Day: October 6, 2022
Target Corp. TGT, -0.42% is recalling about 12,800 Hearth & Hand with Magnolia tea kettles because of the risk of fire and burn hazards. “The paint can chip on the bottom of the recalled kettles, posing a fire hazard,” the company said. “In addition, the handle can break and/or the spout can leak, posing a […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 129 billion cubic feet for the week ended Sept. 30. That was higher than the average analyst forecast for an increase of 114 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in […]
Shares of Venator Materials PLC VNTR, -8.05% tumbled 11.7% toward a record low in morning trading Thursday, after the chemical products maker warned of sales weakness in the third quarter. The company said it expects to report third-quarter titanium dioxide (TiO2) sales volumes that are about 25% below second-quarter levels. “During the third quarter we […]
U.S. stocks opened modestly lower Thursday after a report from the Labor Department showed that weekly jobless claims climbed higher than anticipated. The Dow Jones Industrial Average DJIA, -1.15% was down 0.4% soon after the opening bell, while the S&P 500 SPX, -1.02% slipped 0.3% and the Nasdaq Composite COMP, -0.68% fell 0.2%, according to […]
JCPenney said Thursday that it is hiring nearly 22,000 seasonal employees for the holiday season. The department store chain, which came out of bankruptcy in December 2020, is owned by Simon Property Group Inc. SPG, -1.14% and Brookfield Asset Management Inc. BAM, -2.97%. JCPenney said it will host a national hiring event Oct. 12 through […]
The judge in a legal battle between Twitter Inc. TWTR, -3.72% and Tesla Inc. TSLA, -1.11% Chief Executive Elon Musk on Thursday delayed their trial, previously set for Oct. 17, to give the sides time to close the $44 billion acquisition at the heart of the beef. Trial was set to begin Oct. 17 in […]
Optimism that the Federal Reserve might back off of aggressive interest rate hikes is giving way to something else within financial markets: A feeling that things won’t likely get better for investors from here. Financial markets have vacillated between two narratives: One in which the prospects of weaker growth and financial instability force policy makers […]
U.S. stocks finished lower on Thursday for the second day in a row as Minneapolis Federal Reserve Bank President Neel Kashkari played down the odds of the Fed pausing its interest-rate hikes, while investors awaited an update on the state of the U.S. labor market due out Friday. The S&P 500 SPX, -1.02% finished down […]
The legendary Chicago improvisational-theater company Second City is set to open a location in New York, its first, according to Crain’s Chicago Business. The new location, in the Williamsburg section of Brooklyn, is to consist of an 11,900-square-foot space comprising a mainstage theater, seven classrooms, and a restaurant and bar, Crain’s reported. The comedy institution, […]
Shares of cannabis companies rallied Thursday after President Joe Biden said he would pardon federal offenders for simple pot possession. Biden also asked for a review on marijuana’s current status as a Schedule 1 controlled substance under U.S. law. U.S. cannabis companies listed on the OTC as well as Canadian cannabis companies moved up sharply. […]
