Norfolk Southern investigates CEO Alan Shaw over workplace relationship
Alan Shaw, CEO, Norfolk Southern Scott Mlyn | CNBC Norfolk Southern The board is investigating allegations that CEO Alan Shaw had an inappropriate relationship at work, according to three people familiar with the matter. The company confirmed late Sunday night…
Stocks with the biggest price movements after the market close: AVGO, DOCU, PATH
Check out the companies making headlines in after-hours trading: DocuSign – The e-signature software company rose nearly 1% after beating revenue and profit. DocuSign’s second-quarter adjusted earnings of 97 cents per share beat analysts’ expectations of 80 cents per share,…
Verizon (VZ) acquires Frontier Communications
Verizon said on Thursday it would buy Border communication in a cash deal valued at $20 billion as the U.S. wireless carrier looks to expand its fiber-optic network. Verizon offered $38.50 per share, a 37.3 percent premium to Frontier’s closing…
Two major tests will show whether last week’s excitement on the stock markets was justified
Wall Street is heading into a big week with two straight weekly gains and an overbought market, with Nvidia earnings and the latest readings on the Federal Reserve’s most popular inflation indicator due to be announced. Fed Chair Jerome Powell…
Stocks with the biggest price movements at midday: CAVA, INTU, ROST, WDAY
Check out these companies that made headlines in midday trading: Cava Group – The fast-casual restaurant chain’s shares rose more than 21% on better-than-expected quarterly results. Cava reported earnings of 17 cents per share on revenue of $233 million in…
Mynaric MYNA shares plummet after drastic cut in sales forecast and departure of CFO
A representation of the company’s laser communications system on orbiting satellites. Mynaric Space inventory Mynaric collapsed in trading on Tuesday after the company announced drastic cuts to its previous sales forecast and the departure of its chief financial officer. Germany-based…
Judge temporarily bans sports streamer Venu and sides with Fubo
A closeup view of a broadcast camera with the NFL crest and ESPN Monday Night Football logo is shown during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on December 20, 2021. Icon…
RKLB, BVNRY, HRB and more
Check out the companies making headlines in midday trading: Rocket Lab – The space company gained more than 16%, hitting a 52-week high, after it packed two Mars spacecraft and shipped them to Cape Canaveral, Florida, for launch. The two…
H&R Block, Applied Materials, Microchip, JD.com and more
Check out the companies making headlines before the market opens. Estee Lauder – The cosmetics company fell nearly 2% after Bank of America downgraded the stock, citing headwinds in the Chinese market. Slowing U.S. demand is also weighing on the…
These 3 retail stocks are the winners this back-to-school shopping season
Backpacks, Stanley water bottles and No. 2 pencils. This year’s back-to-school must-haves are a mix of new and (very) old. But the most important thing shoppers are looking for doesn’t appear on any lists: good deals. The stores that can…
