Latest Market News
President Joe Biden on Wednesday offered fresh harsh words for Russian President Vladimir Putin, as he responded to a reporter’s question about the significance of Putin’s declaration of martial law in the four Ukrainian regions that Moscow has annexed. “I think Vladimir Putin finds himself in an incredibly difficult position,” Biden said. “What it reflects […]
Gold futures declined Wednesday to settle at their lowest price in more than three weeks, as the U.S. dollar and Treasury yields strengthened on the back of expectations for further interest-rate increases from the Federal Reserve. The path of least resistance for gold is “to the downside and as support after support breaks, this will […]
Shares of Baker Hughes Co. BKR, +5.96% rose 0.9% in premarket trades Wednesday after the drill bit maker beat its adjusted earnings target. Baker Hughes reported a third-quarter loss of $17 million, or 2 cents a share, after net income of $8 million, or a penny a share, in the year-ago period. Third-quarter adjusted income […]
Travelers Cos. Inc. shares TRV, +4.29% rose 1.3% in premarket trade Wednesday, after the property & casualty insurer topped profit and revenue estimates for the third quarter. The company posted net income of $454 million, or $1.89 a share, for the quarter, down 31% from $662 million, or $2.62 a share, in the year-earlier period. […]
Shares of Procter & Gamble Co. PG, +1.18% rose 2.1% in premarket trading Wednesday, after the consumer packaged goods company reported fiscal first-quarter profit and sales that rose above expectations, as higher pricing provided a boost, but lowered its full-year sales outlook. Net income fell to $3.94 billion, or $1.57 a share, from $4.11 billion, […]
Oil futures climbed on Wednesday, with U.S. prices up by more than 3%. The oil market rebounded as the “tug-of-war between concerns over supply and fears over demand continue the back-and-forth” price action that has been a feature of the past few weeks, said Michael Hewson, chief market analyst at CMC Markets UK. The market […]