Day: October 12, 2022
Shares of Victoria’s Secret & Co. VSCO, -3.04% moved 3% higher after hours after the lingerie maker said it expected third-quarter operating income and per-share profit to be closer to the high end of prior financial forecasts. Victoria’s Secret said its updated outlook was based on “quarter to date trends” and a “high single digit” […]
U.S. stocks finished lower on Wednesday after the release of minutes from the Federal Reserve’s September policy meeting, wherein policy makers noted that inflation remained “unacceptably high.” The S&P 500 SPX, -0.33% closed 11.81 points, or 0.3%, lower at 3,577.03. The Dow Jones Industrial Average DJIA, -0.10% finished off 28.34 points, or 0.1%, at 29,210.85. […]
The U.S. Treasury Department’s office of inspector general is probing whether Florida Gov. Ron DeSantis improperly used COVID relief aid to pay for migrant flights, according to a letter to lawmakers from the agency. Deputy Inspector General Richard Delmar wrote to Massachusetts Democratic Sen. Edward Markey and five House members that the agency will “review […]
Shares of Nio Inc. NIO, +0.39% bounced 3.1% in premarket trading Wednesday of a five-month low in the previous session, as part of a broader market rally in the U.S. and China. Nio’s stock had closed Tuesday at the lowest price since May 11, after plunging 23.3% during a five-session losing streak. The bounce comes […]
The Lenders One Cooperative of more than 250 mortgage bankers said it’s opening its first three in-store locations at Walmart Inc. WMT, -1.13% stores in New Jersey and Florida, as part of a leasing deal announced in March. The first Walmart branch in Newton, N.J., is being operated by the cooperative’s Family First Funding LLC […]
The major currency pair managed to reach stability on Wednesday. The current quote for the instrument is 0.9730. The United States secretary of the treasury Janet Yellen believes the current USD rate reflects the corresponding monetary policy. According to Yellen, there are no signs of financial instability in global capital markets. She said that strengthening […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9682 along with the correction up to 0.9733, EURUSD is expected to start a new decline towards 0.9640 and may later correct to test 0.9686 from below. After that, the instrument may resume falling with the target at 0.9600, or even extend this structure […]
Shares of Digital World Acquisition Corp., DWAC, -1.12% the special-purpose acquisition company planning to take former President Donald Trump’s media-ventures company public, jumped 10% after Axios reported that Truth Social, Trump’s social media platform, received approval from Google for distribution on its Google Play Store. Axios noted that nearly half of smartphone users in the […]
The Centers for Disease Control and Prevention officially signed off on allowing children as young as 5 years old to get an updated COVID-19 booster shot. CDC Director Rochelle Walensky signed the decision memo on Wednesday afternoon, the same day that the Food and Drug Administration expanded the authorizations for Moderna Inc. MRNA, +8.58% and […]
Oil futures fell Wednesday for a third session in a row, with U.S. prices settling at their lowest since Oct. 4. Prices declined as “continued fears over future demand serve to cap the recent rebound,” said Michael Hewson, chief market analyst at CMC Markets UK. Continued concerns about future global demand and the bleak economic […]
