Category: Market News
The Biden administration is watching the stock market SPX, -1.72% and other indicators closely as equities tumbled on Friday, a White House spokeswoman said. “The stock market, as you’ve heard us say many times, is just one measure of the economy,” said press secretary Karine Jean-Pierre. “We are watching, always watching, these different indicators closely, […]
Gold futures fell Friday, with prices for the most-active contract losing 1.7% for the week and settling at their lowest since early April 2020. The surge in Treasury yields, along with a stronger U.S. dollar has “unsurprisingly clobbered the gold price, clubbing it back down to its lowest levels in over 2 years, against a […]
Netflix Inc. NFLX, -2.99% said Friday its principal accounting officer Ken Barker has submitted his resignation effective Oct. 7, meaning he is leaving his role less than four months after taking it up. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, -2.70%, where he was senior vice president finance. In […]
U.S. stocks opened sharply lower Friday, with all three major benchmarks heading for weekly losses in the wake of the Federal Reserve’s large interest rate hike and a surge in Treasury yields. The Dow Jones Industrial Average DJIA, -1.50% was down around 1% soon after the opening bell, while the S&P 500 SPX, -1.76% dropped […]
Credit reporting agencies Equifax Inc. EFX, -2.49%, TransUnion and Dublin-based Experian PLC EXPGY, -2.45% EXPN, -0.23% said Friday that they will continue to offer free weekly credit reports to U.S. consumers through the end of 2023. “This benefit will help consumers manage their financial health during a period of rising inflation and unprecedented economic uncertainty […]
Hilary Mantel, the British writer and winner of two Booker awards for her best-selling trilogy about the life of Thomas Cromwell, has died at the age of 70, according to her literary agent A.M. Health and publisher Harper Collins. Mantel died ” suddenly yet peacefully yesterday, surrounded by close family and friends,” they said in […]
Shares of Darden Restaurants Inc. DRI, -4.44% dove 2.5% in premarket trading Thursday, after the restaurant chain operator matched fiscal first-quarter profit expectations but missed on same-store sales, amid weakness in its flagship Olive Garden and LongHorn Steakhouse chains. Net income for the quarter to Aug. 28 fell to $193.0 million, or $1.56 a share, […]
Gold futures climbed on Thursday, with the haven precious metal finding support for a second straight session after Russia raised its war efforts in Ukraine, ordering a partial mobilization of reservists into service. Still, strength in the U.S. dollar following the Federal Reserve’s decision Wednesday to hike interest rates by 75 basis points helped to […]
Shares of Graphic Packaging Holding Co. GPK, +0.74% hiked up 0.9%, to buck the selloff in the broader stock market, after the consumer packaging provider said it raised its quarterly dividend by 33%. The new dividend of 10.0 cents a share, up from 7.5 cents a share, will be payable Jan. 5, 2023 to shareholders […]
Shares of Ford Motor Co. F, -0.57% eased about 0.1% in morning trading Tuesday, while the S&P 500 SPX, -0.50% dropped 0.5%, after the auto maker announced leadership changes as it looks to accelerate its “Ford+” growth plan, and as it enters an “intense period of execution” of its $50 billion investment in electric vehicles […]
