Tag: Marketwatch

U.S. health regulators authorized the use of Novavax Inc.’s NVAX, +0.27% COVID-19 vaccine, providing a new option that works differently than the two leading vaccines, but at a time when overall demand for vaccines and boosters is low, the Wall Street Journal reported. The Food and Drug Administration said adults 18 and older may receive […]

Walmart Inc. WMT, +0.24% said Wednesday that it has expanded the Spanish language search capabilities on its e-commerce site. As shoppers made the shift to e-commerce during the pandemic, the retail giant noticed a jump in the number of Spanish inquiries on its website, say Rini Joshi and Amit Vasant Bande, Walmart’s senior manager and […]

Traders of federal funds futures rapidly readjusted their expectations for the size of the Federal Reserve’s anticipated next rate hike on July 27, by boosting the likelihood of a 100-basis-point hike to 67% after Wednesday’s hotter-than-expected June reading of the consumer price index. That’s up from 7.6% on Tuesday, according to the CME FedWatch Tool, […]

Traders of federal funds futures rapidly readjusted their expectations for the size of the Federal Reserve’s anticipated next rate hike on July 27, by boosting the likelihood of a 100-basis-point hike to 67% after Wednesday’s hotter-than-expected June reading of the consumer price index. That’s up from 7.6% on Tuesday, according to the CME FedWatch Tool, […]

Published: July 13, 2022 at 1:48 p.m. ET Gold futures finished higher Wednesday, reversing an earlier loss as the U.S. dollar pulled back from gains seen after a hotter-than-expected reading for the June consumer price index. August gold rose $10.70, or 0.6%, to close at $1,735.50 an ounce. Gold weakened in early activity after the […]

Afterpay, a wholly owned subsidiary of Block Inc. SQ, -1.35%, said Wednesday that it has partnered with beauty chain Sephora to offer buy-now-pay-later services that will allow customers to pay for purchases over four installments. The service, which is available across digital and store channels, is expected to head to Canada this year. Block stock […]

U.S. stocks closed lower on Wednesday for the fourth day in a row after the latest consumer price index showed that headline inflation climbed to its highest level in 40 years last month. The S&P 500 SPX, -0.45% retreated 17.02 points, or 0.5%, to 3,801.78. The Dow Jones Industrial Average DJIA, -0.67% lost 208.54 points, […]

Horace Mann Educators Corp. HMN, -0.11% shares dropped Wednesday after the insurer lowered its forecast because of catastrophe losses that were above its 10-year average. Horace Mann shares fell 6% after hours, following a 0.1% decline to close the regular session at $37.52. The company forecast earnings of $2.10 to $2.30 a share for the […]

Walgreens Boots Alliance Inc. WBA, -1.92% said late Wednesday its board has declared a quarterly dividend of 48 cents a share, an increase of 0.5%. The dividend is payable on Sept. 9 to stockholders of record as of Aug. 19, the company said, and it raises the annual rate from $1.91 a share to $1.92 […]

Natural-gas futures climbed by more than 8% on Wednesday, supported by a forecast for warmer weather, which is expected to boost demand for the commodity, while oil posted a modest gain in the wake of a steep drop that pulled prices below $100 a barrel. The National Oceanic and Atmospheric Administration’s updated six to 14-day […]