Category: Market News
Union Pacific Corp. UNP, +0.92% said late Thursday its board has voted to increase the railroad’s quarterly dividend by 10% to $1.30 a share. The dividend is payable on June 30 to shareholders of record May 31, the company said. Union Pacific has paid a dividend for 123 straight years, it said. “Union Pacific continues […]
Treasury yields continued to fall Thursday amid strong demand for U.S. government debt despite growing stagflation fears — suggesting investors in the $23 trillion government bond market are giving up on trying to forecast the long-term outlook. That’s the view of Deutsche Bank Securities research analyst Aleksandar Kocic. In a phone interview Thursday, Kocic said […]
Brilliant Earth Group Inc. BRLT, +4.49% stock fell more than 20% in the extended session Thursday after the jewelry retailer reported revenue above Wall Street expectations but tweaked its outlook, saying it was feeling the pinch from the macroeconomic environment. Brilliant Earth said earned $3.4 million, or 3 cents a share, in the first quarter, […]
Shares of Payoneer Global Inc. PAYO, +4.35% were up 15% in after-hours trading Thursday after the financial technology company, which helps enable payments across borders, topped expectations with its latest results and upped its full-year forecast. The company logged net income of $20.2 million, or 6 cents a share, whereas it posted a net loss […]
The Biden administration on Thursday rolled out measures to address an ongoing U.S. baby-formula shortage, with the steps including one aimed at WIC, which is the federal government’s Special Supplemental Nutrition Program for Women, Infants and Children. The administration is “urging states to allow WIC recipients to use their WIC benefits on a wider variety […]
The Nasdaq Composite COMP, -0.00% dropped 1.0% in midday trading Thursday, putting it on track for an 18-month closing low, even though the Nasdaq exchange’s internals are showing a positive reading. The number of advancing stocks topped decliners 2,145 to 2,030, while volume in advancing stocks represented 55.1% of the total volume. The NYSE is […]
President Joe Biden plans to speak on Thursday afternoon with “retailers and infant formula manufacturers to receive an update on efforts to make infant formula supply more available to American families,” a White House official said in a statement. In addition, the official said that later this afternoon the White House will “announce additional actions […]
The number of COVID-19 fatalities in Europe passed the two million mark on Thursday, AFP reported, citing a statement from the World Health Organization. “A devastating milestone has passed as reported confirmed COVID-19 deaths from countries in the WHO European Region have exceeded more than 2 million people,” the UN health agency said in a […]
President Joe Biden on Thursday issued a statement marking one million U.S. deaths from COVID-19. “As a nation, we must not grow numb to such sorrow. To heal, we must remember. We must remain vigilant against this pandemic and do everything we can to save as many lives as possible, as we have with more […]
Tether USDTUSD, -1.07%, the largest cryptocurrency stablecoin by market cap, said it was performing a “chain swap” with an undisclosed third party after it fell as low as 95 cents against the dollar. “In few minutes Tether will coordinate with a 3rd party to perform a chain swap, converting from Tron TRC20 to Ethereum ERC20, […]