News Digest / Ticker: RILY

Ticker: RILY

08:23am, Monday, Oct 14, 2024

What to Know Before Markets Open: U.S. Stocks Hit New Highs Amid Earnings Reports, Boeing Faces Struggles

Monday Markets: U.S. stocks rise to record highs despite global uncertainties, while Boeing cuts jobs and delays its 777X, and oil futures drop amid weak China demand.

06:45am, Monday, Oct 14, 2024

B. Riley Financial's $400 Million Divestiture: A Strategic Move or Just Financial Restructuring?

B. Riley Financial (NASDAQ: RILY) announces the $400M sale of its appraisal subsidiary, Great American Group, to Oaktree Capital, aiming to streamline finances and alleviate debt concerns. The stock surged 26% amid ongoing discussions for a take-private proposal.

06:25am, Monday, Aug 19, 2024

B. Riley Financial Shares Plunge 8.6% as SEC Scrutiny and Buyout Bid Spark Market Turmoil

B. Riley Financial (NASDAQ: RILY) shares fell 8.6% in premarket trading after a tumultuous week, following a 65.5% drop that left them at a decade low. Co-CEO Bryant Riley's buyout attempt offers little solace amid SEC scrutiny and potential Q2 losses.