These are the stocks posting the largest moves in premarket trading.
Schlagwort-Archiv: Markets
Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
Moody’s on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.
Italian bank shares slide after government surprises with windfall tax
Italian banking shares took a beating on Tuesday after Italy’s cabinet surprised with a 40% windfall tax on lenders‘ „excess“ profits in 2023.
Novavax shares jump after Covid vaccine maker posts surprise quarterly profit
Novavax is working to strengthen its financial position after it raised doubts about its ability to stay in business earlier this year.
Restaurant Brands‘ sales rise, fueled by Burger King and Tim Hortons growth
Burger King and Tim Hortons both reported double-digit same-store sales growth.
Eli Lilly raises full-year guidance as Mounjaro, other drugs drive second-quarter profit up 85%
Eli Lilly’s stock has been on a tear, driven by positive trial results for its Alzheimer’s drug and progress with its promising obesity drug pipeline.
SoftBank posts surprise loss even as Vision Fund back in black after five quarters
SoftBank surprised the market with a loss in the first quarter, though its Vision Fund booked a $1.1 billion gain on investments — its first in five quarters.
Space company Redwire trims quarterly losses, builds order backlog past $270 million
Space infrastructure company Redwire reported second-quarter results Monday, as it nearly erased its net losses.
PayPal launches first dollar-backed stablecoin from a major U.S. financial institution
PayPal on Monday launched a U.S. dollar-backed stablecoin to help facilitate payments as its latest addition to its suite of crypto services.
Berkshire Hathaway rises as investors cheer strong earnings and Buffett’s near-record cash stockpile
Berkshire’s solid performance in insurance helped offset the softness in railroad due to lower volumes.