Shares of the traditional Chinese medicine company fell over 77% after it announced a registered direct offering expected to raise $9 million, causing significant dilution for existing shareholders.
StandardAero Inc. stock climbed in premarket trading after the company was chosen by GE Aerospace to build and maintain engines for the UK Ministry of Defence's new helicopter fleet.
Ameriprise Financial reported a higher second-quarter profit of $1.11 billion, as a rally in financial markets boosted its total assets under management and drove an 18% increase in advisory fee income.
Major US indexes fell at Thursday's open, pressured by investor concerns over rising AI-related capital expenditures from Big Tech and a sharp increase in oil prices amid escalating Middle East tensions.
Shares of the life sciences company surged after it reported second-quarter results that beat analyst estimates and raised its full-year outlook, alleviating fears of a broader industry slowdown.
The investment firm highlighted Alphabet's AI-driven cloud market share gains and Reddit's strong advertising growth and data licensing potential as key drivers for the upgrades.
According to a Goldman Sachs report, U.S. household wealth is now more concentrated in equities than real estate for the first time since World War II, driven by significant stock market gains. This shift increases the impact of market performance on consumer spending but also elevates risks.
Shutterstock Inc. stock fell nearly 8% on Thursday after the company disclosed that Chief Accounting Officer Steven Ciardiello plans to resign. The executive departure overshadowed the recent launch of a new unlimited subscription service.
RBC Capital Markets lowered its rating on Vår Energi to 'sector perform,' citing increased balance sheet risk and strategic dilution from the Norwegian oil producer's $1.3 billion acquisition of BlueNord.
