Category: Market News
Gold futures climbed sharply on Monday, with concerns surrounding a possible Russian invasion of Ukraine boosting prices for the precious metal to their highest finish in nearly three months. “Comments from U.S. officials at the end of last week suggesting that an invasion of Ukraine by Russia was imminent, threw markets into a tailspin,” said […]
The U.S. is temporarily closing its embassy in Kyiv, Ukraine, and relocating operations to the western city of Lviv, Secretary of State Antony Blinken said in a statement. “We are in the process of temporarily relocating our embassy operations in Ukraine from our embassy in Kyiv to Lviv due to the dramatic acceleration in the […]
The Dow Jones Transportation Average DJT, +0.80% charged up 157 points, or 1.1%, in afternoon trading, but with just 9 of its 20 components gaining ground, to as the rally in Avis Budget Group Inc.’s CAR, +7.43% stock provided the boost the index needed to buck the selloff in the broader stock market. The car […]
Stocks fell Monday, but closed off session lows, as investors monitored the threat of a Russian invasion of Ukraine and continued to assess the path of future Federal Reserve rate hikes. The Dow Jones Industrial Average DJIA, -0.49% fell around 172 points, or 0.5%, to close near 34,566, according to preliminary figures, after falling more […]
Donald Trump’s longtime accounting firm abruptly cut ties with his family business last week, the New York Times reported, amid criminal and civil investigations into whether the former president illegally inflated the value of his assets. Mazars USA said in a Feb. 9 letter to the Trump Organization that it could no longer stand behind […]
U.S. oil futures rallied past $95 a barrel on Monday, settling at their highest since September 2014, with traders closely eying developments tied to the Russia-Ukraine crisis and its potential impact on global oil markets. “The possibility of war between Ukraine and Russia has put oil prices on a one-way road higher,” said Edward Moya, […]
Shares of Splunk Inc. SPLK, +8.37% climbed more than 8% Monday on reports that Cisco Systems Inc. CSCO, -0.68% has made a $20 billion acquisition offer for the software maker. The offer was made recently and the companies aren’t currently in active talks, according to a Wall Street Journal report, citing people familiar with the […]
Advanced Micro Devices Inc. shares AMD, +2.93% are up nearly 3% in Monday trading after the chipmaker announced that its $49 billion deal for Xilinx has officially closed. AMD also said that Chief Executive Lisa Su has been appointed the chair of the company’s board, while John Caldwell, the prior chair, has been named lead […]
Marriott International Inc. MAR, -2.75% said Monday its Executive Chairman J.W. Marriott Jr. has decided to retire in May and will not stand for re-election to the board at its coming annual shareholder meeting. He will be succeeded by David S. Marriott who will become chairman of the board following the meeting. J.W. Marriott will […]
Shares of Zurn Water Solutions Group ZWS, -1.97% rose 3.0% in premarket trading Monday, after the Wisconsin-based water control and safety company announced an agreement to acquire privately held Elkay Manufacturing Co. in a all-stock deal valued at nearly $1.6 billion. Under terms of the deal, Elkay shareholders will receive a total of 52.5 million […]
