Economic Report: Coming up: PCE inflation index and consumer spending
frederic j. brown/Agence France-Presse/Getty ImagesThe so-called PCE price index, the Federal Reserve’s preferred inflation gauge, is forecast to rise 0.9% in March largely due to...
AbbVie’s stock is down 3% after missing on revenue in the first quarter of 2022
Shares of AbbVie Inc. were down 3.4% in premarket trading on Friday after the company missed on revenue in the first quarter of the year....
Raymond James downgrades title company Old Republic as mortgage refinancing cools
Raymond James analyst C. Gregory Peters on Friday cut his rating on title insurance provider Old Republic International Corp. to outperform from strong buy and...
Stocks open lower, on track for worst month since March 2020
Stocks opened lower Friday, weighed down as shares of Amazon.com Inc. and Apple Inc. lost ground after quarterly updates. The Dow Jones Industrial Average fell...
FDA advisory committee to review Novavax’s COVID-19 vaccine candidate in June
Shares of Novavax Inc. jumped 10.8% in trading on Friday after the Food and Drug Administration announced that an advisory committee is set to meet...
Cowen shares rally on stronger-than-expected profit
Cowen Inc. rose 5.8% on Friday after the investment bank and brokerage company said its first-quarter net income fell to $33.3 million, or $1.05 a...
Amazon’s stock suffering biggest selloff in more than 10 years, is wiping out $183 billion in market cap
Shares of Amazon.com Inc. tumbled 12.5% in morning trading Friday, enough to pace the S&P 500's losers, after the ecommerce giant reported a surprise first-quarter...
Walmart launches swim and activewear brand, Love & Sports
Walmart Inc. announced the launch of a new exclusive brand, Love & Sports, created with fashion designer Michelle Smith and indoor cyclist Stacey Griffith. Items...
Moderna files for authorization of its COVID-19 vaccine in young children in Europe
Shares of Moderna Inc. said Friday that it asked the European Medicines Agency to authorize its COVID-19 vaccine for use in children between the ages...