Tag Archives: Stock

Shares of Limelight Networks Inc. LLNW, +13.03% rallied 6.7% in premarket trading Monday, after the content delivery services provider announced a deal to buy Yahoo’s Edgecast Inc., a provider of security, content delivery and video services, in a stock deal that values Edgecast at about $300 million. Yahoo, which owns Edgecast, is owned by Verizon Communications Inc. VZ, -0.90% and funds managed by affiliates of Apollo Global… Source link

By Colin Kellaher Limelight Networks Inc. on Monday said it agreed to buy Yahoo’s Edgecast Inc. unit in an all-stock deal that values the provider of edge security, content delivery and video services at about $300 million. Limelight said it will issue about 72.2 million shares to Yahoo, majority owned by private-equity firm Apollo Global Management Inc., resulting in Yahoo owning about 31.9% of the combined company at closing. Apollo bought Yahoo last year for $5… Source link

Stock futures opened higher Thursday evening as investors awaited a key update on the labor market’s recovery and continued to monitor for global economic fallout from Russia’s war in Ukraine. Contracts on the S&P 500 edged higher. The index fell 0.5% during the regular trading day as technology and growth stocks came under renewed pressure, and the Nasdaq Composite dropped nearly 1.6%. Treasury yields steadied after sliding earlier this week, and the benchmark 10-year yield hovered above… Source link

Stock futures opened slightly lower Wednesday evening to steady after rallying during the regular trading day. Affirmation from Federal Reserve Chair Jerome Powell that the central bank will take a measured approach to raising interest rates amid geopolitical uncertainty helped to momentarily appease volatile markets. Contracts on the S&P 500 edged lower. The index ended higher by 1.9% Wednesday afternoon to close marginally below 4,400 during the regular trading day. Treasury yields also… Source link

All in all, the stock market is hanging tough in what has been a turbulent two weeks for humanity. The Dow Jones Industrial Average is up more than 600 points on Wednesday as of this writing. Both the S&P 500 and Nasdaq Composite are nearing gains of 2%. All three major indexes are nicely off the lows hit by the close of trading on Feb. 23, a mere hours before Russia invaded Ukraine. Every member of the FAANG [Facebook/Meta, Apple, Amazon, Netflix, Google/Alphabet] cohort has gained in the… Source link

Stock futures opened higher Tuesday evening after sliding for a second straight session during the regular trading day, with jitters over Russia’s war in Ukraine and its implications for the global economy weighing on risk assets. Contracts on the S&P 500 recovered some earlier losses. Earlier, the blue-chip index slid 1.6%, extending Monday’s losses to kick off March trading on shaky footing. The Dow and Nasdaq each also fell sharply earlier, with risk assets reeling as investors… Source link

Russian search engine Yandex is taking a beating from western companies as the country’s president, Vladimir Putin, continues to use its military in an attempt to overthrow the Ukrainian government.  The New York Stock Exchange halted trading of Yandex stock Monday on the Nasdaq, but not before shares fell 21% to $14.90 … Source link

U.S. stock futures were muted in extended trading Monday after another volatile day on Wall Street as investors weighed intensifying Russian attacks on Ukraine and an onslaught of new sanctions by the West against the likelihood geopolitical uncertainty could knock the Federal Reserve off course for an aggressive first bump in interest rates. Contracts on Wall Street’s main benchmarks were flat heading into the overnight session after February’s final trading day marked the Dow and S&P 500’s… Source link

Shares of Russian search engine Yandex were poised to continue their precipitous decline on Monday as Western economies tightened sanctions following Russia’s invasion of Ukraine. Trading of Yandex (ticker: YNDX) stock was halted on the Nasdaq on Monday, citing news pending. Before the halt, the shares were down 21% to $14.90 in premarket trading. Yandex… Source link

Stock futures fell, oil prices jumped and Russian authorities scrambled to keep a grip on domestic markets, as investors rushed to adjust to geopolitical developments including new sanctions against Russia. Here’s what we’re watching in Monday’s trading: NIO shares added 1% premarket. The electric-vehicle maker plans to list shares in Hong Kong, joining other Chinese businesses pursuing an additional listing outside New York amid the threat of being forced off… Source link