Category: Market News
Oil futures climbed sharply on Wednesday, with U.S. prices marking their highest finish in over two weeks. Prices got a boost from ongoing worries over global supply disruptions from the Russia-Ukraine war, as well as data showing weekly declines in U.S. crude, gasoline and distillate inventories. “We continue to expect WTI oil to be range […]
The Japanese yen is taking a hit from hawkish remarks by Federal Reserve policy makers this week, extending its weakness against the U.S. dollar for a fourth straight session. Japan’s currency was trading at around 121 yen per dollar USDJPY, +0.20% as of Wednesday, a day after the Asian currency weakened to a six-year low […]
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 2.5 million barrels for the week ended March 18. On average, the EIA was expected to show crude inventories unchanged for the week, according to analysts surveyed by S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported a 4.3 million-barrel […]
Shares of Hyzon Motors Inc. HYZN, +0.69% slid 15% premarket Wednesday, after the supplier of hydrogen-powered commercial vehicles reported fourth-quarter earnings showing a wider-than-expected loss and revenue that fell far short of estimates. The Rochester, New York-based company posted a net loss of $28.6 million, or 12 cents a share, for the quarter, wider than […]
Read Next Tesla stock up as Elon Musk cuts ribbon on Berlin Gigafactory expected to produce 500,000 vehicles a year Tesla Inc. shares undefined rose 2% Tuesday, as Chief Executive Elon Musk cut the ribbon on the company’s first manufacturing facility in Europe, its 5.5 billion euro ($5.5 billion) Gigafactory in Berlin. The plant is […]
The BA.2 subvariant now makes up an estimated 34.9% of COVID-19 cases in the U.S., according to the most recent data from the Centers for Disease Control and Prevention. That’s up from the estimated 23.1% of new cases reported a week ago. BA.2 is a subvariant of omicron and is more transmissible than omicron. The […]
White House press secretary Jen Psaki said in a statement Tuesday that she tested positive for COVID-19, so she won’t be joining President Joe Biden on his trip to Europe this week. Psaki said she had “two socially-distanced meetings” with Biden on Monday, and the president is “not considered a close contact as defined by […]
Gold futures finished lower on Tuesday, pressured by strength in Treasury yields in the wake of comments from Federal Reserve officials on interest-rate hikes. Fed Chairman Jerome Powell on Monday said policy makers could delivery half percentage point rate hikes at future meetings and St. Louis Fed President James Bullard said Tuesday that the central […]
During his trip to Europe later this week, President Joe Biden will “join our partners in imposing further sanctions on Russia and tightening the existing sanctions to crack down on evasion and to ensure robust enforcement,” said Jake Sullivan, Biden’s national security adviser, during a Tuesday briefing for reporters. When asked for details, Sullivan said […]
Stocks ended higher Tuesday, finding their footing a day after the Dow Jones Industrial Average snapped a five-day winning streak following hawkish comments by Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average DJIA, +0.74% finished around 255 points higher, up 0.7%, near 34,807, according to preliminary figures, while the S&P 500 SPX, +1.13% […]