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22 Aug

Pfizer seeks U.S. authorization for vaccine booster retooled for Omicron

Pfizer Seeks U.S. Authorization For Vaccine Booster Retooled For Omicron

. People pose with syringe with needle in front of displayed Pfizer logo in this illustration taken, December 11, 2021. /Dado Ruvic/Illustration Pfizer Inc (NYSE:PFE) and German partner BioNTech said on Monday they had sought U.S. authorization for a COVID-19 vaccine booster retooled to target the Omicron variant, and would have doses available to ship immedi

22 Aug

S&P 500 Slips as Rising U.S. Yields Dent Growth Stocks

S&P 500 Slips As Rising U.S. Yields Dent Growth Stocks

By Yasin -- The S&P 500 slumped Monday, as growth sectors of the market including tech and consumer were under pressure from rising Treasury yields amid fears about Federal Reserve chairman Jerome Powell delivering a hawkish surprise later this week.  The S&P 500 fell 2.5%, the Dow Jones Industrial Average slipped 2.0%, or 676 points, the Nasdaq was down 2.6%.Tech stocks struggle

22 Aug

Meme stocks fall with AMC, Bed Bath in red

Meme Stocks Fall With AMC, Bed Bath In Red

2/2Reuters. A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. /Andrew Kelly2/2By Anisha Sircar, Medha Singh and John McCrank A clutch of stocks favored by retail traders tumbled on Monday in volatile trading as news that UK-based Cineworld warned of a possible bankruptcy sent AMC Entertainment (NYSE:AMC) Holdin

22 Aug

Antofagasta's Twin Metals sues Biden administration over Minnesota copper project

Antofagasta's Twin Metals Sues Biden Administration Over Minnesota Copper Project

2/2Reuters. U.S. President Joe Biden pauses as he speaks during a signing ceremony in the State Dining Room of the White House in Washington, U.S. August 16, 2022. /Leah Millis2/2 Antofagasta (LON:ANTO) Plc's Twin Metals subsidiary sued the Biden administration on Monday in a bid to reverse the cancellation of mineral leases for the company's proposed copper and nickel mine in

22 Aug

U.S. stock options traders see little drama around Fed’s Jackson Hole event

U.S. Stock Options Traders See Little Drama Around Fed’s Jackson Hole Event

. A traders watches Federal Reserve Chair Jerome Powell delivering remarks on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 15, 2022. /Brendan McDermidBy Saqib Iqbal Ahmed NEW YORK Federal Reserve policy has sparked big moves in markets this year, but options traders expect few fireworks around the central bank’s annual symposi

22 Aug

'Positioning and Declining Inflation to Support Further Recovery' - JPMorgan

'Positioning And Declining Inflation To Support Further Recovery' - JPMorgan

'Positioning and Declining Inflation to Support Further Recovery'JPMorganBy Sam BougheddaJPMorgan analyst Marko Kolanovic told investors in a note Monday that declining inflation and very low investor positioning will support a further recovery in markets.The analyst also maintained their stance that inflation will resolve on its own as "distortions fade, and likely drive a Fed pivot, while a s

22 Aug

Wall Street tumbles on fears of aggressive Fed

Wall Street Tumbles On Fears Of Aggressive Fed

2/2Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 17, 2022. /Brendan McDermid/File Photo2/2By Bansari Mayur Kamdar and Noel Randewich Wall Street tumbled on Monday as investors fretted about a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the c

22 Aug

California Declines Tesla’s Challenge to Racial Bias Lawsuit

California Declines Tesla’s Challenge To Racial Bias Lawsuit

. California Declines Tesla’s (TSLA) Challenge to Racial Bias LawsuitBy Michael ElkinsCalifornia's Office of Administrative Law, in a letter, declined to review Tesla Inc's (NASDAQ:TSLA) claim that the state's civil rights watchdog suing the company is rushing without conducting full investigations.The Department of Civil Rights (DCR) has filed a pending lawsuit against Tesla’s Fremont

