Author: qreyes

The Biden administration has been slowly replenishing stocks in the Strategic Petroleum Reserve (SPR) as oil prices fell in the fourth quarter, buying crude at prices that could rate the president as an oil trading legend. The SPR is an emergency stash of crude oil — the world’s largest — that was created to ease…

The National Cannabis Roundtable (NCR) announced on Thursday it added former Congressman Ed Perlmutter (D-Col.) to its roster of federal policy advisors who pushed for cannabis reform for years. Perlmutter joined former Sen. Cory Gardner (R-Col.), former U.S. Deputy Attorney General Jim Cole, former Secretary of Health Kathleen Sebelius and former Speaker John Boehner, who…

Twist Bioscience Corp (NASDAQ:TWST) shares are trading higher after the company released first-quarter 2024 earnings and increased its FY24 revenue guidance. The DNA synthesis company reported first-quarter sales of $71.5 million, up 32% Y/Y from $54.2 million a year ago, beating the consensus of $67.58 million and the management guidance of $67 million-$68 million. The company reported an…

W.W. Grainger Inc (NYSE:GWW) shares are trading higher after it reported fourth-quarter FY23 results. Sales of $3.997 billion, up 5.1% Y/Y, missed the consensus of $4.039 billion. Adjusted gross profit increased 3.8% Y/Y to $1.563 billion, with a margin contracted 50bps Y/Y to 39.1%. Adjusted operating profit increased 11.5% Y/Y to $583 million, with the margin at…

Piper Sandler Companies (NYSE:PIPR) shares are trading higher after the company reported better-than-expected fourth-quarter results. Piper Sandler reported Q4 sales of $471.85 million, beating the Wall Street Estimate of $370.12 million. Sales jumped 21% year over year. The company reported adjusted EPS of $4.03, exceeding the analyst’s view of $2.60. Advisory services revenues … Full story available on Benzinga.com

Mainland China stocks slumped again on Friday, with the Shanghai Composite having its worst week in five years, while the CSI 300 index slumped to a five-year low. Shares listed on Hong Kong’s blue-chip index fared a little better, but were still down on the week, with the Hang Seng falling 2.6% over the five…

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 200 points on Friday. The Dow traded up 0.19% to 38,593.49 while the NASDAQ rose 1.55% to 15,600.39. The S&P 500 also rose, gaining, 0.97% to 4,953.70. Check This Out: Amazon To Rally Over 41%? Here Are 10 Top Analyst Forecasts For…