Category: Market News
Ebay Inc. EBAY, +2.37% announced an expansion of its “Authenticity Guarantee” to trading cards sold for $2,000 or more. Through a partnership with Professional Sports Authenticator that launches on Monday, eBay will begin verifying that cards meet the listing description, haven’t had their sealed plastic holders tampered with, and aren’t counterfeit. The program will ultimately […]
New York City has moved its COVID-19 risk level to medium, or yellow, from green, according to the city’s health department website, signaling that cases are rising at an undesirably fast pace. The city is currently seeing nearly 2,500 new cases a day, which is up from about 600 in early March. The number may […]
Traders of fed-funds futures see a 91% likelihood that the Federal Reserve delivers a 75 basis point rate hike in June, up from 19% a month ago, based on the CME FedWatch Tool. They are factoring in the prospect of a jumbo-sized move on top of an almost 100% chance of a 50 basis point […]
Gold prices end Monday lower, recording the worst daily drop in nearly two months for the precious metal, as the dollar continued to soar and Treasury yields climbed. Gold for June delivery GC00, -0.11% GCM22, -0.11% shed $27.70, or 2.5%, to settle at $1,863.60 an once on Comex, the biggest daily percentage decline for the […]
Shares of Boeing Co. BA, -0.15% fell more than 3% on Monday, on track for their lowest close since May 22, 2020, when they closed at $137.53, and extending their losses to a ninth session. The stock traded as low as $143.38, its lowest intraday level since Nov. 2, 2020, when it hit $143.38. Over […]
Shares of Chemours Co. CC, +0.09% jumped nearly 7% in the extended session Monday after the the chemicals company reported first-quarter earnings that beat Wall Street expectations, saying its “outstanding” quarterly performance reflects structural improvements and longer-term growth trends for some of its businesses. Chemours said it earned $234 million, or $1.43 a share, in […]
Stocks rallied late Monday to end higher, dulling some of the pain of a brutal April selloff. The Dow Jones Industrial Average DJIA, +0.26% rose about 86 points, or 0.3%, to end near 33,063, after tumbling to 32,449.87 at the session’s low. The S&P 500 index SPX, +0.57% advanced 0.6% and the Nasdaq Composite Index […]
Vice President Kamala Harris will return to work in person on Tuesday after testing negative for COVID-19, her press secretary said in a statement. “Today, the Vice President tested negative for COVID-19 on a rapid antigen test,” said press secretary Kirsten Allen in a statement. “Following CDC guidelines, she will wear a well-fitting mask while […]
The Office of the Comptroller of the Currency (OCC) has lifted a 2012 consent order against Citigroup Inc. C, +0.67% that called for the bank to improve its transparency and take steps against money laundering, a source familiar with the bank confirmed on Monday. Reports surfaced late Thursday that Citi CEO Jane Fraser sent out […]
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch