Latest Market News
Marsh & McLennan Cos. MMC, +0.07% on Monday said John Q. Doyle, 58, will become chief executive officer of the risk advisory and insurance giant on Jan. 1. Doyle has been group president and chief operating officer of Marsh & McLennan since January. From 2017 to 2021, he worked as president and CEO of the […]
Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years. As risk assets across the global economy take a hammering and the United States dollar surges, the largest cryptocurrency is on a limp footing. September, having started out on the bulls’ side, is […]
Voters in Arkansas will cast ballots in a statewide referendum on Nov. 8 on whether to allow adult-use cannabis sales, while a separate adult-use referendum planned for Oklahoma has fizzled, Benchmark analyst Mick Hickey noted Monday in his weekly cannabis chronicles. Last week, the Arkansas Supreme Court OK’d a request by Responsible Growth Arkansas to […]
Dollar Tree Inc. DLTR, +1.41% on Monday named Michael Creedon as its new chief operating officer, coming to the job from Advance Auto Parts Inc. AAP, -2.20%, where he served in a number of roles. Creedon joined Advance Auto in 2013 and was executive vice president for U.S. stores since March of 2021. Before that, […]
Shares of PG&E Corp. PCG, -2.70% jumped 4.2% in premarket trading Monday, after the California-based utility was added to the S&P 500 index SPX, -1.72%, a little more than two years after emerging from bankruptcy. Late Friday, S&P Dow Jones Indices said PG&E would replace Citrix Systems Inc. CTXS, -0.06% in the benchmark index, as […]
Canadian energy company Hammerhead Resources Inc. is going public via a merger with Decarbonization Plus Acquisition Corporation IV DCRD, in a deal valued at about C$1.39 billion ($1.02 billion), the companies said in a joint statement. Once the deal closes, the combined company is expected to list on Nasdaq under the new ticker “HHRS.” The […]