US stocks mixed after key PCE inflation data; DJIA soars over 200 points
U.S. stock futures traded in a mixed fashion Thursday, as a largely positive month comes to a close with investors…
Crude rises; Market awaits OPEC+ decision
Oil prices climbed higher Thursday as a group of top producers met to discuss potential further output reductions to support…
Kroger trims annual sales view on choppy grocery demand, lower prices
(Reuters) – Kroger on Thursday cut its annual sales forecast, pinched by moderating food and grocery prices at a time…
Mercedes-Benz teams with BMW to expand EV charging in China
German automaker, Mercedes-Benz disclosed Thursday its successful negotiation with BMW to establish a collaborative partnership to focus on a robust…
Citi veterans embark on new roles amid corporate reshuffle
Two long-serving Citi executives have embarked on new endeavors as the banking giant undergoes a significant corporate reshuffle. Stuart Riley,…
Immunogen shares surge on news of takeover by AbbVie
AbbVie (NYSE:ABBV) announced Thursday that it will acquire Immunogen (IMGN) and its flagship cancer therapy, Elahere, in a deal worth…
Ford Motor stock pops on reinstated outlook, new UAW deal expected to cost $8.8 billion
Ford (NYSE:F) has reinstated its 2023 financial guidance, still anticipating adjusted Ebit in the range of $10.0 billion to $10.5…
Gold prices pause near 7-mth high with PCE inflation data in focus
Gold prices fell slightly on Thursday as a recent rally in the yellow metal appeared to have paused, as markets…
Pure Storage plunges 17% on soft outlook; Analysts see further multiple compression
Pure Storage (NYSE:PSTG) reported its Q3 results, with EPS of $0.50 coming in better than the consensus estimate of $0.40.…
Vista Outdoor rejects Colt CZ’s merger offer
(Reuters) – U.S. sporting and outdoor products group Vista Outdoor (NYSE:VSTO)’s has rejected a cash-and-stock merger offer from Czech gunmaker…