News
The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 2.4 million barrels for the week ended Sept. 9. On average, analysts expected a climb of 1.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also said gasoline stockpiles declined by 1.8 million barrels last week, […]
U.S. stocks opened modestly higher on Wednesday as the market attempted to bounce back from its worst loss in two years. The S&P 500 SPX, +0.48% advanced 12 points, or 0.3%, to 3,944. The Dow Jones Industrial Average DJIA, +0.36% gained 77 points, or 0.3%, to 31,182. The Nasdaq Composite COMP, +0.74% gained 47 points, […]
Shares of Nucor Corp. NUE, -9.29% sank 4.5% toward a seven-week low in premarket trading Wednesday, after the steel maker issued a third-quarter profit warning, as weakness in its steel mills business is offsetting strength in steel products. The company expects earnings per share of $6.30 to $6.40, down from $7.28 in the year-ago period, […]
KeyBanc Capital Markets analysts on Wednesday said Walmart Inc. WMT, +0.38% and Target Corp. TGT, +0.91% appear to be well positioned to weather the current economic environment and grow profit margins. Analysts at KeyBanc initiated coverage of Walmart and Target with overweight ratings and price targets of $155 and $200 respectively. “While investors can find […]
The BTC has experienced a new decline. On Wednesday, the leading cryptocurrency is balancing near 20,303 USD though yesterday it rose to 22,780 USD. Yesterday the USD reversed abruptly after the US inflation statistics came out. The CPI in the US in August turned out to be 8.3% y/y while the forecast level had been […]
Discover Financial Services DFS, -0.02% said Wednesday that it was hiring for 2,000 additional customer care positions. The payments and banking company is looking to add employees in Arizona, Delaware, Illinois, Ohio, and Utah, per a press release. The company added that New Jersey, Pennsylvania, and Maryland residents would be eligible to take positions in […]