Tag: brokerswatch
U.S. stocks finished higher on Friday, rising for a third straight day while also recording a gain for the week after three weekly losses. The S&P 500 SPX, +1.53% rose 61.18 points, or 1.5%, to 4,067.36, while the Dow Jones Industrial Average climbed 377.19 points, or 1.2%, to 32,151.71. The Nasdaq Composite COMP, +2.11% advanced […]
Oil futures finished higher on Friday, with supply concerns helping prices pare their loss for the week. Still, “lately it has been mostly bad news for oil prices as demand concerns worsened given China’s deteriorating COVID situation, a surprise jump in stockpiles, and on expectations world leaders will continue to exhaust emergency measures to send […]
Gold futures finished higher on Friday, contributing to a modest gain for the week. A pullback in the U.S. dollar helped gold regain lost ground, analysts said, even as Federal Reserve Governor Christopher Waller on Friday said the Fed may have to raise its benchmark interest rate well above 4% if inflation does not moderate […]
Restaurant Brands International Inc.’s QSR, +0.51% Burger King Co. said Friday that it will invest $400 million over the next two years on its “Reclaim the Flame” plan, aimed at accelerating sales growth and improving franchisee profits. The plan includes $150 million in advertising and digital investments $250 million on restaurant technology, kitchen equipment, building […]
Baker Hughes BKR, +5.69% on Friday reported that the number of active U.S. rigs drilling for oil fell by five to 591 this week. That followed a decline of nine oil rigs the week before. The total active U.S. rig count, which includes those drilling for natural gas, declined by one to 759, according to […]
Oil futures rallied on Monday, with U.S. prices up more than 4% to settle at their highest in a month. Prices got a boost given “rising risks of a potential civil war that could put Libyan output at risk and…growing expectations that OPEC+ is positioning themselves to cut production,” said Edward Moya, senior market analyst […]
Gold futures settled slightly lower on Monday, pressured by a rise in U.S. Treasury yields, but with some weakness in the U.S. dollar limiting losses for the precious metal. Monthly U.S. jobs data due at the end of the week may provide clues on gold’s next direction. A lower U.S. August nonfarm payrolls number of […]
The Food and Drug Administration is expected to authorize new COVID-19 booster shots this week that target the latest versions of the omicron variant but will do so without data from a study showing the shots were safe and worked in humans, the Wall Street Journal reported. Clearance of the doses, without data from human […]
Boeing Co. BA, -0.72% announced Monday an order from United Parcel Service Inc. UPS, -0.75% for eight more 767 Freighters. That would bring package delivery giant UPS’s fleet of 767 Freighters to 108. “This repeat order from UPS is a testament to the outstanding cargo capabilities of the 767 Freighter and further demonstrates Boeing’s market […]
Lululemon Athletica Inc. shares LULU, -1.51% fell 1.7% in premarket trade Monday, after Jefferies downgraded the stock to sell and said it expects the yoga gear maker to pull back aggressive long-term guidance in the coming quarters. Analysts led by Randal J. Konik said they expect the company’s second-quarter earnings to be released on Thursday […]