U.S. stock benchmarks Friday morning were edging slightly higher and looking to maintain strong weekly gains as investors weighed positioning heading into the weekend, amid the continuing spread of COVID-19, the illness derived from the novel coronavirus that reportedly originated in Wuhan, China last year. The Dow Jones Industrial Average traded 18 points, or 0.1%,

Shares of Digital Ally Inc. vaulted 54% higher on premarket-leading volume of over 1.9 million shares, after the video recording and analytic software company filed to withdraw a common stock offering. The company had initially filed for the offering on Jan. 21, and said on Feb. 7 that it was offering up to 7.7 million

Eisai Co. Ltd. said Thursday that it would pull its weight-loss drug Belviq off the market in the U.S. A long-term trial, which studied the drug’s cardiovascular impact, was required as part of the Food and Drug Administration approval in 2012. This study found that people taking the drug reported higher rates of cancer than

Shares of Tesla Inc. dropped 2.6% in premarket trading, after the electric vehicle maker disclosed that its previously announced common stock offering priced at a discount of nearly 5%. Tesla said it is offering 2.65 million shares for sale priced at $767 a share, which is 4.6% below Thursday’s closing price of $804, to raise

WASHINGTON (MarketWatch) – The import price index was flat in January, as the falling cost of gas offset increases in non-fuel goods. Excluding fuel, prices of imported goods rose 0.2%, the government said Friday. The increase in import prices over the past 12 months slowed to 0.3% from 0.5%. If fuel is omitted, import prices

Shares of PPL Corp. edged up 0.3% in premarket trading Friday, after the utility reported a fourth-quarter profit that beat expectations but revenue that missed, and announced a 1/4-cent dividend increase. Net income fell to $364 million, or 48 cents a share, from $415 million, or 57 cents a share, in the year-ago period. Excluding

SmileDirectClub Inc. , the company whose “teledentristy” model aims to disrupt the orthodontics industry, hit back Friday at an NBC report that alleges the company has harmed clients. In a statement, the Nashville, Tenn.-based company said the report that ran on NBC Nightly News with Lester Holt Thursday and online failed to provide viewers with

Shares of Global Cord Blood Corp. were up 0.2% in premarket trading on Friday after the Hong Kong-based company said it expects a negative impact to its fourth-quarter performance due to COVID-19, the new coronavirus that has sickened at least 48,000 people, primarily in China. Global Cord Blood, which is an umbilical cord blood banking

Chinese health officials reported 5,090 new cases of COVID-19, the novel coronavirus that was first identified in December in Wuhan, China, and 121 deaths. This tally takes into account cases diagnosed in Hubei Province, which is home to the city of Wuhan, by computed tomography (CT) scans, a new diagnosis method that the province started

U.S.-listed shares of Canadian cannabis companies rallied in premarket trade Friday, after a better-than-expected earnings report from market leader Canopy Growth Corp. bolstered hopes for the beaten-down sector. Canopy reported a narrower-than-expected fiscal third-quarter loss and revenue that rose above forecasts, amid strength in business-to-consumer sales. The report comes a day after Aurora Cannabis reported