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Stitch Fix Inc. SFIX, -2.16% stock soared 12% in Thursday trading after the online personal styling service announced a $150 million share buyback program. “This share repurchase program reflects the confidence we have in our strategy, unique value proposition and the growth potential ahead for Stitch Fix, which we believe is not reflected in the […]
Gold futures ended sharply lower Thursday, marking the sharpest daily slump for the precious metal in over six weeks, a day after minutes from the Federal Reserve’s December gathering showed that officials thought rate increases could come sooner and possibly at a faster pace then they previously expected as inflation runs hot. Inflation is usually […]
The streak of gains for daily averages of new COVID-19 cases and hospitalizations continued, and deaths also rose to 2 1/2-month high, leading Moderna Inc. MRNA, -1.02% Chief Executive Stephane Bancel to say fully vaccinated people may need another booster shot later this year. The seven-day average for COVID-19-related hospitalizations have increased every day to […]
Shares of Exscientia EXAI, +10.28% jumped 14.3% in premarket trading on Friday after it announced a deal with Sanofi SNY, +1.19% to develop up to 15 new oncology and immunology drug candidates using Exscientia’s artificial intelligence platform. Sanofi’s stock was up 0.8%. As part of the agreement, Sanofi will pay Exscientia an upfront payment of […]
The numbers: The U.S. created a lackluster 199,000 new jobs in December, signaling that persistent labor shortages and another major coronavirus outbreak are holding back the economy. The increase in employment was well below Wall Street’s expectations. Economists polled by The Wall Street Journal had forecast 422,000 new jobs. The U.S. jobless rate, meanwhile, slipped to […]
Willis Towers Watson WLTW, -1.19% said it will change its Nasdaq stock ticker symbol to “WTW” at the open of market trading on Monday, Jan. 10. No action is required from Willis Towers Watson shareholders, the company said on Friday. Willis Towers Watson CEO Carl Hess said the change, “is just one of the ways […]