In this article WEED-CA BIIB UAL RCL MRNA CERN Check out the companies making headlines before the bell: Moderna (MRNA) – Moderna shares jumped 7.2% in the premarket after the drugmaker said a booster dose of its Covid-19 vaccine increased protection against the omicron variant 37-fold. Amid the spread of omicron, other vaccine makers are
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In this article EA UBI-FR A gamer uses a PS4 controller as he plays the new Ubisoft video game Watch Dogs Legion on October 28, 2020. Kenzo Tribouillard | AFP via Getty Images Gamers are a notoriously skeptical crowd. In 2018, for example, Electronic Arts faced huge backlash over a decision to let players pay
The stock market’s volatility jump may be in its early stages. Despite a bullish 2022 outlook, Wilmington Trust’s Meghan Shue expects the wild swings to ramp up as investors digest a less accommodative Federal Reserve and assess new risks tied to the Covid omicron variant. “While we’re overweight to equities, we’re holding elevated cash because
In this article DRI CERN WGO FDX RIVN EPAY Check out the companies making headlines before the bell: Darden Restaurants (DRI) – The parent of Olive Garden, Longhorn Steakhouse and other restaurant chains beat estimates by 5 cents with quarterly earnings of $1.48 per share and revenue that also topped forecasts. Same-restaurant sales jumped 34.4%,
The Federal Reserve raising interest rates next year would signal the central bank feels good about the country’s economic recovery, New York Fed President John Williams said Friday. “I go into next year feeling [like] the baseline outlook is a very good one. Therefore, actually raising interest rates would be a sign of a positive
Chris Ratcliffe | Bloomberg | Getty Images When Kickstarter unveiled its ambition to develop a blockchain-based crowdfunding system, the company characterized the move as a way to push creators closer to their audiences. “Backers should be able to easily discover and participate more deeply in projects, better control their data, and have more robust tools
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio BEIJING — Chinese electric car company Nio revealed Saturday a new sedan and custom augmented reality (AR) glasses that reduce the need for in-car screens. Augmented reality is a technology for imposing digital images over the real, physical world. For cars, the
In this article JNJ FDX ORCL RIVN MRNA JPM An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Check out the companies making headlines in midday trading. Johnson & Johnson — Shares of Johnson & Johnson fell 2.2%
Pedestrians stand in line at a Covid-19 mobile testing site at Columbus Circle in New York, on Dec. 5, 2021. Jeenah Moon/Bloomberg via Getty Images Covid cases are spiking in some parts of the U.S., and the highly contagious omicron variant is expected to fuel another virus wave headed into winter. In New York, some
In this article JPM Scott Mlyn | CNBC JPMorgan Chase is paying a $125 million fine to settle Securities and Exchange Commission charges that its Wall Street division allowed employees to use WhatsApp and other platforms to circumvent federal record-keeping laws. The SEC said Friday in a statement that JPMorgan Securities admitted to “widespread” record-keeping
Russia’s President Vladimir Putin and China’s President Xi Jinping (L-R on the screen) shake hands during an official ceremony, via teleconference, to launch Russian gas supplies to China via the eastern route. Mikhail Metzel | TASS | Getty Images BEIJING — International pressure may have pushed China and Russia closer together, but not enough for
Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. Leah Millis | Reuters While the Federal Reserve this week managed to clarify its near-term plans, there are still more than enough questions left for the long term to give investors anxiety. Markets initially reacted favorably to the Fed’s post-meeting statement Wednesday, in
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The ECB further cut its bond purchases on Thursday but vowed to continue
Federal Reserve Chairman Jerome Powell is seen delivering remarks on screens as a trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, December 15, 2021. Andrew Kelly | Reuters U.S. stock futures were slightly higher Wednesday evening after the Federal Reserve signaled it would be aggressive on
Katie Haun, Andreessen Horowitz General Partner CNBC One of the world’s top crypto investors is leaving Andreessen Horowitz to start her own venture capital fund. Katie Haun, who became Andreessen’s first female general partner in 2018, said her fund will launch next year with a focus on cryptocurrency and blockchain start-ups. Haun, a former federal
In this article 7203.T-JP RRD REGN VIR LLY DPZ Check out the companies making headlines before the bell: Toyota (TM) – Toyota gained 2.2% in premarket trading, after announcing it would produce a record 800,000 vehicles in January. Toyota is ramping up output to make up for prior production lost to parts shortages. Vir Biotechnology
Workers in front of the People’s Bank of China (PBOC) in Beijing, China, on Monday, Dec. 13, 2021. Andrea Verdelli | Bloomberg | Getty Images BEIJING — China’s retail sales missed expectations in November, while industrial production beat, the National Bureau of Statistics said Wednesday. Retail sales for November grew by 3.9% from a year
Tetra Images | Getty Images Thousands of taxpayers may still be waiting for a tax refund on unemployment benefits collected during the Covid pandemic, as the IRS grapples with a backlog of tax returns. The American Rescue Plan Act, a pandemic relief law, waived federal tax on up to $10,200 of unemployment benefits a person
JGI/Jamie Grill | Tetra images | Getty Images Have you hit your retirement savings goal ahead of schedule? If so, it may be time to protect that nest egg by unloading some stocks. The idea is to reduce investment risk and preserve savings. Stocks are an important building block in a retirement portfolio: They yield
In this article TSLA Maja Hitij | Getty Images News | Getty Images SpaceX and Tesla CEO Elon Musk sold another 934,091 shares of his electric car company, which are worth around $906.49 million, according to a pair of financial filings with the Securities and Exchange Commission published late Monday. He also exercised options to