Thursday’s Top Analyst Upgrades and Downgrades: Carvana, CrowdStrike, Foot Locker, Rivian, Shopify, UnitedHealth and More

The futures were mixed Thursday after Federal Reserve Chair Powell delivered a speech and commentary at the Brooking Institute Wednesday that was pretty much in line with the recent hawkish commentary. While he indicated that rate hikes may be lower in the future, the terminal rate, or ending point for rate hikes, now appears to be locked onto the 5.00% […]

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Five Below gains, Salesforce change, jobless claims and more: Thursday's 5 things to know

video Fed’s ‘moderating stance’ sent positive market message: Teddy Weisberg Seaport Securities founder Teddy Weisberg and former Federal Reserve Governor Larry Meyer react to Fed Chair Jerome Powell signaling smaller rate hikes could start in December on ‘The Claman Countdown.’ Here are the key events taking place on Thursday that could impact trading. FIVE BELOW GAINS: Shares rose 8% in […]

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Valneva, Pfizer Report 6-Month Antibody Persistence Data For Lyme Disease Vaccine Candidate

Pfizer Inc. (PFE) and Valneva SE (VALN) reported Thursday six-month antibody persistence data for Lyme disease vaccine candidate VLA15 in both children and adults. VLA15 is the only vaccine candidate currently in clinical development for Lyme disease, a systemic infection caused by Borrelia burgdorferi bacteria transmitted to humans by infected Ixodes ticks. The companies noted that this is the first […]

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Cryptolender BlockFi follows FTX into bankruptcy

video FTX meltdown could grind crypto investment to a halt: Ann Berry Threadneedle Ventures founder Ann Berry and Thru the Cycle founder John Lonski discuss how the financial collapse of FTX could ripple through the U.S. economy on ‘Cavuto: Coast to Coast.’ Another cryptocurrency exchange has filed for bankruptcy. BlockFi and eight affiliates filed for bankruptcy protection in New Jersey, […]

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FTX bankruptcy unique, losses hard to determine: Ken Feinberg

video Mark Mahaney on FTX collapse: ‘Seems that there’s a fair amount of malfeasance involved’ Evercore ISI Senior Managing Director Mark Mahaney joins ‘Mornings with Maria’ to discuss job cuts in the tech industry, the collapse of FTX and its impact to the crypto industry, and provides an outlook on streaming services. The implosion of Sam Bankman-Fried’s FTX is even […]

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Earnings Previews: CrowdStrike, Hewlett Packard Enterprise

The three major U.S. equity indexes closed mixed on Friday. The Dow Jones industrials ended the day up 0.45%, while the S&P 500 closed 0.03% lower and the Nasdaq was down 0.52%. Seven of 11 sectors closed higher, with real estate (0.64%) and utilities (0.63%) posting the biggest gains. Communication services (−0.70%) and tech (−0.67%) lagged. In early trading Monday, […]

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Azurite Trims Invacare Stake after Inadvertently Passing 10% Ownership Trigger

Fintel reports that Rosen Steven H and his Azurite Management LLC filed a 13D/A form with the SEC disclosing ownership of 3,665,233 shares of Invacare Corporation (IVC). This represents 9.7% of the company. Rosen said the firm sold the shares after inadvertently passing above 10% company ownership, and it wants to stay below that level, which triggered more intensive financial reporting. In […]

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