Category: Market News
The Organization for Economic Cooperation and Development cut its global growth forecast to 3% in 2022, from 4.5% previously, as it forecast 2023 growth to slow further to 2.8%. The OECD’s revised projection is a touch ahead of the World Bank’s 2.9% growth estimate that was released Tuesday. “The invasion of Ukraine, along with shutdowns […]
Shares of Goodyear Tire & Rubber Co. GT, -0.37% took a 1.7% hit in morning trading Tuesday, after the tire maker issued a safety recall of more than 173,000 tires due to a defect that has led to crashes that resulted in deaths and injuries, after initially declining a request for a recall. The U.S. […]
Gold prices pushed higher on Tuesday to end with a gain as the surging dollar hit pause and investors awaited Friday’s inflation reading for May. Gold for August delivery GCQ22, -0.11% GC00, -0.11% advanced 0.5%, adding about $8.70, to settle at $1,852.10 an ounce on Comex, after ending lower for two straight sessions. The upswing […]
Major U.S. stock indexes booked back-to-back gains on Tuesday, erasing earlier weakness after big-box retailer Target Corp. lowered its operating-margin guidance. The Dow Jones Industrial Average DJIA, +0.80% rose about 264 points, or 0.8%, ending near 33,179. The S&P 500 SPX, +0.95% closed up 1%, while the Nasdaq Composite Index COMP, +0.94% rose 0.9%, adding […]
Limoneira Co. LMNR, +4.79% shares rose nearly 6% in the extended session Tuesday after the citrus and avocado producer reported second-quarter profit above Wall Street expectations and said it is exploring selling some of its assets amid price increases for its avocados. Limoneira said it earned $1.4 million, or 8 cents a share, in the […]
Convenience-store chain Casey’s General Stores Inc. CASY, -0.52% late Tuesday reported fiscal fourth-quarter earnings in line with Wall Street expectations and increased its dividend by 9% to 38 cents a share. Casey’s said it earned $59.8 million, or $1.60 a share, in the quarter, compared with $41.7 million, or $1.12 a share, in the year-ago […]
The American Petroleum Institute on Tuesday reported that U.S. crude-oil inventories rose 1.85 million barrels last week, according to a source citing the data. Gasoline inventories were up 1.82 million barrels, while distillate stocks rose 3.38 million barrels. The Energy Information Administration will release official inventory figures on Wednesday morning. Analysts surveyed by S&P Global […]
Stocks Trade Modestly Higher U.S. stock indexes edged up in afternoon trading, even after a profit warning from Target cast a pall over the retail sector. Jun. 7, 2022 at 3:47 p.m. ET by Anna Hirtenstein Novavax’s Covid-19 Vaccine Backed by FDA Advisers Experts advising the FDA endorsed Novavax’s Covid-19 vaccine, voting overwhelmingly that the […]
Georgia Puts Trump to the Test Can he put his disagreements with Gov. Kemp behind him for the good of the state and country? Jun. 7, 2022 at 1:11 p.m. ET Novavax Covid-19 Vaccine Faces FDA Advisers The outside panel of experts will vote on whether the shot should be authorized, after the agency found […]
Netflix, BlackRock CEOs Among Those Newly Sanctioned by Russia A handful of prominent American CEOs, including BlackRock’s Larry Fink and the bosses at Delta Air Lines, Netflix and Universal Pictures, have landed on a fresh list of sanctions Russia has imposed in retaliation for econo… Jun. 7, 2022 at 11:52 a.m. ET by Ann M. […]