Category: Market News
JPMorgan Chase & Co. JPM, +1.36% said Tuesday it agreed to pay an undisclosed sum for Global Shares Plc, a 600-employee share plan software company based in Cork, Ireland. Global Shares has been backed by private equity firm Motive Partners since 2018. Mary Callahan Erdoes, CEO, J.P. Morgan Asset & Wealth Management, led the deal […]
Sovos Brands Inc. SOVO, -2.26% shares rose 1.6% in Tuesday premarket trading after the food company reported fourth-quarter profit and sales that beat expectations. Net loss totaled $3.8 million, or 4 cents per share, after a loss of $479,000 or a penny per share, last year. Adjusted EPS of 13 cents beat the FactSet consensus […]
Shares of Moderna Inc. MRNA, +8.59% soared 19.2% in trading on Monday after the company announced that it began dosing participants in a Phase 1 clinical trial of its experimental HIV vaccine. The trial is an open-label, randomized study evaluating the investigational mRNA vaccine in 100 adults between the ages of 18 and 55 years […]
African American homeowners drew the lowest mortgage refinancing approval rate by lenders nationwide and also had the lowest number of applicants, according to a study in a Bloomberg article published Friday. Forty-seven percent of black homeowners who completed a refinance application with Wells Fargo WFC, +2.87% in 2020 were approved, compared with 72% of white […]
Shares of Nektar Therapeutics Inc. NKTR, -60.87% tumbled 44.7% in premarket trading on Monday after the company said a combination of its experimental therapy bempegaldesleukin in combination with Bristol Myers Squibb Co.’s BMY, +0.54% Opdivo failed as a treatment for melanoma. The companies had tested the combination against Opdivo in a Phase 3 clinical trial […]
Academy Sports & Outdoors Inc. ASO, +8.65% shares jumped nearly 10% on Monday after it was announced the retailer would join the S&P Small Cap 600 Index SML, -1.17%, effective prior to the opening of Wednesday trading. Academy Sports replaces Kraton Corp. KRA, +0.02%, which is being acquired by DL Chemical Co., Ltd. Academy recently […]
Gold futures settled lower on Monday, with prices down a second straight session to their lowest finish since March 3. “It looks like precious metals, as well as other commodities, have got past their initial shock at Russia’s invasion,” Adrian Ash, director of research at BullionVault, told MarketWatch. The rally in most Western stock markets […]
JPMorgan Chase & Co. JPM, +0.99% on Monday said masking in its corporate office buildings will be completely voluntary for both vaccinated and unvaccinated colleagues, effective immediately, according to an internal memo published by CNBC. The bank also said as of April 4 it will discontinue mandatory testing for the unvaccinated, as well as asking […]
China would face “consequences” if it helps Russia in its war against Ukraine, White House press secretary Jen Psaki told reporters on Monday. The Biden administration’s warning came following a meeting between National Security Adviser Jake Sullivan and Yang Jiechi, a member of China’s Politburo, in Rome. Psaki did not detail potential consequences. A White […]
Oil futures finished lower Monday, on reports that the U.S. may reach a deal to lift sanctions on Venezuelan oil, which would help ease any losses from Russia following its invasion of Ukraine. Oil prices sold off early on peace talks between Russia and Ukraine, then bounced back a bit when it seemed those talks […]