After the extended trading session ended, the Wall Street Journal reported that the company had received investor commitments to raise $225 million of equity capital initially, with the rest of the more than $1 billion offering coming later.
The Fed: Strong jobs report a sign Fed needs to do more to quell inflation, officials say
Two senior Fed officials said the bank still needs to raise interest rates higher to subdue inflation in the wake of a stunningly strong January jobs report.
: National Enquirer sold to venture led by former MoviePass executive
Former MoviePass CEO Ted Farnsworth is involved in the recent sale of tabloid The National Enquirer.
The Ratings Game: Nordstrom’s ‘poison pill’ and insider ownership limit activist investor’s options, analyst says
Last week’s report that activist investor Ryan Cohen was taking a large stake in Nordstrom Inc. sent the retailer’s stock rocketing.
Earnings Results: ‘Call of Duty’ boosts Activision sales as Microsoft acquisition stays in limbo
Activision Blizzard Inc.’s bookings beat expectations after launching the latest title in its blockbuster “Call of Duty” videogame series ahead of the holidays.
The Margin: How to bet on the Super Bowl legally: Everything you need to know about wagering on the big game
The Super Bowl is expected to reach a record $1.1 billion in total legal bets. Here’s a look at some of the odds, and where it’s legal to bet on the game.
Earnings Results: Pinterest’s stock tumbles on sales, earnings misses
Pinterest also announced its board of directors authorized a repurchase of up to $500 million of its Class A common stock over the next 12 months.
: ServiceNow CEO’s $25 million stock sale called ‘opportunistic’ as shares slide
Shares of ServiceNow Inc. fell in Monday trading after the company’s chief executive disclosed the sale of a sizable chunk of stock.
Key Words: Fed’s Powell delivered ‘most counterproductive press conference’ in memory: Larry Lindsey
Lawrence Lindsey, former Federal Reserve Governor and chief executive officer at The Lindsey Group, said the central bank’s benchmark interest rates are not restrictive enough to battle the highest price pressures in 40 years.
Cannabis Watch: Will $2 billion merger of Cresco and Columbia Care reach the finish line? Analysts see ‘market doubt’ for cannabis deal.
Cresco spokesperson says the cannabis company still plans to close acquisition of Columbia Care despite the uncertainty in the marketplace flagged by Viridian Capital.