Category: Market News
Gold futures climbed on Friday to settle at their highest price since July 13. The precious metal also gained for the week, breaking a streak of five consecutive weekly losses, buoyed by a retreat in the U.S. dollar. “Through July, we expect gold to continue to move inversely to the U.S. dollar but would expect […]
Financial markets are increasingly trading on what Deutsche Bank describes as “a ‘peak inflation’ world view” — one that would entail a less aggressive response from the Federal Reserve than previously feared, even though inflation has yet to show signs of demonstratively peaking. The idea being broadly embraced for now is that an impending U.S. […]
Former Donald Trump strategist Steve Bannon was convicted on Friday by a Washington, D.C., jury of contempt of Congress. Bannon was accused of ignoring a subpoena from the House committee investigating the Jan. 6, 2021, attack on the U.S. Capitol by Trump supporters. Bannon on Thursday declined to testify, and his lawyers did not call […]
Oil futures ended lower on Friday, with U.S. prices holding below $100 a barrel and the front-month contract posting a modest rise for the week. “Demand destruction is finally happening,” with Energy Information Administration numbers showing gasoline demand getting softer, said Tariq Zahir, managing member at Tyche Capital Advisors. Still, energy prices will be “extremely […]
T-Mobile US Inc. TMUS, -0.53% reached an agreement to settle a class-action lawsuit regarding a 2021 cyberattack that breached some customer data, the company disclosed in a late-Friday filing. The wireless giant agreed to pay $350 million to handle claims made by class members and cover other related fees. The proposed settlement is still subject […]
Stocks finished lower on Friday, snapping a three-day rally following disappointing economic data and a weak earnings report from Snap Inc. — while reports from tech behemoths including Apple Inc. [a: aapl] and Microsoft Inc. MSFT, -1.69% are expected next week. The S&P 500 SPX, -0.93% fell 37.32 points, or 0.9%, to close at 3,961.63 […]
President Joe Biden has completed his first full day of treatment with antiviral drug Paxlovid and his symptoms due to COVID-19 “have improved,” said his physician, Dr. Kevin C. O’Connor, in a letter released Friday by the White House. Biden’s symptoms remain characterized by a runny nose, fatigue and an occasional “loose” cough, and his […]
Pottery Barn announced the launch of the Accessible Home Collection on Friday, a range of home items designed with the needs of those with disabilities, injuries and older customers in mind. Items for the bathroom, dining room, office and other parts of the house have special features, like multiple reclining positions and easy-to-read remote controls. […]
Stocks opened mostly higher Friday, but saw the Nasdaq Composite dragged down by a plunge for shares of social-media platform Snap Inc. The Dow Jones Industrial Average DJIA, +0.33% rose 124 points, or 0.4%, to 32,160, while the S&P 500 SPX, +0.09% traded near unchanged after opening with a small gain. The Nasdaq Composite COMP, […]
Conagra Brands Inc. CAG, +0.15% announced a 5.6% dividend hike on Friday. A quarterly dividend of 33 cents per share will be paid on September 1, 2022 to shareholders of record as of the close of business on August 3, 2022. Conagra stock is down 2.8% for the year to date while the S&P 500 […]