President Joe Biden, speaking at the White House on Sunday some 12 hours after signing stopgap legislation to avert a federal government shutdown, called on House Speaker Kevin McCarthy and fellow Republicans to maintain the U.S.’s commitment to assist Ukraine in its ongoing defense against the Russian invasion that began in February 2022. McCarthy, the …
Continue reading “Biden calls on Republicans to ‘keep their word about support for Ukraine’”
U.S. stocks were higher Thursday in the final hour of trade, but off the session’s best levels as volatility in the $25 trillion Treasury market continued to be a key focus for investors. The Dow Jones Industrial Average DJIA, -0.47% was up about 107 points, or 0.3%, trading near 33,655, according to FactSet. The S&P …
Continue reading “Dow up 100 points in final hour of trade as 10-year Treasury yield steadies”
Tesla Inc. was sued Thursday by the U.S. Equal Employment Opportunity Commission, which alleges the EV maker violated federal law by “tolerating widespread and ongoing racial harassment of its Black employees” at its Fremont, Calif., plant, and by retaliating against those opposing the harassment. Black employees at the Fremont factory, Tesla’s TSLA, +1.56% first assembly …
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U.S. stocks finished higher on Thursday, with the S&P 500 notching back-to-back gains for the first time in two weeks, as the upward march of Treasury yields relented. The S&P 500 SPX, -0.27% gained 25.21 points, or 0.6%, to 4,299.72, the biggest gain since Sept. 14, according to preliminary closing data from FactSet. The Nasdaq …
Continue reading “U.S. stocks book back-to-back gains as Treasury yields retreat”
Novo Integrated Sciences Inc. NVOS, +48.36% shares more than doubled in the extended session Thursday after the tiny healthcare company said it or entered a $1 billion funding agreement for the next 15 years. Novo Integrated shares soared as much as 155% after hours, following a 15.4% decline to close at 20 cents, giving the …
Stocks closed mostly lower on Friday, with the S&P 500 cementing its biggest drop in a month since December, as a surge in bond yields knocked the wind out of this year’s rally in equities. The Dow Jones Industrial Average DJIA, -0.47% fell about 157 points, or 0.5%, ending near 33,508, according to preliminary FactSet …
Continue reading “Dow falls 160 points Friday, S&P 500 posts worst monthly drop since December”
SmileDirectClub Inc. shares plummeted in the extended session Friday after the company said it had voluntarily filed for Chapter 11 bankruptcy protection as founders seek to recapitalize the teeth-straightening business. SmileDirectClub shares SDC, -6.64%, which had been halted while up 0.9% in after-hours trading pending news, promptly dropped as much as 85% when trading in …
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Intel Corp. INTC, +1.05% shares rose for a fourth consecutive quarter Friday, giving the chip maker its longest quarterly winning streak in 13-and-a-half years. Intel shares rose 1.1% Friday to close at $35.55, for the stock’s fourth straight quarter of gains, its longest quarterly winning streak since the five-quarter streak ending with the first quarter …
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Biogen Inc. BIIB, -0.32% said late Friday the Food and Drug Administration approved its biosimilar version of Roche ROG, +0.30% ‘s arthritis treatment Actemra. Biogen said its treatment Tofidence, or tocilizumab-bavi, is the first FDA-approved biosimilar to tocilizumab, which Roche brands as Actemra. Biogen’s approval covers marketing for the treatment of moderately to severely active …
Continue reading “Biogen gets FDA approval for biotech treatment similar to Roche’s Actemra”
Cruise operators’ stocks are slumping after Carnival Corp. CCL, -4.99% on Friday warned of rising fuel prices that impacted the company’s earnings. Carnival’s stock plunged 8% in early-afternoon trading, while shares of Royal Caribbean Group RCL, -2.07% dipped 3%. Norwegian Cruise Line Holdings’ stock tumbled 5%. “While we’ve experienced volatility in fuel prices before, there’s …
Continue reading “Cruise operators’ stocks are sliding after Carnival warns of rising fuel costs”
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