Category: Market News
The CBOE Volatility Index, otherwise known as the VIX, or Wall Street’s “fear gauge”, surged Tuesday morning as U.S. stocks plunged in the wake of a “game-changing” August inflation report. The VIX, which is derived from movements in near-dated S&P 500 options, was up nearly 9% on the session at 26 VIX, +7.71% as U.S. […]
Peloton Interactive Inc. PTON, -7.10% announced Tuesday that its rental program was expanding nationally, allowing unlimited access to all of the at-home fitness company’s live and on-demand classes from $89 per month for the original Peloton Bike. The program, which was launched in select test markets earlier this year, would provide month-to-month membership, with no […]
Viavi Solutions Inc. VIAV, +2.52%, a provider of testing and monitoring equipment for networks, announced Tuesday that its board has approved a stock buyback program of up to $300 million. The new program replaces the former $200 million authorization which expires Sept. 30. The Chandler, Ariz.-based company also reaffirmed its first-quarter guidance for revenue of […]
Oil futures climbed on Monday, with the U.S. benchmark marking its highest settlement month to date. The “bullish trifecta pushing the envelope [Monday] are faltering Iranian nuclear discussions, broad based recovery in the U.S. capital markets and resilient strength in U.S. wage growth,” said Manish Raj, chief financial officer at Velandera Energy Partners. October WTI […]
Home Industries Published: Sept. 12, 2022 at 12: 38 p.m. ET MarketWatch comments Referenced Symbols Advertisement ABNB +1.21% Airbnb Inc. ABNB, +1.21% is on track for its longest winning streak on record, according to Dow Jones Market Data team. The stock is currently up 1.9% and has gained for nine of the past ten […]
Shares of Novavax Inc. NVAX, +0.32% were up 2.4% in trading on Monday after the company said its COVID-19 booster has been authorized in Europe for adults. Novavax’s stock has declined 77.3% so far this year, while the S&P 500 SPX, +0.78% is down 14.6%. Source: Marketwatch
Lands’ End Inc. LE, +6.29% on Monday named Andrew McLean as CEO-designate to succeed Jerome Griffith, who will retire as CEO on Jan. 27 and become executive vice chair of the company’s board. McLean, who is president, international of American Eagle Outfitters Inc. AEO, +5.57%, will join Lands’ End on Nov. 1. Griffith will remain […]
The World Anti-Doping Agency (WADA) is expected to keep cannabis on its prohibited substance list in 2023, The Wall Street Journal reported on Monday. The move comes after the U.S. Anti-Doping Agency pushed for a rule change on cannabis after sprinter Sha’Carri Richardson was suspended and cut from the U.S. Olympic team last year for […]
Shares of NIO Inc. NIO, +8.37% bounced into positive territory Thursday, again, to buck weakness in rival China-based electric vehicle makers, after J.P. Morgan analyst Nick YC Lai suggested they may be “bottoming out.” The stock was down as much as 2.8% earlier before reversing to rise 0.7% in morning trading, while XPeng Inc.’s stock […]
Gold futures ended lower on Thursday, pressured by remarks from Federal Reserve Chairman Jerome Powell that implied the central bank will continue to boost interest rate as it attempts to bring down inflation. U.S. initial jobless claims fell last week to a three-and-a-half-month low, “underscoring a robust jobs market even as the Fed launches monetary […]
