Category: Market News
Oil futures climbed on Wednesday, with growing concerns over the Russia-Ukraine situation prompting U.S. benchmark prices to settle at their highest since October 2014. “The market remains extremely tight and geopolitical concerns — namely the standoff between the West and Russia over Ukraine – will be the real drivers of markets in the short term,” […]
President Joe Biden on Wednesday declined to speak at length about reports that said liberal Supreme Court Justice Stephen Breyer is retiring, though he joked about nominating Cummins CMI, +1.54% CEO Tom Linebarger. “There has been no announcement from Justice Breyer. Let him make whatever statement he’s going to make, and I’ll be happy to […]
After a period in which celebrity names like Mariah Carey and BTS showed up on the McDonald’s Corp. MCD, +1.12% menu as much as the Big Mac, the fast-food giant has taken inspiration from its less famous customers for the next limited-time menu. Starting Jan. 31, “Menu Hacks,” which mixes and matches different menu items […]
Shares of Moderna Inc. MRNA, -3.03% bounced 4.3% in premarket trading, putting them on track to snap a record eight-day losing streak, after Deutsche Bank analyst Emmanuel Papadakis said investors can stop selling after the recent precipitous decline. The COVID-19 vaccine provider’s stock has plunged 31.6% during its losing streak, which is the longest since […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies declined by 872,000 barrels for the week ended Jan. 21, according to sources. The API also reportedly showed a weekly inventory climb of 2.4 million barrels for gasoline, while distillate supplies fell by 2.2 million barrels. Crude stocks at the Cushing, Okla., delivery hub […]
President Joe Biden is slated to meet Wednesday with CEOs from a number of companies as he tries again to push for passage of his social-spending and climate bill, according to multiple published reports. General Motors GM, -1.41% CEO Mary Barra, Ford F, -2.01% CEO Jim Farley, Microsoft MSFT, -2.66% President Brad Smith, Salesforce.com CRM, […]
Shares of F5 Inc. FFIV, -2.44% fell more than 17% in the extended session Tuesday after the software company reported quarterly earnings and sales above Wall Street expectations but said supply-chain snags are crimping its ability to meet increased demand. F5 said it earned $94 million, or $1.51 a share, in the fiscal first quarter, […]
Oil futures climbed on Tuesday, shaking off pressure from declines in the U.S. stock market to recoup all of their losses from the previous session and then some. “The market remains fundamentally bullish and conflict with Russia does nothing to alleviate supply-side pressures,” said Pratibha Thaker, editorial director, Middle East and Africa, at the Economist […]
Walmart Inc. WMT, -2.13% announced Tuesday that it has taken a stake in Plenty Unlimited Inc., an indoor vertical farming company. Plenty recently conducted a $400 million round of Series E funding. Walmart’s investment will not only bring Plenty product to Walmart stores, but will give the retail giant a spot on Plenty’s board of […]
Shares of AMC Entertainment Holdings Inc. AMC, -2.69% fell 4.9% toward an eight-month low in morning trading Tuesday, which puts them on track to suffer a ninth-straight decline. The stock has plunged 30.6% during its losing streak, which would be the longest since the 11-day stretch that ended on Jan. 5, 2021. The Wall Street […]
