Category: Stock Market
Polaris Inc. PII, +1.88% said Tuesday its third-quarter net income rose to $186.3 million, or $3.10 a share, from $114.6 million, or $1.84 a share, in the year-ago quarter. Adjusted earnings were $3.25 a share in the latest quarter. Third-quarter revenue increased to $2.34 billion from $1.78 billion. Wall Street analysts expected the Medina, Minn.-based […]
President Joe Biden will unveil a fresh push Tuesday to persuade Americans to get an updated COVID booster ahead of the holiday season, and will stress that boosters are free and offer protection against newer variants that are spreading fast. Biden will receive his own jab and will call on state, local, education and business […]
The Dow Jones Industrial Average DJIA, +1.34% led major stock indexes higher in the final hour of trading on Monday, as investors clung to the hope that disappointing economic data might convince Federal Reserve policy makers to back off aggressive rate hikes by year-end. The Dow was up almost 500 points, or 1.6%, while the […]
The Federal Trade Commission is seeking to sanction online alcohol marketplace Drizly and its CEO James Cory Rellas over allegations that security failures led to a breach that exposed the personal information of roughly 2.5 million customers, the agency said Monday. According to a complaint, the company, a subsidiary of Uber Technologies Inc. UBER, -1.32%, […]
The U.S. Justice Department has taken several actions to disrupt criminal activity by individuals working on behalf of the government of the People’s Republic of China, said U.S. Attorney General Merrick Garland during a news conference on Monday. Garland said two Chinese intelligence officers have been charged with attempting to obstruct a criminal prosecution of […]
President Joe Biden on Monday warned again of dire consequences for the U.S. economy if there’s a default on the federal debt, saying “there’s nothing that would create more chaos, more inflation and more damage to the American economy.” Speaking at Democratic National Committee headquarters, Biden said he would not cut Social Security or Medicare, […]
Gold futures finished slightly lower on Monday, following last week’s modest rise. The precious metal found support Friday on the back of softer U.S. yields. Those softer U.S. yields could “play in favor” of gold if the market sees a material pullback in Federal Reserve interest-rate hike expectations, but that view “is data dependent,” said Ipek Ozkardeskaya, senior […]
U.S. stocks opened higher on Monday after a volatile night of trading for futures as investors continued to react to shifting expectations about the future pace of Federal Reserve rate hikes. The S&P 500 SPX, +0.77% rose 12 points, or 0.3%, to 3,763. The Dow Jones Industrial Average DJIA, +1.04% gained 184 points, or 0.6%, […]
Shares of Vaxcyte Inc. PCVX, +70.17% soared 46.7% in premarket trading on Monday after the company said its experimental 24-valent pneumococcal conjugate vaccine met the primary endpoint in a Phase 1/2 clinical proof-of-concept study. The vaccine was tested in healthy adults. The company said it plans to advance its vaccine candidate into Phase 3 clinical […]
Rishi Sunak will become the next U.K. prime minister after his last competitor, Penny Mordaunt, withdrew, just minutes before a deadline to get support from 100 lawmakers. Sunak, the former chancellor of the exchequer, will become the first ethnic minority leader of the U.K. Sunak is set to speak in the next half hour.