Movers & Shakers: Stock movers: Reata and Sarepta soar, while Novavax and Marqeta sink
Here are U.S. stocks in focus ahead of Wednesday’s trading session.
Earnings Results: NIO stock swings lower after reporting losses that were much wider than expected
NIO's stock slumped toward a 2 1/2-year low, after the China-based EV maker reported a much wider-than-expected loss and revenue that fell short of forecasts.
The Fed: Fed’s Bostic sees needs for interest rates to be raised to 5%-5.25% range
Atlanta Fed President Raphael Bostic on Wednesday said the Fed needs to raise the federal funds rate to between 5% and 5.25% and no rate...
: Lawmakers consider plan to raise Social Security’s full retirement age to 70
According to a media report, the potential proposal calls for creating a sovereign-wealth fund and changes to ways benefits are calculated.
Futures Movers: Oil prices gain as EIA reports smallest weekly crude supply climb in 5 weeks
Oil futures head higher on Wednesday, finding support after the Energy Information Administration reported the smallest weekly climb in U.S. crude supplies in five weeks.
: Live Q&A: Watch the White House National Economic Council’s Bharat Ramamurti
White House economic official Bharat Ramamurti is set to join MarketWatch to discuss the president's economic agenda at noon Eastern.
Bitcoin “shrimp” addresses surge to all-time high above 43 million
Bitcoin “shrimp” wallets, which hold 1 bitcoin recently surged to 43.2 million. Bitcoin addresses with 0.01 BTC or less have also hit an all-time high...
: Fed’s Kashkari says ‘open-minded’ about size of March interest rate hike
Minneapolis Fed President Neel Kashkari said Wednesday he is 'open-minded' about whether the Fed should raise interest rates by 25 or 50 basis points.
: Lilly to cut price of insulin for people with commercial health insurance
Eli Lilly & Co. said Wednesday that is capping out-of-pocket insulin costs to $35 for people with commercial health insurance at certain retail pharmacies.