Category: Market News
Shares of State Street Corp. STT, +4.51% surged 5.3% in morning trading Wednesday, after the provider of banking and trust services announced a collaboration with U.K.-based Copper.co as it looks to launch an “institutional grade” digital custody offering. State Street said clients will be able to store and settle digital assets within a secure environment, […]
Shares of Thor Industries Inc. THO, +2.47% shot up 6.3% in premarket trading Wednesday, after the maker of recreational vehicles reported fiscal second-quarter profit and sales that rose well above expectations, as strong demand for RVs and towables in North America offset continued supply chain challenges. Net income for the quarter to Jan. 31 more […]
Shares of NCR Corp. NCR, +4.34% shot up 4.6% in afternoon trading Tuesday, after the provider of technology that helps run stores, restaurants and self-directed banking said it has suspended sales of all of its products in Russia in the wake of the country’s invasion of Ukraine. The stock had slumped 14.2% since the invasion […]
Oil futures climbed Tuesday, with U.S. prices up by nearly 4%, after President Joe Biden announced a ban on imports of Russian oil. “How high oil prices will need to go depends primarily on how much and for how long the market will need to shun export barrels from Russia and whether other buyers, such […]
Coca-Cola Co. KO, -3.96% said Tuesday it was suspending its business in Russia following the lead of several companies that have suspended activity because of the invasion of Ukraine. “Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine,” Coca-Cola said in a statement. “We will continue to […]
Stocks finished lower on Tuesday after failing to hold earlier gains, as the Biden administration made good on threats to ban Russian oil imports in a bid to further pressure Moscow to end its invasion of Ukraine. As U.S. oil prices CL00, +2.17% finished above $123 a barrel, the highest since 2008, the Dow Jones […]
Stitch Fix Inc. SFIX, +4.36% shares fell more than 16% in the extended session Tuesday after company posted a mixed fiscal second quarter and guided for lower sales, saying it continues to face “challenges” in getting people to sign up for its online personal styling services. Stitch FIx said it lost $30.9 million, or 28 […]
XPO Logistics Inc. XPO, +2.72% stock rallied more than 8% in the extended session Tuesday after the logistics company announced plans to split itself into two publicly traded companies, a deal it said would be tax-free to shareholders. One of the companies would encompass XPO’s freight brokerage business, which matches loads from shipping customers to […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 2.8 million barrels for the week ended March 4, according to sources. The API also reportedly showed weekly inventory declines of nearly 2 million barrels for gasoline and 5.5 million barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub were […]
Gold futures rose on Tuesday for a fourth straight session, settling above the $2,000-an-ounce mark for the first time since August 2020. Gold’s surge today and in recent sessions is “not only a reaction to the Ukraine situation, but also a sign that shorts in the futures markets are abandoning their battle to keep the […]