NEW YORK (Reuters Breakingviews) - Federal Reserve Chair Jerome Powell has been too effective. His pledge to purchase corporate debt, including some with a junk credit rating, has boosted bond and equity prices since March, despite lousy economic projections. Backstoppin
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Shares of Fluidigm (NASDAQ: FLDM) soared on Wednesday after the biotechnology tools provider said its new saliva-based test for SARS‑CoV‑2 -- the virus that causes COVID-19 -- received emergency use authorization from the U.S. Food and Drug Administration (F
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Shares of Trine Acquisition Corp (NYSE: TRNE), a special purpose acquisition company, or SPAC, surged in early trading Wednesday and are now up 13.2% at 1 p.m. EDT after the company announced that it will purchase and take public additive manufacturer Desktop Metal
According to a report issued by the Federal Deposit Insurance Corporation (FDIC) on Tuesday, in Q2 the nation's lenders collectively experienced a 70% year-over-year drop in net profit to $18.8 billion.
On 8/28/20, Wells Fargo & Co's Non-Cumulative Perpetual Class A Preferred Stock, Series V (Symbol: WFC.PRV) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 9/15/20. As a percentage of WFC.PRV's recent share price of $25.75, this dividend works out
On 8/28/20, State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) will trade ex-dividend, for its quarterly dividend of $0.3343, payable on 9/15/20. As a percentage of STT.PRG's recent share price of $28.49, this div
On 8/28/20, State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: STT.PRD) will trade ex-dividend, for its quarterly dividend of $0.3687, payable on 9/15/20. As a percentage of STT.PRD's recent share price of $28.39, this divi
On 8/28/20, NextEra Energy Inc's Equity Units (Symbol: NEE.PRO) will trade ex-dividend, for its quarterly dividend of $0.609, payable on 9/1/20. As a percentage of NEE.PRO's recent share price of $55.42, this dividend works out to approximately 1.10%, so look for shares of NE
On 8/28/20, Air Lease Corp's 6.150% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (Symbol: AL.PRA) will trade ex-dividend, for its quarterly dividend of $0.3844, payable on 9/15/20. As a percentage of AL.PRA's recent share price of $23.37, this di
On 8/28/20, Banc Of California Inc's 7.000% Non-Cumulative Perpetual Preferred Stock, Series E (Symbol: BANC.PRE) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 9/15/20. As a percentage of BANC.PRE's recent share price of $25.58, this dividend works
What happened
Shares of Cryoport (NASDAQ: CYRX) are surging on Aug. 26, up 26.5% as of 11:54 a.m. EDT. Combined with yesterday's big gains, the cryobiological logistics company's shares have gained almost 40% in the past two days.
Investors have been excited about the Nasdaq Composite (NASDAQINDEX: ^IXIC) all year, and it has continued to press upward to new heights. Even as the coronavirus pandemic has put pressure on most companies, many of the tech innovators that make up much of the Nasdaq have been a
Palo Alto Networks (NYSE: PANW) just closed another fiscal year of high adjusted free cash flow margin and strong double-digit revenue growth. Management anticipates similar encouraging results next year -- but that means the upside potential of the cybersecurity specialist's st
Shares of Tesla (NASDAQ: TSLA) will soon start trading on a split-adjusted basis, making the stock more accessible to investors who weren't willing to shell out around $2,000 for a single share. On Monday, the electric-car maker's shares will begin trading on a 5-for-1 basis.
Back in 2008, Alibaba (NYSE: BABA) co-founder Jack Ma mocked China's video game market and declared his company "would rather starve to death than live on games." Ma reiterated that stance two years later, declaring Alibaba wouldn't invest a single "penny" in video games.
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Shares of Dick's Sporting Goods (NYSE: DKS) were going up on Wednesday after the company reported results for the second quarter of its fiscal 2021. The company beat analyst expectations on the top and bottom lines, and investors loved it. As of 12 p.m. EDT, the s
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The stock market was having a relatively flat day on Wednesday, with both the Dow Jones Industrial Average and the S&P 500 benchmark index hovering around neutral for much of the morning. But the Nasdaq was significantly higher, led by strong gains from several
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The stock market was having a so-so day on Tuesday, with most major indexes hovering near the flatline throughout most of the morning. However, pet insurance provider Trupanion (NASDAQ: TRUP) was a major exception -- as of 11 a.m. EDT, the stock was higher by more
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Shares of BigCommerce (NASDAQ: BIGC) surged on Wednesday, with the e-commerce software-as-a-service stock apparently still benefiting from recent Facebook-related news. On Tuesday, BigCommerce unveiled an Instagram integration, allowing users of the social media ap