Tag: brokerswatch

Oil futures rallied on Wednesday, with U.S. prices settling above $80 a barrel for the first time in nearly a week as Hurricane Ian led to a slowdown in production in the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement reported Wednesday that in response to the storm, 9.12% of oil production and […]

President Joe Biden had a recently deceased congresswoman at “top of mind” when he called out for her at an event on Wednesday, White House spokeswoman Karine Jean-Pierre said. While giving opening remarks at a conference on hunger and nutrition, Biden asked, “Jackie, are you here? Where’s Jackie,” referring to the late Rep. Jackie Walorski, […]

Lions Gate Entertainment Corp. LGF.B, -1.61% said Wednesday it’s now focusing on spinning off its studio business, instead of its Starz cable channel. In a regulatory filing, the company said it remains on a path to separating the two. “As negotiations progress, we have increased our focus on the possibility of spinning our studio business, […]

Updates to correct direction of change in weekly crude supplies. The Energy Information Administration on Wednesday reported that U.S. crude inventories edged down by 200,000 barrels for the week ended Sept. 23. On average, analysts forecasted a climb of 400,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported […]

President Joe Biden on Wednesday said oil companies should not use Hurricane Ian as “an excuse to raise gasoline RB00, +2.26% prices,” as the storm was expected to make landfall north of Fort Myers, Fla., on Wednesday morning or early afternoon. “Do not — let me repeat, do not — do not use this an […]

The Energy Information Administration on Wednesday reported that U.S. crude inventories edged up by 200,000 barrels for the week ended Sept. 23. That was less than the average forecasted climb of 400,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported weekly inventory declines of 2.4 million barrels for […]

Top White House economic adviser Brian Deese said Tuesday night that he doesn’t expect a deal like the Plaza Accord, which was a 1985 agreement among finance ministers to jointly guide the dollar DXY, -0.36% lower. “I don’t anticipate that that’s where we’re headed,” Deese said at an Economic Club of Washington, D.C., event, according […]

U.S stocks opened mixed Wednesday, as Treasury yields fell and investors weighed the Bank of England’s surprise announcement that it’s buying bonds to help restore orderly market conditions. The Dow Jones Industrial Average DJIA, +0.84% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.92% gained 0.1% and the Nasdaq Composite […]

Shares of VFC Corp. VFC, -1.87% fell 0.3% toward a nine-year low in premarket trading Wednesday, after the parent of Vans and The North Face apparel brands cut its full-year profit and sales outlook due to lower-than-expected fiscal second-quarter results. The company expects adjusted earnings per share for the quarter that ends September of 70 […]

Shares of Paychex Inc. PAYX, +4.27% jumped 3.2% in premarket trading Wednesday, to bounce off the previous session’s 2 1/2-month closing low, after the human resources outsourcing services company reported fiscal first-quarter profit that beat expectations and raised the full-year outlook, citing “notable strength” in mid-market, retirement and HR solutions businesses. Net income for the […]