Text size Pedestrians walk past the entrance to Zendesk headquarters in San Francisco. David Paul Morris / Bloomberg Zendesk soared early Friday after The Wall Street Journal reported the provider of cloud-based customer-service software was in takeover talks with a group of buyout firms. Zendesk (ticker: ZEN) jumped more than 53% to $ 88.95 in … Read more
Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt / Getty Images Stock futures traded sharply higher Tuesday as investors returned from a three-day weekend feeling a bit more optimistic after last week’s steep selloff. Contracts linked to the Dow Jones Industrial Average rose 493 points, or 1.7%, to … Read more
Text size Revlon filed for bankruptcy earlier this week. Getty Images Revlon stock soared more than 53% in premarket trading Friday after a report said Indian conglomerate Reliance Industries (RIL.India) is considering buying the cosmetics maker after it filed for bankruptcy. The news was reported by Business channel ET Nowwhich cited unidentified sources. Revlon (ticker: … Read more
Text size Software giant Adobe’s light guidance overshadowed a strong fiscal-second-quarter report. Dreamstime Adobe stock is losing ground in late trading Thursday after the provider of software for creativity, marketing, and documents provided softer-than-expected guidance for both the August quarter and the full fiscal year ending in November. Adobe is feeling the effects of both … Read more
Inflation is stubbornly high and interest rates on savings accounts aren’t anywhere close to keeping pace. While the yield on a two-year Treasury is now 3.28%, up from just 0.17% a year ago, the average savings account is barely in positive territory at just 0.07%, according to personal-finance website Bankrate. For investors hanging onto cash, … Read more
Text size Wall Street Bull Dreamstime This past week was another brutal one for the markets. Investors had plenty to worry about from the Fed to inflation and retail sales. The Dow Jones Industrial Average lost 4.6% last week. It’s fallen 10 of the past 11 weeks and suffered its largest two-week percentage decline since … Read more