Category: Market News
Bond traders are doubtful about the Federal Reserve’s ability to deliver a total of at least 10 quarter-point rate hikes in the next two years without substantially undermining U.S. economic growth and employment. Treasury yields fell across the curve on Thursday — with some of the biggest declines coming in 1- and 2-year maturities. One […]
Gold futures settled higher on Thursday, putting an end to a four-session losing streak. “A combination of economic concerns, high inflation, and a dip in risk appetite on the Kremlin comments have contributed to the spike in the yellow metal,” said Craig Erlam, senior market analyst at OANDA. “At least two of these aren’t going […]
Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and […]
Moderna MRNA, +6.34% has asked the U.S. Food and Drug Administration on Thursday to authorize a fourth shot of its COVID-19 vaccine as a booster dose for all adults, the Associated Press reported. The request is broader than rival pharmaceutical company Pfizer’s PFE, +0.50% request earlier this week for the regulator to approve a booster […]
TerrAscend Corp. TRSSF, +2.24% TER, +0.58% shares rallied 8.3% to close at $5.36 on Thursday after the company said it’s encouraged by prospects for adult use cannabis sales in New Jersey, as it released its fourth-quarter results. Cantor Fitzgerald analyst Pablo Zuanic on Thursday reiterated an overweight rating on the stock and set a March […]
President Joe Biden will release his budget proposal for fiscal 2023 on March 28, an Office of Management and Budget official said. Presidential budgets serve as blueprints of what the administration hopes to accomplish, and lawmakers in Congress can develop their own plans for government funding. Source: Marketwatch
Chinese President Xi Jinping told U.S. President Joe Biden during a Friday phone call that the world’s prevailing trend of peace and development is facing serious challenges, according to a report from Xinhua, a Chinese state-run news agency. “The Ukraine crisis is not something we want to see,” Xi said, according to the report. The […]
Gold futures declined on Friday to settle about 2.8% lower for the week – the biggest weekly decline since November of last year. Gold prices declined on the back of a rally in the U.S. dollar, as investors continued to digest the Federal Reserve’s “new hawkish stance,” said Edward Moya, senior markets analyst at OANDA. […]
Mullen Automotive Inc. MULN, +18.85% shares rose more than 20% on Friday, bringing weekly gains to more than 100%, after the southern California electric-vehicle startup was featured in a couple of news outlets this week. Mullen hopes to have its Mullen Five, an electric crossover, for sale this year and has said it has a […]
Texas Roadhouse Inc.’s TXRH, +1.58% board of directors have authorized a $300 million share buyback program, effective immediately, the restaurant chain said in a filing with securities regulators late Friday. The program has no expiration date and replaces a previous stock repurchase program approved in May 2019, Texas Roadhouse said. The stock was flat in […]