What happened
Shares of globally diversified energy giant ExxonMobil (NYSE: XOM) rose as much as 5% on Sept. 16. There's little question about what drove the advance: Oil prices were higher and investors were upbeat about the future of the energy sector. Only, Exxon's stock is s
The Wendy's Company WEN is likely to benefit from digitization, menu innovation, balanced marketing approach and unit expansion. In the past six months, shares of the company have rallied 73.9% compared with the Zacks Retail – Restaurants industry’s 50.3% growth. However, tr
What happened
Shares of $280 million market cap U.S. onshore driller QEP Resources (NYSE: QEP) advanced as much as 11.5% on Sept. 16. The reason for the advance was a sizable increase in the price of oil. That's great, but the big picture is still pretty ugly and a lot more impo
Delta Air Lines (NYSE: DAL) has increased the size of a planned debt offering to $9 billion, up from $6.5 billion, due to strong demand for the new debt, Bloomberg reported today. That would be the industry's largest debt deal on record, a clear sign that markets remain open to
(RTTNews) - Treasuries showed a lack of direction over the course of the trading day on Wednesday before closing nearly unchanged for the third straight session.
What happened
Shares of U.S. energy company Centennial Resource Development (NASDAQ: CDEV) rose over 10% at the open on Sept. 16. After quickly losing around half that advance, the stock started on another upswing, rising to a gain of 15% by around 2 p.m. EDT.
The law firm hired by Eastman Kodak (NYSE: KODK) to independently investigate the propriety of awarding its top executives stock options just prior to announcing receipt of a major government loan (to transition to making personal protective equipment) has largely absolved the f
What happened
Shares of small U.S. oil and gas company SM Energy (NYSE: SM) rose as much as 11% on Sept. 16. Fellow driller Occidental Petroleum (NYSE: OXY) were up roughly 10% at one point. Drilling services provider Core Laboratories (NYSE: CLB) also joined the energy sector u
In part to increase the potential market reach of its COVID-19 vaccine candidate, Moderna (NASDAQ: MRNA) is opening its first commercial hub outside the United States. The new operation will be in Switzerland, where the company is already working with Swiss drug manufacturer Lon
America's largest company is teaming up with one of the country's largest private health insurers. Anthem (NYSE: ANTM) on Wednesday announced a study designed in collaboration with Apple (NASDAQ: AAPL) that will examine how the iPhone and Apple Watch can help asthma patients man
Get ready for the best coronavirus news we've seen from the biopharmaceutical industry to date. An interim peek at a clinical trial with an experimental treatment from Eli Lilly (NYSE: LLY) suggests LY-CoV555 could be an effective treatment option for COVID-19 patients with mild
(RTTNews) - Swiss stocks extended their winning streak to a fourth session, as investors continued to make selective purchases at key counters on Wednesday, looking ahead to the Federal Reserve's monetary policy announcement.
What happened
Shares of industrials giant General Electric (NYSE: GE) are hopping in afternoon trading Wednesday, up 7.5% as of 1:10 p.m. EDT as GE CEO Larry Culp expounds on the company's plans at a Morgan Stanley investor event currently in progress.
Amazon (NASDAQ: AMZN) is expanding its Prime Air fleet at such a rate that it will likely surpass the third-largest shipping carrier, DHL, next year, before taking aim at FedEx (NYSE: FDX) and UPS (NYSE: UPS).
(RTTNews) - European stocks closed on a somewhat positive note on Wednesday despite falling from morning highs and struggling for support for much of the session post noon.