Latest Market News
Shares of Beyond Meat Inc. BYND, -4.59% hit a new all-time low Wednesday, dipping as much as 6.4% before briefly rebounding, as the maker of plant-based meat continues to navigate choppy waters. There was no catalyst for the stock drop, but a series of disappointing earnings results and hints at deep cuts amid escalating competition […]
Shares of railroad operators fell Wednesday, helping drag the Dow Jones Transportation Average DJT, -0.35% down by 1.3% in midday trading despite a 39-point gain in the Dow Jones Industrial Average DJIA, +0.06% and 0.3% rise in the S&P 500 SPX, +0.27%, amid concerns over a possible labor strike. Shares of Union Pacific Corp. UNP, […]
Philip Morris International Inc. PM, -0.53% said Wednesday that it has appointed two former officials with the U.S. Food and Drug Administration to positions that will accelerate the cigarette maker’s transition to a smoke-free future. The company said it has appointed Dr. Badrul Chowdhury, who was a regulator in the FDA’s pulmonary division, as its […]
Sarepta Therapeutics Inc. SRPT, +0.89% said Wednesday it has priced $980 million of convertible senior unsecured notes that mature in September of 2027. The company will reduce the potential dilution of issuing new shares by entering capped call transactions with one or more dealers. Proceeds will be used to cover the cost of those transactions, […]
The US inflation report came as a big surprise to many investors as despite solid signals for a drop below 8% (decline in new car sales, falling gasoline prices), headline inflation was quite persistent, inching lower marginally to 8.3%. Core inflation accelerated more than expected – from 5.9% to 6.3%, beating the forecast of 6.1%. […]
JPY Rallying on Wednesday The Japanese Yen has seen a fresh wave of demand today. Part of the rally is clearly down to safe-haven inflows linked to the drop in risk assets on the back of yesterday’s stronger-than-expected US CPI reading. With markets rushing to price in a larger Fed rate hike this month, USD […]