Tag: brokerswatch

Pfizer Inc. PFE, -1.21% said Thursday a Phase 3 trial of older adults testing its bivalent RSV vaccine candidate achieved 85.7% efficacy in participants with more severe disease. RSV, or Respiratory Syncytial Virus, is a contagious virus that’s defined by a group of respiratory symptoms that vary from mild to more severe. The virus affects […]

U.S. stocks finished modestly higher Wednesday, with all three major stock benchmarks ending a 3-session skid, as investors picked up shares after a sharp market selloff earlier this week. The Dow Jones Industrial Average DJIA, +0.18% rose about 61 points, or 0.2%, ending near 32,970, while the S&P 500 index SPX, +0.29% closed up 0.3% […]

Shares of SoFi Technologies Inc. SOFI, +4.54% were up more than 3% in Wednesday afternoon trading after President Joe Biden officially announced his intent to cancel $10,000 of student loans for borrowers making under $125,000 a year and to extend a moratorium on student-loan payments through the end of 2022. Mizuho analyst Dan Dolev called […]

U.S. oil futures climbed Wednesday, settling at a more than three-week high as traders reviewed reports of developments tied to the European Union’s draft Iran nuclear agreement. Oil prices fell when Bloomberg reported that Iran was assessing the U.S. response to the draft deal, then moved up when Iran International, citing reports from Al-Arabiya, tweeted […]

Gold futures ended with a modest gain, up a second straight session Wednesday. “Gold’s slide might not be over, but no one wants to aggressively be short right now,” said Edward Moya, senior market analyst at OANDA. “Gold is forming its pre-Jackson Hole range and it looks like it could be the $1,740 to $1,780 […]

First lady Jill Biden has tested positive for COVID-19 in a “rebound” case, her deputy communications director said Wednesday. “After testing negative on Tuesday, just now, the First Lady has tested positive for COVID-19 by antigen testing. This represents a ‘rebound’ positivity,” said Biden’s deputy communications director Kelsey Donohue in a statement. Biden, who left […]

Advance Auto Parts Inc. AAP, -9.53% stock is on track for its lowest close since July 1, when it closed at $173.64, and its largest one-day percentage drop since March 20, 2020, when it fell 12.73%. The auto-parts retailer late Tuesday reported mixed second-quarter results and lowered its outlook for the year, saying some of […]

President Joe Biden plans to give a speech at the White House at 2: 15 p.m. Eastern Wednesday, the White House press office said in a statement. The speech is coming as his administration looks poised to make an announcement on canceling student-loan debt and extending a pause on loan repayments.

Twitter Inc. TWTR, +2.41% received a letter from the Securities and Exchange Commission in June asking for more information on the company’s latest annual report and user-count methodologies, and Twitter responded to the inquiries later that month, according to letters released on the Edgar platform Wednesday. The SEC document from June 15 asked Twitter to […]

Shares of Turquoise Hill Resources Ltd. TRA, TRQ, +25.67% rallied 22% in premarket trades on Wednesday after Rio Tinto Plc RIO, -2.96% RIO, -2.31% said it would hike its offer to value the Canadian mining company at $3.1 billion. Rio Tinto increased its buyout price for the 49% of Turquoise Hill it doesn’t currently own […]