Category: Market News
Oil prices finished with a loss on Thursday after the Energy Information Administration reported an unexpected weekly rise in U.S. crude inventories. However, concerns over potential disruptions to global crude supplies, particularly as the market weighs the possibility of a Russian invasion of Ukraine, helped to limit price losses. February West Texas Intermediate crude CLG22, […]
Wells Fargo & Co. WFC, +0.61% on Thursday confirmed that the Office of the Comptroller of the Currency (OCC) terminated a consent order from 2015 stemming from billing and marketing practices on identity and debt cancellation products offered by the bank. “The OCC believes that the safety and soundness of the bank and its compliance […]
The Energy Information Administration reported on Thursday that U.S. crude inventories climbed by 500,000 barrels for the week ended Jan. 14. On average, analysts had forecast a fall of 700,000 barrels, according to a poll conducted by S&P Global Platts. Data were delayed by a day this week because of Monday’s Martin Luther King, Jr., […]
Walgreens Boots Alliance Inc. WBA, +0.02% said Thursday that it plans to launch eight primary care and pharmacy practices with VillageMD in the Tucson area. The first Village Medical at Walgreens in Tucson will open Feb. 8. The Tucson locations will create 250 full-time jobs, including nurses, doctors and medical assistants. Village Medical at Walgreens […]
Casper Sleep Inc. shares CSPR, +10.19% rose 11% in premarket trade Thursday, after the company said shareholders approved its plan to be acquired by certain subsidiaries of Durational Consumer SPV IV, an investment vehicle managed by Durational Capital Management LP. The company said the deal won about 69.5% of the vote at a special meeting […]
President Joe Biden on Wednesday said there will be improvements as the COVID-19 pandemic continues, as he spoke during a news conference at the White House. “Some people may call what’s happening now a new normal. I call it a job not yet finished. It will get better,” Biden told reporters. Source: Marketwatch
President Joe Biden defended his record on his campaign promises Wednesday, despite high inflation and a lack of progress for his Build Back Better plan, as well as other legislative setbacks. “I didn’t overpromise,” Biden said during a press conference that came at the one-year mark of his presidency. “I have probably outperformed what anybody […]
President Joe Biden offered warnings for Russia and its leader, Vladimir Putin, as he spoke during a news conference that came at the one-year mark of his presidency. “It is going to be a disaster for Russia if they further invade Ukraine,” Biden told reporters Wednesday. The American president also said Putin has “never seen […]
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 1.4 million barrels for the week ended Jan. 14, according to sources. The API, which released its data a day later than usual due to Monday’s Martin Luther King, Jr., holiday, also reportedly showed a weekly inventory increase of 3.5 million barrels […]
President Joe Biden on Wednesday said he expects his social-spending and climate package probably will be broken up in order to have parts of it passed by Congress. “I think we can break the package up, get as much as we can now and come back and fight for the rest,” he told reporters during […]
