Category: Market News
American International Group Inc. AIG, -1.16% said Monday it reached an agreement with BlackRock Inc. BLK, +1.19% for BlackRock to manage liquid fixed income private placement assets valued up to $60 billion. BlackRock will also manage up to $90 billion of assets for AIG’s Life & Retirement business. The strategic partnerships “will provide both AIG […]
U.S. benchmarks opened mostly lower Monday morning, with the Dow Jones Industrial Average and S&P 500 down modestly, as the stock market remained focused on developments surrounding the Russia-Ukraine war. The Dow DJIA, +0.27% dipped about 0.2% and the S&P 500 SPX, +0.71% slipped 0.1%, while technology-laden Nasdaq Composite COMP, +1.31% rose less than 0.1% […]
Gold futures settled lower on Monday for a second straight session, with strength in the U.S. dollar pressuring prices for the metal. “The dollar has generally been the primary safe haven in recent weeks, but interest in gold, while perhaps somewhat subdued, is still relatively solid,” said Rhona O’Connell, head of market analysis, EMEA & […]
Oil futures fell sharply on Monday, with U.S. prices settling at their lowest in more than a week. The price decline was “dominated” by Chinese lockdowns, said Manish Raj, chief financial officer at Velandera Energy Partners, which may lead to lower demand for energy. West Texas Intermediate crude for May delivery CLK22, -0.86% declined by […]
U.S. stocks finished higher Monday, with the S&P 500 index and Dow industrials both booking a third straight session of gains as investors monitored potentially positive developments ahead of Russia and Ukraine talks in Turkey on Tuesday. The Financial Times reported on Monday that Russia no longer will demand that Ukraine be “denazified,” a claim […]
President Joe Biden on Monday defended his remarks on Saturday about Russian President Vladimir Putin, as reporters pressed him on the topic. “I was expressing the moral outrage I felt towards this man. I wasn’t articulating a policy change,” Biden told reporters on Monday. Capping a four-day trip to Europe Saturday, Biden said of Putin […]
The House committee investigating the U.S. Capitol insurrection of Jan. 6, 2021, plans to seek an interview with Ginni Thomas, according to a Washington Post report on Monday citing an unnamed source. Virginia Thomas, the wife of Supreme Court Justice Clarence Thomas, drew attention last week as reports said she repeatedly urged former President Donald […]
The U.S. House of Representatives is likely to pass the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) by a slim margin when it comes up for a vote as early as Friday but the measure will not likely pass the Senate, Beacon Policy Advisors LLC analyst Andrew Lokay said in a note on Monday. […]
TPG Inc. TPG, -0.33% said Monday its fourth-quarter pro forma GAAP earnings rose to $76.15 million, or 25 cents a share, from $74.4 million, or 24 cents a share, in the year-ago quarter. Analysts expected TPG to earn 41 cents a share, according to a FactSet survey. Total fourth-quarter revenue fell to $1.08 billion from […]
Shares of GameStop Corp. GME, +6.71% sank 5.8% in morning trading Thursday, putting them on track to snap the longest win streak in more than 18 months. The videogame and consumer electronics retailer’s stock had skyrocketed 80.5% over the past seven sessions to closed Wednesday at the highest price since Jan. 4, including a 49.7% […]