News

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

Shares of cruise operators were the top-3 gainers in the S&P 500 SPX, +0.03% in afternoon trading Wednesday, with Norwegian Cruise Line Holdings Ltd. NCLH, +12.13% getting bullish backing from UBS on the back of upbeat bookings data. Norwegian’s stock shot up 11.0%, Royal Caribbean Group shares RCL, +11.78% leapt 10.8% and Carnival Corp.’s stock […]

The Energy Information Administration on Wednesday forecast that U.S. households that primarily use natural gas to heat their homes will likely spend an average of $931 this winter, which runs from October to March, up 28% from the amount they spent last winter. Natural-gas futures trade around 76% higher year to date, FactSet data show. […]