'We want every family who qualifies for the Child Tax Credit to receive it, because you deserve it,' Vice President Kamala Harris said.
Shares of Moderna (NASDAQ: MRNA) jumped 8.4% to a record closing high of $419.05 on Wednesday, as investors bid up the biotech's stock price ahead of its upcoming earnings announcement. Moderna said on Tuesday that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for its mRNA vaccine candidate against respiratory syncytial virus (RSV) in adults older than 60. The Fast Track designation will accelerate the FDA's review of Moderna's drug.
Shares of Novavax (NASDAQ: NVAX) surged 18.7% on Wednesday after the biotechnology company struck a deal to supply as many as 200 million doses of its coronavirus vaccine candidate to the EU. Should Novavax's vaccine obtain regulatory approval, the European Commission (EC) will purchase up to 100 million doses. Novavax hopes to complete the rolling submission for its drug to the European Medicines Agency in the third quarter.
There’s an old saying in the markets that you should ‘sell in May and go away.’ It’s a reference to long-noticed trend of summertime swoons, when market trading slows, or even dips, especially in August. Recent statistical research by CFRA research has quantified the phenomenon. Since 1945, they say, August is the year’s third-worst month for returns on the S&P 500, on average. The trend is particularly marked in years when the index set record high levels in July. A report from LPL Financial ad
What happened Shares of BioNTech (NASDAQ: BNTX) had jumped 11.8% higher at 11:42 a.m. EDT on Wednesday. The gain came after The New York Times reported that the U.S. Food and Drug Administration will likely approve the Pfizer-BioNTech COVID-19 vaccine by early September.
Yahoo Finance's Jared Blikre joined Yahoo Finance Live to break down the key takeaways from Roku's recent earnings report.
Brian Sozzi gives us his take on Weber Grills ahead of the company’s IPO debut in the NYSE and also breaks down the features that differentiate Weber from other grill companies.
Shares of the movie theater stock fell after shareholders rejected a dilution plan and as Disney's "Black Widow" played well with the streaming audience.
Yahoo Finance's Ines Ferre joined Yahoo Finance Live to break down Etsy's latest earnings report.
Shares of BeyondSpring (NASDAQ: BYSI) soared on Wednesday after the pharmaceutical company released promising clinical trial results for its investigational lung cancer treatment. A phase 3 trial of BeyondSpring's plinabulin treatment in combination with chemotherapy medication docetaxel to treat second and third line non-small cell lung cancer (NSCLC) reached its primary endpoint of statistically significant improvement in overall survival versus docetaxel alone. The combination treatment study also met its secondary endpoints, including significantly improving overall response rate (the proportion of patients whose tumor is reduced by a drug), progression-free survival rate, and 24- and 36-month overall survival rates.
Shares of Alteryx (NYSE: AYX) were taking a dive today after the data analytics company once again offered up a disappointing earnings report. Alteryx beat estimates with its second-quarter earnings report.
In this article, we discuss the 10 stocks Reddit is piling into before earnings. If you want to skip our detailed analysis of these stocks, go directly to 5 Stocks Reddit is Piling Into Before Earnings. The stock market is on track to register a strong earnings quarter as more firms release their second quarter […]
Yahoo Finance’s Jared Blikre reports on the day's trending tickers.
The market for 3D interactive content, including video games and 3D entertainment, is expanding rapidly. Due to the COVID-19 pandemic, user engagement has risen across both 3D entertainment platforms and mobile gaming, as more users play 3D video games or indulge in 3D virtual experiences. According to an RBC Capital report, the mobile gaming total addressable market (TAM) was worth $91 billion last year, representing more than half of the total global gaming market, which is worth $175 billion.
Shares of Zoom Video Communications (NASDAQ: ZM) were rising today on seemingly no company-related news. The maker of the popular video-calling app, Zoom, saw its share price jump today, likely because some investors are concerned that rising COVID-19 cases caused by the delta variant are bringing more restrictions. Zoom's app became the go-to service for communicating with friends, family, and colleagues during strict lockdowns and social distancing last year, and that helped drive up Zoom's share price in 2020.
One of the standout features of the second quarter earnings reports released so far has been the incredible strength of digital advertising. Next week The Trade Desk, Inc. (NASDAQ:TTD) will be releasing second quarter results. It will be interesting to see how much of the growth in digital ad spend the company is capturing.
Yahoo Finance’s Alexandra Canal to break down Rihanna’s path to becoming a billionaire and Jeff Bezos being dethroned as the world’s richest person.
After a heady rally in the first half of 2021, Avis Budget Group (NASDAQ: CAR) stock suffered one of its worst declines so far this year on Wednesday, finishing the session down 16.6%. Avis Budget reported its best quarter in history on the evening of Aug. 3. From one of its worst-ever quarters this time last year to its best-ever quarter today, Avis Budget's turnaround is nothing short of remarkable.
Consistent with the overall bearish mood that's driving the S&P 500 and Dow Jones Industrial Average lower today, shares of fuel cell leaders Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) are also slipping. As of 3:40 p.m. EDT, the stocks of Plug Power and Bloom Energy are down 2.8% and 3.7%, respectively. Plug Power's decline may seem confusing today considering the company's news this morning.
Shares of Lumen Technologies (NYSE: LUMN) (formerly CenturyLink) were down 8.8% at market close on Wednesday. The tumble in share price followed the company's second-quarter 2021 earnings update, which showed a 5% year-over-year decline in revenue to $4.92 billion, but a 34% increase in free cash flow to $993 million. Lumen remains highly profitable, but its sales have been stuck in stubborn decline for years as legacy telecom services slowly but steadily lose value over time.
The engine-maker posted interim profits of £393m in a marked improvement from mammoth losses of £5.4bn a year ago.