Moderna's stock surged after the biotech company reported a surprise profit in the fourth quarter, driven by strong international sales of its Spikevax COVID-19 vaccine and the recognition of deferred revenue from Gavi, the Vaccine Alliance.
Shares of Moderna jumped 9.5% higher after the biotech company reported a surprise profit in its Q4 results, driven by strong international sales of its COVID-19 vaccine Spikevax.
Intel CEO Pat Gelsinger announced that Intel's own fabs are open to producing chips for rival AMD, marking a departure from their historical competition and positioning Intel as a foundry for various tech companies.
AT&T experienced widespread network outages, affecting cellular service and internet, with over 32,000 outages reported by customers, potentially hindering the ability to make emergency calls.
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Honda's Prologue electric vehicle, built on General Motors' Ultium platform, differentiates itself from the Chevrolet Blazer EV with its unique style and interior, appealing to the US midsize crossover market.
Honda is introducing its first long-range EV, the Honda Prologue, to the North American market in spring 2024, with a range of nearly 300 miles and competition against popular models such as the Tesla Model Y and Ford Mustang Mach-E, thanks to a partnership with General Motors and the use of its Ultium platform.
The Dow Jones and other major stock indexes surged in premarket trading due to strong earnings results from chip maker Nvidia and better-than-expected jobless claims numbers.
EV startup stocks Rivian and Lucid dropped significantly after reporting Q4 earnings and revenue, and announcing no plans to increase production in 2024.
Rivian founder RJ Scaringe blames historically high interest rates and a lack of attractive EV options in the market for the firing of employees and stagnant sales, as the company's future relies on the success of its new R2 mid-size SUV model.
Two members of the FANG group, Netflix and Meta stock, have been identified as top profit bets with raised profit estimates, despite Meta's significant growth in 2023.
Tens of thousands of AT&T customers experienced outages in their home phone, internet, and mobile phone services, with mobile phone service being the most affected, leading to calls for compensation and the use of Wi-Fi calling until service is restored.
Several U.S. cell service providers, including AT&T, are experiencing outages, with thousands of customers reporting no service, and some areas are facing difficulties with 911 service.
Healthcare real estate investment trust (REIT) Medical Properties Trust is making progress in rebuilding its liquidity through asset sales and lease agreements, providing hope for a positive turnaround after a period of significant value decline.
Novavax has resolved a dispute with Gavi over undelivered COVID-19 vaccine doses, agreeing to repay $400 million instead of the original $700 million, and will provide annual vaccine credits for low-income countries.
Japan's benchmark Nikkei 225 index has surged past its 1989 record, closing at 39,098.68, fueled by strong interest from foreign investors, gains in corporate earnings, and increased investments in stocks by institutions like the Government Pension Investment Fund.
Boeing's manufacturing quality control and troubleshooting issues, combined with heavy reliance on suppliers and strategic missteps, have caused a series of safety concerns, delays, and financial losses, jeopardizing the company's recovery and reputation.
Japan's stock market, the Nikkei, reached a new record high due to strong gains in semiconductor stocks, improved corporate earnings, a weaker yen, and increased foreign investment.
Restaurants in America are facing a labor crisis due to a shortage of qualified workers, resulting in deteriorating dining experiences, and some establishments are innovating their business models by eliminating tipping, reducing waitstaff, and implementing dynamic pricing to attract and retain employees.
Investing in dividend stocks, such as Enterprise Products Partners, PennantPark Floating Rate Capital, and Altria Group, can provide a safe and lucrative way to generate annual income.
The California Public Utilities Commission is considering a waiver request by AT&T to eliminate copper-wire landline service, which has drawn opposition from consumers, particularly senior citizens who rely on the reliability and affordability of landlines.
Shares of electric vehicle maker Rivian Automotive dropped over 15% in Wednesday's extended trading session after reporting a wider-than-expected loss for Q4 and weak production guidance for 2024, leading to a 10% reduction in its salaried workforce as it aims to manage costs amid softening EV demand.
The leader of Boeing's troubled 737 Max program, Ed Clark, is leaving the company as part of a wider shake-up of the commercial airplane division aimed at improving quality and safety, following a recent incident where a panel blew out during a passenger flight.
An United Airlines flight was diverted to Chicago due to a bomb threat found in the plane's bathroom, resulting in the evacuation of over 200 passengers and crew members.
The executive leading Boeing's 737 Max program is leaving the company amid increased scrutiny and safety concerns after a recent incident where a hole blew in the side of a jet midflight.
