Category: Market News
A resolution passed by the New Hampshire House of Representatives to set up state-run cannabis sales in the Granite State was nixed by the Senate on Thursday as one of two bills that failed to pass the chamber, according to as report by Marijuana Moment. The cannabis sales bill as proposed by Rep. Daryl Abbas […]
The numbers: The Federal Reserve’s preferred measure of inflation rose a sharp 0.9% in March, but the increase largely stemmed from a surge in the cost of gas and there were some signs that intense price pressures could be starting to ease. Over the past 12 months, the personal consumption price index has climbed 6.6%, […]
An earlier version of this report incorrectly listed Rinvoq’s revenue. The drug generated $465 million in revenue in the first quarter of 2022. Shares of AbbVie Inc. ABBV, -6.03% were down 3.4% in premarket trading on Friday after the company missed on revenue in the first quarter of the year. AbbVie had earnings of $4.5 […]
Stocks opened lower Friday, weighed down as shares of Amazon.com Inc. AMZN, -14.05% and Apple Inc. AAPL, -3.66% lost ground after quarterly updates. The Dow Jones Industrial Average DJIA, -2.77% fell 90 points, or 0.3%, at 33,826,leaving it on track for a 2.5% monthly fall. The S&P 500 SPX, -3.63% was down 0.7% at 4,256, […]
Shares of Novavax Inc. NVAX, +1.81% jumped 10.8% in trading on Friday after the Food and Drug Administration announced that an advisory committee is set to meet June 7 to examine the benefits and risks of the company’s experimental COVID-19 vaccine. Novavax’s protein-based vaccine has been authorized in several countries, including by the U.K. and […]
Cowen Inc. COWN, -0.44% rose 5.8% on Friday after the investment bank and brokerage company said its first-quarter net income fell to $33.3 million, or $1.05 a share, from $145.8 million, or $4.34 a share in the year-ago quarter. Adjusted profit totaled $1.35 a share in the latest quarter. First-quarter revenue dropped to $364.1 million […]
Stocks tumbled into the closing bell Friday, with all three major equity indexes shedding more than 2.7% to end an ugly week and month on Wall Street. The Dow Jones Industrial Average DJIA, -2.77% fell about 938 points, or 2.8%, ending the session near 32,977. Continued carnage in technology-related stocks left the S&P 500 index […]
Walmart Inc. WMT, -1.40% announced the launch of a new exclusive brand, Love & Sports, created with fashion designer Michelle Smith and indoor cyclist Stacey Griffith. Items are made with “high-performance” fabrics and are intended to go from the gym to daily activities. The collection includes 121 items priced from $12 to $42 and include […]
Shares of Moderna Inc. MRNA, -2.28% said Friday that it asked the European Medicines Agency to authorize its COVID-19 vaccine for use in children between the ages of 6 months and 6 years old. The company also filed for authorization in this age group in the U.S. this week. Moderna separately said Friday that it […]
Shares of Amazon.com Inc. AMZN, -12.06% tumbled 12.5% in morning trading Friday, enough to pace the S&P 500’s SPX, -1.59% losers, after the ecommerce giant reported a surprise first-quarter loss and revenue that came up a bit shy. The stock, which was trading at the lowest levels seen during regular-session hours since June 2020, was […]