Comerica Inc.’s stock dropped nearly 7% on Friday after it missed analyst estimates for core deposits and loans, although its top-line revenue and bottom-line numbers came in stronger than expected. Comerica’s stock CMA, -8.53% fell $2.85 to $38.66 in afternoon trading. The bank said its third-quarter net income fell by…

Novavax NVAX, +5.24% stands out as a stark reminder of the biotech sector’s faltering steps in 2023. Once renowned for its Nuvaxovid COVID-19 vaccine, the Maryland-based company is now grappling with financial issues, reflecting the broader challenges that continue to plague the pharmaceutical sector this year. This dramatic fall from…

Might fixed-income investors be better off because of the worst bear market in history? It seems ludicrous to even ask. But if we compare our bond holdings today versus three years ago in terms of their annuity equivalents, we’re better off than when interest rates were at all-time lows in…

​Shares of Okta Inc. OKTA, -11.57% tumbled more than 11% Friday after the company said attackers accessed files containing cookies and session tokens uploaded by customers to its support-management system. The security breach involved a compromise of Okta’s customer support unit. Okta Security said it identified “adversarial activity that leveraged access…

Spirit Airlines Inc SAVE, +0.49% on Friday had canceled dozens of flights due to what it said was a “necessary inspection of a small section” of some of its jets. According to flight-tracking service FlightAware, Spirit had canceled 98 flights, with 65 delays. “We’ve cancelled a portion of our scheduled…

Europe’s carmakers face bottom-line damaging penalties as early as next year as rules to outlaw new internal combustion engines (ICE) begin to bite years before the outright ban on their sale in 2035. Next year in Britain at least 22% of manufacturers’ sales must be electric and for each ICE…

Bitcoin surmounted the $30,000 level on Friday for the first time since August, inspired by hopes that the U.S. Securities and Exchange Commission will soon approve exchange-traded funds that invest directly in the pioneering cryptocurrency. According to FactSet data, bitcoin BTCUSD, -0.48% traded as high as $30,233 per coin on…

All large cryptocurrencies were up during morning trading on Friday, with Solana SOLUSD, -3.77% seeing the biggest move, rising 7.42% to $26.92. Polygon MATICUSD, -1.26% increased 3.84% to 54 cents, while Bitcoin BTCUSD, -0.35% increased 3.26% to $29,664.10. Ripple XRPUSD, -0.81% and Polkadot DOTUSD, -1.82% rose 3.21% to 52 cents…

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Pfizer Inc. PFE, -1.73% said Friday that the U.S. Food and Drug Administration has approved the first five-in-one vaccine designed to protect teenagers and young adults against meningococcal disease.  The new Pfizer shot, Penbraya, protects against the five most common subgroups of meningococcal disease, a rare but serious and potentially…