Category: Market News
Horace Mann Educators Corp. HMN, -0.11% shares dropped Wednesday after the insurer lowered its forecast because of catastrophe losses that were above its 10-year average. Horace Mann shares fell 6% after hours, following a 0.1% decline to close the regular session at $37.52. The company forecast earnings of $2.10 to $2.30 a share for the […]
Walgreens Boots Alliance Inc. WBA, -1.92% said late Wednesday its board has declared a quarterly dividend of 48 cents a share, an increase of 0.5%. The dividend is payable on Sept. 9 to stockholders of record as of Aug. 19, the company said, and it raises the annual rate from $1.91 a share to $1.92 […]
Natural-gas futures climbed by more than 8% on Wednesday, supported by a forecast for warmer weather, which is expected to boost demand for the commodity, while oil posted a modest gain in the wake of a steep drop that pulled prices below $100 a barrel. The National Oceanic and Atmospheric Administration’s updated six to 14-day […]
“Staggering.” “Ugly.” “Brutal.” And …. “out-of-date.” Those are some of the words that investors, analysts — and even President Joe Biden — used to sum up the June consumer price index report released on Wednesday. The report produced a 9.1% annual headline rate, an almost 41-year high, that surprised financial markets by coming in even […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 3.3 million barrels for the week ended July 8. On average, analysts expected an increase of 1.4 million barrels, according to a poll conducted by S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported a 4.8 million-barrel increase, according to […]
Insurance broker Marsh McLennan said Wednesday its board has approved a 10.3% hike in its quarterly cash dividend to 59 cents a share from 53.50. The new dividend is payable Aug. 15 to shareholders of record as of July 28. Shares were slightly lower premarket and are down 12% in the year to date, while […]
Shares of Delta Air Lines Inc. DAL, +6.15% dropped 1.2% in premarket trading Wednesday, after the air carrier reported second-quarter profit that fell well short of expectations but revenue that rose above pre-pandemic levels to beat forecasts. Net income of $735 million, or $1.15 a share, was down from $1.44 billion, or $2.21 a share, […]
Gold futures posted a loss for a second straight session on Tuesday, holding ground at their lowest finish since late September of last year. “The precious metal has been smothered by an appreciating dollar and expectations over the [Federal Reserve] maintaining an aggressive stance towards higher interest rates,” said Lukman Otunuga, manager, market analysis at […]
Oil futures fell sharply on Tuesday, with U.S. benchmark crude prices back below $100 a barrel and settling at their lowest since April. “Barring a major supply disruption, oil looks like it is going to trade sub-$100 for a while until the crude demand outlook improves,” said Edward Moya, senior market analyst at OANDA. West […]
Alphabet Inc.’s Google GOOGL, -1.43% GOOG, -1.44% has countersued Match Group Inc. MTCH, -1.44% for breach of contract, and wants the dating-app company banned from its Google Play app store. The suit, filed Monday in U.S. District Court for the Northern District of California, alleges Match intentionally breached the developer-distribution agreement it signed by using […]