22 Aug

Ned Davis Research Shifts to Bullish on Equities - Bloomberg

Ned Davis Research Shifts To Bullish On Equities - Bloomberg

Ned Davis Research Shifts to Bullish on EquitiesBloombergBy Sam BougheddaIndependent research firm Ned Davis Research is shifting to a bullish view on equities once again after ditching its call at the start of the year, reported Monday.The firm has reportedly moved to an overweight allocation on global stocks, the first time since January 20, a few days before the market sold off.Acc

22 Aug

Moscow Exchange to ban use of dollars as collateral from Aug. 29

Moscow Exchange To Ban Use Of Dollars As Collateral From Aug. 29

. A board with the logo is on display outside the office of the Moscow Exchange in the capital city of Moscow, Russia March 24, 2022. /Maxim ShemetovThe Moscow Exchange will ban the use of dollars as collateral to underwrite transactions, it said on Monday, as Russia seeks to cut dependence on currencies of nations that have imposed sanctions on it. A statement posted on

22 Aug

France stocks lower at close of trade; CAC 40 down 1.80%

France Stocks Lower At Close Of Trade; CAC 40 Down 1.80%

. France stocks lower at close of trade; CAC 40 down 1.80% – France stocks were lower after the close on Monday, as losses in the Financials, Basic Materials and Industrials sectors led shares lower.At the close in Paris, the CAC 40 fell 1.80%, while the SBF 120 index lost 1.82%.The best performers of the session on the CAC 40 were Sanofi SA (EPA:SASY), which rose 1.62% or 1.32 points to

22 Aug

Coupa Software 'Disproportionately Recession-Prone' - RBC

Coupa Software 'Disproportionately Recession-Prone' - RBC

. Coupa Software (COUP) 'Disproportionately Recession-Prone'RBCBy Sam BougheddaCoupa Software (NASDAQ:COUP) shares were downgraded to Underperform from Sector Perform with the price target cut to $55 from $65 by an RBC Capital Markets analyst on Monday.The analyst said the firm is downgrading the stock due to four main reasons, including their view that Coupa is "disproportionately reces

22 Aug

McDonald's director targeted by Icahn to leave in board shift

McDonald's Director Targeted By Icahn To Leave In Board Shift

2/2Reuters. The McDonald's logo is seen outside the fast-food chain McDonald's in New York, U.S., October 22, 2019. /Shannon Stapleton/File Photo2/2By Hilary Russ NEW YORK -McDonald's Corp has amended its board, the fast-food chain said on Monday, and the director being replaced had been targeted by activist investor Carl Icahn who sought to tighten the company's anima

22 Aug

PepsiCo Has 'Clear Upside' - Morgan Stanley

PepsiCo Has 'Clear Upside' - Morgan Stanley

. PepsiCo (PEP) Has 'Clear Upside'Morgan StanleyBy Sam BougheddaPepsiCo Inc (NASDAQ:PEP) was reiterated at Overweight by Morgan Stanley on Monday, with the firm stating the company's topline momentum is building, and the stock has clear upside against consensus.In a research note, a Morgan Stanley analyst also maintained a $198 price target on the stock, telling investors the topline ups

22 Aug

British Airways to cut winter schedule capacity

British Airways To Cut Winter Schedule Capacity

. A British Airways A320neo painted in new livery stands in a hangar at Heathrow Airport to launch the airline's BA Better World sustainability programme, in London, Britain August 7, 2021. /Sarah Young -British Airways would make further cancellations up to the end of October and tweak its winter schedule, the airline said on Monday, following Heathrow airport's

22 Aug

Ben & Jerry's loses bid to halt sales in West Bank

Ben & Jerry's Loses Bid To Halt Sales In West Bank

. Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. /Andrew KellyBy Jessica DiNapoli and Jonathan Stempel NEW YORK A federal judge on Monday rejected Ben & Jerry's attempt to force its parent company Unilever (NYSE:UL) Plc to immediately stop selling or marketing its ice cream in the Is

