Category: Stock Market
No decisions have been made yet on a dollar level for a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen told reporters on Friday. Speaking at a news conference as part of this year’s meetings of the IMF and the World Bank, Yellen said a price cap “will help stabilize global energy prices,” […]
Shares of Amazon.com Inc. AMZN, -4.60% slumped 3.8% toward a 3 1/2-month low in afternoon trading Friday, after BofA Securities analyst Justin Post said he believes sales from the ecommerce giant’s recent Prime Early Access event were less than the Prime Day event in July. The stock extended the 0.3% decline on Thursday, which came […]
Gold futures declined on Friday, settling 3.5% lower for the week and at their lowest price month to date. “Wall Street is nowhere near feeling confident they have a handle on how high the [Federal Reserve] will take rates and that is bad news for bullion,” said Edward Moya, senior market analyst at OANDA. “Gold’s […]
Treasury Secretary Janet Yellen on Friday said lowering inflation is President Joe Biden’s “top economic priority,” but pointed to more effort ahead to wrestle price increases down. After referencing September inflation figures, Yellen said the Biden administration is “continuing to take a broad range of actions to boost energy supply, address housing constraints, and provide […]
Gilt yields have climbed on Friday, as the Bank of England winds down its temporary bond purchase program, and U.K. Prime Minister Liz Truss only reversed corporate tax cuts. “The vast swings in markets following the announcement suggests that the retracement of £18bn from the unfunded tax burden through reinstating the rise in corporation tax […]
U.S. stocks opened higher Friday, as investors weighed data from the U.S. Census Bureau showing retail sales were flat last month as well as third-quarter earnings reports from Wall Street banks. The Dow Jones Industrial Average DJIA, -0.86% was up 0.5% soon after the opening bell, while the S&P 500 SPX, -1.67% gained 0.6% and […]
Morgan Stanley MS, -4.48% fell 2.6% in premarket trades Friday after the investment bank missed Wall Street’s targets for earnings and revenue amid a drop in deal activity. Morgan Stanley said its third-quarter net income fell to $2.49 billion, or $1.47 per share, from net income of $3.7 billion, or $1.98 per share in the […]
Kroger Co. KR, -5.69% has announced a $24.6 billion deal to buy Albertsons Cos. Inc. ACI, -7.72%. Under the terms of the merger agreement, Kroger will acquire all of the outstanding shares of Albertsons’ common and preferred stock for an estimated $34.10 per share. Bloomberg News reported, earlier this week that Kroger was in merger […]
Shares of Howard Hughes Corp. HHC, +4.01% jumped 2.8% in premarket trading Friday, after investor Pershing Square Capital Management said it has launched a cash tender offer to buy up to 6.34 million of the real estate development and management company’s stock. That represents up to 12.7% of the shares outstanding as of July 28. […]
First Republic Bank FRC, -14.21% stock fell 10% Friday in the weakest share price reaction among four regional banks that reported earnings. While First Republic’s third-quarter earnings of $2.21 beat the target of $2.18 a share, its net interest income looking ahead is running about 4 basis points behind the forecast for growth of 2.75%, […]