COMPASS Pathways plc (NASDAQ:CMPS), a pharmaceutical company specializing in the development of psychedelic-based therapies, has seen a significant transaction from one of its directors. George Jay Goldsmith, who also holds a more than ten percent ownership stake in the company, has sold a substantial number of ordinary shares. According to recent filings, Goldsmith executed multiple...
First Community Corp. (FCCO), the holding company for First Community Bank, reported Wednesday that net income for the first quarter declined to $2.60 million or $0.34 per share from $3.46 million or $0.45 per share in the prior-year quarter. Total net revenue for the quarter increased to $15.25 million, including $12.07 million of net interest...
European stocks are seen opening broadly lower on Friday, though commodity-related stocks may rise after data showed the U.S. economy expanded at a faster-than-expected pace in the second quarter. The July Personal Consumption Expenditures report along with separate reports on Chicago-area business activity and consumer sentiment will be in the spotlight later today, heading into...
On Wednesday, Jefferies, a well-known financial services company, increased its price target for Analog Devices (NASDAQ:ADI) shares, moving the target from $212.00 to $224.00. The firm maintained a Buy rating on the stock, expressing confidence in the company\'s future performance. The revision follows Analog Devices\' recent financial results, which showed a modest revenue beat of...
By Lewis Jackson SYDNEY (Reuters) - Volkswagen (ETR:VOWG_p) Australia said on Monday it had quit the policymaking committee at the country\'s auto lobby, days after Tesla (NASDAQ:TSLA) cut ties with the group, as the German carmaker distances itself from a campaign against new fuel standards. In a letter sent to other members of the Federal...
Asian stocks ended mixed in a holiday-shortened week on Wednesday, with Chinese and Hong Kong markets leading regional losses on growth worries while Japanese stocks rallied on yen weakness amid dovish BOJ talk. The dollar held steady as investors awaited more signals from U.S. inflation data and Fed Chair Jerome Powell\'s speech due later in...
European stocks are seen opening broadly higher on Wednesday amid inflation and rate cut optimism. After a measure of U.S. producer price inflation rose less than expected in July, investors now looked forward to the release of U.S. CPI data later in the day for further confirmation that the underlying inflation pulse in the worlds...
The Malaysia stock market has moved lower in three straight sessions, dropping more than 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,630-point plateau although it may find support on Monday. The global forecast for the Asian markets is upbeat following the release of strong...
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a modest slowdown in the pace of growth in regional manufacturing activity in the month of March. The Philly Fed said its diffusion index for current general activity slipped to 3.2 in March from 5.2 in February, although a positive reading still indicates...
The Singapore stock market has finished higher in two straight sessions, collecting more than 20 points or 0.7 percent along the way. The Straits Times Index now sits just above the 3,160-point plateau although it may spin its wheels on Thursday. The global forecast is mixed and flat amid a lack of catalysts, with expected...