Offices of Illumina, in San Diego, California. Mike Blake | Reuters Check out the companies making headlines in midday trading. Illumina – Illumina shares surged 12.7% a day after the biotechnology co...
Tag: Business
Drs. Fauci, Walensky testify before Senate on U.S. omicron response
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] The top health leaders in the U.S. will testify before the Senate on Tuesday about...
United cuts flights as about 3,000 workers call out sick from Covid
Travelers push their luggage past baggage claim inside the United Airlines terminal at Los Angeles International Airport (LAX) during the holiday season as the coronavirus disease (COVID-19) Omicron v...
Russell Wilson, Ciara’s House of LR&C is opening its first pop-up store
A fashion start-up co-founded by singer and entertainer Ciara, NFL quarterback Russell Wilson and former Lululemon CEO Christine Day is preparing to open its first brick-and-mortar shop. The House of ...
CVS Health raises 2021 earnings outlook, backs 2022 forecast
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images CVS Health said Tuesda...
Bottlepay Gets FCA Approval as Crypto Business
The United Kingdom’s Financial Conduct Authority (FCA) is slowly approving the registration of crypto companies one at a time: the most recent one being NYDIG subsidiary Bottlepay, which is a Bitcoin-...
Jim Cramer says it’s an OK time to start a position in Uber
CNBC’s Jim Cramer said Monday he’s warmed up to Uber, suggesting the investment case for the ride-hailing and food-delivery company now contains more positives than negatives. “You&#...
Not recommending Nio or any Chinese stocks
Veru: “Veru is in [Phase 3] for a very important breast cancer indication. They just got fast-track designation by the FDA this morning. It’s at $5. It made no sense that the stock didn...
Rivian shares decline on 2021 production and executive departure
Rivian R1T all-electric truck in Times Square on listing day, on Wednesday, Nov. 10, 2021 in New York. Ann-Sophie Fjello-Jensen | AP Shares of Rivian Automotive fell 5% in afterhours trading Monday af...
Jim Cramer’s charitable trust bought stocks during Monday’s weakness
CNBC’s Jim Cramer said his charitable trust felt compelled to make purchases during Monday’s session after it began so negatively, especially in large-cap technology stocks. While the Nasd...
Pfizer CEO says two Covid vaccine doses aren’t ‘enough for omicron’
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Bel...
Abercrombie & Fitch trims holiday-quarter sales outlook
Customers exit an Abercrombie & Fitch store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Abercrombie & Fitch said Monday that it saw strong demand from consumers ...
Covid vaccine could be cleared in multiple countries soon
The Novavax coronavirus vaccine could be cleared by regulators for use in multiple countries, including the U.S., in the coming months, the vaccine maker’s CEO said Monday. The company has filed...
2021 ranks as fifth hottest year as carbon, methane emissions rise
A Cal Fire firefighter from the Lassen-Modoc Unit watches as an air tanker makes a fire retardant drop on the Dixie Fire as trees burn on a hillside on August 18, 2021 near Janesville, California. Pat...
5 things to know before the stock market opens Monday, Jan. 10
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq, S&P 500 both set to drop for 5 straight sessions The Nasdaq logo is displayed at th...
Johnson & Johnson splitting itself up could come with some risks
Johnson & Johnson announced in November that it plans to spin off its consumer business into a new publicly traded company by November 2023. The news didn’t surprise Wall Street. “The ...
Universal flu vaccine may be next big Moderna, Pfizer mRNA development
Employees in special suits test the procedures for the manufacturing of the messenger RNA (mRNA) for the Covid-19 vaccine in German company BioNTech, in Marburg, Germany on March 29, 2021. Abdulhamid ...
Moderna CEO says fall booster shots will likely target omicron
Moderna is working on a booster shot that will target the omicron variant of Covid for this fall as nations around the world prepare to distribute annual vaccinations against the virus. “We are ...
Pfizer CEO says omicron vaccine will be ready in March
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Bel...
Crocs sees fourth-quarter sales up 42%, capping an ‘exceptional year’
Footwear is offered for sale at a Crocs retail store on July 22, 2021 in Chicago, Illinois. Scott Olson | Getty Images Crocs said Monday it sees sales in 2021 climbing about 67% from 2020, more than i...
Lululemon says sees fourth-quarter earnings, sales hurt due to omicron
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon shares fell in premarke...
Alibaba Stock Gets a Target Price Cut. But It’s Still a Buy.
Text size Investors have been buying the big dip in Alibaba’s stock price. Greg Baker/AFP via Getty Images Analysts at Citigroup have slashed their target price on Alibaba stock—but they still s...
PayPal Is Exploring Creating Its Own Stablecoin as Crypto Business Grows
PayPal (PYPL) is looking into launching its own stablecoin as the company grows its crypto business, a company spokesman confirmed to CoinDesk on Friday. Sources told CoinDesk in September that PayPal...
PayPal Confirms Creating Its Own Stablecoin To Push Crypto Business
As part of its initiative to push crypto, PayPal Holdings Inc. is looking to release its own stable coin after the news was confirmed after the images and hidden codes indicating the “Paypal coin” wor...
Nearly 8% of the S&P 500 has taken a bath this week — 39 stocks fell at least 10%
This stock market is very sensitive to any hint of an increase in interest rates, so it may be no surprise that many tech high-flyers have been falling to earth. But there are others whose shareholder...