Category: Market News
Blackstone Inc. BX, -6.56% shares fell 3.9% in premarket trades on Thursday after the private equity firm said it swung to a second-quarter loss of $29.4 million, or 4 cents a share, from net income of $1.31 billion, or $1.82 a share in the year-ago quarter. Distributable earnings rose to $1.49 a share from 82 […]
Published: July 21, 2022 at 7:28 a.m. ET Shares of Dow Inc. erased earlier gains of as much as 1.9% to fall 1.0% in premarket trading Thursday, even after the chemicals and specialty materials company reported second-quarter profit and sales that beat expectations, as price increases helped offset COVID-related lockdowns in China, logistics constraints and […]
The administration of President Joe Biden is planning to overhaul the federal health department and create a new independent division to lead the nation’s pandemic response, the Washington Post reported, citing seven people briefed on the plan. The move, which comes amid frustration with the Centers for Disease Control and Prevention, would elevate a 1,000-person […]
Shares of Elevance Health Inc. ELV, -7.62%, previously known as Anthem Inc, tumbled 8.7% in afternoon trading Wednesday, enough to pace the S&P 500’s SPX, +0.59% decliners, as investors jeered the health insurance company’s second-quarter results. The stock was on track to suffer the biggest one-day selloff since March 2020. The company reported earlier second-quarter […]
Stocks finished higher on Wednesday, adding to sharp gains booked a day before, with a corporate earnings from a string of major technology companies in focus. The Dow Jones Industrial Average DJIA, +0.15% added about 51 points, or 0.2%, ending near 31,878. The S&P 500 index SPX, +0.59% rose 0.6%, while the Nasdaq Composite Index […]
Published: July 20, 2022 at 4:29 p.m. ET Shares in Carnival Corp. dropped more than 7% in after-hours trading Wednesday following an announcement that the cruise operator intends to sell at least $1 billion in fresh stock. The company announced that it intends to sell $1 billion in new shares, but underwriter Goldman Sachs [s:gs] […]
Alcoa Corp. AA, +0.36% stock rallied more than 6% in the extended session Wednesday after the aluminum and alumina producer reported second-quarter earnings above Wall Street expectations and said it had a “strong” first half of the year. Alcoa said it earned $549 million, or $2.95 a share, in the quarter, compared with $309 million, […]
The White House on Wednesday said President Joe Biden was referring to treatment for skin cancer he had before taking office, when he told an audience in Massachusetts that he has cancer. In remarks during a climate speech, Biden recounted a childhood experience with oil emissions and said, “that’s why I and so damn many […]
Tesla TSLA, +0.80% disposed of 75% of its bitcoin BTCUSD, +0.09% holdings in the second quarter, as the crypto traded 65% lower from its record high in November. The company sold the coins for $936 million, according to the electric car marker’s earnings report released Wednesday. Tesla said it invested $1.5 billion in bitcoin early […]
Oil futures ended with a loss on Wednesday, pulling back after posting gains in each of the last three trading sessions. The Energy Information Administration on Wednesday reported a 400,000-barrel weekly fall in U.S. crude supplies, even as 5 million barrels of oil supplies were released from the Strategic Petroleum Reserve. Still, with crude oil […]