Category: Market News
U.S. stocks finished sharply higher Tuesday after Federal Reserve Chairman Jerome Powell said a “softish landing” for the economy still was possible. The Dow Jones Industrial Average DJIA, +1.34% advanced about 431 points, or 1.3%, ending near 32,655, up for a third straight day in a row. It also marked the biggest daily percentage jump […]
Shares of Container Store Group Inc. TCS, -1.50% rallied more than 10% in the extended session Tuesday after the retailer reported fiscal fourth-quarter earnings and sales above Wall Street expectations and promised $2 billion in yearly sales within five years. The Container Store said it earned $23.2 million, or 46 cents a share, in the […]
Gold prices ended higher Tuesday for a second day in a row, with a pullback in the surging dollar helping to lift the yellow metal from its slump. Gold for June delivery gmc22 GC00, -0.01% rose about 0.3%, to settle at $1,818.90 an ounce on Comex, after dipping below the key $1,800-an-ounce threshold in trade […]
Solicitor General Elizabeth Prelogar has recommended against the U.S. Supreme Court taking up the Susan K. Musta vs Mendota Heights Dental Center case around whether insurers should provide workers compensation benefits for legal medical cannabis, according to a filing on Monday. “The legislative and executive branches of the federal government are best situated to consider […]
Higher mortgage rates, soaring building costs and rising home prices drove the NAHB Home Builders Index to a nearly two-year low of 69 in May from 77 in the prior month, the National Association of Home Builders said Tuesday. The NAHB/Wells Fargo index was forecast to total 75. The big drop in the index points […]
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. Source: Marketwatch
Twitter Inc. TWTR, -8.18% said Tuesday it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission regarding its agreement for the social media site to be acquired by Tesla Inc. TSLA, -5.88% CEO Elon Musk to $54.20 a share in cash. “Twitter is committed to completing the transaction on the agreed […]
Shares of Griffon Corp. GFF, +23.94% soared 23.4% toward a record in morning trading Monday, after the diversified management and holding company said it started a review of strategic alternatives to maximize shareholder value, which could include a sale of the company, a divestiture or a recapitalization. The stock is also headed for the biggest […]
New York City is approaching a COVID alert level of “high,” according to a statement from the health department, that urges New Yorkers to again wear face mask in indoor settings. For now, the city’s alert level remains “medium,” but cases are continuing to climb, driven by the omicron variant and subvariants. In an advisory, […]
Gold futures rose on Monday, ending a 2-session slid, as the dollar’s surge took a breather and Treasury yields pulled back from a recent peak. Gold for June deliver gmc22 GC00, +0.41% advanced $5.80, or 0.3%, to settle at $1,814.00 an once on Comex, bouncing after the yellow metal briefly traded below the $1,800 threshold. […]