Category: Market News
Department store shares moved higher Monday after a Wall Street Journal report that Kohl’s Corp. KSS, +33.01% has received a $9 billion takeover bid from activist hedge fund Starboard Value LP. Kohl’s confirmed receipt of a takeover offer. Kohl’s shares soared nearly 34% in Monday trading. Macy’s Inc. M, +7.54% stock rose 5.7%, and Nordstrom […]
Shares of MicroStrategy Inc. MSTR, -17.84% tumbled 12.7% toward a more than two-year low in premarket trading Monday, as the enterprise software company and bitcoin play continues to suffer from the broad selloff in cryptocurrencies. MicroStrategy, which has previously said it uses bitcoin as a primary reserve asset, last disclosed on Dec. 30 that it […]
The Russian ruble RUBUSD, -0.98% fell Monday to the lowest level since Nov. 2020 on concerns the country will invade Ukraine and trigger U.S. sanctions. One ruble fetched as low as 0.012774 dollars, down from $0.012888. Source: Marketwatch
U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 206 billion cubic feet for the week ended Jan. 14. That compared with the average decline of 193 billion cubic feet forecast by analysts polled by S&P Global Platts, which pegged the five-year average supply fall for the period at 167 billion […]
President Joe Biden on Thursday made an effort to walk back a much-criticized comment that he made the prior day about Russian President Vladimir Putin potentially launching a “minor incursion” targeting Ukraine. “If any assembled Russian units move across the Ukrainian border, that is an invasion,” Biden said Thursday ahead of a meeting on infrastructure. […]
The U.S. is averaging more than 2,000 COVID-19 deaths a day, according to a New York Times tracker, as the highly contagious omicron variant keeps cases and hospitalizations close to record levels. U.S. new cases are averaging 735,652 a day, up 21% from two weeks ago, although cases appear to be peaking in northeastern states […]
Shares of Netflix Inc. NFLX, -21.79% plummeted 19.6% in premarket trading Friday, as the streaming-video service’s disappointing outlook overnight prompted a number of Wall Street analysts to cut their ratings, but at least one analyst said the selloff appears “overcooked.” Benchmark’s Matthew Harrigan, who’s been bearish on Netflix for at least the past two years, […]
Schlumberger Ltd. shares SLB, -1.86% rose 1.4% premarket Friday, after the energy giant beat estimates for the fourth quarter and said it expects demand-led capital spending in the sector to create a multiyear growth cycle. The Houston, Tx.-based company posted net income of $601 million, or 42 cents a share, for the quarter, up from […]
Tempur Sealy International Inc. TPX, -1.73% said Friday that it is launching Sealy Naturals, an eco-friendly line of mattresses. Coming in the summer, the Naturals line is made from responsibly-sourced materials including wool, hemp, organic cotton and natural latex. Prices will start at $3,499 for a queen-sized mattress, which will come in firm, soft and […]
The average monthly mortgage payment in the U.S. in December soared 21.6% from a year ago, the biggest increase since real-estate services company Redfin Corp. RDFN, -4.93% has been keeping records, and are expected to keep rising this year, Redfin said Friday. And monthly average rents in December jumped 14.1% to $1,877, also the biggest […]
