Category: Market News
The global tally of COVID cases fell 11% in the week through Sept. 25 from the week earlier, while the number of fatalities fell 18% to just over 8,900, the World Health Organization said in its latest weekly update. The BA.5 omicron subvariant continued its dominance, accounting for 81.2% of cases sequenced and entered into […]
XPO Logistics Inc. XPO, +5.12% said Wednesday it has filed a Form 10 registration statement with U.S. securities regulators related to the planned spinoff of its RXO transportation brokerage. The spinoff was announced earlier this year and on Wednesday XPO reiterated its expectation that it would be completed by year-end. “Our Form 10 public filing […]
U.S. stock indexes traded higher in the final hour of trading on Wednesday with Dow DJIA, +1.88% climbing over 550 points and S&P 500 SPX, +1.97% attempting to snap its longest losing streak since February 2020. The Dow Jones Industrial Average advanced by 2% and the S&P 500 gained 2.1%, while the Nasdaq Composite COMP, […]
Gold futures climbed sharply on Wednesday, with prices up by just over 2% to settle at their highest in almost a week. Gold prices welcomed the Bank of England’s “dramatic intervention that avoided an imminent gilts crash and sent global bond yields sharply lower,” said Edward Moya, senior market analyst at OANDA. “This was somewhat […]
BTRS Holdings Inc. BTRS, +60.23% announced Wednesday an agreement to be acquired in a deal valued at $1.7 billion by private-equity fund EQT X fund, which is part of EQT. BTRS’s stock was halted for news until 9: 50 a.m. Eastern. Under terms of the deal, shareholders of the accounts receivable automation and payments company, […]
Orlando Bravo, a founder and managing partner of software-focused private equity firm Thoma Bravo LP, personally contributed $10 million to the Bravo Family Foundation to aid Hurricane Fiona relief efforts in Puerto Rico, he said in a prepared statement on Wednesday. The money will target communities most affected by the storm including Bravo’s home town […]
Johnson & Johnson JNJ, -0.46% unveiled Wednesday the name for its New Consumer Health Company that is being spun off: Kenvue. The name, pronounced ken-view, comes from the English word “ken,” which is primarily used on Scotland and means knowledge, and “vue,” which references sight. Kenvue, which will become a standalone company in 2023, will […]
The heads of the U.S. Department of Health and Human Services and the World Health Organization came away from the first U.S.-WHO Strategic Dialogue on Tuesday with a commitment to the creation of a new financial intermediary fund for global pandemic prevention, preparedness, and response, and urged other world leaders to help fund it. Xavier […]
The Magic Kingdom is shutting down in Florida for a few days. Walt Disney Co. DIS, -2.31% on Tuesday announced it will shutter all four of its Orlando-based theme parks — Animal Kingdom, Hollywood Studios, Epcot and Magic Kingdom — on Wednesday and Thursday as Hurricane Ian bears down on the west coast of Florida. […]
Oil futures climbed Tuesday, with U.S. prices edging up from a nearly nine-month low a day earlier, as some oil and natural-gas producers slow production in the Gulf of Mexico in preparation for Hurricane Ian. The Bureau of Safety and Environmental Enforcement reported Tuesday that in response to the storm, 11% of oil production and […]
