Day: September 30, 2022
Grocery store chain Kroger Co. KR, -2.08% said Friday that it has sent insurer Cigna Corp. CI, -1.10% subsidiary Express Scripts Inc. a written notice of its plan to terminate their pharmacy provider agreement for commercial customers. “Express Scripts drug pricing model is unsustainable for Kroger and consumers; access to affordable prescriptions and wellness services […]
Baker Hughes BKR, -0.76% on Friday reported that the number of active U.S. rigs drilling for oil rose by two to 604 this week. That followed increases in each of the past two weeks. The total active U.S. rig count, which includes those drilling for natural gas, climbed by one to 765, according to Baker […]
S&P Global Ratings on Friday moved its outlook on the U.K.’s AA sovereign credit rating to “negative” from “stable,” citing concerns about the country’s fiscal outlook. The British pound GBPUSD, +0.40% tumbled and yields on British government bonds, or gilts, soared after Treasury chief Kwasi Kwarteng on Sept. 23 unveiled a mini-budget plan that included […]
Lockheed Martin Corp. LMT, -0.90% said late Friday its board approved a 7% hike to the aerospace and defense company’s dividend. The company said it will pay a $3-a-share dividend, up from a previous $2.80 a share, on Dec. 30, to shareholders of record as of Dec. 1. Shares of Lockheed Martin are up 8.7% […]
Cal-Maine Foods Inc. CALM, -5.25% on Friday said it named Sherman Miller as its new chief executive, a move that took hold immediately. Miller, who most recently served as the egg producer’s president and chief operations officer, will replace Dolph Baker at the helm. Baker will stay on as chairman of Cal-Maine’s board and remain […]
U.S. stocks end sharply lower Friday, closing out a brutal month of September and posting their worst skid in the first 9-months of a year in two decades as higher rates and recession fears grip investors. The Dow Jones Industrial Average DJIA, -1.71% tumbled about 495 points Friday, or 1.7%, ending near 28,730 as heavy […]
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek.
Gold futures climbed Friday to finish higher for the week, but overall strength in the dollar amid aggressive monetary policy tightening by the Federal Reserve, as it continues its efforts to tame inflation, pushed prices for the metal lower for the month, as well as the quarter. Gold for December delivery GCZ22, -0.02% rose $3.40, […]
EURUSD, “Euro vs US Dollar” After forming a new consolidation range below 0.9744 and breaking it to the upside, EURUSD has completed the ascending wave at 0.9840. Today, the pair may fall to test 0.9744 from above and then start another correction up to 0.9946. Later, the market may resume trading downwards with the target […]
BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average it to indicate a possible descending tendency. The Relative Strength Index has broken the ascending trendline to the downside. In this case, the pair is expected to break 4/8 (87.50) and continue falling towards the support at 2/8 […]
