News
As part of the Financial Services Act 2021, Parliament legislated to extend the Undertakings for the Collective Investment in Transferable Securities (UCITS) exemption in The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation (as enacted in retained EU law) by 5 years – from 31 December 2021 to 31 December 2026. This extension means that […]
The Dow Jones Industrial Average closed at a record high Wednesday, as investors pushed the blue-chip-stocks index to a sixth straight day of gains for its longest winning streak since March. The Dow DJIA, +0.25% closed around 0.3% higher in a day of mixed trade that saw the S&P 500 index SPX, +0.14% rise about […]
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 […]