Latest Market News
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 […]
Gold futures settled with a loss on Wednesday, as a rise in U.S. Treasury yields and strength in the dollar prompted prices to give back most of their gain from a day earlier. The precious metal is influenced by bond yields, and any messaging on interest rates and the “attempt to rein in inflation” from […]
Odeon Finco Plc, a unit of AMC Entertainment Holdings Inc. AMC, -3.35%, said Wednesday it is issuing $400 million of senior secured five-year bonds in a private offering. Proceeds of the deal will be used with cash in hand to repay term loans. The bonds are backed by AMC. Odeon Finco is fully owned by […]
GreenLight Biosciences Holdings GRNA, -2.68% said Wednesday that it was laying off 25% of its workforce as part of a “realignment” aimed at saving cash as it shifts its focus to near-term value drivers. The biotechnology company had 312 full-time employees as of March 31. As a result of the realignment, the company said it […]
A suite of Microsoft products will feature in Meta’s new Virtual Reality headset, with Meta CEO Mark Zuckerberg calling it the “virtual office of the future.” Source: Cointelegraph