Category: Market News
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 6.1 million barrels for the week ended Feb. 25, according to sources. The API also reportedly showed a weekly inventory decline of 2.5 million barrels for gasoline, while distillate stockpiles edged up by 400,000 barrels. Crude stocks at the Cushing, Okla., delivery […]
President Joe Biden has kicked off his first State of the Union speech, beginning an address that is expected to focus heavily on the Russian invasion of Ukraine and the president’s plan to fight inflation. Biden is expected to say that the U.S. will close its airspace to Russian airlines in a bid to further […]
Published: March 1, 2022 at 9:18 p.m. ET President Joe Biden said the U.S. government is closing off American air space to all Russian flights — “further isolating Russia and adding an additional squeeze on their economy.” The announcement had been expected following reports earlier Tuesday, and it came as Biden delivered a State of […]
Shares of First Solar Inc. FSLR, +0.44% fell more than 11% in the extended session Tuesday after the solar-panel maker reported a mixed quarter, with sales falling short of Wall Street expectations, and 2022 sales guidance was lower than estimates. First Solar said it earned $131 million, or $1.23 a share, in the fourth quarter, […]
President Joe Biden on Tuesday night will slam Russian President Vladimir Putin over his invasion of Ukraine and lay out plans to fight inflation during his State of the Union address, according to excerpts released by the White House. “Putin’s war was premeditated and unprovoked,” Biden will say, according to his prepared remarks. “He rejected […]
Oil futures rallied on Tuesday, with U.S. prices ending at their highest since July 2014, supported by the ongoing threat to global supplies from the Russia-Ukraine crisis. Prices continued higher even after the International Energy Agency said its members agreed to release 60 million barrels from their emergency oil reserves to ease concerns over a […]
Salesforce.com Inc.’s stock CRM, +0.11% rose 0.2% in afternoon trading Tuesday, and was one of just four of 30 Dow Jones Industrial Average DJIA, -2.15% components gaining ground, ahead of the customer-relationship-management software company’s fiscal fourth-quarter results due out after the closing bell. An options strategy known as a straddle is priced for a one-day […]
Lennar Corp. LEN, +0.29% disclosed Tuesday that both co-Chief Executives Rick Beckwitt and Jonathan Jaffe had total compensation of $34.045 million in 2021, up from 2020 total comp $21.983 million for Beckwitt and $19.352 million for Jaffe. The combined compensation for both home builder’s CEOs of $68.090 million was up 64.7% from 2020. The salaries […]
Shares of Gilead Sciences Inc. GILD, +0.07% were down 1.0% in premarket trading on Tuesday after the company said it received a complete response letter from the Food and Drug Administration regarding its application for an experimental HIV drug. Gilead is seeking FDA approval for lenacapavir, a long-acting HIV-1 capsid inhibitor, for people with multi-drug […]
Green Thumb Industries Inc. GTII, +3.20% GTBIF, +0.68% said Tuesday its fourth-quarter net income rose to $22.81 million, or 10 cents a share, from $22.47 million, or 11 cents a share in the year-ago quarter. Sales rose by 37.4% to $243.6 million, from $177.2 million in the year-ago quarter as the cannabis company grew scale […]