Latest Market News
Shares of PG&E Corp. PCG, -2.70% jumped 4.2% in premarket trading Monday, after the California-based utility was added to the S&P 500 index SPX, -1.72%, a little more than two years after emerging from bankruptcy. Late Friday, S&P Dow Jones Indices said PG&E would replace Citrix Systems Inc. CTXS, -0.06% in the benchmark index, as […]
Canadian energy company Hammerhead Resources Inc. is going public via a merger with Decarbonization Plus Acquisition Corporation IV DCRD, in a deal valued at about C$1.39 billion ($1.02 billion), the companies said in a joint statement. Once the deal closes, the combined company is expected to list on Nasdaq under the new ticker “HHRS.” The […]
Share of casino operators rallied in premarket trading Monday, to buck the selloff in the broader stock market, as investors cheered news that Macau looks set to ease COVID-19 restrictions sooner than expected. Shares of Las Vegas Sands Corp. LVS, +0.51% jumped 7.2%, Wynn Resorts Ltd. WYNN, -0.90% climbed 5.8%, MGM Resorts International MGM, -1.83% […]
Pfizer Inc. PFE, -1.10% and German partner BioNTech SE BNTX, -1.27% said Monday they have submitted an application to the U.S. Food and Drug Administration seeking an emergency use authorization for their bivalent vaccine booster for use in children aged 5 to 11 years of age. The application is for a 10-ug booster dose of […]
BOJ Cites Need For Continued Easing The governor of the Bank of Japan, Haruhiko Kuroda, today defended the BOJ’s intervention in FX markets last week. The BOJ was seen selling massive amounts of USD in its first such operations since 1998, in a bid to counter further depreciation of the Yen. Kuroda cited the need […]
Markets React Negatively to UK Government Mini-Budget The British Pound has seen it’s most volatile trading period since the start of the pandemic with GBPUSD crashing almost 10% lower, falling to its lowest level on record. We’ve seen similar scale moves across the board with EURGBP and GBPJPY both seeing wild moves also, the latter […]