This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Southwest Airlines, Facebook, Pfizer: Stocks That Defined the Week
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > Southwest Airlines, Facebook, Pfizer: Stocks That Defined the Week
Markets

Southwest Airlines, Facebook, Pfizer: Stocks That Defined the Week

Editorial Board Published October 8, 2021
Share
Southwest Airlines, Facebook, Pfizer: Stocks That Defined the Week
SHARE

Southwest Airlines Co. LUV -0.22%

Unvaccinated airline workers won’t be cleared for takeoff. Southwest, American Airlines Group Inc., Alaska Air Group Inc. and other carriers ordered their employees to get Covid-19 shots as airlines moved to comply with new rules for companies that do business with the federal government. Southwest told employees that they would need to be vaccinated by Dec. 8, the deadline the Biden administration set for federal contractors. Southwest shares gained 1.3% on Monday.

Amplify Energy Corp. AMPY 0.88%

A major California oil spill created troubled waters for a Houston energy company. Amplify Energy notified the Coast Guard on Oct. 2 about the spill of an estimated 126,000 gallons from an oil-processing platform off the coast of Orange County, Calif. The oil and natural-gas company has shut down all of its production and pipeline operations in the area as a precautionary measure. Amplify’s chief executive said Monday that the oil spill off the coast of Southern California might have been caused by a boat anchor hitting an underwater pipeline and causing it to rupture. Amplify shares lost nearly half their value Monday, falling 44%.

Facebook Inc. FB 0.25%

Facebook had a bad case of the Mondays. The social-media company’s WhatsApp, Instagram and Facebook platforms had a major outage on the first day of the workweek, with users and businesses around the world receiving error messages when trying to access the sites. The services were offline for as much as six hours Monday, a disruption that cut off small businesses from customers and slowed e-commerce across numerous countries. The widespread effects of the shutdown underscored the extent to which Facebook is at the center of daily life globally. Meanwhile, Twitter was flooded with comments, jokes and complaints from users of Facebook’s services. Facebook shares tumbled 4.9% on Monday.

Hertz Global Holdings Inc.

A new driver takes the wheel at Hertz. The car-rental company named former Ford Motor Co. Chief Executive Officer Mark Fields as its interim CEO and moved Chief Executive Paul Stone to the role of president and chief operations officer. Hertz is resetting after emerging from bankruptcy under new ownership and rental-car demand snapped back from the early days of the pandemic. Hertz’s new owners—an investor group led by Certares and Knighthead Capital Management LLC—are trying to overhaul the century-old company, implementing new software to improve inventory management and better forecast customer demand. Hertz shares jumped 9.9% on Tuesday.

IAC

Barry Diller is adding a magazine giant to his media empire. Mr. Diller’s IAC reached a roughly $2.7 billion deal to buy the publisher Meredith Corp. MDP 0.24% , a bet on online publishing that would combine such brands as People, Better Homes & Gardens and Investopedia. Meredith would be merged with Dotdash, IAC’s digital-publishing division, to create a company called Dotdash Meredith. The agreement would also bulk up IAC’s portfolio of websites after the company’s move to spin off the online-dating company Match Group Inc. and the video-hosting and sharing platform Vimeo Inc. IAC shares climbed 7.8% on Thursday.

General Motors Co.

General Motors wants to overtake Tesla Inc. in the electric-car market. The Detroit car maker told investors Wednesday that it aims to more than double revenue by 2030 with an influx of new battery-electric models and auto-related services. GM directly challenged Tesla, saying it plans to take the lead in electric-vehicle sales in the U.S. As part of the push, GM plans to release a new electric SUV priced at about $30,000, undercutting the cheapest version of its rival’s Model 3 sedan. The announcement was one of its most ambitious financial targets the car maker has set in years. GM shares fell 0.8% on Wednesday.

Pfizer Inc. PFE -0.68%

Children could find something else in their Halloween baskets this year: a Covid-19 vaccine. Pfizer and BioNTech BNTX -0.25% SE said Thursday that they asked U.S. health regulators to approve their shot for children 5 to 11 years old, and the Food and Drug Administration might clear the shot for use in the demographic before November. The vaccine appeared to generate a strong immune response safely in young subjects in a late-stage trial, according to the companies. Young children are among the last groups in the U.S. waiting for Covid-19 vaccines authorized by the FDA. Pfizer shares rose 1.7% on Thursday.

Write to Francesca Fontana at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:MarketsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Facebook Says Access Is Fixed After Latest Outage Facebook Says Access Is Fixed After Latest Outage
Next Article Apple Filing Notice of Appeal in Epic Antitrust Case Apple Filing Notice of Appeal in Epic Antitrust Case

Editor's Pick

New Council of Financial Advisors report finds tariffs not inflicting inflation

New Council of Financial Advisors report finds tariffs not inflicting inflation

Former Trump administration head of financial coverage Tomas Philipson discusses President Trump’s commerce talks with South Korea and Japan, present…

By Editorial Board 4 Min Read
NBA Summer time League takeaways: Warriors rookie Will Richard makes debut vs. Spurs
NBA Summer time League takeaways: Warriors rookie Will Richard makes debut vs. Spurs

Richard makes debut SAN FRANCISCO – The Warriors‘ acquisition of their three…

5 Min Read
Moriah Plath Reveals Complete Hair Loss Attributable to Alopecia
Moriah Plath Reveals Complete Hair Loss Attributable to Alopecia

Studying Time: 3 minutes Moriah Plath is clearing the air, as a…

5 Min Read

Oponion

Why Is Denim Blue? From Gold Rush Practicality to James Dean Cool | Fashion

Why Is Denim Blue? From Gold Rush Practicality to James Dean Cool | Fashion

We independently consider all really useful services. Any services or…

February 21, 2025

MAGA suckers rejoice! Trump’s received a enjoyable new solution to take your cash

President Donald Trump’s on-line retailer now…

April 25, 2025

Tesla Projections Take Center Stage at Musk Compensation Trial

TechCompany’s chair testifies in trial over…

November 15, 2022

Berg Perception ranks the main car telematics {hardware} suppliers

Berg Perception, the world’s main IoT…

December 13, 2024

Tramp tariffs take impact Saturday: What to know

Breitbart economics and finance editor John…

January 31, 2025

You Might Also Like

Copper costs hit document excessive after Trump declares 50% import tariff
Markets

Copper costs hit document excessive after Trump declares 50% import tariff

President Donald Trump introduced his administration will impose a 50% tariff on imported copper, marking a brand new ecalation in…

4 Min Read
Tesla shares slide after Musk declares new political transfer
Markets

Tesla shares slide after Musk declares new political transfer

FOX Enterprise’ Stuart Varney analyzes President Donald Trump and former DOGE head Elon Musk’s relationship after Musk’s public criticism of…

6 Min Read
Nvidia CEO sells M value of inventory as a part of deliberate sale
Markets

Nvidia CEO sells $15M value of inventory as a part of deliberate sale

Zor Capital Funding Advisory consultant Joe Fahmy discusses the technical indicators that predict inventory market momentum on Making Cash. Nvidia CEO Jensen…

3 Min Read
Ford recollects over 130,000 Lincoln Aviators because of threat of elements detaching whereas driving
Markets

Ford recollects over 130,000 Lincoln Aviators because of threat of elements detaching whereas driving

Ford is leveraging its dealership empire to revamp how company America helps charities. Ford Motor Firm is recalling greater than…

3 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?