(Reuters) -Arkhouse Management, a real-estate-focused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy\'s after the department store chain rebuffed their prior proposal as too low. The firms are now offering to acquire Macy\'s stock they don\'t already own for $24 per share, about 14% more than its...
-- U.S. stock index futures moved little in late-evening deals on Sunday, with a record-high rally now showing some signs of cooling in anticipation of more cues on monetary policy and fresh developments in the Presidential Election. S&P 500 Futures fell 0.1% to 5,141.75 points, while Nasdaq 100 Futures steadied at 18,340.50 points by 18:53...
-- Japan’s benchmark Nikkei 225 index surged past a key level in early trade on Monday, extending a technology-driven rally, while positive economic readings also helped improve sentiment towards the economy and over the Bank of Japan. The Nikkei 225 rose as much as 0.8% to a record high of 40,308.0 points, crossing the 40,000...
By Jaiveer Shekhawat (Reuters) -U.S. brokerage firm B. Riley said on Thursday it was exploring strategic options for some of its businesses, which could include a potential sale, sending its shares plunging 14% in extended trading. The company is seeking options for its appraisal and valuation services, retail, wholesale and industrial solutions businesses. It said...
By Chuck Mikolajczak and Noel Randewich NEW YORK (Reuters) -The S&P 500 and Nasdaq closed at record highs on Thursday, buoyed by tech stocks linked to AI, while inflation data and comments from Federal Reserve officials helped shape expectations for the timing of the central bank\'s interest rate cuts. Heavyweight chipmaker Nvidia (NASDAQ:NVDA) advanced 2.08%...
- Autodesk (NASDAQ: ADSK) reported fourth quarter EPS of $2.09, $0.14 better than the analyst estimate of $1.95. Revenue for the quarter came in at $1.47B versus the consensus estimate of $1.43B. Autodesk\'s stock price closed at $258.17. It is up 14.78% in the last 3 months and up 28.36% in the last 12 months....
- NetApp (NASDAQ: NTAP) reported third quarter EPS of $1.94, $0.25 better than the analyst estimate of $1.69. Revenue for the quarter came in at $1.61B versus the consensus estimate of $1.59B. NetApp\'s stock price closed at $89.12. It is down -2.37% in the last 3 months and up 36.81% in the last 12 months....
-- US stock futures fell in evening deals on Thursday after Wall Street notched strong gains during the session, as some signs of cooling inflation drummed up optimism over falling interest rates in 2024. PCE price index data- the Federal Reserve’s preferred inflation gauge- eased slightly in January, as expected. The print spurred some bets...
CAPE CANAVERAL - Sidus Space, Inc. (NASDAQ: SIDU), a Space and Data-as-a-Service company, has announced a public offering of 1,321,000 shares of its Class A common stock at a price of $6.00 per share. The offering aims to raise approximately $7.9 million before deductions for underwriting discounts and offering expenses. The company has expressed its...
By Svea Herbst-Bayliss (Reuters) - Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp (NASDAQ:SBUX), recommending investors elect all of management\'s directors in a board fight over worker pay and the coffee chain\'s stock price. Late last year the Strategic Organizing Center (SOC), a coalition of North American labor...