Shares of Bank of America Corp. BAC, + 1.91% advanced 1.92% to $ 26.05 on Thursday, over what turned out to be an all-positive session for the stock market, with the S&P 500 Index SPX, + 0.16% increase of 0.17% to 3,484.55 and the Dow Jones Industrial Average DJIA, + …
Read More »Mortgage rates fall again – but rising house prices mean buyers should not expect savings
Mortgage rates are still close to record lows, but that makes owning a home no longer cheaper for home buyers. The 30-year fixed-rate mortgage averaged 2.91% for the week ending August 27, falling eight basis points the week before, Freddie Mac FMCC, + 0.46% reported Thursday. The 15-year fixed-rate mortgage …
Read More »Coty shares slipped 6% ahead of market to weaker than expected earnings
Coty Inc. shares COTY, -8.70% slipped 6% in Thursday’s trading after the cosmetics company posted far weaker-than-expected revenue for its fiscal fourth quarter as the coronavirus pandemic devastated sales. The company said it had a net loss of $ 722.8 million, or $ 1.01 per share, in the quarter, narrower …
Read More »The COVID-19 vaccine candidates from Moderna and Pfizer need ultra-low temperatures, raising questions about storage, distribution
The COVID-19 vaccine candidates developed by Moderna Inc. and BioNTech and Pfizer Inc. will require strict standards for cooling, and that may hinder how they are distributed to the hundreds of millions of Americans who expect to receive them. Shares of Modern MRNA, -3.54% were 3.6% lower in trading on …
Read More »Shares of Dollar General rose to profit and sales beat expectations
Dollar General Corp. DG, -1.75% share rose 0.7% in Thursday trading to the market after the discount trader reported second-quarter gains and sales that beat expectations. Net income jumped to $ 787.6 million, or $ 3.12 per share, from $ 426.6 million, to $ 1.65 per share, last year. The …
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