Pot producer Canopy raises going concern doubts, shares tumble
(Reuters) – Shares of Canada’s Canopy Growth (NASDAQ:CGC) fell 6.5% on Friday after the pot producer posted a wider quarterly…
Goldman Sachs faces big writedown on GreenSky deal – CNBC
(Reuters) -Goldman Sachs is likely to take a large write down for its $2.2 billion acquisition of fintech lender GreenSky…
Cathay Pacific sees first HY profit in 3 years on travel rebound
(Reuters) – Hong Kong’s Cathay Pacific Airways (OTC:CPCAY) on Friday forecast its first half-year profit in three years, buoyed by…
Needham & Company sees ‘positive sentiment shifts’ for Roku
Needham & Company analysts said Friday that there are positive sentiment shifts for Roku (NASDAQ:ROKU). The analysts, who have a…
U.S. stocks are falling after Powell’s hawkish rate outlook
U.S. stocks were falling on concerns about interest rates after Federal Reserve Chair Jerome Powell’s hawkish testimony to Congress this…
Oil resumes slide on demand worries after latest rate hikes
(Reuters) – Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK…
Rate worries, stalling economies cast pall over stock markets
(Reuters) – Wall Street was poised to broaden weaker global stocks on Friday on investor concerns over no end in…
CarMax beats profit estimates powered by cost-cuts; shares jump
(Reuters) – CarMax Inc (NYSE:KMX) on Friday posted a better-than-expected adjusted profit for the first quarter, benefiting from a series…
Futures fall as Powell’s hawkish stance dulls market spirits
(Reuters) – U.S. stock index futures fell on Friday as investor sentiment remained damp due to the hawkish interest-rate outlook…
Factbox-European companies cut jobs as economy sputters
(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring…