Category: Market News
Fastenal Co. FAST, -2.82% disclosed Monday that while its total workforce increased by 0.7% last year, but fell 1.6% in the U.S. The maker of fasteners, tools and manufacturing supplies said in its 10-K filing with the Securities and Exchange Commission that it had 20,507 full and part-time employees worldwide as of Dec. 31, 2021, […]
President Joe Biden on Monday said “we will bring an end” to the Nord Stream 2 pipeline connecting Russia and Germany if Russia invades Ukraine. Speaking during a White House news conference with German Chancellor Olaf Scholz, Biden did not specify how he would propose to halt the project, but said, “I promise you we’ll […]
Shares of Amgen Inc. AMGN, +0.64% rose more than 3% in the extended session Monday after the drug maker reported an adjusted quarterly profit above Wall Street expectations and said sales rose in part due to COVID-19 products. Amgen said it earned $1.9 billion, or $3.36 a share, in the quarter, compared with $1.6 billion, […]
Yum Brands Inc. YUM, -0.15% said late Monday its board has declared a dividend of 57 cents a share, representing an increase of 14%. The dividend will be paid on March 11 to shareholders of record on Feb. 18, the parent company of KFC, Pizza Hut and Taco Bell said. Shares of Yum Brands were […]
Shares of Chegg Inc. CHGG, +3.65% rallied more than 10% in the extended session Monday after the education technology and student services company reported fourth-quarter earnings well above Wall Street expectations and said it ended the year well despite COVID-19 uncertainty. Chegg said it earned $24 million, or 15 cents a share, compared with $26 […]
Oil futures ended with a loss on Monday, with U.S. benchmark prices pulling back after ending last week at their highest since September 2014. Momentum in oil prices has been stabilizing on signs that nuclear talks between the U.S.-Iran appear to be “making positive noise,” said Pat Thaker, editorial director, Middle East & Africa at […]
Cruise stocks surged Monday, and were among the biggest gainers in the S&P 500 SPX, -0.10%, in the wake of Royal Caribbean Group’s RCL, +7.55% earnings report in which the cruise operator Chief Executive Jason Liberty said “we are past COVID.” Shares of Royal Caribbean’s ran up 6.9% in midday trading, Norwegian Cruise Line Holdings […]
Zimmer Biomet Holdings Inc. ZBH, -4.67% that ZimVie Inc., the wholly owned subsidiary that is being spun off into a separate, publicly traded company will have $1.0 billion in revenue in 2022, which will be about the same as 2021. ZimVie, which is expected to begin trading as a standalone entity on March 1, is […]
Spirit Airlines Inc. SAVE, +0.18% and Frontier Group Holdings Inc. ULCC, -1.43% said Monday they have agreed to merge in a cash-and-stock deal valued at $6.6 billion including net debt and operating lease liabilities. Under the terms of the deal, Spirit shareholders will receive 1.9126 Frontier shares plus $2.13 in cash for each share owned, […]
The U.S. was heading toward 900,000 COVID fatalities on Friday, as the daily death toll continued to climb above 2,600. The U.S. is averaging 2,632 deaths a day, according to a New York Times tracker, up 30% from two weeks ago and the highest toll since last winter and above the peak surge in the […]
