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Shares of Fastenal stumbled in premarket trading Friday after the industrial parts company's fourth-quarter results came in shy of analysts' expectations.

Lake Street analyst Thomas Flaten lowered the firm’s price target on Optinose (OPTN) to $17 from $45 and keeps a Buy rating on the shares, saying that “in part accounting for the recent 1-for-15 reverse stock split, we revised our $3 price target to $17″ after OptiNose delivered preliminary XHANCE revenue for Q4 of $22.4M, which was above the firm’s and consensus estimates. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top

Capital markets and advisory fees jumped 74% to $120 million, while wealth and asset management revenue rose 8% to $93 million in the three months ended Dec. 31, Huntington said. These drove up the company's profit to $530 million, or 34 cents per share, from $243 million, or 15 cents, a year earlier. The profit also beat analysts' expectation of 31 cents, according to data compiled by LSEG.

(Bloomberg) -- It’s taken LVMH nearly a year-and-a-half to regain its spot as Europe’s biggest stock from Novo Nordisk A/S.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunWill Americans Ever Lose Their Taste for Telework?In a City of Sprawl, Wildfire Evacuation Is Getting HarderThe Danish drugmaker’s shares fell more than 4% on Friday afte

(Bloomberg) -- BlackRock Inc. is tapping into a fast-growing corner of the options-powered ETF world with an offering aimed at Wall Street investors bracing for the S&P 500 to tread water.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunWill Americans Ever Lose Their Taste for Telework?In a City of Sprawl, Wildfire Evacuation Is Getting Har

News of the day for Jan. 17, 2025

Versus Systems Inc. (NASDAQ:VS) shares are trading higher premarket on Friday. On Thursday, the company expanded into Brazil to strengthen its international presence. Also, the company plans to enhance its gamification platform’s impact on audience engagement across industries. Versus Systems has appointed Flavio Maria as the Country Manager for Brazil, one of the largest global gaming markets with over 100 million users. Luis Goldner, Chief Executive Officer of Versus Systems said, “We’re thril

Antitrust regulators have reached a deal with Welsh, Carson, Anderson and Stowe that doesn’t penalize the private equity firm for rolling up the market for anesthesia services in Texas, but tries to prevent it from happening again.

iCapital's Investor Passport aims to streamline compliance and onboarding, saving time and costs in private markets.

Financial markets are betting China will not use the yuan as a policy tool to offset expected U.S. tariffs in a second Donald Trump presidency, based on a view that sharp depreciation like that seen in his first term will be more harmful than helpful to the struggling economy. From the pricing of yuan forwards to interest rate derivatives and analysts' forecasts, indications are that China is already permitting a slow depreciation of the yuan to adjust to a broadly stronger dollar as it braces for Trump 2.0. But pricing also shows investors are expecting a gradual, moderate depreciation, with sell-side analysts seeing a 5-6% drop from current levels by year end.