Category: Market News
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
Shares of Nokia Corp. NOK, +0.44% NOKIA, -0.91% rose 0.4% in premarket trading Friday, after the Finland-based network infrastructure company said it plans to start buying back up to EUR300 million ($341.8 million) of its stock on Feb. 14 at the earliest. The “first phase” of the company’s buyback plan, which is part of a […]
Stocks nudged higher in early trade Friday as investors weighed how aggressive the Federal Reserve will be in tightening policy a day after another hotter-than-expected inflation reading. The Dow Jones Industiral Average DJIA, +0.47% was up 50 points, or 0.1% at 35,292,while the S&P 500 SPX, +0.18% rose 0.1% to 4,506.63 and the Nasdaq Composite […]
Shares of Novavax Inc. NVAX, -4.13% gained 2.5% in premarket trading on Friday, the day after the company said its experimental COVID-19 vaccine had an 80% efficacy rate in teens. The results stem from a Phase 3 clinical trial that occurred when delta was the most dominant strain of the virus. The Food and Drug […]
The Tennessee Valley Authority said Thursday that service to its customers remains unchanged and there will be no interruption in wholesale power in reaction to newly-signed medical cannabis law in Mississippi. The TVA provides electricity to power companies operating in part of the state. “TVA has an obligation to serve our customers with safe, reliable […]
Shares of Bloom Energy Corp. BE, -3.37% rose more than 8% in the extended session Thursday after the alternative-energy company reported quarterly sales that were above expectations. Bloom said it lost $33 million, or 19 cents a share, in the fourth quarter, compared with $52 million, or 30 cents a share, in the year-ago quarter. […]
Chemours Co. stock CC, -1.58% fell more than 4% in the extended session Thursday after the chemicals company reported an adjusted profit below expectations. Chemours said it earned $233 million, or $1.40 a share, in the quarter, compared with $19 million, or 11 cents a share, in the year-ago quarter. Adjusted for one-time items, Chemours […]
President Joe Biden predicts his eventual pick for a Supreme Court justice will get a vote from Republicans. “I think whomever I pick will get a vote from the Republican side for the following reason: I’m not looking to make an ideological choice,” he said in excerpts of an NBC News interview released Thursday. He […]
Zendesk Inc.’s ZEN, +10.74% board on Thursday rejected an unsolicited takeover bid from Thoma Bravo LP and other private-equity firms in an all-cash transaction valued at $127 to $132 a share. Zendesk, which also faces a proxy fight from an activist investor seeking to torpedo its proposed purchase of SurveyMonkey parent company Momentive Global Inc. […]
Eli Lilly and Co. LLY, -1.49% said late Thursday it has inked a deal with the U.S. government to supply up to 600,000 doses of its investigational COVID-19 drug bebtelovimab for at least $720 million. The U.S. will accept the doses once the FDA grants the treatment an emergency-use authorization, the company said. Lilly has […]
