Category: Market News
The Federal Trade Commission has sued Facebook parent company Meta Platforms Inc. META, +6.55% to block it from acquiring virtual-reality company Within Unlimited. In a statement, FTC Bureau of Competition Deputy Director John Newman said, “Instead of competing on the merits, Meta is trying to buy its way to the top. Meta already owns a […]
This report has been updated to correct the nature of the vote. The U.S. Senate on Wednesday advanced a microchips and science bill to a final vote, with 64 senators voting in favor and 33 in opposition. The measure, which provides $52.7 billion for the chips industry, could get signed into law in a matter […]
Twitter Inc. TWTR, +0.44% reportedly plans to pare back its office space in several cities as looks to trim costs. A Bloomberg News reporter tweeted Wednesday that a Twitter internal memo detailed plans to cut back office sizes in San Francisco, New York, Tokyo, Mumbai, and Dublin. The tweet further noted that Twitter is contemplating […]
The U.S. House of Representatives late Tuesday passed the Medical Marijuana and Cannabidiol Research Expansion Act (H.R. 8454) by a vote of 325 to 95. Introduced on July 21 by Reps. Earl Blumenauer – a Democrat from Oregon, and Andy Harris, a Republican from Maryland – the measure resembles Senate Bill 253 passed by the […]
Pfizer Inc. PFE, +1.02% and German partner BioNTech SE BNTX, -1.63% said Wednesday they have started a Phase 2 study to evaluate an enhanced COVID-19 vaccine aimed at the original strain of the virus and the omicron variant that seeks to create a more robust and longer-lasting immune response. The new bivalent vaccine called BNT162b5 […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
Facebook parent company Meta Platforms Inc. META, -4.50% on Tuesday said it is raising the price of Meta Quest 2 headsets by $100 to $399.99 (128GB) and $499.99 (256GB), starting Aug. 1. The company reports second-quarter results on Wednesday. Rival Apple Inc. AAPL, -0.88% is reportedly readying a headset of its own, for a possible […]
U.S. stocks closed lower Tuesday as investors digested a profit warning from Walmart ahead of the Federal Reserve’s policy decision on interest rate hikes aimed at curbing high inflation. The Dow Jones Industrial Average DJIA, -0.71% fell around 0.7%, while the S&P 500 SPX, -1.15% slid 1.2% and the Nasdaq Composite COMP, -1.87% dropped 1.9%, […]
Mondelez International Inc. MDLZ, +0.29% late Tuesday reported adjusted second-quarter earnings above Wall Street expectations and increased its dividend by 10%, but said a stronger dollar could take a bigger chunk of its 2022 revenue growth. Mondelez said it earned $747 million, or 54 cents a share, in the quarter, compared with $1.08 billion, or […]
Shares of Enphase Energy Inc. ENPH, -1.12% rose more than 7% in the extended session Tuesday after the maker of solar microinverters and other solar-power products and monitors reported second-quarter earnings that were above Wall Street expectations, thanks in part to growing business in Europe. Enphase said it earned $77 million, or 54 cents a […]