22 Aug

U.S. CDC recommends use of Novavax's COVID shot for adolescents

U.S. CDC Recommends Use Of Novavax's COVID Shot For Adolescents

. Vials with a sticker reading, "COVID-19 / Coronavirus vaccine / Injection only" and a medical syringe are seen in front of a displayed Novavax logo in this illustration taken October 31, 2020. /Dado Ruvic/IllustrationThe U.S. Centers for Disease Control and Prevention (CDC) on Monday signed off on the use of Novavax (NASDAQ:NVAX) Inc's COVID-19 vaccine for

22 Aug

China Grants Approval for Leapmotor Listing in Hong Kong

China Grants Approval For Leapmotor Listing In Hong Kong

China Grants Approval for Leapmotor Listing in Hong KongBy Michael ElkinsThe China Securities Regulatory Commission announced on Friday that they have granted approval for electric vehicle maker, Leapmotor, to issue a maximum of 290 million overseas listed foreign common shares.Leapmotor submitted its application for listing on March 17th with co-sponsors CICC, Citigroup, JPMorgan Chase an

22 Aug

British Airways to cut winter schedule capacity - Sky News

British Airways To Cut Winter Schedule Capacity - Sky News

. A British Airways A320neo painted in new livery stands in a hangar at Heathrow Airport to launch the airline's BA Better World sustainability programme, in London, Britain August 7, 2021. /Sarah YoungBritish Airways would make further cancellations up to the end of October and cut thousands of flights from its winter schedule following Heathrow airport's dec

22 Aug

Ford cuts 3,000 jobs as it pivots to EVs, software

Ford Cuts 3,000 Jobs As It Pivots To EVs, Software

. The wheel of a 2018 Ford Focus is displayed at the launch for the new model in London, Britain, April 10, 2018. /Hannah McKayBy Joseph White -Ford Motor Co said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla (NASDAQ:TSLA) Inc in the race to develop software-driven electric v

22 Aug

Ford Announces 3,000 Job Cuts

Ford Announces 3,000 Job Cuts

. Ford (F) Announces 3,000 Job CutsBy Michael ElkinsFord Motor Company (NYSE:F) announced on Monday that the company will cut 3,000 salaried and contract jobs as it restructures to catch up with Tesla (NASDAQ:TSLA) in the race for software driven electric vehicles. The cuts mark the company’s latest efforts to slash costs.Ford Chief Executive Jim Farley has been saying for months that he

22 Aug

Nasdaq slumps more than 2% on fears of aggressive Fed

Nasdaq Slumps More Than 2% On Fears Of Aggressive Fed

2/2Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 17, 2022. /Brendan McDermid/File Photo2/2By Bansari Mayur Kamdar and Devik Jain -Wall Street's main indexes tumbled on Monday in a dour start to the week as investors worried about hawkish signals from U.S. Federal Reserve policymakers against the backdrop of slowing economic

22 Aug

Ford cuts 3,000 jobs as it pivots to a software future

Ford Cuts 3,000 Jobs As It Pivots To A Software Future

. The wheel of a 2018 Ford Focus is displayed at the launch for the new model in London, Britain, April 10, 2018. /Hannah McKayBy Joseph White -Ford Motor Co said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla (NASDAQ:TSLA) Inc in the race to develop software-driven electric v

22 Aug

Apple's Potential NFL Sunday Ticket Deal 'Makes Sense' - Evercore ISI

Apple's Potential NFL Sunday Ticket Deal 'Makes Sense' - Evercore ISI

. Apple's (AAPL) Potential NFL Sunday Ticket Deal 'Makes Sense'Evercore ISIBy Sam BougheddaFollowing reports Apple (NASDAQ:AAPL) is the front runner favored to win NFL Sunday Ticket rights, an Evercore ISI analyst released a note to clients maintaining an Outperform rating and a $185 price target on the stock."The deal makes sense as a lever for driving incremental engagement and new cus