Category: Market News
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
U.K. Boris Johnson on Thursday said he would step down in a defiant address in which he talked of his administration’s achievements and noted his standings in the polls despite a difficult economic backdrop. “When the herd moves, it moves,” said Johnson of his fellow Conservative parliamentary members. He thanked voters for an “incredible mandate” […]
The British pound rose early Thursday as the BBC and other U.K. media reported that Prime Minister Boris Johnson is expected to resign imminently. The pound GBPUSD, +0.56% rose 0.4% to $1.1978, in a week that has thus far seen dozens of Conservative cabinet members resign in protest over Johnson’s flip-flopping around a sexual harrassment […]
Shares of CleanSpark Inc. CLSK, -6.25% dropped 5.7% in afternoon trading Wednesday, after the company said it sold more than 300 bitcoin BTCUSD, +0.16% during June at an average price that was 21.4% below sales made the month before. The bitcoin mining company said it fully funded its growth and operations through the sale 328 […]
U.S. stocks closed higher on Wednesday, with the S&P 500 and Nasdaq Composite clinching a third day of gains, after minutes from the Federal Reserve’s latest meeting hinted at another aggressive rate hike from the central bank later this month. The Dow Jones Industrial Average closed 69.40 points, or 0.2%, higher at 31,037.22. The S&P […]
Shares of GameStop Corp. GME, -2.33% rallied more than 9% in the extended session Wednesday after the gaming retailer said its board of directors approved a 4-for-1 stock split as a stock dividend. Shareholders of record on July 18 will receive a dividend of three additional shares for each their shares held, GameStop said. The […]
Published: July 6, 2022 at 4:28 p.m. ET Virgin Galactic Holdings Inc. said late Wednesday it contracted Boeing Co.’s Aurora Flight Sciences to design and make the space-tourism company’s next-generation motherships. Terms of the deal were not disclosed. The motherships are the aircraft in Virgin Galactic’s space-flight system that carries spaceships to their release altitude […]
The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 3.8 million barrels for the week ended July 1, according to sources. The API data, which came a day later than usual due to Monday’s Independence Day holiday, also reportedly showed weekly inventory declines of 1.8 million barrels for gasoline and 635,000 […]
Reading between the lines of the Federal Reserve’s June 14-15 meeting minutes, at least one thing becomes clear: Policy makers were officially “spooked” by May’s CPI print of 8.6%, according to inflation analyst Omair Sharif. The minutes, released on Wednesday, revealed that officials now see a significant risk that elevated inflation could become “entrenched,” and […]
Oil futures declined for a second session on Wednesday, with U.S. prices settling in a bear market – defined by a 20% or more decline from a recent high. Ongoing worries over a recession that could lead to a slowdown in energy demand have pressured prices for oil. West Texas Intermediate crude for August delivery […]