Category: Market News
NextEra Energy Inc. NEE, +0.23% said Tuesday that it was “disappointed” in the U.S. Department of Commerce’s decision to look into possible tariffs on solar panel imports from certain countries in Asia. The clean energy company’s stock fell 0.5% in afternoon trading, reversing an earlier gain of as much as 0.7%. The decision followed a […]
Oil futures declined on Tuesday for a second straight session, with prices pressured by reports of progress in peace talks between Russia and Ukraine. Prices have fallen “with Russia signaling a willingness to de-escalate the war against Ukraine,” said Jay Hatfield, chief investment officer at ICAP. “If there is a full cease fire and more […]
U.S. stocks finished higher Tuesday, with the S&P 500 exiting correction territory after a little over a month, as investors turned more bullish on hopes for a ceasefire agreement between Russia and Ukraine. The S&P 500 SPX, +1.23% added about 56 points, or 1.2%, enough to close above the 4,587.77 mark necessary to emerge from […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 3 million barrels for the week ended March 25, according to sources. The API also reportedly showed weekly inventory declines of nearly 1.4 million barrels for gasoline and 215,000 barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub were down […]
Shares of TJX Companies Inc. TJX, +3.74% rallied 3.7% in afternoon trading Tuesday, after the discount apparel and home fashions retailer raised its dividend by 13.5% and announced plans to repurchase up to $2.5 billion worth of stock in the current fiscal year. The new quarterly dividend of 29.5 cents a share, up from 26 […]
Gold futures settled at their lowest in nearly two weeks, not three weeks as previously stated. Gold futures fell for a third straight session on Tuesday to mark their lowest settlement in almost two weeks. There’s a “heavy hint of optimism in the air amidst headlines of potential Putin-Zelensky peace talks, and the Russian military […]
MetLife Inc. MET, +0.74% said Tuesday its MetLife Investment Management (MIM) unit set a new agricultural mortgage loan origination record of $6 billion in 2021. The $6 billion figure exceeded by 20% the previous record set in 2018; it also boosted MIM’s year-end total agricultural mortgage loan assets under management to a record high of […]
Bath & Body Works Inc. BBWI, -2.06% announced the additions of Juan Rajlin, Alphabet Inc. GOOG, +0.30% GOOGL, -0.15% and Google treasurer, and Alessandro Bogliolo, former Tiffany & Co. chief executive, to the company’s board. Andrew Meslow, Bath & Body Works’ chief executive, and Robert Schottenstein will not stand for re-election at the annual stockholders […]
McCormick & Co. Inc. MKC, -0.31% reported Tuesday fiscal first-quarter profit and sales that topped expectations, as higher at-home consumption compared with pre-pandemic levels helped offset higher inflation and supply-chain challenges. The spices and seasoning mixes company’s stock was still inactive in premarket trading. Net income for the quarter to Feb. 28 fell to $154.9 […]
Shares of GameStop Corp. GME, +24.77% rose 1.2% in premarket trading Monday, which puts them on course for the longest win streak in 12 years. The videogame and consumer electronics retailer’s stock rallied 6.7% on Friday for a ninth-straight gain, which was the longest since the nine-day stretch that ended Nov. 29, 2017. A tenth-straight […]