Category: Market News
Olympic Steel Inc. ZEUS, +2.75% said on Friday that it boosted its dividend by more than four-fold, following a year of “record profitability” in 2021. The steel maker’s stock was still inactive in the premarket. The new dividend of 9 cents a share is up from 2 cents a share, and will be payable March […]
JPMorgan Chase & Co. JPM, +0.47% CFO Jeremy Barnum said Friday the bank remains confident it’ll achieve its target of 17% return on average tangible common shareholders’ equity (ROTCE). “We feel really good about the 17%,” Barnum said in comments at the 23rd Annual Credit Suisse Financial Services Forum. While some M&A deals have been […]
Kraft Heinz Co. KHC, +1.77% announced a partnership with Google GOOG, -1.39% google on Friday that’s intended to further the food company’s digital transformation. Kraft will use machine learning tools to help with new flavors and products, improve shopper engagement using Google Cloud products, and use platforms like Google Ads and YouTube for marketing. Kraft […]
Stocks were mostly higher but little changed overall after the opening bell Friday as investors monitored prospects of a Russian invasion of Ukraine and assessed the speed and scope of Federal Reserve rate hikes. The Dow Jones Industrial Average DJIA, -0.68% fell 40 points, or 0.1%, to 34,272, while the S&P 500 SPX, -0.72% edged […]
The numbers: Existing-home sales increased by nearly 7% between December and January, hitting a seasonally-adjusted, annual rate of 6.5 million, the National Association of Realtors said Friday. Compared to a year ago, sales were down more than 2%. Economists polled by MarketWatch expected the pace of home sales to come in at 6.1 million. What […]
Existing-home sales increased by nearly 7% between December and January, hitting a seasonally-adjusted, annual rate of 6.5 million, the National Association of Realtors said Friday. Economists polled by MarketWatch expected the pace of home sales to come in at 6.1 million. Compared to a year ago, sales were down more than 2%. The inventory of […]
Shares of General Electric Co. GE, -5.86% took a dive in morning trading Friday, swinging from a slight gain to a 4.3% loss, after the industrial conglomerate disclosed that supply chain challenges will put pressure on growth, profit and free cash flow through the first half of 2022, more so than typical seasonality. “In light […]
Baker Hughes BKR, -1.09% on Friday reported that the number of active U.S. rigs drilling for oil was up by four to 520 this week. That followed a climb of 19 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 […]
Read Next DraftKings stock tumbles after loss widens as costs jump, while revenue rises above expectations Shares of DraftKings Inc. undefined tumbled 15.4% in premarket trading Friday, after the digital sports entertainment and gaming company another quarterly loss that widened from a year ago, while revenue rose above expectations but costs jumped. The net loss […]
U.S. stocks closed lower Friday and booked a second week in a row of declines, as investors kept an eye on Russia and Ukraine, fearing an outbreak of war. President Biden is due to speak shortly after the closing bell on Russia tensions, with a focus on “continued efforts to pursue deterrence and diplomacy, and […]