Virgin Galactic announces reverse stock split

Space tourism company Virgin Galactic announced a 1-for-20 reverse stock split on Wednesday, sending its shares down 19% in extended trading. The stock split is expected to go into effect on June 14 after markets close and resume trading on a split-adjusted basis after markets open on June 17.   The company is planning the […]

Fed Chair Powell scheduled for June 9 Senate Banking testimony

U.S. Federal Reserve Chair Jerome Powell is scheduled to give his semiannual testimony on monetary policy on July 9 at the Senate Banking Committee, the office of Senator Sherrod Brown, the committee’s chair, said on Monday. If scheduling proceeds as it has historically, Powell would deliver the same testimony at the House Financial Services committee […]