Category: Market News
Blackstone Inc. BX, -1.60% and Starwood Capital Group have agreed to pay $1.5 billion to jointly acquire 111 properties under the WoodSpring Suites brand from Brookfield Asset Management Inc. BAM, -2.70%, The Wall Street Journal reported Friday. The WoodSpring Suites brand, owned by Choice Hotels International Inc., specializes in guests staying weeks or months. The […]
Huntington Bancshares Inc. HBAN, -8.99% shares fell 4.4% in premarket trades on Friday after the bank missed Wall Street’s earnings target. The Columbus, Ohio financial company said it earned $401 million, or 26 cents a share in the fourth quarter, up from $316 million, or 27 cents a share, in the year-ago quarter. Adjusted earnings […]
Coty Inc. COTY, -2.89% stock rose 1.9% in Friday premarket trading after the beauty company was upgraded to buy from neutral at D.A. Davidson. Analysts maintained their $11.50 price target. D.A. Davidson cites market share gains for the CoverGirl cosmetics brand and Sally Hansen nail brand along with steep share declines since a November meeting […]
Shares of Moderna Inc. MRNA, -4.45% slumped 2.3% toward an eight-month low in morning trading Friday, and have tumbled 26.5% amid a six-day losing streak, enough for formerly bearish BofA Securities analyst Geoff Meacham to say investors should stop selling the biotechnology company. Meacham raised his rating to neutral from underperform, and lifted his stock […]
Google, Epic Games agree to trial in early 2023 – MarketWatch Skip to main content Latest Watchlist Markets Investing Personal Finance Economy Retirement How to Invest Video Center Live Events MarketWatch Picks Published: Jan. 21, 2022 at 12:47 p.m. ET Google parent Alphabet Inc. GOOGL, -2.22% GOOG, -2.56% and Epic Games Inc. have agreed to […]
Google parent Alphabet Inc. GOOGL, -2.22% GOOG, -2.56% filed a motion in federal court in New York Friday asking the court to dismiss Texas Attorney General Ken Paxton’s antitrust lawsuit over Google’s ad tech products. “This lawsuit has now been rewritten three times. With each version, AG Paxton follows the same pattern: make inaccurate and […]
Oil prices finished lower on Friday, but scored a fifth consecutive weekly rise. “Crude prices may not have a one-way ticket to $100 oil, but the supply-side fundamentals certainly support that could happen by the summer,” said Edward Moya, senior market analyst at OANDA. “The next few trading sessions could be difficult for energy traders […]
Kraft Heinz Co. said late Friday it has appointed Andre Maciel as its chief financial officer, effective March 2. Maciel will succeed Paulo Basilio, who will step down on March 1, the company said. Basilio will remain with the company as a strategic adviser through August. Shares of Kraft Heinz were off around 0.1% in […]
U.S. stock indexes closed lower Friday, capping another punishing week for growth and technology stocks as investors await a Federal Reserve update next week on how aggressively interest rates may rise and financial conditions tighten to tame inflation. The Nasdaq Composite Index COMP, -2.72% led the three stock benchmarks lower Friday, ending down 2.7%, but […]
Gold futures fell on Friday amid declines in most asset classes, but still tallied a gain for a second straight week after settling Wednesday at their highest in two months. “While the precious metal markets are likely overbought from significant gains earlier this week, and due some corrective action, we blame big picture risk off […]
