Smith & Wesson gun maker stock soars 15% after earnings and revenue beat

American Outdoor Brands Corp. AOBC, +3.30% shares surged 15% in the extended session Thursday after the company beat Wall Street earnings and revenue expectations. The Smith & Wesson gun maker reported fiscal second-quarter net income of $6.7 million, or 12 cents a share, compared with $3.2 million, or 6 cents a share, in the year-ago period. Adjusted for items such […]

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Oil futures end lower as OPEC postpones an output cut decision to Friday

Oil futures settled lower on Thursday amid ongoing uncertainty surrounding the Organization of the Petroleum Exporting Countries’ decision on production cuts, which the group has postponed until Friday, when it meets with non-member producers. Oil prices were under pressure, "somewhat reflecting the selloff in stocks, some reflecting skepticism OPEC will come through with sufficient production cuts to support prices," said […]

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EIA reports a drop in U.S. crude supply for the first time in 11 weeks

The Energy Information Administration reported that domestic crude supplies fell by 7.3 million barrels for the week ended Nov. 30. Supplies had climbed for 10 weeks in a row before the latest decline, according to data from the government agency, which reported the data a day later than usual because of Wednesday’s national day of mourning. Analysts surveyed by S&P […]

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Del Frisco’s stock rockets toward biggest-ever gain after investor urges exploring a sale

Shares of Del Frisco’s Restaurant Group Inc. DFRG, +12.32% shot up 12.5% in morning trade Thursday, putting them on track for the biggest one-day gain since they went public in July 2012, after an activist investor urged the restaurant chain to explore a sale. Engaged Capital, a hedge fund which owns 9.99% of Del Frisco’s outstanding shares, it believes there […]

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Oil futures sharply lower, with growing concerns that OPEC will not make an aggressive output cut

Oil futures traded sharply lower Thursday, as traders continued to await the outcome of the Organization of the Petroleum Exporting Countries meeting in Vienna. "Heading into the meeting, investors had been leaning on a 1.3 [million barrel a day] cut that Saudi Arabia had been hinting at," but the Saudis may now "be leaning toward a 1.0 [million barrel per […]

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Walgreens and FedEx partner for next-day prescription delivery

Walgreens Boots Alliance Inc. WBA, -1.77% has partnered with FedEx Corp. FDX, -1.05% for the launch of a next-day prescription delivery service, available nationwide for $4.99. Customers will receive a text when their prescription is ready, and can set up the delivery from their mobile device. Walgreens already offers same-day delivery in certain markets, and will expand that in 2019. […]

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Aphria to review LATAM acquisition in face of ‘inaccurate’ allegations by short sellers

Shares of Aphria Inc. APHA, -25.45% sank 8.4% in premarket trade Thursday, after the Canada-based cannabis company said it has appointed a special committee to review its LATAM Holdings Inc. acquisition, which was completed in September. The shares had plummeted 43% over the past two sessions, closing Tuesday at a 17-month low, after short seller Quintessential Capital Management said Aphria’s […]

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