Moderna rally loses steam over COVID-19 vaccine worries
Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc , fell about 10% on Wednesday, as investor concerns grew about the prospects of...
Stocks rally on EU stimulus plan, euro gains
The euro and equity markets advanced on Wednesday as enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund offset...
Mgm Resorts to re-open its Las Vegas casinos on June 4
Mgm Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions related...
BlackRock says voted to split CEO, chairman roles at Exxon Mobil
Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman and against the reelection of two...
Wall Street gains amid economic hopes; tech shares decline
The Dow and S&P 500 rose on Wednesday, powered by banks stocks, as optimism for an economic recovery as lockdowns continued to ease overshadowed worries...
American Airlines CEO quells U.S. bankruptcy talk, says demand improving
American Airlines Group Inc’s is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down...
U.S. businesses slammed by pandemic but see some green shoots, Fed says
U.S. businesses continued to be hammered by the effects of the novel coronavirus epidemic in the United States into the middle of May, a Federal...
Occidental is sued by shareholders, bondholders over Anadarko merger
Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability...
Oil slides on U.S.-China tensions
Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed security law in Hong...
American Airlines not considering Chapter 11, demand improving: CEO
American Airlines Group Inc’s is not considering a Chapter 11 bankruptcy filing, CEO Doug Parker said in response to a question at a conference on...