Category: Market News

Published: July 14, 2022 at 11:56 a.m. ET The U.S.-listed shares of Alibaba Group Holding Ltd. dropped 4.3% in midday trading Thursday, after The Wall Street Journal reported that Shanghai authorities called in the ecommerce giant’s cloud division for talks regarding the theft of a large police database earlier this month. The WSJ report said […]

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 58 billion cubic feet for the week ended July 8. That compared to an average forecast for an increase of 61 billion cubic feet from analysts polled by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.369 […]

Read Next Day one of Amazon Prime Day was the biggest U.S. online shopping day of 2022 so far The first day of Amazon undefined Prime Day generated $6 billion in sales, up 7.8% from last year, making it the biggest U.S. online shopping day of 2022 so far, according to the Adobe undefined Digital […]

U.S. health regulators authorized the use of Novavax Inc.’s NVAX, +0.27% COVID-19 vaccine, providing a new option that works differently than the two leading vaccines, but at a time when overall demand for vaccines and boosters is low, the Wall Street Journal reported. The Food and Drug Administration said adults 18 and older may receive […]

Walmart Inc. WMT, +0.24% said Wednesday that it has expanded the Spanish language search capabilities on its e-commerce site. As shoppers made the shift to e-commerce during the pandemic, the retail giant noticed a jump in the number of Spanish inquiries on its website, say Rini Joshi and Amit Vasant Bande, Walmart’s senior manager and […]

Traders of federal funds futures rapidly readjusted their expectations for the size of the Federal Reserve’s anticipated next rate hike on July 27, by boosting the likelihood of a 100-basis-point hike to 67% after Wednesday’s hotter-than-expected June reading of the consumer price index. That’s up from 7.6% on Tuesday, according to the CME FedWatch Tool, […]

Traders of federal funds futures rapidly readjusted their expectations for the size of the Federal Reserve’s anticipated next rate hike on July 27, by boosting the likelihood of a 100-basis-point hike to 67% after Wednesday’s hotter-than-expected June reading of the consumer price index. That’s up from 7.6% on Tuesday, according to the CME FedWatch Tool, […]

Published: July 13, 2022 at 1:48 p.m. ET Gold futures finished higher Wednesday, reversing an earlier loss as the U.S. dollar pulled back from gains seen after a hotter-than-expected reading for the June consumer price index. August gold rose $10.70, or 0.6%, to close at $1,735.50 an ounce. Gold weakened in early activity after the […]

Afterpay, a wholly owned subsidiary of Block Inc. SQ, -1.35%, said Wednesday that it has partnered with beauty chain Sephora to offer buy-now-pay-later services that will allow customers to pay for purchases over four installments. The service, which is available across digital and store channels, is expected to head to Canada this year. Block stock […]

U.S. stocks closed lower on Wednesday for the fourth day in a row after the latest consumer price index showed that headline inflation climbed to its highest level in 40 years last month. The S&P 500 SPX, -0.45% retreated 17.02 points, or 0.5%, to 3,801.78. The Dow Jones Industrial Average DJIA, -0.67% lost 208.54 points, […]