Category: Market News
Tesla Inc. TSLA, -2.28% Chief Executive Elon Musk’s lawyers issued a subpoena to Twitter Inc.’s TWTWR former chief executive Jack Dorsey related to the ongoing Twitter acquisition saga. Twitter has sued Musk as the company looks to force him to go through with his $44 billion deal for the social-media company. Musk in April agreed […]
U.S. stocks finished sharply lower on Monday after their worst session in two months as investors braced for a more hawkish Federal Reserve. The S&P 500 SPX, -2.14% slumped 90.49 points, or 2.1%, to 4,137.99. The Dow Jones Industrial Average DJIA, -1.91% fell 643.13 points, or 1.9%, to 33,063.61. The Nasdaq Composite COMP, -2.55% dropped […]
All three major U.S. stock indexes dropped to New York session lows Monday afternoon as investors came to terms with the prospect of continued rate hikes by the Federal Reserve. Dow industrials DJIA, -2.04% fell more than 600 points, or 1.8%, led by shares of Intel Corp. The S&P 500 SPX, -2.26% was down 2% […]
Dr. Anthony Fauci on Monday said in a statement that he plans to step down in December from the positions of director of the National Institute of Allergy and Infectious Diseases (NIAID) and chief medical adviser to President Joe Biden. Fauci, 81, said he’s “not retiring,” but rather plans to “pursue the next phase of […]
AMC Entertainment Holdings Inc.’s AMC, -38.86% AMC Preferred Equity Units, or APEs APE, , began trading on the New York Stock Exchange on Monday, opening at $6.95. The stock rose 36.2% to trade at $9.35 shortly after the open. Shares of AMC Entertainment Holdings Inc. plunged prior to the APE debut, falling 37.4% in premarket […]
AMC Entertainment Holdings Inc. shares AMC, -6.58% tumbled 33% premarket Monday, ahead of the start of trading for its AMC Preferred Equity Units APE, , or Apes, which were declared by the company as a special dividend to class A common shareholders earlier in August. “While we understand there was a notable level of initial […]
The Food as well as Drug Administration licensed Novavax Inc.’s NVAX, -2.58% COVID-19 vaccination for usage in U.S. teens on Friday. Novavax’s recombinant protein-based vaccination makes use of various modern technology than the mRNA shots established by Moderna Inc. MRNA, -2.60% and also BioNTech SE BNTX, +0.21%, as well as obtained an emergency-use consent by […]
U.S. supplies completed the week greatly reduced with mins from the Federal Reserve’s July conference as well as remarks from numerous Fed authorities suggesting the reserve bank still anticipated to relocate the benchmark price high sufficient to deal with high rising cost of living. The Dow Jones Industrial Average DJIA, -0.86% went down 292.30 factors, […]
Gold futures succumbed to a 5th straight session on Friday, their lengthiest such shedding touch considering that very early July, with costs clearing up at their least expensive in simply over 3 weeks. Stamina in the U.S. buck added to the decrease for dollar-denominated rates of the rare-earth element, with the ICE U.S. buck index […]
Shares of GigaCloud Technology Inc. GCT, +18043% soared once again in really unpredictable trading in their student session on the Nasdaq exchange, to trade at greater than four-times the going public rate. The Hong Kong-based business-to-business (B2B) ecommerce system for huge parcel goods went public on the Nasdaq on Thursday, after the business elevated concerning […]
