Coronavirus Update: How New York City became a hot spot — again
Coronavirus Update: How New York City became a hot spot — again
Coronavirus Update: How New York City became a hot spot — again
Also, a look ahead to the 2023 stock market; recession investing; and retirement planning.
Omicron subvariants continued to account for far more new COVID cases in the U.S. in the latest week than did BA.5, according to the CDC.
It’s hard to change legendary short seller Jim Chanos’ mind on some things. Tesla to be exact.
U.S. consumer sentiment rose to 59.1 in December, according to data from The University of Michigan on Friday.
U.S. bond yields head up on Friday after data shows that the wholesale price inflation rate picked up in November.
MarketWatch Live: Stocks slightly lower after U.S. inflation, sentiment updates
U.S. consumer sentiment jumps in December as inflation fears recede: U. of Mich.
U.S. stocks open lower on Friday, leaving the major equities indexes on track for a weekly loss, after November produce-price inflation was reported slightly higher than expected though the annual rate slowed.
Frost said he drove for Uber during his campaign to pay his bills.
Lower open following PPI data puts Wall St. stocks on track for weekly declines
When they post to social media, users often believe they're sending their thoughts out to the world, but companies don't always amplify those posts.
Bank of America resumed coverage on Credit Suisse with a buy rating now that the Swiss bank successfully raised 4 billion Swiss francs. The broker pointed out that it now has the same market cap as Julius Baer but is 1.5 times larger in wealth management, while also having a leading domestic bank and asset management business. Its new price target is 3.60 francs, or $3.83 per ADR, down from a pre-rights offering price of 4.20 francs.
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U.S. stock indexes opened lower on Friday after wholesale prices rose more than expected in November, dampening hopes that inflation might be cooling off. The Dow Jones Industrial Average lost 85 points, or 0.2%, to 33,717. The S&P 500 shed 0.2%, while the Nasdaq Composite declined by 0.3%. Three major indexes are on pace to book a week of sizable losses with the S&P 500 approaching a weekly loss of 3.1%. Technology stocks have declined even more, with the Nasdaq Composite down 4% so far this week. Читать дальше...
MarketWatch Live: Can we cast aside gloom in 2023? Yes, these top investors say.
Biden White House says it expects to ‘continue to work successfully with Sinema’
White House press secretary Karine Jean-Pierre said in a statement Friday that the Biden administration understands that Sen. Kyrsten Sinema's decision to "register as an independent in Arizona does not change the new Democratic majority control of the Senate, and we have every reason to expect that we will continue to work successfully with her." Jean-Pierre also said the Arizona lawmaker "has been a key partner on some of the historic legislation President Biden has championed over the last 20 months... Читать дальше...
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
Gilead Sciences Inc. said Friday that it will co-develop and co-commercialize Arcellx Inc.'s multiple myeloma treatment candidate, which is currently in Phase 2 clinical trials. Gilead will pay Arcellx $225 million upfront, plus make a $100 million equity investment in the company. The deal, which will reduce Gilead's GAAP and non-GAAP earnings per share next year by 16 cents, is expected to close in the first quarter. Gilead's stock is up 37.0% over the past three months, while Arcellx shares... Читать дальше...
U.S. stock futures tumbled on Friday, erasing earlier gains, after the latest batch of inflation data showed producer prices accelerated faster than some economists expected last month. Futures for the Dow Jones Industrial Average DJIA were off 158 points, or 0.5%, at 33,885 after the data, erasing an earlier gain. Futures for the S&P 500 SPX tumbled 21 points, or 0.6%, to 3,944, while futures for the Nasdaq 100 were down 68.25 points, or 0.6%, to 33,885. The core producer price index rose 0.4% during the month of November... Читать дальше...
Ryman Hospitality Properties said Friday it's increasing its fourth-quarter dividend to 25 cents a share, from 10 cents a share in the third quarter. Shareholders of record as of Dec. 30 will be paid the dividend on Jan. 17. Shares of Ryman Hospitality Properties are down 3.4% in 2022 compared to a 29.2% drop by the Nasdaq .
Читать дальше...This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
Swedish telecommunication equipment maker Ericsson said it's reached a global cross-license for patented cellular standard-essential technologies with Apple that ends all ongoing patent-related legal disputes between the parties. Including effects of the agreement with Apple covering sales from January 15, 2022, and including ongoing IPR business with all other licensees, Ericsson estimates the fourth quarter 2022 IPR licensing revenues will be 5.5 billion ($530 million) to 6 billion Swedish kronor. Читать дальше...
U.S. annual wholesale-level core inflation rate cooled to 4.9% in November: PPI
U.S.-listed shares of China Jo-Jo Drugstores Inc. were up about 21% in premarket trading on Friday. The company, which is based in Hangzhou, China, operates drugstores and an online pharmacy in China. It is also a wholesale distributor for pharmacy products and grows and sells herbs used for traditional Chinese medicine. There is growing concern about the number of people in China who are getting sick with COVID-19 as the country loosens restrictions. Drugstores have been mobbed by customers... Читать дальше...
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