Category: Market News
Oil futures rose on Friday, as traders weighed ongoing worries about global energy supplies against a move by the U.S. to boost pressure on Russia to halt its assault on Ukraine. The U.S. and its international partners will move to revoke Russia’s trade status, which would lead to higher tariffs on Russian goods. West Texas […]
U.S. stocks slid into the closing bell on Friday, giving up earlier gains, and leaving the Dow down for five straight weeks as America and its allies looked to ratchet up economic pressure against Moscow to hopefully force the worsening conflict in Ukraine to a swifter end. The Dow Jones Industrial Average DJIA, -0.69% fell […]
The U.S. Treasury on Friday announced sanctions on two individuals and three entities for supporting North Korea’s development of weapons of mass destruction and ballistic missile programs. The sanctions target “a network of Russia-based individuals and entities complicit in helping [North Korea] procure components for its unlawful ballistic missile systems,” said Undersecretary of the Treasury […]
Deutsche Bank AG DB, -4.61% said Friday it will not take on any new business in Russia. “Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations,” the […]
Gold futures declined on Friday, paring their gain for the week in which prices touched their highest levels in 19 months. “Gold tumbled as risk appetite roared back after Russian President [Vladimir] Putin noted there are certain positive shifts in talks with Ukraine,” said Edward Moya, senior market analyst at OANDA. “Growth concerns, however, will […]
Shares of Pfizer Inc. PFE, +2.61% were up 2.0% in trading on Friday after the company said it closed its $6.7 billion acquisition of Arena Pharmaceuticals Inc. Arena is developing treatments for immuno-inflammatory diseases like ulcerative colitis and atopic dermatitis. It has said it expects to share data from a Phase 3 clinical trial testing […]
U.S. stocks opened higher Friday, with major indexes finding support as investors weighed remarks by Russian President Vladimir Putin and continued to monitor Russia’s invasion of Ukraine. The Dow Jones Industrial Average DJIA, +0.35% rose 268 points, or 0.8%, to 33,442, while the S&P 500 SPX, -0.01% rose 0.7% to 4,290 and the Nasdaq Composite […]
Buckle Inc. BKE, +0.20% shares rose 6.4% in Friday premarket trading after the company reported fourth-quarter profit that beat expectations. The apparel and accessories retailer posted net income of $83.9 million, or $1.69 per share, up from $65.6 million, or $1.33 per share, last year. Sales of $380.9 million were up from $318.8 million. The […]
Vita Coco Co. COCO, -17.49% stock slumped 17% in Thursday trading after the coconut water maker swung to a fourth-quarter loss. Net loss totaled $3.4 million, or 6 cents per share, after net income of $17.1 million, or 29 cents per share, last year. “The decrease was primarily driven by a non-cash gain due to […]
Gold futures resumed their climb on Thursday, a day after posting the first loss in five sessions. The precious metal once again climbed above $2,000, with the rise attributable to the Russia-Ukraine war and reports of zero progress towards an end of the conflict, said Jeff Wright, chief investment officer at Wolfpack Capital. Gold should […]