Moderna rises; PNC Financial, Charles Schwab fall

Jan 18, 2023, 2:12 PM | Updated: 2:21 pm

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

Moderna Inc., up $6.33 to $197.02.

The drugmaker gave investors an encouraging update on a potential vaccine against respiratory syncytial virus.

PNC Financial Services Group Inc., down $9.78 to $152.07.

The bank’s fourth-quarter earnings fell short of Wall Street forecasts.

Big 5 Sporting Goods Corp., down 88 cents to $9.36.

The sporting goods retailer warned investors that inflation sapped its fourth-quarter revenue.

Microsoft Corp., down $4.54 to $235.81.

The technology giant is cutting 10,000 workers, or almost 5% of its workforce.

Charles Schwab Corp., down $2.11 to $81.38.

The financial services company reported weak fourth-quarter earnings.

Hess Corp., down 89 cents to $150.76.

Energy stocks slipped along with falling oil prices.

Freeport-McMoRan Inc., down 23 cents to $43.92.

The copper miner was weighed down by falling prices for the base metal.

Progress Software Corp., down $1.71 to $51.79.

The software company’s fourth-quarter revenue fell short of Wall Street forecasts.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - Philip Lowe, Governor of the Reserve Bank of Australia addresses a lunch in Sydney, Australi...
Associated Press

Australia lifts cash rate to 3.35% with 9th rate hike

CANBERRA, Australia (AP) — Australia’s central bank on Tuesday lifted its benchmark interest rate for a ninth consecutive time to 3.35% as it battles inflation that rose to 7.8% in the latest quarter. The Reserve Bank of Australia’s decision to increase its cash rate by 0.25 of a basis point was widely anticipated after the […]
22 hours ago
Transgender activist Henry Edward Tse speaks to reporters outside of Court of Final Appeal in Hong ...
Associated Press

Hong Kong transgender men win appeal over status change

HONG KONG (AP) — Hong Kong’s top court ruled Monday that full sex reassignment surgery should not be a prerequisite for transgender people to have their gender changed on their official identity cards, in a move that is likely to have a far-reaching impact on the transgender community. A transgender activist, Henry Edward Tse, and […]
22 hours ago
This photo provided by Budweiser shows a scene from Budweiser's 2023 Super Bowl NFL football ad. Br...
Associated Press

For Super Bowl ads this year, crypto is out, booze is in

NEW YORK (AP) — The hottest ticket in town for advertisers is officially sold out. Fox said Monday that in-game ads for Super Bowl LVII have all been sold. The big game between the Kansas City Chiefs and the Philadelphia Eagles takes place on Sunday. The Super Bowl is advertising’s biggest stage, with advertisers jockeying […]
22 hours ago
FILE -- A man walks out of a vaccination bus at a mobile vaccine clinic in Midtown Manhattan, Dec. ...
Associated Press

NYC ending COVID-19 vaccination mandate for city employees

NEW YORK (AP) — New York City, which once had the nation’s strictest workplace vaccination rules for COVID-19, is ending one of its last such mandates, saying it will no longer require the shots for municipal employees including police officers, firefighters and teachers. The vaccine mandate, which led to the firing of hundreds of city […]
22 hours ago
British Chancellor Jeremy Hunt gestures before speaking to the media at Victoria Place Shopping Cen...
Associated Press

Britcoin? UK gets closer to launching a digital currency

LONDON (AP) — Britcoin is moving closer to reality. U.K. authorities on Monday said British businesses and consumers are likely to need a digital version of the pound, formally asking for public comment on the idea of introducing a central bank digital currency. Britain, home to the world’s second-biggest financial center, is trailing former colonies […]
22 hours ago
FILE - A sign is shown on a Google building at their campus in Mountain View, Calif., Sept. 24, 201...
Associated Press

Google hopes ‘Bard’ will outsmart ChatGPT, Microsoft in AI

Google is girding for a battle of wits in the field of artificial intelligence with “Bard,” a conversational service apparently aimed at countering the popularity of the ChatGPT tool backed by Microsoft. Bard initially will be available exclusively to a group of “trusted testers” before being widely released later this year, according to a Monday […]
22 hours ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Company looking for oldest air conditioner and wants to reward homeowner with new one

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
...
Quantum Fiber

Stream 4K and more with powerful, high-speed fiber internet

Picking which streaming services to subscribe to are difficult choices, and there is no room for internet that cannot handle increased demands.
Moderna rises; PNC Financial, Charles Schwab fall