Hewlett Packard Enterprise Co and Advanced Micro Devices Inc on Wednesday said they had won a $600 million deal to deliver a supercomputer that will be used by the U.S. Department of Energy's nuclear security arm to support the nation's nuclear arsenal.
Health-insurance stocks are gaining as investors reason that Biden’s success makes its less likely that Sen. Bernie Sanders’s Medicare for All plan will become law.
Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak.
Facebook (NASDAQ: FB) is reportedly mulling an overhaul of its Libra cryptocurrency in a bid to appease regulators who have expressed skepticism about the social media giant's entrance into the unregulated digital token market.
The Multi-Asset Diversified Income Index Fund ETF is seeing unusually high volume in afternoon trading Wednesday, with over 718,000 shares traded versus three month average volume of about 141,000. Shares of MDIV were up about 0.5% on the day.
In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 1.8%. Helping drag down the group were shares of HighPoint Resources, down about 11.9% and shares of Whiting Petroleum down about 8.7% on the day.
In trading on Wednesday, the iShares U.S. Healthcare Providers ETF is outperforming other ETFs, up about 6.8% on the day. Components of that ETF showing particular strength include shares of Anthem, up about 13.4% and shares of Humana, up about 12.8% on the day.
Turkey's central bank might soon use macroprudential tools to put a brake on rising consumer loan supply, according to three participants in meetings held Wednesday between the bank and investors.
Risks are rising that the coronavirus outbreak could be more severe than previously thought, but interest rates are now appropriate after the Federal Reserve's emergency rate cut, St. Louis Federal Reserve President James Bullard said Wednesday.
What happened
Teva Pharmaceutical (NYSE: TEVA) shares were already working on a recovery headed into February, hinting at an end to what had become a nearly four-year rout. After a brief pause as January came to a close, that effort was renewed early last month. Even with the we
Wall Street surged on Wednesday, with healthcare stocks providing the biggest boost after Joe Biden overtook Bernie Sanders to become the new front-runner in the race for the Democratic presidential nomination.
What happened
Shares of Campbell Soup (NYSE: CPB), a producer of snacks, soups, simple meals, and beverages, are up over 8% Wednesday morning after the company topped earnings estimates during the second quarter.