Category: Market News
U.S. business inventories rose 1.4% in May, the government said Friday. Sales rose 0.7% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, edged up to 1.30 from 1.29 in April and 1.27 a year ago. […]
President Joe Biden said in a statement on Friday that action on climate change and clean energy “remains more urgent than ever,” after key Democratic Sen. Joe Manchin of West Virginia said he opposes including climate or energy provisions in the party’s budget package. “If the Senate will not move to tackle the climate crisis […]
President Joe Biden on Friday said he made his view about the killing of journalist Jamal Khashoggi “crystal clear” to Saudi Crown Prince Mohammed bin Salman. “I was straightforward and direct in discussing it,” Biden told reporters during a visit to Saudi Arabia. “I made my view crystal clear.” Biden has criticized the kingdom for […]
U.S. stocks finished sharply higher on Friday, snapping a five-day losing streak thanks in part to stronger-than-expected retail sales data and a moderation in inflation expectations. But Friday’s rally — which marked the best daily performance in three weeks — still wasn’t enough to overcome earlier losses, leaving stocks with a weekly loss. The Dow […]
President Joe Biden on Friday indicated Saudi Arabia would move to boost oil output after a meeting with top officials from the Kingdom in Jeddah, including Crown Prince Mohammed bin Salman. “We had a good discussion on ensuring global energy security and adequate oil supplies to support global economic growth and that will begin shortly,” […]
Published: July 15, 2022 at 4:24 p.m. ET Apple Inc. on Friday asked a federal court to throw out an injunction that would allow developers to bypass Apple’s App Store payment system and avert commission fees, calling it “legally improper.” In Apple’s final filing in an ongoing lawsuit with Epic Games Inc., Apple lawyers there […]
The J.M. Smucker Co. SJM, -0.75% said late Friday that its board of directors has approved a 3% dividend increase to $1.02, from 99 cents a share, to $1.02 a share. The dividend will be paid Sept. 1 to shareholders of record on Aug. 12. , 2022. The maker of Jif peanut butter and other […]
Updates to correct closing price for August WTI futures. Oil futures ended higher Friday, finding support as news reports said U.S. officials were playing down expectations President Joe Biden’s meetings with top Saudi officials, including Crown Prince Mohammed bin Salman, would see Riyadh move to immediately boost crude output. Biden arrived in Jeddah late Friday. […]
Published: July 15, 2022 at 1:21 p.m. ET The U.S.-listed shares of Bavarian Nordic A/S jumped 2.0% in afternoon trading Friday, after the Denmark-based drug maker said the U.S. government has ordered 2.5 million additional doses of liquid-frozen JYNNEOS, the only monkeypox vaccine approved by the U.S. Food and Drug Administration. The new order comes […]
The newly minted U.S.-listed shares of AMTD Digital Inc. HKD, +96.41% soared out of the gate in volatile trading Friday, after the Hong Kong-based digital platform and controlled subsidiary of AMTD IDEA Group AMTD, +7.27% raised $124.8 million through its initial public offering. The company said Friday that it sold 16.0 million American depositary shares […]