Tag: Marketwatch

African American homeowners drew the lowest mortgage refinancing approval rate by lenders nationwide and also had the lowest number of applicants, according to a study in a Bloomberg article published Friday. Forty-seven percent of black homeowners who completed a refinance application with Wells Fargo WFC, +2.87% in 2020 were approved, compared with 72% of white […]

Shares of Nektar Therapeutics Inc. NKTR, -60.87% tumbled 44.7% in premarket trading on Monday after the company said a combination of its experimental therapy bempegaldesleukin in combination with Bristol Myers Squibb Co.’s BMY, +0.54% Opdivo failed as a treatment for melanoma. The companies had tested the combination against Opdivo in a Phase 3 clinical trial […]

Academy Sports & Outdoors Inc. ASO, +8.65% shares jumped nearly 10% on Monday after it was announced the retailer would join the S&P Small Cap 600 Index SML, -1.17%, effective prior to the opening of Wednesday trading. Academy Sports replaces Kraton Corp. KRA, +0.02%, which is being acquired by DL Chemical Co., Ltd. Academy recently […]

Gold futures settled lower on Monday, with prices down a second straight session to their lowest finish since March 3. “It looks like precious metals, as well as other commodities, have got past their initial shock at Russia’s invasion,” Adrian Ash, director of research at BullionVault, told MarketWatch. The rally in most Western stock markets […]

JPMorgan Chase & Co. JPM, +0.99% on Monday said masking in its corporate office buildings will be completely voluntary for both vaccinated and unvaccinated colleagues, effective immediately, according to an internal memo published by CNBC. The bank also said as of April 4 it will discontinue mandatory testing for the unvaccinated, as well as asking […]

China would face “consequences” if it helps Russia in its war against Ukraine, White House press secretary Jen Psaki told reporters on Monday. The Biden administration’s warning came following a meeting between National Security Adviser Jake Sullivan and Yang Jiechi, a member of China’s Politburo, in Rome. Psaki did not detail potential consequences. A White […]

Oil futures finished lower Monday, on reports that the U.S. may reach a deal to lift sanctions on Venezuelan oil, which would help ease any losses from Russia following its invasion of Ukraine. Oil prices sold off early on peace talks between Russia and Ukraine, then bounced back a bit when it seemed those talks […]

Key Democratic Sen. Joe Manchin of West Virginia said in a statement on Monday that he’s “unable to support” the nomination of Sarah Bloom Raskin by President Joe Biden to serve on the Federal Reserve’s Board of Governors, according to multiple published reports. “Her previous public statements have failed to satisfactorily address my concerns about […]

The Food and Drug Administration’s approval on Friday of AstraZeneca’s Lynparza as a treatment for some people with early-stage breast cancer could bring in $1.5 billion in annual revenue for the company. U.S.-listed shares of AstraZeneca AZN, +1.98% AZN, +1.06% were up 1.5% in trading on Monday. SVB Leerink analyst Andrew Berens told investors in […]

Bob Iger, former chairman and chief executive of the Walt Disney Co. DIS, -1.41% is investing in and joining the board of Genies, an avatar technology company. Iger will join Bond’s Mary Meeker, NEA’s Rick Yang, Genies CEO & co-founder Akash Nigam, and Genies co-founder Evan Rosenbaum on the board. “We believe that avatar ecosystems […]