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Used Truck Sales Dropped 14 Percent In May, Down 22 Percent From A Year Earlier
2019 Jun 17, 6:00pm | 191Read More...Preliminary used truck sales in the heaviest weight segment – Class 8 – dropped 22 percent in May compared with the May 2018. Used truck sales fell 14 percent in May compared with a 5 percent drop in April. The average price of a used truck increased 5 percent, while average miles contracted...
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Is The Death Of Rail-Hauled Coal True, Or Premature?
2019 Jun 17, 5:24pm | 1612Read More...FreightWaves features Market Voices – a forum for market experts with unique knowledge from numerous transportation sectors and other critical expertise. Coal is fundamentally "sedimentary rock that burns." Formed by the decomposition of plant matter, coal is a complex substance that is marketed...
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McCarter & English Joins Blockchain In Transport Alliance
2019 Jun 17, 5:18pm | 498Read More...McCarter & English, a 400-attorney firm with a national client base and a thriving supply chain and logistics practice, has joined Blockchain in Transport Alliance (BiTA), the largest commercial blockchain consortium in the world with nearly 500 members from the freight, transportation,...
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Online Luxury Goods Reseller RealReal Sets Terms For $270M IPO
2019 Jun 17, 5:03pm | 344Read More...An online marketplace for luxury goods is bringing Rodeo Drive to Wall Street. The IPO Terms The RealReal, Inc. proposes to offer 15 million shares in an initial public offering at an estimated price range of $17 to $19 per share. At the midpoint of the price range, the IPO is...
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MTech Acquisition, MJ Freeway Complete Merger; New Company To List On Nasdaq
2019 Jun 17, 4:50pm | 338Read More...Seed-to-sale regulatory compliance technology provider MJ Freeway and the special purpose acquisition company MTech Acquisition Corp (NASDAQ: MTEC) announced Monday they have completed a merger and formed a new public company that's listing on the Nasdaq. What Happened Through the...
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5 Stocks Moving In Monday's After-Hours Session
2019 Jun 17, 4:47pm | 240Read More...Gainers PhaseBio Pharmaceuticals Inc (NASDAQ: PHAS) shares are up 18% after reporting preliminary results from a Phase 2a clinical trial of PB2452 for reversal of antiplatelet activity. Lannett Company, Inc. (NYSE: LCI) shares are up 4% after reporting a restructuring plan related to Cody Labs....
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Amazon Says Ocasio-Cortez's 'Starvation Wages' Comment 'Just Wrong'
2019 Jun 17, 4:03pm | 273Read More...Amazon.com, Inc. (NASDAQ: AMZN) has responded to U.S. Rep. Alexandria Ocasio-Cortez, a Democrat from New York, after she said the company pays its warehouse workers "starvation wages." .@AOC is just wrong. Amazon is a leader on pay at $15 min wage + full benefits from day one....
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Socialite, Heiress, Blue Jean Designer Gloria Vanderbilt Dies At 95
2019 Jun 17, 3:36pm | 542Read More...Gloria Vanderbilt, who built a famous line of designer jeans in the 1970s in between a tabloid-chronicled life as a child heiress and late-life success as an author with her TV anchor son, died Monday. Vanderbilt’s death was reported in an on-air obituary by her son, CNN anchor Anderson...
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ArQule Hits 12-Year High Following Favorable Midstage Study Results
2019 Jun 17, 3:21pm | 393Read More...Shares of the small-cap biotech stock ArQule, Inc. (NASDAQ: ARQL) were seeing strength on brisk volume Monday. What Happened Close on the heels of a 30% rally Friday on the back of positive results from an early stage study of its leukemia drug candidate, ArQule announced preliminary...
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MKM: Slack Is Worth $55 Per Share
2019 Jun 17, 3:09pm | 337Read More...Ahead of Slack's scheduled initial public offering Thursday, MKM Partners estimates the stock should be worth $55 per share, or around $20 billion. The Analyst Rohit Kulkarni commented on Slack's planned IPO in a Monday note. The Thesis Slack's financial...
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Chinese Brands Are Taking The Global Economy By Storm
2019 Jun 17, 3:05pm | 589Read More...Chinese stocks have taken a big hit from the trade war, with the iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 13.8% in the past year. While Chinese investors are enduring a near-term dip in the stock market, Chinese brands are growing like wildfire on the international front. BrandZ recently...
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Merit Medical To Acquire Brightwater Medical For $35M Upfront
2019 Jun 17, 2:58pm | 176Read More...Merit Medical Systems, Inc. (NASDAQ: MMSI) will acquire Brightwater Medical for a $35 million upfront payment and potential earn-out payments of up to $15 million based on receipt of CE mark approval and achievement of future sales targets. Merit Medical is a manufacturer of proprietary disposable...
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Invitae Will Acquire Singular Bio For $55M
2019 Jun 17, 2:53pm | 221Read More...Invitae (NYSE: NVTA) will acquire Singular Bio for $55 million in a mostly stock deal. Invitae is medical genetics company and Singular Bio is a privately held company developing single molecule detection technology that allows expanded use of high-quality, cell-free, nucleic acid analysis,...
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Mid-Afternoon Market Update: Crude Oil Down 1.5%; C&J Energy Services Shares Spike Higher
2019 Jun 17, 2:52pm | 731Read More...Toward the end of trading Monday, the Dow traded up 0.20% to 26,141.97 while the NASDAQ rose 0.81% to 7,859.85. The S&P also rose, gaining 0.25% to 2,894.11. Leading and Lagging Sectors Real estate shares rose 1.1% on Monday. Meanwhile, top gainers in the sector included Innovative Industrial...
