Category: Market News

The Consumer Financial Protection Bureau (CFPB) said Monday it’s tapping a mostly unused legal provision to examine nonbank financial companies that pose risks to consumers. “The CFPB believes that utilizing this dormant authority will help protect consumers and level the playing field between banks and nonbanks,” it said in a prepared statement. The CFPB is […]

White House press secretary Jen Psaki on Monday said President Joe Biden has concerns about social-media companies’ power after Twitter’s TWTR, +5.66% board agreed to a sale to billionaire Elon Musk. “No matter who owns or runs Twitter, the president has long been concerned about the power of large social-media platforms — with the power […]

All three major U.S. stock benchmarks closed higher Monday, recovering from losses earlier in the trading session, as Treasury yields fell and investors appeared to shrug off concerns over China’s Covid-19 lockdown. The Nasdaq Composite COMP, +1.29% led the way higher with a 1.3% gain, followed by the Dow Jones Industrial Average, which finished up […]

A stock-market selloff took a breather Monday afternoon, with the Dow Jones Industrial Average on track for its biggest intraday bounce back from negative territory since February. The blue-chip gauge tumbled sharply in early trade, falling 487.7 points, or 1.44%, at its session low, before turning higher in afternoon action. The Dow DJIA, +0.38% was […]

Shares of Talis Biomedical Corp. TLIS, +4.36% bounced 1.9% in midday trading Monday, after the diagnostic testing company requested a withdrawal of a large share offering by a selling shareholder. After the March 15 closing bell, the company had registered 37.49 million common shares for sale, including 7.63 million common shares and 29.86 million shares […]

Shares of Nkarta Inc. NKTX, +94.21% skyrocketed 92.8% in very active morning trading, enough to make the stock the biggest gainer and most active listed on major U.S. exchanges, after the biopharmaceutical company announced positive results from a Phase 1 trial of its cancer treatments. The rally comes after the stock closed at a record […]

U.S.-listed shares of Valneva SE VALN, -0.52% tumbled 14.4% in premarket trading on Monday after the company said the European Medicines Agency had requested additional information about its COVID-19 vaccine candidate. Valneva said it will respond to the request, and if the new data are accepted by the EMA’s Committee for Medicinal Products for Human […]

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

Philadelphia is reversing course on the face-mask mandate imposed just days ago and rescinding it, citing improving numbers for hospitalizations and case counts, the Associated Press reported. The Board of Health voted on the matter on Thursday, according to the Philadelphia health department. It did not provide data to back up the decision but said […]

Shares of Schlumberger Ltd. SLB, +2.46% rallied 1.1% in premarket trading Friday, after the oil services company reported first-quarter profit and revenue that rose above expectations and announced a 40% increase in its dividend. Net income rose to $510 million, or 36 cents a share, from $299 million, or 21 cents a share, in the […]