Category: Market News

Gap Inc. GPS, +2.86% announced plans to raise the 2022 annual dividend to 60 cents per share, 25% higher than the previous 48 cents per share dividend. The first quarterly dividend of 15 cents per share will be payable on or after April 27 to shareholders of record as of April 6. Gap stock has […]

LendingTree Inc. TREE, +15.65% rose nearly 7% in premarket trades on Friday after the loan provider said it expects first-quarter revenue of $280 million to $290 million, ahead of the Wall Street consensus estimate of $277.7 million, according to a survey by FactSet. For full-year 2022, LendingTree expects revenue of $1.2 billion to $1.25 billion, […]

Philip Morris International Inc. PM, +2.38% said Friday it has temporarily suspended operations in Ukraine, including at its factory in Kharkiv, in the wake of Russia’s invasion of the country. Philip Morris’ stock rose 0.8% in premarket trading, after falling 5.3% on Thursday. The cigarette maker said that in 2021, Ukraine accounted for about 2% […]

Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch

Delta Air Lines says it has withdrawn its codeshare agreement with PJSC Aeroflot AERZY, AETG, +5.67%, Russia’s flag carrier and the largest passenger airline in the Russian Federation, amid the ongoing invasion by Russia of neighboring Ukraine. The impact, according to a post on the company-operated Delta News Hub, is that Delta’s code has been […]

President Joe Biden and Judge Ketanji Brown Jackson, his pick for the Supreme Court, are slated to deliver remarks on her nomination at 2 p.m. Eastern Friday, the White House said. Biden tweeted Friday that he’s nominating Jackson to the Supreme Court, in a move that puts her on course to become the first Black […]

Kimberly-Clark Corp. KMB, +2.52% said Friday that it has taken a majority stake in Thinx, a company specializing in washable, menstruation underwear. Thinx undergarments are made to absorb wetness and be reused. Terms of the transaction were not disclosed. Among Kimberly-Clark’s existing brands are Kotex, Depend and Poise. “Our investment in the success of Thinx […]

Baker Hughes BKR, +2.72% on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 522 this week. That followed a climb of 4 oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by […]

Gold futures fell on Friday, ending the week with a loss for the first time in four weeks. “What we’ve seen this year is a bid for gold put in early on,” especially through the month of February as the threat of invasion ramped up, said Adam Koos, president at Libertas Wealth Management Group. Now […]

Oil futures declined on Friday, with U.S. prices paring their gain for the week to 1.5% in the wake of Russia’s invasion of Ukraine. “Energy traders realize that war in Ukraine probably won’t lead to any disruptions of Russian crude to Europe,” said Edward Moya, senior market analyst at OANDA. Still, the situation in Ukraine […]