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ECB’s Coeure Warns on Inflation Impact of Currency

Caroline Williams

European Central Bank Executive Board member Benoit Coeure said “exogenous shocks to the exchange rate, if persistent, can lead to ...

Oil Prices Surge on Fifth Straight Week of Falling Inventories

Sparta Contributor

Oil prices rose to multi-month highs on Wednesday after government data showed that US inventories of oil contracted for the ...

Deutsche Bank Needs to Show Business Model Is Viable in Low Rate Environment, IMF Official Says

Sparta Contributor

Deutsche Bank AG (DB) needs to demonstrate to investors that its business model is viable in a low rate environment ...

Tenax Therapeutics Slumps 8%

Sparta Contributor

Tenax Therapeutics (TENX) shares were slumping Wednesday after the company said it expects to report top-line results from a phase ...

AstraZeneca to Receive $400 Million From Takeda in Deal to Develop Parkinson’s Treatment

Sparta Contributor

AstraZeneca (AZN) is set to receive as much as $400 million, including initial revenue this year, from Japan’s Takeda after ...

Morgan Stanley Initiates Coverage of Clovis Oncology with Overweight Rating

Sparta Contributor

Clovis Oncology (CLVS) rose about 5% to a 14-year high after Morgan Stanley initiated coverage for shares of the biopharmaceutical ...

Benchmarks Set New Records, Defensive Sectors Outperform

Bryan Smith

Wall Street continued its record-setting trend with the Dow, S&P 500 and Nasdaq setting all-time highs. The major benchmark averages ...

Netflix Up More Than 3%

Sparta Contributor

Netflix (NFLX) is up more than 3% after the company signed a deal with iPic Entertainment, a luxury-theater chain with ...

Red Robin Gourmet Burgers Closes Fast-Casual Prototypes as Part of “Strategic Reevaluation”

Sparta Contributor

Red Robin Gourmet Burgers (RRGB) said Wednesday it closed nine of its Red Robin Burger Works fast-casual prototype stores on ...

Markets

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Stocks Turn Lower in US Intraday as FBI Reignites Probe on Clinton

Caroline Williams

Stocks in the US were heading lower on Friday afternoon, poised to end the week on a lower note after a period of heavy earnings and before next week’s meeting of the Federal Open Market Committee. The equity measures turned lower amid several media reports that the Federal Bureau of Investigation said ...

United Parcel Service Meets Street Forecasts on Q3 EPS, Beats on Revenues; Reaffirms Outlook

Stephen Holmes

Package delivery company United Parcel Service (UPS) reported Q3 earnings per share of $1.44, up from $1.39 in the same period last year, and matching the Capital IQ consensus forecast. UPS was lower 1% recently. Revenues for the quarter were $14.93 billion, up from $14.24 billion in the year-ago period, and ahead ...

Oil Prices Hold Above $50 Per Barrel Pre-Bell

Caroline Williams

West Texas Intermediate (WTI) crude oil futures for delivery in December were 0.1% lower at $50.48 per barrel during Tuesday’s pre-market trading session while Brent oil futures for delivery in the same month were 0.4% lower at $51.28 per barrel. The pre-bell price declines come as the greenback is fractionally higher and ...