Day: October 13, 2022
Alcoa Corp. AA, +2.56%, a large miner and producer of aluminum, has asked the White House to halt U.S. imports of the metal from Russia, according to Reuters. The move comes as Russia intensifies its attacks on Ukraine. “Alcoa believes that the U.S. government and other countries should sanction Russian aluminum,” a company representative told […]
U.S. stocks ended sharply higher Thursday after investors weighed a hotter-than-anticipated report on inflation that firmed up expectations for another large interest rate hike by the Federal Reserve. The Dow Jones Industrial Average DJIA, +2.83% jumped more than 800 points to close 2.8% higher, while the S&P 500 SPX, +2.60% gained 2.6% and the Nasdaq […]
Shares of Warren Buffett’s Berkshire Hathaway Inc. BRK.B, +4.46% rallied 4.4% to 275.61 on Thursday, putting the conglomerate on pace for its best day in nearly two years. The stock is on track for its largest percentage increase since Nov. 9, 2020, when it rose 6.06%, according to Dow Jones market data. If Thursday’s price […]
Former President Donald Trump was subpoenaed for testimony about the Jan. 6, 2021, attack on the U.S. Capitol by the House committee probing the insurrection, in a unanimous vote on Thursday. The committee held what is likely to be its final public hearing on Thursday. Trump is unlikely to comply, according to a CNN analyst, […]
President Joe Biden on Thursday said in a statement that a new report on the consumer price index “shows some progress in the fight against higher prices, even as we have more work to do.” Biden said Democrats’ big climate, healthcare and tax package is helping to lower costs for Americans, and he criticized Republicans […]
A. O. Smith Corp. AOS, -0.55% shares fell 6.4% in premarket trades on Thursday after the water heater maker lowered its sales and profit targets in the face of softness in North America industry volume. The Milwaukee company now expects adjusted third-quarter profit of 69 cents a share and sales of $874 million. Wall Street […]
Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations. 1914 Total views 23 Total shares One of the core development teams behind the Ethereum Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of the Ethereum layer-2 […]
Facebook parent company Meta Platforms Inc. META, +2.19% on Thursday filed a motion in federal court to dismiss the Federal Trade Commission’s lawsuit to block Meta’s acquisition of VR company Within. “The FTC’s attempt to fix its ill-conceived complaint still ignores the facts and the law and relies on pure speculation of a hypothetical future […]
Oil futures on Thursday marked their first gain in four sessions, finding support from Energy Information Administration data showing a nearly 5 million barrel weekly decline in distillate supplies, which contributed to concerns about heating-fuel supplies ahead of the winter season. Prices had posted declines for three consecutive sessions amid worries over a potential recession […]
The Dow Jones Industrial Average’s DJIA, +2.75% big rally Thursday is unanimous, as the stocks of all 30 of the blue chip barometer’s components gained ground. The biggest percentage gainers were shares of Walgreens Boots Alliance Inc. WBA, +5.17%, which ran up 5.8% after the drug store and healthcare services company reported better-than-expected earnings, and […]
