Category: Market News
The U.S. Energy Information Administration raised its 2022 forecasts for U.S. and global benchmark oil prices by about 11%, according to a monthly report released Tuesday. The EIA said this year’s Brent crude is expected to average $82.87 a barrel, up 10.6% from the January forecast. West Texas Intermediate crude prices are expected to average […]
Shares of Novavax Inc. NVAX, -11.97% tumbled 12.2% in trading on Tuesday after a Reuters report said there are delays shipping the company’s COVID-19 vaccines to Europe and the Philippines in the first quarter of the year. Novavax’s vaccine has been authorized in several countries, including the U.K. and New Zealand. It is currently under […]
U.S. stocks posted strong gains on Tuesday, with the Dow industrials clinching the best session in over a week, as investors took a pause from gobbling up energy shares SP500.10, -2.12% to spread the wealth to other sectors of the market, including materials SP500.15, +1.57%, financials SP500.40, +1.38% and consumer discretionary SP500.25, +1.50%. The Dow […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 2 million barrels for the week ended Feb. 4, according to sources. The API also reportedly showed weekly inventory declines of 1.1 million barrels for gasoline and 2.2 million barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub edged down […]
Oil futures fell on Tuesday, with U.S. benchmark prices settling at their lowest level in nearly a week. “While some are suggesting the resumption of U.S.-Iran nuclear talks is acting as a drag, the reality is, even if there was an agreement it’s not immediately obvious how quickly this would translate into more supply,” said […]
Gold futures rose on Tuesday, extending their gains to a third-consecutive session. “The only trade finding any real conviction right now seems to be betting on faster rate hikes sooner from the [Federal Reserve],” said Adrian Ash, director of research at BullionVault. He said he expects higher interest rates to act “like kryptonite to gold, […]
F45 Training Holdings Inc. FXLV, +7.51% announced Tuesday that Gunnar Peterson, a celebrity trainer who has worked with Tom Brady, the Kardashians, Mike Tyson and others, as chief of athletics. Peterson has already designed “an exclusive ascending weight, pyramid-style resistance workout” that will launch in April. F45 stock was up 6.3% in Tuesday trading after […]
KKR & Co. Inc. KKR, -0.28% shares fell 4% in premarket trades on Tuesday after the private equity firm said its fourth-quarter profit fell to $507.56 million, or 82 cents a share, from $1.48 billion, or $2.46 a share, in the year-ago quarter. Adjusted profit was $1.59 a share. Analysts expected KKR to earn $1.21 […]
Carrier Global Corp. shares CARR, -0.26% rose 1.3% premarket Tuesday, after the heating and cooling equipment maker beat estimates for the fourth quarter. Palm Beach, Fla.-based Carrier posted net income of $324 million, or 36 cents a share, for the quarter, down from $884 million, or $1.00 a share, in the year-earlier period. Adjusted per-share […]
Shares of General Electric Co. GE, +0.90% rallied 1.3% Monday toward their longest winning streak in nearly six years, but they remained well below recent peak of just three weeks ago. GE’s stock started its current win streak after it closed at $89.32 on Jan. 26, which was the lowest close since Feb. 1, 2021, […]
