Rivian Automotive Inc. shares dropped more than 2% in the extended session Tuesday after a wider-than-expected quarterly loss for the EV maker overshadowed a revenue beat and a production outlook raise. Rivian RIVN, +2.14% lost $1.2 billion, or $1.89 a share, in the second quarter, compared with a loss of …
Devamını oku »Oil prices bounce back after dipping on China data disappointment
Oil futures ended higher Tuesday, shaking off losses seen earlier in the session after disappointing international trade data from China sparked worries over demand. Analysts tied the rebound to news reports that Saudi Arabia’s cabinet reaffirmed its support for production cuts by the Organization of the Petroleum Exporting Countries and …
Devamını oku »AMC could face bankruptcy risk if APE conversion fails, strikes drag: analyst
AMC Entertainment Holdings Inc. reported better-than-expected second-quarter results on Tuesday, but could face the risk of bankruptcy if its stock conversion battle fails and Hollywood strikes drag on for months, warns Wedbush analyst Alicia Reese. In its earnings release, AMC AMC, +0.32% said that the company currently has no AMC …
Devamını oku »Pence qualifies for first Republican debate: Here’s who else will be on stage.
Former Vice President Mike Pence has become the eighth, and perhaps final, candidate to qualify for the first Republican presidential primary debate, setting up a possible prime-time clash with Donald Trump. That face-off with Trump is not certain, however, because the former president has not yet confirmed whether he will …
Devamını oku »Bank ETFs head for worst day in 3 months after credit downgrades, warnings rattle sector
U.S.-listed exchange-traded funds that buy bank stocks fell on Tuesday, after Moody’s Investors Service late said it put a handful of major U.S. banks on review for a possible downgrade and lowered debt ratings on several small and midsize banks. The SPDR S&P Regional Banking ETF KRE, which tracks an …
Devamını oku »Under Armour ekes out profit instead of expected loss as revenue tops estimates
Under Armour Inc. blew past earnings estimates for its fiscal first quarter on Tuesday, posting a small profit instead of an expected loss, and said it was making no changes to the guidance provided in May. The Baltimore-based sporting-goods retailer said it had a net income of $8.549 million, or …
Devamını oku »A complicated options trade that has helped prop up U.S. stocks is starting to unravel
A complicated derivatives trade that may have helped power some of the U.S. stock market’s post-March rally is showing signs of unwinding, with potential consequences for the broader market, one veteran analyst warned Tuesday. Should it come completely unglued, the result could be nearly 500 points shaved off the S&P …
Devamını oku »Treasury yields slide as China growth fears drive investors into government debt
Two- through 30-year Treasury yields fell Tuesday morning after weak international trade data from China raised concerns about slowing global economic growth and encouraged buying of sovereign bonds. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was marginally lower at 4.754% versus 4.756% on Monday. The yield on the …
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