Category: Stock Market

The Dow Jones Industrial Average’s DJIA, -0.50% top-two gaining stocks Friday are those of the companies that reported third-quarter earnings, with the gains enough to keep the blue chip barometer positive despite weakness in the broader stock market. UnitedHealth Group Inc.’s stock UNH, +1.79% ran up $15.31, or 3.0%, in morning trading and JPMorgan Chase […]

Businesses increased inventories, or products waiting to be sold, by 0.8% in August. Economists polled by The Wall Street Journal had forecast a 0.9% increase. Rising inventories add to gross domestic product and usually reflect an expanding economy. The government said sales rose a smaller 0.3% in the month, however. As a result, the ratio of inventories […]

U.K. Prime Minister Liz Truss reversed the mini budget plan on corporate taxes in a decision she framed as one that will promote economic stability. Truss said that will raise £18 billion each year and act as a down payment on its fiscal plan, and said that spending will grow less rapidly than previously planned. […]

Shares of Biomerica Inc. BMRA, -5.05% shot up 13.1% toward a 6-month high in active morning trading Friday, after the medical diagnostic products company said Walmart Inc. WMT, -0.82% will start selling its Aware Breast Self Exam device in about half its stores. Trading volume ballooned to 1.8 million shares, compared with the full-day average […]

Bitcoin trading and banking company New York Digital Investment Group LLC (Nydig) has reduced its work force by about 110 people or a third of its work force, The Wall Street Journal reported Friday. The move comes after the company on Oct. 3 named Tejas Shah as its new CEO. In December, Nydig raised $1 […]

Beyond Meat Inc. BYND, +0.54% said Friday Chief Operating Officer Douglas W. Ramsey is leaving the company with immediate effect. The company made the announcement in a regulatory filing, that noted Ramsey had been suspended in September. The suspension came after Ramsey allegedly bit a man’s nose during an altercation in Arkansas, as MarketWatch previously […]

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

In a statement, the now-former Chancellor of the Exchequer Kwasi Kwarteng says he has accepted the decision by U.K. Prime Minister Liz Truss to leave. Kwarteng says Truss’s vision of optimism, growth and change was right, but the “economic environment has changed rapidly” after the presentation of the mini budget. He said it was an […]

Citigroup Inc. C, +1.49% shares dropped 1.3% in premarket trades Friday after the bank posted stronger-than-expected profit, but revenue fell 1% after breaking out divestiture-related impacts, as growth in net interest income was more than offset by lower non-interest revenue. Citi said its third-quarter net income dropped to $3.5 billion, or $1.63 per share, from […]

The head of the World Health Organization urged countries to continue to surveil, monitor and track COVID and to ensure poorer countries get access to vaccines, diagnostics and treatments, reiterating that the pandemic is not yet over. Tedros Adhanom Ghebreyesus said most countries no longer have measures in place to limit the spread of the […]