Shares of National CineMedia Inc. have more than quadrupled in two days, as Wall Street appeared to shrug off the in-theater advertising company’s bankruptcy filing, and focused instead on the upbeat revenue outlook. “Despite a difficult advertising environment and a still-recovering box office, NCM [National CineMedia] is well-positioned within the…
Cutera Inc., a Brisbane, Calif.-based provider of equipment for beauty treatments such as body sculpting, fired its executive chair Daniel Plants and its chief executive David Mowry for cause on Wednesday in a dispute about the company’s CEO succession plan. The news sent the stock CUTR down 27% to put…
U.S. stock indexes finished lower in choppy trade on Wednesday after minutes from the Federal Reserve’s March policy meeting showed policymakers agreed that the stress in the banking sector would slow U.S. economic growth. Investors also assessed a March consumer price index report which shows inflation slowing, though still elevated.…
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U.S. yields finished mostly higher on Tuesday, with 2- and 10-year Treasury rates advancing for a fourth consecutive session, as traders awaited the March consumer-price index report on Wednesday. What happenedWhat drove markets U.S. bond yields were initially softer on Tuesday after data from China showed consumer inflation falling.Rates turned…
South Carolina women’s basketball head coach Dawn Staley earned a shot to help her team defend its national title after beating Maryland in the Greenville Regional 1 final on Monday night. In October 2021, Staley, who earned a third straight trip to the Final Four, inked a seven-year, $22.4 million…
Investors, traders and analysts are weighing the potential ramifications of a slowing U.S. economy on the rest of the world, with some concluding that a less dollar-friendly environment is in store.Of the two potential scenarios foreseen by strategists at TD Securities TD — one in which the U.S. pulls down…
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BlackRock has upped its overweight of inflation-linked bonds, a move the giant asset manager said it made in March to “quickly take advantage” of the market pricing in a lower cost of living despite persistent price pressures. Last month bond yields dropped after the sudden failure of Silicon Valley Bank…