Brokers & Exchanges
Shares of GAIN Capital Holdings are Falling Today and This is Why
On August 16, after the market closed, GAIN Capital (NYSE:$GCAP) announced that it plans to offer $80 million of 5.00% convertible senior notes. With this, purchasers have the option to buy an additional $12 million ... [Read]
Online Media
Phoenix New Media Limited Posted Strong Second-Quarter Results; Stock Closed Up 37.6%
If you’re interested in online media investing, you’re going to get a kick out of today’s news. On Wednesday, Phoenix New Media Limited (NYSE:$FENG) shares soared after reporting strong second-quarter results. It’s not a surprise ... [Read]
Financial
Trump Terminates Two Advisory Councils
After a number of CEOs stepped down from their positions in President Donald Trump’s advisory councils this week, Trump unexpectedly dissolved the manufacturing council and strategy & policy forum on Wednesday after his stunning response ... [Read]
Basic Materials
Cliffs Natural Resources Goes Back to Cleveland-Cliffs Inc.
For those who missed it, Cliffs Natural Resources, Inc. (NYSE:$CLF) announced yesterday that it has decided to change its name back to its historical moniker, Cleveland-Cliffs, Inc. Headquartered in Cleveland, Ohio, Cliffs Natural Resources has ... [Read]
Financial
Trump Just Had Another Executive Resign From His Manufacturing Council
AFL-CIO President Richard Trumka stepped down from his position in President Donald Trump’s manufacturing council today. Why is this important? Well, for starters, Trumka is now the fifth executive to quit the council in a ... [Read]
Consumer
Blue Apron Holding Stock Increased Today
On Tuesday, shares of Blue Apron Holding (NYSE:$APRN) started to recover from last week’s earnings report, which flashed numerous red flags. The market is now closed, and Blue Apron closed up 5.4%. The recovery was ... [Read]
Semiconductors
Photronics Shares Plunge After Steeper-Than-Expected Revenue Decline in Q3
Are you interested in the semiconductor industry? If so, pay close attention to the following: On Tuesday, after Photronics (NASDAQ:$PLAB) reported Q3 results and news that the CFO was retiring, shares of the photo mask ... [Read]
Financial
Trump Says Both Left and Right-Wing Groups Used Force in Charlottesville
On Tuesday, President Trump insisted that both left and right-wing groups used force in the aftermath of a white supremacist rally. Additionally, he stated that all of the facts about the street clashes in Charlottesville, ... [Read]
Communications
Extreme Networks Stock Soared After Posting Fantastic Fourth Quarter Results
Late Monday night, Extreme Networks (NASDAQ:$EXTR) posted a fantastic fourth quarter report, which surpassed Wall Street estimates. In response to the good news, the California-based company’s shares increased more than 15% in Tuesday’s trading. However, ... [Read]
Consumer
J.C. Penney on Track to Close at a Third-Straight Record Low
On Tuesday, in morning trade, J.C. Penney (NYSE:$JCP) shares fell 3.9%. This puts them on the verge of closing at a third-straight record low since the Texas-based company posted a wider-than-expected second-quarter loss. Now, the ... [Read]