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Investors have high expectations for Nvidia's upcoming earnings report, but even if the company exceeds expectations, there may be a negative reaction in the stock due to concerns about supply and a potential inventory correction.
MyPillow CEO Mike Lindell's company has been ordered to pay a $5 million arbitration award to a software developer who disputed Lindell's claims of election interference in the 2020 election. Lindell plans to appeal the ruling.
United Airlines is set to resume flights to Israel in March, becoming the first American carrier to do so since the Hamas terrorist attacks in October.
Rivian, the electric car maker backed by Amazon, is laying off 10 percent of its salaried workforce in an effort to cut costs after reporting a $1.5 billion loss in the last quarter, attributing the need for changes to a challenging macroeconomic environment and a focus on growth areas of the business.
The nationwide handle for sports betting in the United States reached $119.84 billion, with a 27.8 percent increase over the previous year and revenue hitting a record $10.92 billion, indicating the growing success of the industry since its legalization in many states.
Toyota is recalling 280,000 pickup trucks and SUVs in the U.S. to address a transmission issue that may cause the vehicles to move forward in neutral.
The U.S. Food and Drug Administration (FDA) warns against using smartwatches to measure blood glucose levels, stating that the technology is not accurate and could result in misdiagnosis.
Palo Alto Networks' strong quarterly results are overshadowed by cautious forward guidance and the CEO's remark about "spending fatigue," making it a less attractive time for investors to consider buying PANW stock.
Chipmaker Nvidia's profits grew 769% year-over-year, benefiting from the breakout year of artificial intelligence and surpassing analyst projections, as the company continues to ride the wave of massive AI investment.
Capital One is set to acquire Discover Financial Services in a $35 billion deal, merging two major U.S. credit card companies.
Lucid Motors plans to produce only 9,000 electric vehicles in 2024, a significant decrease from its initial prediction of 90,000 vehicles, as the company struggles with low demand and financial losses.
A United Airlines flight to Los Angeles made an emergency landing at O’Hare Airport in Chicago after a passenger left a bomb threat message in the restroom, but there was no actual threat found.
Home Depot has been ordered by the National Labor Relations Board to reinstate a worker who quit after refusing to remove a "BLM" slogan from their uniform, as the worker's actions were protected by federal law.
BuzzFeed is selling its pop culture start-up, Complex, to Ntwrk for $108.6 million, marking a significant discount from its 2021 purchase price, as BuzzFeed aims to pay off its debts and undergo strategic changes.
Dunkin' is launching its own caffeinated drink called Sparkd' Energy, which provides a revitalizing burst of energy and comes in various fruit flavors, and will be available for a limited time nationwide.
Buzzfeed, the digital media company, is laying off 16% of its workforce and selling music and culture-focused site Complex in an effort to reduce costs and increase profitability.
The FDA warns against smartwatches and rings that claim to measure blood sugar levels without needles, stating they could be dangerous and should be avoided.
U.S. healthcare technology giant Change Healthcare has confirmed a cyberattack on its systems, leading to a nationwide outage and disruption in the processing of prescriptions.
Amazon.com will be added to the Dow Jones Industrial Average, replacing Walgreens Boots Alliance, which reflects the growing dominance of tech stocks in driving market gains.
A federal judge affirms a $5 million arbitration award against MyPillow CEO Mike Lindell in favor of a software engineer who disputed Lindell's claims of election interference, with Lindell planning to appeal.
Real estate investment trust (REIT) Medical Properties Trust saw a 5% increase in its stock price following the release of quarterly and full-year results, despite posting negative revenue due to write-offs of rent and other line items for struggling tenant Steward Health.
Stocks rallied in the final hour of the session, recovering from earlier lows, as the Dow Jones Industrial Average and S&P 500 rose 0.1% and the Nasdaq Composite fell 0.3%, with the S&P 500 staging its largest intraday comeback since October 6, 2023, following the release of Federal Reserve meeting minutes and Nvidia earnings.
Lucid (LCID) reported a Q4 loss and lower-than-expected revenue, while APA Corporation (APA) and Marathon Oil (MRO) had mixed Q4 earnings results, and Nvidia (NVDA) posted better-than-expected Q4 results, leading to stock movements in after-hours trading.
A United Airlines flight from Newark to Los Angeles was diverted to Chicago due to a possible bomb threat, but the FBI stated that there is no ongoing threat to the public.