Category: Market News
The daily average for new COVID-19 cases have climbed to a five-week high, with the East Coast mostly driving the increases and as the BA.2 subvariant continues to spread, but hospitalizations are still falling to the lowest levels seen since during the pandemic. The seven-day average of new cases rose to 36,830 on Thursday, the […]
Oil futures traded near Thursday’s highs, with global benchmark prices turning higher, after the New York Times reported that European Union officials are drafting a measure to embargo Russian oil products. The EU has been reluctant to issue a ban on Russian oil given that some of its members are highly dependent on those imports. […]
Former Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a recession is “the most likely thing” partly because the Federal Reserve “is going to have to keep going [in its effort to subdue inflation] until […]
Shares of International Business Machines Corp. IBM, +0.33% rose 0.8% in midday trading Thursday, after Morgan Stanley analyst Erik Woodring turned bullish, saying he believes the information technology company is a “defensive play” amid growing macro risks. Woodring raised his rating to overweight, after being at equal weight since January 2020, and lifted his stock […]
Baker Hughes BKR, +0.19% on Thursday reported that the number of active U.S. rigs drilling for oil was up by two to 548 this week. That followed increases in each of the previous three weeks, Baker Hughes data show. The data were released a day this week early because most financial markets are closed on […]
President Joe Biden on Thursday signaled that his administration is close to making a decision on sending top U.S. officials to Ukraine after reports said such a move was being considered. “We’ll be making that decision now,” Biden told reporters. Source: Marketwatch
Read Next Twitter will likely accept an Elon Musk buyout after ‘many twists and turns,’ Wedbush says Wedbush’s prolific analyst Dan Ives said he believes Twitter Inc. undefined will ultimately accept Elon Musk’s unsolicited buyout bid, which values the social-media company at about $43.4 billion, but not without a lot of drama. “It would be […]
Stocks ended lower Thursday, leaving major indexes with losses for a holiday-shortened week; U.S. markets will be closed on Good Friday. The Dow Jones Industrial Average DJIA, -0.33% fell around 114 points, or 0.3%, to close near 34,451, according to preliminary figures, while the S&P 500 SPX, -1.21% lost around 54 points, or 1.2%, finishing […]
Gold futures settled lower on Thursday, easing back after posting gains in each of the past five trading sessions, but still finishing 1.5% higher for the week, Fact Set data show. Tailwinds for gold “in the form of high inflation are, of course, covered, but what is most encouraging is institutional investing in North America […]
Twitter Inc. TWTR, -1.02% will hold an all-hands meeting with employees at 2 p.m. Pacific Time Thursday, to discuss Elon Musk’s unsolicited bid for the company, CNBC Anchor Carl Quintanilla tweeted, citing an unnamed source. Tesla Inc. TSLA, -3.35% CEO Musk earlier offered to buy the entire company at a valuation of more than $43 […]