Category: Stock Market
Air Products & Chemicals Inc. APD, -1.70% said Thursday it plans to invest about $500 million to build and operate a green hydrogen production facility in Massena, New York, as well as liquid hydrogen distribution operations. The industrial gases company expects the investment to create 90 jobs. The company expects commercial operation of the facility […]
Traders of derivatives-like instruments known as fixings nudged up their expectations for the next few U.S. consumer-price index reports after the Organization of the Petroleum Exporting Countries and its allies agreed to cut oil production by 2 million barrels a day, starting in November. Fixing traders now expect the annual headline CPI rate for October […]
President Joe Biden’s July trip to Saudi Arabia was “absolutely not” a waste of time, a White House spokesman said Wednesday in response to a question on that issue following news that a key panel has recommended the Organization of the Petroleum Exporting Countries and its allies cut oil CL00, +1.68% production by 2 million […]
Tyson Foods Inc. TSN, -1.60% said Wednesday that it will relocate all employees at its corporate offices in downtown Chicago and suburban Downers Grove, Ill., and Dakota Dunes, S.D., to its world headquarters in Springdale, Ark. The meat and processed-foods company said the first phase of the relocation will start in early 2023. “Bringing our […]
The Organization of the Petroleum Exporting Countries and its Russian-led allies agreed Wednesday to cut crude production by 2 million barrels a day, news reports said. Speculation of a cut of up to 2 million barrels a day had built ahead of the meeting, helping to lift crude futures sharply on Monday and Tuesday. Futures […]
U.S. stocks opened lower Wednesday, giving back some of this week’s sharp gains as Treasury yields rise and investors assess data showing job growth in September. The Dow Jones Industrial Average DJIA, -0.88% fell 1% soon after the bell, while the S&P 500 SPX, -1.18% dropped 1.1% and the Nasdaq Composite COMP, -1.69% slid 1.4%, […]
A key panel on Wednesday recommended that the Organization of the Petroleum Exporting Countries and its allies cut oil production by 2 million barrels a day, according to news reports. The recommendation by the Joint Ministerial Monitoring Committee comes ahead of a meeting of OPEC+ delegates in Vienna that’s slated to begin shortly. Expectations for […]
Shares of Lamb Weston Holdings Inc. LW, +4.79% jumped 2.0% in premarket trading Wednesday, after the potato supplier reported fiscal first-quarter profit that beat expectations, higher prices helped offset a volume decline. Net income for the quarter to Aug. 28 jumped to $231.9 million, or $1.60 a share, from $29.8 million, or 20 cents a […]
Shares of Eiger BioPharmaceuticals Inc. EIGR, -7.37% tumbled 20.4% in premarket trading on Wednesday after the company said it will not pursue emergency authorization of its experimental treatment for mild and moderate COVID-19 infections. It had asked the Food and Drug Administration to consider an EUA application based on data from the Together trial, a […]
Verizon Communications Inc. VZ, -1.38% said Wednesday it has won a contract worth up to $1.58 billion from the Department of State to modernize U.S. embassies. The 10-year contract includes implementing and managing the network for the department’s non-domestic footprint and includes embassies in Asia, Africa, the Middle East and South America. Verizon shares were […]