Category: Market News
Honda Motor Co. Ltd. HMC, -0.24% 7267, +0.31% said Thursday it will introduce a new CR-V Hybrid model this year, followed by a new Accord Hybrid, as part of its electrification strategy in North America to increase hybrid volume. The Japan-based auto maker said to make room for the production of the new models and […]
Morgan Stanley MS, +0.24% shares rose 2.5% on Thursday after the investment bank said its first-quarter earnings fell 11% to $3.54 billion, or $2.02 a share, from $3.98 billion, or $2.19 a share, in the year-ago quarter. Adjusted earnings fell to $2.06 a share from $2.22 a share. Revenue dipped 6% to $14.8 billion, from […]
Amazon.com Inc. will hit U.S. third-party sellers with an inflation and fuel surcharge of 5%, saying in a memo that it already has absorbed “significant cost increases.” The fee will go into effect April 28 and will be on top of existing fees that Amazon collects from U.S. third-party sellers who use Amazon’s AMZN, +3.15% […]
Stocks closed with strong gains and near session highs as earnings season began and Treasury yields pulled back. The Dow Jones Industrial Average DJIA, +1.01% finished with a gain of around 344 points, or 1%, according to preliminary figures, while the S&P 500 SPX, +1.12% rose 1.1% and the tech-heavy Nasdaq Composite COMP, +2.03% jumped […]
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch
Costco Wholesale Corp. COST, +1.67% said late Wednesday that its board of directors has authorized a dividend increase to 90 cents a share, from 70 cents a share. The dividend is payable on May 13 to shareholders of record at the close of business on April 29. Shares of Costco rose 0.3% in the extended […]
Shares of Rent the Runway Inc. RENT, +6.72% fell more than 6% in the extended session Wednesday, giving back some of its strong gains from the regular session, after the fashion rental company reported a narrower fourth-quarter loss and revenue that topped Wall Street expectations as well as above-expectation revenue guidance for the year. Rent […]
Dow Inc. DOW, +1.42% said late Wednesday its board has authorized a new $3 billion share buyback program and declared a dividend of 70 cents a share. The dividend is payable on June 10 to shareholders of record on May 31, the industrials company said. The share repurchase program does not have an expiration date […]
Amazon.com Inc. AMZN, +3.08% announced Wednesday that its “Just Walk Out” technology, which allows customers to bypass checkout to pay for items, will be making its Major League Baseball debut. During the 2022 season, guests will be able to buy snacks, souvenirs, wine and more at two shops in Minute Maid Park, home for the […]
Gold futures climbed Wednesday, stretching their streak of gains to a fifth consecutive session. Most of the gains for the metal came after the U.K. posted “higher than expected and accelerating” inflation numbers, said Colin Cieszynski, chief market strategist at SIA Wealth Management. Gold continued to rise after U.S. data showed wholesale prices over the […]