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The transaction is expected to close within eight months, subject to closing conditions

The shares recently traded up about 9% off Wednesday's close at around $57, climbing off morning lows that saw them in the red at around $40.

Bitcoin extended its recent retreat Thursday, with the price of the leading cryptocurrency falling in the wake of President Donald Trump's latest tariff announcement.

"In my view, there is no need to be in a hurry to make further policy rate adjustments," Jefferson told an Atlanta Fed conference, repeating what has become a well-worn phrase from U.S. central bankers amid a rapid onslaught of trade and other policy changes under the Trump administration. Asked about the sweeping new import levies announced by U.S. President Donald Trump announced on Wednesday, Jefferson gave little sense of how much they might in his view add to inflationary pressures or slow the economy.

Ten-year Treasury yields fell below 4% in a classic flight to safety. The post Truckload volumes and bond yields say recession, not inflation, the bigger risk appeared first on FreightWaves.

Gold continued to notably outperform so-called "digital gold."

Oil prices tumbled Thursday amid worries about an escalating trade war from Trump's tariffs, as OPEC and its allies sped up plans to increase output and unwind supply cuts.

What looked like a safe bet to move manufacturing supply chains out of China is turning out to be a nightmare for many big retail brands.

From bitcoin as a capital preservation tool to some targeting a move toward the $70,000 level, here’s how traders are reacting to U.S. tariffs.

U.S. equities are plunging at midday, dragged lower by the Trump administration's sweeping reciprocal tariffs. The Dow Jones Industrial Average, S&P 500, and Nasdaq all plummeted.