting Goods Inc.’s stock DKS rose 7% premarket Tuesday, after the retailer beat estimates for the third quarter and raised its guidance. The Pittsburgh-based company posted net income of ...
Medicaid is crucially important to older Americans, but can it handle a rapidly aging population?
In the case of older Americans, that source of cash benefits was — and remains — the Supplemental Security Income (SSI) ...
Trump’s labor-secretary pick backs unions, but here’s why they aren’t celebrating just yet
While President-elect Donald Trump has tapped pro-union Rep. Lori Chavez-DeRemer to serve as secretary of his Labor ...
Zoom shares retreat after earnings, and other movers
Zoom Video Communications shares are down 7% in premarket action after forecast-beating earnings and outlook could sti ...
Burlington’s stock falls as warm weather hurts its coat sales
Burlington Stores Inc.’s stock BURL was down 4.8% in premarket trading on Tuesday after the clothing retailer said warm weather hurt its coat sales and it said it will fall short Wall Street analyst ...
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Poseida Therapeutics Shares Triple on Roche Acquisition Worth Up to $1.5B
Shares of Poseida Therapeutics tripled after the company agreed to be acquired by Roche in a deal worth up to $1.5 billion. The stock was changing hands at $9.21 in premarket trading on Tuesday.
There’s more room for risk assets to rally — focus on policy, not politics, HSBC says
Investors should focus on the backdrop for Wall Street and not fret about the day-to-day goings on in Washington DC. Investors’ hopes that president-elect Donald Trump’s nomination of Scott Bessent as ...
Rivian Automotive Shares Rise 7% on $6.6B Loan to Expand EV Production
Shares of Rivian Automotive shares were 7% higher in premarket trading after receiving conditional approval for a loan of up to $6.6 billion to boost its EV production capability. Shares were trading ...