Category: Market News

Feb 18
White House says Russia to blame for cyberattacks on Ukraine

Published: Feb. 18, 2022 at 2:56 p.m. ET A Biden administration official on Friday put the blame on Russia for a cyberattack that hit Ukrainian banks earlier this week. “We believe that the Russian government is responsible for widescale cyberattacks on Ukrainian banks this week,” Deputy National Security Advisor for Cyber and Emerging Technology Anne […]

Feb 18
Gold futures settle below $1,900, but gain for the week

Gold futures fell on Friday to settle below the $1,900 mark, but still gained just over 3% for the week. While “war fears dominate the headlines, I believe the main driving force behind this rally remains rising inflation,” said Peter Spina, president and chief executive officer at GoldSeek.com, adding that there may be a $20 […]

Feb 18
Biden to speak on Russia and Ukraine after call with Transatlantic leaders

President Joe Biden will speak at 4 p.m. Eastern time on the U.S.’s “continued efforts to pursue deterrence and diplomacy, and Russia’s buildup of military troops on the border of Ukraine,” the White House said Friday. The speech is scheduled after a separate, 2:30 p.m. Eastern call with Transatlantic leaders, according to the White House. […]

Feb 18
Moderna to develop three new mRNA vaccine candidates

Shares of Moderna Inc. MRNA, -3.59% gained 0.1% on Friday after the company said it is now developing mRNA vaccines for herpes simplex virus, varicella-zoster virus (against shingles), and certain types of cancer, starting with advanced or metastatic melanoma and non-small cell lung carcinoma. The company’s stock is down 13.7% over the past year, while […]

Feb 18
Coronavirus tally: New daily cases fall to levels before omicron was dominant, while deaths stay above 2,300

There is more good news on the COVID front, as the daily average of new cases has fallen to the lowest level since Dec. 5, which is before omicron was the dominant variant of the coronavirus that causes COVID-19. The seven-day average of new cases totaled 113,964 on Thursday, down 68% from two weeks ago, […]

Feb 18
Rihanna's Fenty Beauty heading to Ulta on March 6

Rihanna’s Fenty Beauty brand will be on shelves at Ulta Beauty stores starting March 6th. Both Rihanna and Ulta made the announcement on Twitter, with the Grammy winner posting a snap of herself holding one of Ulta’s bright orange shopping bags, and the beauty retailer posting a video clip that plays on the popular Wordle […]

Feb 18
U.S. oil futures end with 2% loss as traders weigh Iran nuclear talks, Russia-Ukraine developments

Oil futures declined on Thursday, posting a loss of 2% as reports of progress in the Iran nuclear talks raised the potential for a release of more oil into the global market. “As the Iranian nuclear talks enter the final stage, we reiterate our view that if a new agreement is indeed reached, the country’s […]

Feb 18
KKR sees rotation into credit in 2022 amid volatility, after record leverage loan volume in 2021

U.S. leveraged finance issuance totaled a record $1.08 trillion in 2021, including $465 billion in high yield loans and $615 billion in U.S. institutional loans, according a report to be published Friday by KKR Credit, a unit of KKR & Co. Inc. KKR, -5.87%. While most of the eight sub-sets of the credit market turned […]

Feb 18
Dow books biggest drop since November as stocks end sharply lower on renewed Ukraine fears

U.S. stock benchmarks closed sharply lower Thursday, with the Dow Jones Industrial Average slumping more than 600 points, amid renewed worries that Russia may soon invade Ukraine. The Dow DJIA, -1.78% ended about 1.8% lower, while the S&P 500 SPX, -2.12% dropped about 2.1% and the tech-laden Nasdaq Composite COMP, -2.88% slid around 2.9%, according […]

Feb 18
Dropbox shares pop 8% on sales, earnings beat

Shares of Dropbox Inc. DBX, -5.30% initially popped 8% in extended trading Thursday after the software company reported fiscal fourth-quarter results that exceeded Wall Street analysts’ forecasts, and it topped $2 billion in annual sales. The company’s board also authorized a repurchase of an additional $1.2 billion of its Class A common stock. Dropbox posted […]