Category: Stock Market
Sealed Air Corp. SEE, -0.29% announced Tuesday that it agreed to buy Liquibox, the maker of bag-in-box sustainable fluids and liquids packaging and dispensing products for $1.15 billion. The packaging company said the acquisition is “highly complementary” to its Cryovac Fluids & Liquids business, which is the fastest growing area of Sealed Air. The company […]
Shares of Carvana Co. CVNA, -6.63% were surging more than 9% in premarket trading Tuesday after JPMorgan analyst Rajat Gupta ended his bearish call on the used-car retailer, upgrading the stock to neutral from underweight. Gupta wrote that Carvana was “not out of the woods” but that risks around the name “seem better understood.” He […]
Pfizer Inc.’s PFE, -1.86% stock rose 3.4% before market open on Tuesday, lifted by the pharmaceutical giant’s third-quarter earnings. The company earned $1.51 a share on net income of $8.608 billion, compared with earnings of $1.42 a share and net income of $8.146 billion in the same period last year. On an adjusted basis, Pfizer […]
President Joe Biden called for Congress to look into a windfall tax for oil companies, as he made an effort to address elevated gasoline prices ahead of next week’s midterm elections. “It’s time for these companies to stop war profiteering, meet their responsibilities in this country and give the American people a break and still […]
Stocks ended the final day of the month on a down note Monday, but still saw the Dow Jones Industrial Average log one of its strongest monthly performances of all time and its biggest October gain on record as investors await the outcome of this week’s Federal Reserve meeting for clues to the size of […]
The Dow Jones Industrial Average remained lower in Monday’s last hour of trading, though still on track for its best October ever. Dow industrials DJIA, -0.39% were down by 0.5%, but up 13.9% for the month. Meanwhile, the S&P 500 SPX, -0.75% and Nasdaq Composite COMP, -1.03% were down 0.8% and 1.1%, respectively, as investors […]
Gold futures fell on Monday to tally a third decline in a row, contributing to a loss for the month of October — the precious metal’s seventh consecutive monthly decline. Some investors remain skeptical about the Federal Reserve potentially pivoting to a more dovish stance on Wednesday, said Fawad Razaqzada, market analyst at City Index […]
Xcel Energy Inc. XEL, -0.40% said Monday that it will retire coal operations at its Tolk Generating Station in Texas in 2028, more than four years earlier than expected. The Minneapolis-based electricity generation and transmission company said it expects the retiring of coal at Tolk earlier than planned will save customers in Texas and New […]
Shares of U.S. and Canadian cannabis companies rallied Monday after Senate Majority Leader Chuck Schumer said Congress is “very close” to passing a cannabis banking and expungements measure. At a debate appearance on Sunday, Schumer said he’s made progress with Republican senators about introducing and passing a cannabis bill that would open up banking services […]
keep them on track to be the S&P 500’s SPX, -0.49% best October performer with a month-to-date gain of 50.6%. The rally comes as maker of glucose monitoring systems reported last week third-quarter results that beat expectations and got a boost from the Centers for Medicare and Medicaid Services’ issuing a proposal that would expand […]
