Novavax shares shares sank late Tuesday after reporting more than double the loss that analysts expected and disclosing that it make it another year.
Earnings Results: AMC stock tumbles after 14th consecutive quarterly loss, fourth straight year in the red
AMC reported a loss for a 14th consecutive quarter and fourth consecutive year Tuesday, but shares still gained in after-hours trading.
: PRO Act introduced for third time as lawmakers cite growing unionization push
Members of Congress on Tuesday reintroduced the PRO Act, which would provide new protections to workers seeking to organize.
Earnings Results: Rivian stock sinks 10% after revenue miss, weak outlook
Rivian Automotive Inc. late Tuesday reported a narrower quarterly loss but sales that were below expectations, sending the EV maker stock more than 8% lower after hours.
: Supreme Court majority questions Biden’s student-debt relief plan
The court heard arguments on Tuesday over the Biden administration’s program to discharge up to $20,000 in student loans for a wide swath of borrowers
: Uber and Lyft drivers are facing discrimination from customers — and getting banned from the apps, report finds
A driver-backed report finds 69% of drivers of color have experienced some sort of deactivation, compared with 57% of white drivers.
Personal Finance Daily: Home-price growth slows in December, with San Francisco leading the way and my ex-partner ‘demanded’ that I pay 50% of our daughter’s medical expenses. He earns 3 times my salary. Is that fair?
Tuesday’s top personal finance stories.
: DeSantis, promoting his ‘Courage’ book, will skip the CPAC conference. Trump is a headliner.
Florida Gov. Ron DeSantis, who’s rolling out a new book, will this week skip a conservative conference in suburban Washington. But Donald Trump will be there.
The Fed: Minneapolis Fed joined St. Louis and Cleveland in pushing for 50-basis-point discount-rate hike last month
Three regional Fed banks voted to raise the central bank’s discount rate by 50 basis points last month, the Fed said Tuesday.
Market Extra: 10-year Treasury yield knocks on door of 4% as threats to markets and economy grow
The benchmark 10-year Treasury yield briefly approached 4% on Tuesday, a milestone level at which it hasn’t sustainably held above for more than a decade.