U.S. stock futures are sharply lower this morning as the 2-year Treasury yield inverted and moved higher than the 10-year yield.
Shares of Tilray was falling about 9% in premarket trading after the company reported a wider-than-expected loss. The cannabis producer did see revenue beat forecasts, and said the company would "potentially" be announcing new supply deals in the coming months.
RealReal had better-than-predicted losses in its first quarterly report since going public in late June. The online seller of secondhand luxury goods also saw revenue beat estimates. The stock was surging about 12% in the premarket this morning. Qualcomm named former Palo Alto Networks chairman and CEO Mark McLaughlin as Chairman, replacing Jeff Henderson. Former Cardinal Health CFO Henderson will remain on the board and continue to chair the chip maker's audit committee. Qualcomm shares were under some pressure.
Myriad Genetics fell short of forecasts of adjusted quarterly profit and revenue. The company cited lower than expected reimbursements for its expanded carrier screening test, but said it is more optimistic going forward. The stock was losing about a quarter of its value in premarket trading.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More trouble for Kraft Heinz: Its bonds could soon be rated junkThe problems facing Kraft Heinz are growing. The stock sank last week following a dismal earnings report. Now, credit ratings agency Fitch is warning that the company's bonds could get downgraded to junk status if things don't turn around.
Read more »
Stocks and Bonds Are Talking Past Each OtherThe yawning gap between markets is perplexing some investors, who say they struggle to discern how stocks can churn higher when bond yields are signaling a downturn may not be far off.
Read more »
Bonds meet these four criteria for being in a bubbleGerman bunds hit a record high and a fund manager survey shows the most bullish conditions in over a decade. Is it too much?
Read more »
Ebola bonds are wonky way to tackle pandemicsThe World Bank-backed instruments are meant to use private capital to fight disease in poor countries. But their rather random structures create weird incentives for both issuer and buyer. As a way to tackle outbreaks, it’s not obvious they’re better than more direct charity.
Read more »
Peso and bonds down again on fears of Argentina return to populismArgentina's peso and dollar-denominated bonds dropped again on Tuesday as m...
Read more »
States Rebuffed in Court Fight to Reclaim $25 Billion in Savings BondsAn appellate court handed a win to the federal government in a yearslong dispute over who can lay claim to $25 billion in matured, unredeemed U.S. savings bonds dating back to World War II.
Read more »