Latest Market News
Oil futures settled higher on Wednesday, buoyed in part by a report from Bloomberg Tuesday that said the Biden administration may consider refilling the nation’s Strategic Petroleum Reserve when crude prices dip below $80 a barrel. “While rallies are likely to be constrained by concerns over demand and China’s zero-COVID policy, we now have what […]
Shares of Vintage Wine Estates Inc. VWE, -40.05% plummeted 40.1% in afternoon trading Wednesday toward a record low, after the winery, with brands including Layer Cake, Clos Pegase and Bar Dog, reported a surprise fiscal fourth-quarter loss and provided a downbeat full-year revenue outlook. The company reported late Tuesday a net loss for the quarter […]
Gold futures declined for a second straight session on Wednesday to settle at their lowest in almost two months. Prices extended their losses as the dollar eased back, but remained higher for the week, in the wake of Tuesday’s unexpected rise in the August U.S. consumer price index. December gold GCZ22, -0.80% fell $8.30, or […]
New Jersey Resources Corp. NJR, +1.61% said Wednesday that it raised its quarterly dividend by 7.6%, to 39.00 cents a share from 36.25 cents a share. The natural gas storage and transportation company’s new dividend will be payable Oct. 3 to shareholders of record on Sept. 26. Based on current stock prices — the stock […]
CoStar Group Inc. shares CSGP, -3.68% slid 2.3% in premarket trade Wednesday, after the provider of online real estate marketplaces, information and analytics said it’s issuing $750 million of common stock as it joins the S&P 500 index. The company said it expects the offering to represent just a portion of the expected index fund […]
• Natural gas rising inside impulse wave 3 • Likely to rise to resistance level 9.500 Natural gas recently reversed up from the key support level 7.755 (which has been reversing the price from the start of August), standing near the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from […]