Pinterest (NYSE: PINS) had its best-ever day on the stock exchange Friday, zooming near an all-time high on the back of the company's latest quarterly figures.
What happened
Shares of Sorrento Therapeutics (NASDAQ: SRNE) rose on Friday, furthering the biopharmaceutical company's gains since it disclosed a licensing deal for an innovative new COVID-19 test. By the close of trading, Sorrento's stock was up 4.3% after rising as much as 2
Brazil's central bank has authorized testing of payments via Facebook Inc's messaging service WhatsApp in the country, Visa Inc and Mastercard Inc said on Friday, easing an outright ban on the service imposed last month.
Dunkin' Brands (NASDAQ: DNKN) intends to shutter approximately 800 of its locations permanently in 2020, targeting those with low sales volume to streamline its expenditures and operations. The news was announced as part of yesterday's earnings release, in which Dunkin' announce
Consumer stocks turned mixed this afternoon, with the SPDR Consumer Staples Select Sector ETF Friday declining 0.7% while the SPDR Consumer Discretionary Select Sector ETF was posting a 0.2% gain, reversing a narrow retreat earlier Friday.
What happened
Shares of Chinese electric-vehicle maker Kandi Technologies (NASDAQ: KNDI) were trading lower on Friday afternoon, two days after a surprise rally that more than doubled its share price.
Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) have both submitted proposals to supply Canada's next-generation fighter, the latest step in a lucrative competition that has been beset by delays, political uncertainty, and international trade battles.
Oil supermajor Chevron (NYSE: CVX) announced a quarterly loss of $8.3 billion, or $4.44 per share on Friday. That set the record for its biggest quarterly loss since its 2001 merger with Texaco, surpassing Q4 2019's $6.6 billion ($3.51 per share) loss.
Seagate's (NASDAQ: STX) stock recently tumbled after the hard drive maker's fourth-quarter numbers missed Wall Street's expectations. Its revenue rose 6% year over year to $2.52 billion, but missed estimates by $100 million. Its adjusted net income increased 17% to $311 million,
What happened
Shares of online-education enabler 2U (NASDAQ: TWOU) were up nicely on Friday, after the company reported results for the second quarter of 2020 that exceeded Wall Street's expectations. As of 3 p.m. EDT, the stock was up 7% for the session.
What happened
Shares of Spartan Energy Acquisition (NYSE: SPAQ), a special-purpose acquisition company (SPAC) that has agreed to merge with electric-vehicle start-up Fisker, were trading lower on Friday after Fisker reported a potential snag in its plan to put its electric SUV i