Category: Stock Market

U.S. stocks finished lower on Wednesday after the release of minutes from the Federal Reserve’s September policy meeting, wherein policy makers noted that inflation remained “unacceptably high.” The S&P 500 SPX, -0.33% closed 11.81 points, or 0.3%, lower at 3,577.03. The Dow Jones Industrial Average DJIA, -0.10% finished off 28.34 points, or 0.1%, at 29,210.85. […]

The U.S. Treasury Department’s office of inspector general is probing whether Florida Gov. Ron DeSantis improperly used COVID relief aid to pay for migrant flights, according to a letter to lawmakers from the agency. Deputy Inspector General Richard Delmar wrote to Massachusetts Democratic Sen. Edward Markey and five House members that the agency will “review […]

Shares of Nio Inc. NIO, +0.39% bounced 3.1% in premarket trading Wednesday of a five-month low in the previous session, as part of a broader market rally in the U.S. and China. Nio’s stock had closed Tuesday at the lowest price since May 11, after plunging 23.3% during a five-session losing streak. The bounce comes […]

The Lenders One Cooperative of more than 250 mortgage bankers said it’s opening its first three in-store locations at Walmart Inc. WMT, -1.13% stores in New Jersey and Florida, as part of a leasing deal announced in March. The first Walmart branch in Newton, N.J., is being operated by the cooperative’s Family First Funding LLC […]

The Centers for Disease Control and Prevention officially signed off on allowing children as young as 5 years old to get an updated COVID-19 booster shot. CDC Director Rochelle Walensky signed the decision memo on Wednesday afternoon, the same day that the Food and Drug Administration expanded the authorizations for Moderna Inc. MRNA, +8.58% and […]

Oil futures fell Wednesday for a third session in a row, with U.S. prices settling at their lowest since Oct. 4. Prices declined as “continued fears over future demand serve to cap the recent rebound,” said Michael Hewson, chief market analyst at CMC Markets UK. Continued concerns about future global demand and the bleak economic […]

Gold futures settled with a loss on Wednesday, as a rise in U.S. Treasury yields and strength in the dollar prompted prices to give back most of their gain from a day earlier. The precious metal is influenced by bond yields, and any messaging on interest rates and the “attempt to rein in inflation” from […]

Odeon Finco Plc, a unit of AMC Entertainment Holdings Inc. AMC, -3.35%, said Wednesday it is issuing $400 million of senior secured five-year bonds in a private offering. Proceeds of the deal will be used with cash in hand to repay term loans. The bonds are backed by AMC. Odeon Finco is fully owned by […]

GreenLight Biosciences Holdings GRNA, -2.68% said Wednesday that it was laying off 25% of its workforce as part of a “realignment” aimed at saving cash as it shifts its focus to near-term value drivers. The biotechnology company had 312 full-time employees as of March 31. As a result of the realignment, the company said it […]

The Energy Information Administration on Wednesday forecast that U.S. households that primarily use natural gas to heat their homes will likely spend an average of $931 this winter, which runs from October to March, up 28% from the amount they spent last winter. Natural-gas futures trade around 76% higher year to date, FactSet data show. […]