Top 5 things that moved markets this past week

Investing.com – Take a peek at the top 5 things that rocked U.S. markets this week. A new kid arrived on the cryptocurrency block Bitcoin’s blockchain – the digital ledger which records every bitcoin transaction – split into two at 08:20 ET Tuesday, in an event know as a ‘hard fo ...

Blue Apron steadies as company clarifies lay-off reports

Investing.com - Blue Apron Holdings Inc (NYSE:APRN) shares steadied in the after hours after the company clarified reports that the company is laying off 24% of its workforce. Shares tumbled during Friday's regular session following various reports that the closure of a facility in New Jersey woul ...

Dow, DuPont merger to close Aug. 31

Investing.com - The merger of equals betweenE I du Pont de Nemours & Co (NYSE:DD)and Dow Chemical Company (NYSE:DOW) will be completed after market close on August 31, according to an update released by the companies on Friday. The new company, DowDuPont, will begin trading on the New Yor ...

Dow, DuPont merger to close Aug. 31

Investing.com - The merger of equals betweenE I du Pont de Nemours & Co (NYSE:DD)and Dow Chemical Company (NYSE:DOW) will be completed after market close on August 31, according to an update released by the companies on Friday. The new company, DowDuPont, will begin trading on the New Yor ...

AMC Entertainment regroups as investors cheer buyback

On Friday, AMC Entertainment Holdings Inc (NYSE:AMC) shares recovered some of the sharp losses they experienced earlier in the week as the company warned that its second quarter results wouldn’t meet expectations. AMC issued this alert on Wednesday, and shares plunged 27% to a record low. But, on ...

Dow notches 8th-straight close on better-than-expected jobs report

Investing.com – The Dow closed at a record high for the eighth-straight session on Friday, buoyed by better-than-expected jobs data, fuelling risk appetite among investors. The U.S. economy added 209,000 jobs in July, ahead of forecasts of 183,000 new jobs while the unemployment rate wa ...

Hertz, Avis stock soar as JPMorgan initiates coverage

Investing.com - Hertz Global Holdings Inc (NYSE:HTZ) and Avis Budget Group Inc (NASDAQ:CAR), two companies whose share values have been deteriorating, experienced some welcome upside Friday afternoon as JPMorgan initiated coverage of the sector. In initiating coverage, JPMorgan (NYSE:JPM) analyst ...

Viacom’s stock tumbles as CEO forecasts revenue decline

Investing.com - Viacom Inc 's (NASDAQ:VIA) shares slipped on Friday, with investors looking past the company’s sold earnings report released after the closing bell on Thursday and focusing on management’s disappointing guidance on its quarterly conference call. Viacom’s third quarter revenue came in ...

Spectrum Pharmaceuticals sets 52-week record following earnings

Investing.com - Spectrum Pharmaceuticals Inc's (NASDAQ:SPPI) shares were rallying Friday on high trading volumes as the company released solid second quarter results. The biotechnology company that develops and commercializes oncology and hematology drug products saw its net loss narrow by abou ...

Wells Fargo says investigation could find more fake accounts

Investing.com - Shares of Wells Fargo & Company (NYSE:WFC) are retreating on Friday after the company filed with the Securities and Exchange Commission stating that a wider look into its sales practice issues could reveal a "significant increase in the identified number of potentiall ...

Crude oil posts weekly loss ahead of Opec meeting

Investing.com – Crude futures settled higher on Friday, capping off a volatile week which saw crude prices rise above $50 a barrel before pairing gains amid renewed concerns over Opec’s compliance with the deal to curb production. On the New York Mercantile Exchange crude futures for ...

Arista Networks soars to all-time high on earnings beat

Investing.com - Arista Networks (NYSE:ANET)s shares were surging on Friday after the company released its expectation topping second quarter results which attracted a slew of analyst upgrades. Afterhours Thursday, Arista reported second-quarter net income of $102.7 million, or $1.30 a share ...

Blue Apron’s struggles continue, company plans to cut 24% of workforce

Investing.com - Blue Apron Holdings Inc (NYSE:APRN) has been pummeled since its trading debut, and the company’s shares were taking another hit on Friday after is said it would cut up to 24% of its workforce as it closes a facility in New Jersey. According to a filing with the New Jersey ...

Bitcoin adds to gains as rival Bitcoin Cash crashes 40%

Investing.com – Bitcoin added to gains on Friday, as the novelty of its rival Bitcoin Cash wore off, halting fears that the newly created cryptocurrency would prize away market participants from bitcoin. On the U.S.-based Bitfinex exchange, bitcoin rose to $2,846.2, up $55.3 or 1.98%. Bitcoi ...

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