Category: Markets

Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced positive data from the Phase 2/3 trial evaluating the safety, tolerability, and immunogenicity of Omicron-adapted COVID-19 vaccine candidates against Omicron. The companies reported positive data from two trials-one as a monovalent and the other bivalent, a combination of the Pfizer-BioNTech COVID-19 Vaccine and a vaccine candidate targeting […]

Gold futures settled lower on Thursday, extending their slide to a fourth straight session, as the dollar stayed firm amid expectations of aggressive policy tightening by the central bank. The dollar index climbed to 104.55 this afternoon after having dropped to 104.20 earlier in the day. Gold futures for August ended lower by $8.60 or […]

In an airline industry note from Raymond James Thursday morning, analyst Savanthi Syth added Southwest Airlines Co. (NYSE: LUV) to her short list of U.S. airlines rated as a Strong Buy. At the same time, she downgraded Alaska Air Group Inc. (NYSE: ALK) from Strong Buy to Outperform and upgraded Frontier Group Holdings Inc. (NASDAQ: […]

Markets were somewhat mixed on Thursday after what has been a rocky and truncated trading week. The Nasdaq was pushing higher by nearly 50 basis points, while the S&P 500 was flat and the Dow Jones was lower by 25 basis points. Fed Chair, Jerome Powell, appeared before the Senate Banking Committee for the second […]

The recent market downturn has been rough for many sectors but, as implied in the name, consumer defensive stocks have held up reasonably well. One big Wall Street name thinks it has found a big winner within the group that could benefit greatly going forward. BMO Capital’s Kenneth Zaslow was the lead analyst on the […]

Peter Chun’s first impression of Melbourne when he migrated from Hong Kong as a child was the landscape. “I’ve never seen so much grass,” he says. “I don’t know if you’ve been to Hong Kong but obviously, we live in a shoebox. We live in high-rise apartments.” UniSuper’s new chief executive Peter Chun.Credit:Simon Schluter It […]

Markets bounced back on Wednesday, ahead of the Federal Reserve’s most recent announcement regarding monetary policy. After Monday’s crash, Wednesday’s bounce seems to be a case of “Buy the rumor, sell the news.” After Friday’s consumer price index print, this definitely seemed to be the case, and Monday’s session more or less solidified it. Bear […]

The three major U.S. equity indexes closed mixed Tuesday, with the S&P 500 Index dipping by 0.39% and the Dow Jones industrials closing down 0.5%. The Nasdaq added 0.18% after a disastrous Monday session. All three traded up by less than 1% in Wednesday’s premarket session, as traders and investors await the Federal Reserve’s interest […]

While the overall stock market has gone straight down this year, and there is a good chance that we have more damage awaiting us, one sector that continues to bring home the bacon is energy. With both Brent and West Texas Intermediate crude pushing toward the $125 a barrel level, and natural gas running hot […]

New York (CNN Business)The stock market has been one of President Donald Trump’s favorite metrics for how the nation is doing. The awkward part: The market hasn’t performed as well under his administration as it has under prior presidents. Between Trump’s inauguration in 2017 and Tuesday, his last full day in office, the S&P 500 […]