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The two new omicron subvariants dubbed BQ.1 and BQ.1.1 are spreading fast in the New York region and could account for up to 36.6% of new cases, nearly double the top of the range for all of the U.S., according to Centers for Disease Control and Prevention data. The two variants accounted for 11.5% and […]
Shares of Generac Holdings Inc. GNRC, -25.34% sank 10.7% toward a more than two-year low in premarket trading Wednesday, after the maker of home and industrial power systems reported third-quarter profit and sales that fell well below expectations and cut its full-year outlook, citing disappointing residential sales. Net income fell to $58 million, or 83 […]
Alcoa Corp.’s stock AA, -5.26% slid 7% in after-hours trading Wednesday after the bauxite, alumina and aluminum products company reported a third-quarter loss of $746 million, after reporting a $337 million profit in the same period a year earlier. Alcoa recorded a net loss of $4.17 per share. Losses, adjusted for non-recurring costs, came to […]
President Joe Biden on Wednesday offered fresh harsh words for Russian President Vladimir Putin, as he responded to a reporter’s question about the significance of Putin’s declaration of martial law in the four Ukrainian regions that Moscow has annexed. “I think Vladimir Putin finds himself in an incredibly difficult position,” Biden said. “What it reflects […]
Gold futures declined Wednesday to settle at their lowest price in more than three weeks, as the U.S. dollar and Treasury yields strengthened on the back of expectations for further interest-rate increases from the Federal Reserve. The path of least resistance for gold is “to the downside and as support after support breaks, this will […]
Shares of Baker Hughes Co. BKR, +5.96% rose 0.9% in premarket trades Wednesday after the drill bit maker beat its adjusted earnings target. Baker Hughes reported a third-quarter loss of $17 million, or 2 cents a share, after net income of $8 million, or a penny a share, in the year-ago period. Third-quarter adjusted income […]