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Oil futures settled higher on Tuesday, with prices recovering what they lost a day earlier and then some. “Oil prices, in the short term, are locked in a bit of a trading range,” said Phil Flynn, senior market analyst at The Price Futures Group. “We are still in shoulder season and we’re still being influenced […]
Bitcoin (BTC) spiked above $20,000 on Oct. 25 as risk assets benefited from new U.S. dollar weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin taps three-week highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $20,191 on Bitstamp. The move came in tandem with rising United States equities, these in […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
Archer Daniels Midland Co. ADM, +1.47% beat earnings and revenue expectations by a wide margin Tuesday morning, with its chief executive calling out “robust” worldwide demand. The agriculture and nutrition giant logged third-quarter net earnings of $1.03 billion, or $1.83 a share, up from $526 million, or 93 cents a share, in the year-prior period. […]
Raytheon Technologies Corp. RTX, -1.98% shares rose 0.7% in premarket trades on Tuesday after the aerospace and defense company beat its earnings target and hiked the bottom end of its range for its 2022 profit forecast, but fell short of its third-quarter revenue mark. Raytheon said its third-quarter profit dipped 1% to $1.39 billion, or […]
Shares of American Electric Power Co. Inc. AE, +1.93% ] rose 1.3% in midday trading Tuesday, after the electricity transmission company raised its quarterly dividend by 6.4%, to 83 cents a share from 78 cents. The new dividend is payable Dec. 9 to shareholders of record on Nov. 10. Based on current stock prices, the […]