Category: Market News
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
Shares of Athira Pharma Inc. apha plummeted 66.9% toward a record low in active afternoon trading Wednesday, enough to make them the biggest decliners trading on major market indexes, after the biopharmaceutical company said a Phase 2 study of its Alzheimer’s treatment failed to meet the primary endpoint. Trading volume spiked up to 18.1 million […]
Gold futures ended slightly lower on Wednesday, with prices for the precious metal down a third straight session. Traders and investors are focused on inflation and energy prices, said Chintan Karnani, director of research at Insignia Consultants. However, a “near recession outlook for the second half of the year can cause a pause in interest-rate […]
U.S. Energy Secretary Jennifer Granholm didn’t rule out banning fuel exports as she took questions from reporters during a briefing on Wednesday. President Joe Biden is “not proposing that at this moment, but he’s not willing to take tools off the table,” said Granholm, who is slated to meet with major U.S. refiners on Thursday. […]
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 5.6 million barrels for the week ended June 17, according to sources. The API, which released its data a day later than usual because of Monday’s Juneteenth holiday, also reportedly showed a weekly inventory climb of 1.2 million barrels for gasoline, while […]
Red Robin Gourmet Burgers Inc. RRGB, +5.26% said late Wednesday that Chief Executive Officer Paul Murphy will retire at the end of the year, when his employment agreement expires. Murphy will assist the fast-casual restaurant chain’s board in the search for a new CEO and will remain as a special adviser until the end of […]
U.S. stocks finished slightly lower on Wednesday after erasing their gains from earlier in the day during the final hour of trading. The Dow Jones Industrial Average DJIA, -0.15% finished 48.37 points, or 0.2%, lower at 30,481.80 after the Dow climbed more than 240 points earlier in the session. The S&P 500 SPX, -0.13% closed […]
Read Next Tesla stock selloff created ‘generational’ investment opportunity, analyst says The recent selloff in Tesla Inc.’s stock undefined has created a “generational investment opportunity” in one of the most compelling growth stories, said CFRA analyst Garrett Nelson, as he believes the electric vehicle market leader has long-term potential similar to technology disruptors such as […]
Altria Inc. shares MO, -8.61% slid 8.6% Wednesday, after a report that the Food and Drug Administration is preparing to order Juul Labs Inc. to take its e-cigarettes off the U.S. market. The report by the Wall Street Journal cited people familiar with the matter who said the decision could come as early as Wednesday. […]
The Federal Reserve should make sure that its rate increases do not push Americans into the unemployment lines, said Sen. Elizabeth Warren, the Democrat from Massachusetts, on Wednesday. “Inflation is like an illness, and medicine needs to be tailored to the specific problem. Otherwise you could make things a lot worse,” Warren told Fed Chairman […]