Tag: Marketwatch
Shares of Moderna Inc. MRNA, -3.59% gained 0.1% on Friday after the company said it is now developing mRNA vaccines for herpes simplex virus, varicella-zoster virus (against shingles), and certain types of cancer, starting with advanced or metastatic melanoma and non-small cell lung carcinoma. The company’s stock is down 13.7% over the past year, while […]
There is more good news on the COVID front, as the daily average of new cases has fallen to the lowest level since Dec. 5, which is before omicron was the dominant variant of the coronavirus that causes COVID-19. The seven-day average of new cases totaled 113,964 on Thursday, down 68% from two weeks ago, […]
Rihanna’s Fenty Beauty brand will be on shelves at Ulta Beauty stores starting March 6th. Both Rihanna and Ulta made the announcement on Twitter, with the Grammy winner posting a snap of herself holding one of Ulta’s bright orange shopping bags, and the beauty retailer posting a video clip that plays on the popular Wordle […]
Oil futures declined on Thursday, posting a loss of 2% as reports of progress in the Iran nuclear talks raised the potential for a release of more oil into the global market. “As the Iranian nuclear talks enter the final stage, we reiterate our view that if a new agreement is indeed reached, the country’s […]
U.S. leveraged finance issuance totaled a record $1.08 trillion in 2021, including $465 billion in high yield loans and $615 billion in U.S. institutional loans, according a report to be published Friday by KKR Credit, a unit of KKR & Co. Inc. KKR, -5.87%. While most of the eight sub-sets of the credit market turned […]
U.S. stock benchmarks closed sharply lower Thursday, with the Dow Jones Industrial Average slumping more than 600 points, amid renewed worries that Russia may soon invade Ukraine. The Dow DJIA, -1.78% ended about 1.8% lower, while the S&P 500 SPX, -2.12% dropped about 2.1% and the tech-laden Nasdaq Composite COMP, -2.88% slid around 2.9%, according […]
Shares of Dropbox Inc. DBX, -5.30% initially popped 8% in extended trading Thursday after the software company reported fiscal fourth-quarter results that exceeded Wall Street analysts’ forecasts, and it topped $2 billion in annual sales. The company’s board also authorized a repurchase of an additional $1.2 billion of its Class A common stock. Dropbox posted […]
Abbott Laboratories ABT, -2.51% said late Thursday it is voluntarily recalling powder baby formulas, including its best-selling Similac, made in one plant in Michigan after it received four consumer complaints related to the bacteria Cronobacter sakazakii or Salmonella Newport in infants who had consumed powder infant formula made in the factory. “During testing in our […]
Shares of Shake Shack Inc. SHAK, -4.55% headed more than 6% lower in the extended session Thursday after the fast-casual restaurant reported a fourth-quarter loss that was greater than Wall Street expected and said the timing of a full recovery is still uncertain. Shake Shack said it lost $9.7 million, or 25 cents a share, […]
Gold futures climbed sharply on Thursday, topping the key $1,900 mark to settle at their highest since June of last year. “If Russia invades Ukraine, it will come with sanctions that will see the country all but locked out of the global financial system,” said Kyle Roda, market analyst at IG, in emailed commentary. “For […]