C&E Industry News Filter
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Biden will sign the Inflation Reduction Act today. Here’s MarketWatch’s rundown of how it will affect your energy bills, investments and drug costs.
President Joe Biden on Tuesday is scheduled to sign into law the Inflation Reduction Act — the Democrats’ big economic…
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First lady Jill Biden tests positive for COVID, and North Carolina Gov. Roy Cooper ends state of emergency
First lady Jill Biden has tested positive for COVID but is experiencing only mild symptoms as she prepares to isolate…
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Bed Bath & Beyond’s meme stock rockets on record volume, defying yet another analyst’s ‘sell’ call
Shares of Bed Bath & Beyond Inc. blasted off Tuesday, again, as the retail crowd defied, with renewed vigor, another…
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U.K. regulator is first to authorize Moderna’s bivalent COVID booster for 18-and-older population
The U.K. regulator has become the first to authorize Moderna’s bivalent COVID vaccine booster for use in adults aged 18…
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CDC ends quarantine recommendation for people exposed to COVID, and FDA recommends more than one test if negative
Two federal agencies updated guidance related to COVID on Thursday, with the Centers for Disease Control and Prevention dropping its quarantine…
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Falling gas prices buoy consumer sentiment, temper inflation expectations
The numbers: A survey of U.S. consumers saw sentiment rise in August, though still mired near an all-time low seen…
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Rivian loses nearly $2 billion in second quarter as expenses mount
Rivian Automotive Inc. late Thursday reported a narrower-than-expected quarterly loss, but called for steeper losses for the year, warned about…
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Thyssenkrupp 3Q Adj. EBIT EUR721M
By Cristina Roca Thyssenkrupp AG on Thursday cut its net profit guidance for fiscal 2022, blaming high interest rates, but…
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K+S 2Q Earnings Jumped on Higher Prices; Backs Outlook Despite Possible Gas Shortages
By Pierre Bertrand K+S AG said Thursday that second-quarter earnings jumped as higher average prices compensated for increased costs, and…
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Disney to raise streaming prices while launching ad-supported tier, stock pops as subscriber total tops Netflix
Walt Disney Co. added more streaming subscribers than expected and topped Netflix Inc.’s total in the second quarter, and plans…
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Global tally of COVID cases was stable in latest week, while fatalities declined by 9%, says WHO
The global tally of new COVID cases was stable in the week through Aug. 7 from the previous week, while…
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ABN AMRO 2Q Net Profit Rose Above Market Views — Update
By Sabela Ojea ABN AMRO Bank NV on Wednesday reported a rise in net profit for the second quarter of…
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TUI loss narrows on climbing customer numbers and sees return to positive EBIT
TUI AG said Wednesday that its EBIT loss narrowed for the third quarter of fiscal 2022 as customers rose 84%…
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Elon Musk offloads nearly $7 billion in Tesla stock amid Twitter fight
Elon Musk sold almost $7 billion in Tesla Inc. stock in recent days, according to filings Tuesday with the Securities…
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Micron stock falls as company issues revenue warning amid ‘challenging’ memory chip conditions
Micron Technology Inc. shares were falling more than 5% in morning trading Tuesday after the memory-chip producer said that it…
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Novavax slashes sales guidance in half, stock plunges 34%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more…
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Biden signs into law $280 billion package for chips, scientific research — here’s what’s in it
After long pushing Congress for such legislation, President Joe Biden on Tuesday signed into law a bipartisan $280 billion bill…
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China closes Tibet’s Potala Palace over COVID outbreak, and Novavax stock is slammed by weak earnings and halving of sales guidance
Chinese authorities have closed Tibet’s Potala Palace after a small outbreak of COVID cases in the Himalayan autonomous region, the…
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Munich Re 2Q Net Pft EUR768M
Muenchener Rueckversicherungs-Gesellschaft AG said Tuesday that profit and premiums in the second quarter beat expectations, though losses increased and the…
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Nvidia stock tumbles after company says revenue fell way shy of expectations
Shares of Nvidia Corp. tumbled more than 6% in Monday trading after the semiconductor company disclosed that it expects to…
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Suddenly, stock-market investors are wrestling with ‘boomflation’ after hot July jobs report
The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond…
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