Category: Stock Market
Beyond Meat Inc. shares BYND, +4.08% slid 10% in premarket trade Friday, after the plant-based food company issued a revenue warning, announced a plan to cut about 200 workers and said it’s cutting other costs as it makes a strategic shift aimed at achieving positive cash flow operations. The company said the job cuts account […]
U.S. stocks ended sharply higher Thursday after investors weighed a hotter-than-anticipated report on inflation that firmed up expectations for another large interest rate hike by the Federal Reserve. The Dow Jones Industrial Average DJIA, +2.83% jumped more than 800 points to close 2.8% higher, while the S&P 500 SPX, +2.60% gained 2.6% and the Nasdaq […]
Shares of Warren Buffett’s Berkshire Hathaway Inc. BRK.B, +4.46% rallied 4.4% to 275.61 on Thursday, putting the conglomerate on pace for its best day in nearly two years. The stock is on track for its largest percentage increase since Nov. 9, 2020, when it rose 6.06%, according to Dow Jones market data. If Thursday’s price […]
Former President Donald Trump was subpoenaed for testimony about the Jan. 6, 2021, attack on the U.S. Capitol by the House committee probing the insurrection, in a unanimous vote on Thursday. The committee held what is likely to be its final public hearing on Thursday. Trump is unlikely to comply, according to a CNN analyst, […]
President Joe Biden on Thursday said in a statement that a new report on the consumer price index “shows some progress in the fight against higher prices, even as we have more work to do.” Biden said Democrats’ big climate, healthcare and tax package is helping to lower costs for Americans, and he criticized Republicans […]
A. O. Smith Corp. AOS, -0.55% shares fell 6.4% in premarket trades on Thursday after the water heater maker lowered its sales and profit targets in the face of softness in North America industry volume. The Milwaukee company now expects adjusted third-quarter profit of 69 cents a share and sales of $874 million. Wall Street […]
Oil futures on Thursday marked their first gain in four sessions, finding support from Energy Information Administration data showing a nearly 5 million barrel weekly decline in distillate supplies, which contributed to concerns about heating-fuel supplies ahead of the winter season. Prices had posted declines for three consecutive sessions amid worries over a potential recession […]
The Dow Jones Industrial Average’s DJIA, +2.75% big rally Thursday is unanimous, as the stocks of all 30 of the blue chip barometer’s components gained ground. The biggest percentage gainers were shares of Walgreens Boots Alliance Inc. WBA, +5.17%, which ran up 5.8% after the drug store and healthcare services company reported better-than-expected earnings, and […]
Gold futures ended Thursday with a modest loss after U.S. data showed a stronger than expected September inflation reading. “Recent gold price movements remain highly correlated to inflation expectations, not current inflation levels,” and Thursday’s consumer price index print increases the odds for continued Federal Reserve tightening, said Tom Hainlin, global investment strategist at U.S. […]
The Energy Information Administration on Thursday reported that U.S. crude inventories rose by 9.9 million barrels for the week ended Oct. 7. On average, analysts forecasted a climb of 2.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The increase came on the heels of a weekly crude stock decline of […]