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Live Nation Floating $1.2 Billion in Fresh Debt

6 years 5 months ago
Live Nation Entertainment (NYSE: LYV) is shoring up its capital base with a new issue of debt. The company announced Wednesday that it is floating $1.2 million in aggregate principal amount of senior secured notes. These mature in 2027, and will be issued in a private placement
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Here's Why Allogene Therapeutics Is Roaring Higher Today

6 years 5 months ago
What happened Shares of Allogene Therapeutics (NASDAQ: ALLO) gained over 33% in early trading Thursday after the company reported preliminary data from a phase 1 clinical trial. The results will be featured in an abstract to be presented at the American Society of Clinical Oncol
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How Kroger Hired 100,000 More Employees During the Pandemic

6 years 5 months ago
Grocery and drugstore giant Kroger (NYSE: KR) described today how it added in excess of 100,000 new workers to its payroll over the past eight weeks, absorbing thousands of people laid off from other companies as the COVID-19 pandemic pummeled the U.S. economy. According to its
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Why Shares of Tanger Factory Outlet Centers Nose-Dived Early Thursday

6 years 5 months ago
What happened Shares of Tanger Factory Outlet Centers (NYSE: SKT), a real estate investment trust (REIT), fell roughly 10% in early trading on Thursday. The drop coincided with a market swoon on economic concerns and broader declines within the mall REIT space. But Tanger's fall
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Why Cintas Stock Jumped Today

6 years 5 months ago
What happened Shares of Cintas (NASDAQ: CTAS) were trading 10.2% higher at noon, EDT. The provider of corporate uniforms, cleaning services, and worker safety measures held a call on Wednesday to update investors on the business impact of the COVID-19 pandemic. Analysts walked a
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City of London curbs cars to aid social distancing

6 years 5 months ago
London's "Square Mile" financial district said it will close some streets to cars to create more space for pedestrians and cyclists so that workers can observe social distancing when the coronavirus lockdown is lifted.
Reuters

Thursday's ETF with Unusual Volume: CZA

6 years 5 months ago
The ETF is seeing unusually high volume in afternoon trading Thursday, with over 83,000 shares traded versus three month average volume of about 33,000. Shares of CZA were off about 1.2% on the day.
BNK Invest

Thursday's ETF Movers: GDX, XAR

6 years 5 months ago
In trading on Thursday, the Gold Miners ETF is outperforming other ETFs, up about 3.3% on the day. Components of that ETF showing particular strength include shares of Harmony Gold Mining, up about 8% and shares of Coeur Mining, up about 7.2% on the day.
BNK Invest

Thursday Sector Laggards: Defense, Grocery & Drug Stores

6 years 5 months ago
In trading on Thursday, defense shares were relative laggards, down on the day by about 2.9%. Helping drag down the group were shares of Kratos Defense & Security Solutions, off about 4.6% and shares of Northrop Grumman off about 3.6% on the day.
BNK Invest

Here's Who Could Finally Get a Stimulus Check

6 years 5 months ago
People around the world are struggling from the coronavirus pandemic, and not just from its potentially lethal health effects. The need to shut down big swaths of the global economy to fight the virus has caused unprecedented disruptions to the economy, and governments around th
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