Tag: brokerswatch
Xenia Hotels & Resorts Inc. XHR, -2.41% said Friday that it has reinstated its quarterly dividend, after stopping payment around the start of the COVID-19 pandemic. The upscale hotel real estate investment trust said it will pay a quarterly dividend of 10 cents a share on Oct. 14 to shareholders of record on Sept. 30. […]
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.
U.S. stocks closed lower Thursday as investors weighed economic data on retail sales, unemployment claims and manufacturing amid worries that the Federal Reserve risks triggering a recession by continuing its aggressive pace of rate hikes. The Dow Jones Industrial Average DJIA, -0.56% fell 0.6%, while the S&P 500 SPX, -1.13% fell 1.1% and the Nasdaq […]
Shares of UnitedHealth Group Inc. UNH, +2.58% surged 2.9% in afternoon trading Thursday, enough to pace the Dow Jones Industrial Average’s DJIA, -0.56% gainers, as a raised profit outlook by fellow health care services company Humana Inc. HUM, +8.37% provided a boost. UnitedHealth’s stock’s $15.01 price gain was adding about 99 points to the Dow’s […]
Wedbush analysts added Deckers Outdoor Corp. DECK, +1.48% to their Best Ideas List Thursday, writing that the owner of UGG was a rare earnings success story in an “extremely challenging retail environment” last quarter, as the company was among the few in the sector to increase its outlook. “The rapidly-growing Hoka brand remains one of […]
Shares of Humana Inc. HUM, +8.37% bounced 2.0% in premarket trading Thursday, after closing at a three-month low in the previous session, as the health care services company raised its full-year profit outlook. The company now expects net earnings per share of “approximately $23.08,” up from a previous estimate of “approximately $20.30.” Excluding nonrecurring items, […]
Railroad operator CSX Corp. CSX, -3.39% said Thursday it has named former Ford Motor Co. F, +1.57% executive Joseph R. Hinrichs as chief executive and president effective Sept. 26. Hinrichs will replace James M. Foote, who is retiring and will also step down from the board. The executive was most recently president of Ford’s automotive […]
Oil futures declined on Thursday, with U.S. prices settling at their lowest in a week. “Oil fundamentals are still mostly bearish as China’s demand outlook remains a big question mark and as the inflation fighting [Federal Reserve] seems poised to weaken the U.S. economy,” said Edward Moya, senior market analyst at OANDA. October WTI crude […]
Corebridge Financial Inc. CRBG, -1.26%, the life insurance unit of American International Group Inc. AIG, +0.27%, received a lackluster reception in its public debut, as the stock opened 2.4% the initial public offering price. The company said overnight that it’s IPO priced at $21 a share, at the low end of the expected range, as […]
Shares of Adobe Inc. ADBE, -16.98% sank 3.8% in premarket trading Thursday, after The Wall Street Journal reported that the digital media and publishing company was in advanced talks to buy Figma Inc. in a cash and stock deal valued at $20 billion. Figma is a San Francisco-based design software company founded in 2012. Citing […]