Category: Market News
Twitter Inc. TWTR, +1.76% and Tesla Inc. TSLA, +5.78% Chief Executive Elon Musk officially have a court date for their merger trial. Chancellor Kathaleen McCormick of the Delaware Chancery Court has set the trial for Oct. 17, according to an order filed late Thursday. The trial is scheduled to run through Oct. 21. McCormick earlier […]
Shares of Bausch Health Companies Inc. BHC, -9.41% dropped 7.8% in morning trading Friday, toward a 27-year low, after the drug and medical device maker confirmed a disappointing court decision regarding its patents protecting Xifaxan for treating irritable bowel syndrome. The stock had plunged 41.2% on Thursday after Bloomberg reported that some of the patents […]
Shares of Amazon.com Inc. AMZN, +10.36% shot up 11.8% in morning trading Friday, in the wake of second-quarter results, to put them on for the best one-month gain in more than 15 years. The stock has run up 28.8% in July, to snap a three-month losing streak in which it tumbled 34.8%, amid growing concerns […]
U.S.-listed shares of Chinese internet stocks including Alibaba Group Holdings Ltd. BABA, -11.12% were sinking Friday to cap off an eventful week that saw Chinese leaders reportedly acknowledge that the country could come up shy of its growth goals. The Wall Street Journal reported Thursday that the Chinese Politburo put out a statement asking stronger […]
U.S. oil futures climbed on Friday, posting a gain for the week on tight supplies, but prices were down for the month as worries about a potential U.S. recession dulled the outlook for energy demand. Still, “with no major signs of fuel demand destruction, oil seems like it will soon find a home above the […]
U.S. stocks finished higher Friday, sweeping to big weekly and monthly gains, with the Nasdaq Composite scoring its best July on record. Stocks continued to rally after the Federal Reserve raised rates another 75 basis points on Wednesday in a bid to tame high inflation. Investors seemed to like what they heard from big-tech earnings […]
Baker Hughes BKR, +2.84% on Friday reported that the number of active U.S. rigs drilling for oil was up by 6 to 605 this week. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by 9 to 767, according to Baker Hughes. Oil prices continued to trade higher. September […]
Gold futures rose Friday to end the week higher, but prices posted a loss for the month. The outlook for gold brightened after the Federal Reserve meeting on Wednesday, when Fed Chairman Jerome Powell “sounded less hawkish than feared,” said Lukman Otunuga, manager, market analysis, at FXTM. “With the dollar initially shaky and the Fed […]
Shares of General Electric Co. GE, +0.46% kept climbing Friday, rising 0.7% in midday trading toward an 11th-straight gain. The stock has run up 20.6% during its win streak, which started after the stock closed at a 20-month low of $61.09 on July 14. Many on Wall Street define a bull market as gain of […]
Shares of Chevron Corp. CVX, +9.26% rallied 3.0% to pace the Dow Jones Industrial Average’s DJIA, +0.42% premarket gainers after blow-out second-quarter earnings, while Apple Inc.’s stock AAPL, +3.58% was second with a 2.7% jump, also after better-than-expected earnings. The implied price gains would had a combined 57 points to the Dow’s price, while Dow […]