Category: Market News
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 4.3 million barrels for the week ended March 18, according to sources. The API also reportedly showed weekly inventory declines of 626,000 barrels for gasoline and 826,000 barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub were up by 646,000 […]
U.S. oil futures finished lower on Tuesday, easing back after posting a gain of more than 7% in the previous session. Traders continued to weigh the likelihood of a European Union ban on imports of Russian oil. A meeting of NATO on Thursday “could yield tougher measures against Moscow, potentially confirming the anticipated supply risks […]
Tesla Inc. shares TSLA, +2.97% 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 based in Gruenheide, a coal town that sits within commuting distance of the German capital. Musk did a dance […]
Carnival Corp. CL, -0.60% said Tuesday it lost $1.89 billion, or $1.66 a share in the first quarter, compared to a loss of $1.97 billion, or $1.80 a share, in the year-ago period. Revenue increased to $1.62 billion from $26 million. Analysts expected a loss of $1.28 a share and revenue of $2.26 billion, according […]
Packaging company Sonoco Products co. SON, -1.12% raised its first-quarter guidance on Tuesday to reflect strong price and cost recovery across most of its businesses. The company said it expects per-share earnings of 80 cents to 90 cents, including after- tax restructuring charges and acquisition costs and other one-time items. Adjusted to remove those items, […]
A Food and Drug Administration advisory committee is scheduled to meet April 6 to discuss whether there is a need to authorize or approve COVID-19 booster doses in the future. The Vaccines and Related Biological Products Advisory Committee will also talk about creating a process for selecting SARS-CoV-2 virus strains to be included in future […]
Boeing Co. is dragging down the Dow Jones Industrial Average Monday morning, with its shares tumbling after a Boeing 737 jet operated by a Chinese airline reportedly crashed. Shares of Boeing BA, -3.59%, the Dow’s biggest loser in Monday morning trading, are down around 5%, according to FactSet data. Chinese state media broadcaster CCTV said […]
The Boeing Co. shares BA, -3.59% fell 4.8% Monday, after a Chinese airline with 133 people on board crashed in the southern province of Guangxi. Chinese broadcaster CCTV said the accident involved a China Eastern Airlines Boeing and occurred near the city of Wuzhou in Teng county, the Associated Press reported. There was no immediate […]
President Joe Biden on Monday offered a fresh warning about Russia’s government possibly launching cyberattacks. “I have previously warned about the potential that Russia could conduct malicious cyber activity against the United States, including as a response to the unprecedented economic costs we’ve imposed on Russia alongside our allies and partners,” Biden said in a […]
Alibaba Group Holding Ltd. BABA, -4.35% announced late Monday that it was upsizing its share-buyback program. The Chinese e-commerce giant is now authorized to repurchase up to $25 billion in shares, whereas the prior authorization was for $15 billion. The program will be effective for a two-year period that ends in March 2024. Alibaba disclosed […]