Category: Market News
With U.S. stocks back in rally mode following Wednesday’s consumer-price index release for July, the Chicago Board Options Exchange Volatility Index, better known as the VIX, or the market’s “fear gauge”, has dropped below 20 for the first time since April, according to FactSet data. The index reached a session low of 19.79 as the […]
U.S. stocks opened higher Wednesday, with the technology-heavy Nasdaq Composite leading sharp gains, after an inflation reading for July was lower than expected and eased from June. The Dow Jones Industrial Average DJIA, +1.53% was trading 1.4% higher soon after the opening bell, while the S&P 500 SPX, +1.78% rose 1.7% and the Nasdaq Composite […]
Wendy’s Co. shares WEN, -0.47% slid 2.3% in premarket trade Wednesday, after the fast-food company posted weaker-than-expected revenue for the second quarter. Wendy’s had net income of $48.2 million, or 22 cents a share, for the quarter, down from $65.7 million, or 29 cents a share, in the year-earlier period. Adjusted per-share earnings came to […]
Moody’s MCO, -0.74% was downgraded to hold from buy at Deutsche Bank as part of a broader look at information services companies after earnings season. The broker left its price target on Moody’s unchanged, but said its price target represents a 60% premium to market multiples, while historically Moody’s trades at a 30% premium. Moody’s […]
Shares of Occidental Petroleum Corp. OXY, +3.95% rallied 3.6% in afternoon trading Tuesday, enough to pace the S&P 500’s SPX, -0.42% energy sector gainers, after the oil and natural gas company disclosed that Warren Buffett’s Berkshire Hathaway Inc. BRK.B, +0.15% boosted its stake in Occidental to more than 20%. Occidental disclosed in a late-Monday filing […]
Published: Aug. 9, 2022 at 3:20 p.m. ET President Joe Biden was not aware that the FBI would search former President Donald Trump’s Mar-a-Lago home in Florida late Monday, White House press secretary Karine Jean-Pierre said on Tuesday. “No one at the White House was given a heads-up,” she told reporters during a press briefing. […]
U.S. stocks finished lower Tuesday, with the Nasdaq Composite leading the way down, as investors await a fresh inflation report to help gauge if the Federal Reserve’s aggressive pace of rate hikes in 2022 has begun to cool the cost of living, pegged at a 41-year high in June. The Dow Jones Industrial Average DJIA, […]
The Food and Drug Administration granted an emergency authorization that allows healthcare providers to give out the Jynneos monkeypox vaccine to adults intradermally instead of subcutaneously. Injecting the vaccine into an upper layer of the skin is expected to allow more doses of the vaccine developed by Bavarian Nordic BVNRY, -5.97% to be made available […]
Shares of The RealReal Inc. REAL, -15.51% were sinking more than 11% in after-hours trading Tuesday after the luxury-goods reseller cut its forecast for the full year. The company posted a second-quarter net loss of $53.2 million, or 56 cents a share, compared with a loss of $71 million, or 78 cents a share, in […]
Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile […]
