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Crude oil futures finished solidly higher Wednesday after data showed a big drop in U.S. crude inventories, pointing to more robust demand despite the threat of the omicron variant of COVID disrupting some business activity and holiday travel. West Texas Intermediate crude for February delivery CLG22, +0.80% CL00, +0.80% CL.1, +0.80% was trading 58 cents, […]
Shares of Biogen Inc. BIIB, +9.26% shot up 8.9% in afternoon trading Wednesday, after the Korea Economic Daily reported that the U.S.-based drug maker is in talks to be acquired by South Korea-based conglomerate Samsung Group in a deal that could value Biogen at roughly $42 billion. That would represent an 11% premium to Biogen’s […]
Gold futures closed lower Wednesday, but the precious commodity finished above a psychological significantly level, after steeper losses dragged it below $1,800, a level it has struggled to hold above since November. February gold GCG22, -0.31% GC00, -0.31% lost $5.10, or 0.3%, to settle at $1,805.80 an ounce, but had fallen to an intraday low […]
Shares of Western Digital Corp. WDC, +5.82% shot up 5.6% in afternoon trading Wednesday toward a sixth-straight gain, enough to make the data storage company’s stock the biggest gainer among S&P 500 SPX, +0.13% components. Benchmark analyst Mark Miller said he believes the rally is being driven by South Korea-based rival Samsung Electronics Co. Ltd.’s […]
Oil futures traded higher Wednesday after the Energy Information Administration reported a drop in U.S. crude inventories. West Texas Intermediate crude for February delivery CLG22, +0.86% CL00, +0.86% traded at $77.04 a barrel on the New York Mercantile Exchange, up $1.05, or 1.5%. The EIA said crude inventories fell by 3.576 million barrels in the […]
Shares of Facebook parent Meta Platforms Inc. FB, -0.54% dropped 0.8% in morning trading Wednesday, reversing earlier intraday gains of as much as 1%, after the Wall Street Journal reported that the social-media and metaverse company looked to divide lawmakers along party lines to forestall any bipartisan attempt to install tougher rules on social-media platforms. […]