Category: Market News
The Food and Drug Administration on Thursday told COVID-19 vaccine makers that plan to update their boosters to add a BA.4 and BA.5 spike protein component to the new shots that are in development. These “bivalent” boosters should equally target the two subvariants of omicron as well as the original strain of the virus and […]
Electric-truck maker Nikola Corp. NKLA, +0.85% adjourned its shareholder meeting for a second time to July 18 after a key proposal failed to pass, the company said Thursday. Nikola has sought to increase its authorized number of shares to 800 million, from the about 600 million it has, potentially to raise capital. Of those 600 […]
Digital asset exchange FTX is nearing a deal to acquire crypto lender BlockFi for $25 million, or a 99% discount to its most recent private-market valuation, according to a report in CNBC. The deal could take months to close, according to the report, but a term sheet could be signed by the end of this […]
U.S. stocks closed lower Thursday, ending the second quarter with steep losses that left the S&P 500 suffering its worst first half of a year since 1970. The Dow Jones Industrial Average DJIA, -0.82% fell around 250 points to close 0.8% lower, while the S&P 500 SPX, -0.88% dropped 0.9% and the Nasdaq Composite COMP, […]
Oil futures fell on Thursday to tally a loss for the month, but held on to a gain so far this year. The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, confirmed an existing agreement to boost production in August. The decision either illustrates the group’s “inability to boost production […]
Gold futures marked a fourth straight session decline on Thursday, ending more than 2% lower for the month, according to FactSet data. A “strong U.S. dollar and rising interest-rate expectations continue to weigh on the precious metal, with the metal once again unable to benefit from the ongoing risk aversion in the markets,” said Fawad […]
The U.S.-listed shares of Vipshop Holdings Ltd. VIPS, -4.92% sank 5.7% in morning trading Thursday, and have now tumbled TK% amid a four-day losing streak, after disclosing that a large shareholder, JD.com Inc. JD, -0.72%, sold off a chunk of its holdings in the past week. JD.com’s stock fell 2.0% in morning trading. In an […]
The Dow Jones Industrial Average’s DJIA, -1.82% is suffering a unanimous decline of 480 points, or 1.6%, as all 30 of the blue-chip barometer’s components are trading lower. The biggest point drags are the shares of Salesforce Inc. CRM, -5.33%, which are losing $8.05, or 4.7%, and of Goldman Sachs Group Inc. GS, -3.58%, which […]
Shares of Universal Health Services Inc. UHS, +1.08% tumbled 8.6% toward a two-year low in premarket trading Thursday, after the hospital and health care services company cut its earnings outlook, citing a “significant shortfall” in results during April and May. The company expects second-quarter adjusted earnings per share of $2.05 to $2.15, well below the […]
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