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Fed-funds futures traders priced in a 97.8% probability the Federal Reserve will lift its key interest rate by 75 basis points, or 0.75 percentage point, to a range of 3.75% to 4% in its early November meeting, up from 84.5% on Wednesday, according to the CME FedWatch tool. The move comes after a hotter-than-expected core […]
Shares of Fastenal Co. FAST, -1.53% fell 1.2% in premarket trading Thursday, even after the industrial and construction supplies distributor reported third-quarter profit and sales that rose above expectations. Net income increased to $284.6 million, or 50 cents a share, from $243.5 million, or 42 cents a share, in the year-ago period. The FactSet consensus […]
Pfizer Inc. PFE, +0.26% and German partner BioNTech SE BNTX, +5.53% said Thursday early data from a Phase 2/3 clinical trial of their omicron BA.4/BA.5-adapated bivalent booster showed positive results in treating individuals aged 18 and older. The data collected 7 days after administering a 30-ug booster dose showed a “substantial increase” in neutralizing antibodies. […]
Shares of BlackRock Inc. BLK, -0.01% was little changed in premarket trading Thursday, after the investment management giant reported third-quarter profit and revenue that fell from a year ago but beat expectations, as strong bond inflows continued while equities declined. Net income declined to $1.41 billion, or $9.25 a share, from $1.68 billion, or $10.89 […]
The global tally of COVID cases fell 10% in the week through Oct. 9 from the previous week, the World Health Organization said in its weekly update on the pandemic. The number of fatalities was stable versus the previous week at about 9,000. Omicron remained the dominant variant, accounting for 99.9% of cases sequenced in […]
Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady. Source: Cointelegraph