Category: Market News

Apr 05
Stocks mixed as investors monitor Ukraine

Stocks were mixed after opening with small losses Tuesday, a day after gaining ground in a tech-led rally, as investors monitored developments in the Russia-Ukraine war and awaited more clues on the Fed’s plans for tightening monetary policy. The Dow Jones Industrial Average DJIA, +0.52% was up 80 points, or 0.2%, at 35,002, while the […]

Apr 05
Coronavirus tally: CDC plans to revamp after criticism for its handling of pandemic as U.S. approaches 1 million official deaths

The U.S. Centers for Disease Control and Prevention is planning to revamp itself following a one-month review by an outside senior federal health official, according to its head, Dr. Rochelle Walensky. The move comes after criticism of the agency for its handling of the pandemic, and in particular for issuing confusing guidance over masking, isolation […]

Apr 05
Bank of America more than doubles sustainable finance activity

Bank of America Corp. BAC, -0.17% said Monday it mobilized and deployed about $250 billion in sustainable finance activity for 2021, an all-time high and an increase of 140% over the year-ago figure of $105 billion. The effort comes after the bank set a goal in 2021 of $1.5 trillion by 2030 in sustainable finance. […]

Apr 05
Maine’s legal adult use cannabis generates $65 million of economic activity in first year: Study

The adult use cannabis market in Maine generated about $65 million in economic activity and 900 jobs in its first year, according to a study made public on Monday by Colby College’s Laboratory for Economic Studies. Retail sales totaled about $58.5 million between October of 2020 and September 2021 and generated about $8.8 million in […]

Apr 05
Oil futures settle higher, with U.S. prices back above the $100 mark

Oil futures settled higher on Monday after posting their biggest weekly loss in about two years late last week, after the U.S. and International Energy Agency announced plans to release oil from emergency reserves. Oil prices have rebounded after last week’s big declines, with U.S. prices recovering back above $100 a barrel, “in the wake […]

Apr 05
Tech shares lead stocks to higher close

Stocks ended higher Monday, kicking off the week on a positive note, as investors bought tech-related shares and shook off fears of a recession. The Dow Jones Industrial Average DJIA, +0.30% rose around 104 points, or 0.3%, to close near 34,922, according to preliminary figures, while the S&P 500 SPX, +0.81% gained around 37 points, […]

Apr 04
Carnival Corp. stock gains nearly 3% after cruise operator has busiest booking week ever

Shares of Carnival Corp. CCL, -1.55% rose nearly 3% in the extended session Monday after the cruise operator said that the week of March 28 was its busiest booking seven-day period ever. The week showed a “double-digit” increase from the previous record 7-day booking total, the company said, without further details. Twenty-two out of Carnival’s […]

Apr 04
U.S. to announce more Russia sanctions this week, says Biden aide

The U.S. will announce more sanctions against Russia “this week” over its invasion of Ukraine, President Joe Biden’s National Security Adviser Jake Sullivan said Monday. Biden on Monday also called for a war crimes trial for Russian President Vladimir Putin, calling him “brutal” after reports of civilian massacres in Bucha, Ukraine. Briefing reporters at the […]

Apr 04
Gold futures end higher to recoup a portion of recent losses

Read Next Coronavirus tally: UK sees record number of COVID cases, adds nine new symptoms to official list The official list of symptoms of COVID-19 has been expanded in the UK, where cases are currently running at the highest level since the start of the pandemic. The National Health Service added nine new symptoms to […]

Apr 04
Biden says he’s seeking more Russia sanctions as he calls for war crimes trial for Putin

President Joe Biden on Monday said he is seeking to impose more sanctions on Russia, following the emergence of evidence of civilian executions in Ukraine. He also called for a war crimes trial for Russian President Vladimir Putin, telling reporters in Washington, “this guy is brutal.” Reports of civilian massacres in Bucha, Ukraine, led to […]