These are the stocks posting the largest moves in premarket trading.These are the stocks posting the largest moves in premarket trading. Check out the companies making headlines before the bell. Robinhood — The digital trading platform rallied 13% after reporting stronger-than-expected revenue for the fourth quarter. Robinhood posted $1.01 billion in the period, coming above the LSEG consensus estimate of $944.6 million. MGM Resorts — The resorts and casinos stock jumped nearly 10%. The company posted $4.35 billion in revenue for the fourth quarter Analysts polled by LSEG expected a top line of $4.27 billion. Reddit — Shares tumbled 8% after…
Author: MAK Gojar
U.S. investors and large pharmaceutical companies are increasingly doing deals in China as the country’s biopharma sector transforms.U.S. investors and large pharmaceutical companies are increasingly doing deals in China as the country’s biopharma sector transforms. A worker is working on a drug production line at the production workshop of a pharmaceutical company in Meishan, China, on January 30, 2024. Nurphoto | Nurphoto | Getty Images A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an “unprecedented” achievement: its experimental cancer drug looked more effective than Merck’s Keytruda in a clinical trial. The company, Summit Therapeutics, licensed…
OpenAI was initially founded as a nonprofit in 2015, and later converted to a “capped profit” model in 2019.OpenAI was initially founded as a nonprofit in 2015, and later converted to a “capped profit” model in 2019. Dado Ruvic | Reuters Elon Musk will withdraw his $97.4 billion bid for OpenAI’s non-profit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing. “If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,”…
Stock futures were slightly higher Thursday as traders awaited more inflation stats while global trade fears lingered.Stock futures were slightly higher Thursday as traders awaited more inflation stats while global trade fears lingered. Traders work on the floor of the New York Stock Exchange on Feb. 4, 2025. NYSE Stock futures were slightly higher Thursday as traders awaited more inflation stats while global trade fears lingered. Futures tied to the S&P 500 rose 0.1%, while Nasdaq 100 futures added 0.2%. Dow Jones Industrial Average futures advanced 48 points, or 0.1%. The January producer price index is due for release at…
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The penalties and fees add up for tax protesters, with little impact to show for it.The penalties and fees add up for tax protesters, with little impact to show for it. The penalties and fees add up for tax protesters, with little impact to show for it.
Oil futures fell Thursday morning, on track for back-to-back losses a day after President Trump said he and President Vladimir Putin of Russia had agreed to begin talks toward ending the war in Ukraine.Oil futures fell Thursday morning, on track for back-to-back losses a day after President Trump said he and President Vladimir Putin of Russia had agreed to begin talks toward ending the war in Ukraine. Oil futures fell Thursday morning, on track for back-to-back losses a day after President Trump said he and President Vladimir Putin of Russia had agreed to begin talks toward ending the war in Ukraine.
Big cuts in the federal deficit will almost certainly lead to a large reduction in corporate profits.Big cuts in the federal deficit will almost certainly lead to a large reduction in corporate profits. Big cuts in the federal deficit will almost certainly lead to a large reduction in corporate profits.
“Tail risk” — uncertainty over inflation, tariffs, political chaos and other unknowns — could trigger a chaotic market downturn.“Tail risk” — uncertainty over inflation, tariffs, political chaos and other unknowns — could trigger a chaotic market downturn. “Tail risk” — uncertainty over inflation, tariffs, political chaos and other unknowns — could trigger a chaotic market downturn.
Fast-food chain Wendy’s posted better-than-expected fourth-quarter earnings and ended six quarters of same-restaurant sales shortfalls, offsetting soft guidance for 2025.Fast-food chain Wendy’s posted better-than-expected fourth-quarter earnings and ended six quarters of same-restaurant sales shortfalls, offsetting soft guidance for 2025. Fast-food chain Wendy’s posted better-than-expected fourth-quarter earnings and ended six quarters of same-restaurant sales shortfalls, offsetting soft guidance for 2025.
Crocs-branded footwear is expected to grow 4.5% in 2025, but sales of its smaller HeyDude line could be down as much as 9%.Crocs-branded footwear is expected to grow 4.5% in 2025, but sales of its smaller HeyDude line could be down as much as 9%. Crocs-branded footwear is expected to grow 4.5% in 2025, but sales of its smaller HeyDude line could be down as much as 9%.