Tag: Marketwatch

Stocks Drop After Jobs Report Markets have experienced heightened volatility in recent months as investors have tried to assess a mix of variables that has clouded their outlook. Jun. 3, 2022 at 3:32 p.m. ET by Caitlin Ostroff The Joy of Ornament A new exhibition shows how culture and economics work together to spread delightful […]

The 11-Minute Harvard Speech That Rebuilt Postwar Europe It’s been 75 years since George Marshall outlined a bold plan to counter Soviet influence by revitalizing a foreign foe Jun. 3, 2022 at 1:50 p.m. ET by David L. Roll Bristol-Myers to Buy Turning Point Therapeutics for $4.1 Billion The deal would deepen the biopharmaceutical company’s position […]

Shares of Caterpillar Inc. CAT, +0.84% rallied 1.1% in morning trading Friday to buck the selloff in the broader stock market, and enough to pace the Dow Jones Industrial Average’s DJIA, -1.13% gainers. Analyst Michael Feniger at BofA Securities reiterated the neutral rating on the construction and mining equipment company (CAT) but raised the stock […]

U.S. stocks fell at the opening bell Friday, with tech stocks leading the way lower after a stronger-than-expected May jobs report underlined expectations the Federal Reserve will continue to press ahead with aggressive rate increases as it attempt to rein in inflation. The Dow Jones Industrial Average dropped 205 points, or 0.6%, while the S&P […]

Aurora Cannabis Inc. ACB, +0.64% ACB, -1.01% said Friday it has repurchased $20 million of convertible bonds in a move aimed at reducing its annual interest costs. The Edmonton, Alberta-based cannabis company said it paid $19.2 millin in cash for the notes, equal to a 5.25% discount to par value. The company expects its annual […]

Tiger Global Management, a hedge fund run by Chase Coleman, has lost more than 50% of its value in 2022 including a 14.3% drop in May, according a report by CNBC. The losses came after Tiger Global bet on tech stocks in the first quarter including Snowflake Inc. SNOW, +9.58%, Sea Ltd. SE, +4.13% and […]

History can be a powerful tool, particularly in a high-inflation environment like this one in which no suitable economic model seems to apply. Inflation — running at 8.3% as of April, near a four-decade high — has stayed stubbornly persistent for a full year to the surprise of virtually everyone who tracks it. Now there’s […]

Stocks rallied into the closing bell Thursday, shaking off early weakness tied to Microsoft Corp.’s MSFT, +0.79% lowered guidance and worries about the pace of Federal Reserve rate increases. The Dow Jones Industrial Average DJIA, +1.33% ended with a gain of around 435 points, or 1.3%, to end near 33,248, according to preliminary figures, while […]

Alaska Air Group Inc. ALK, +1.76% late Thursday tweaked the lower end of its capacity guidance for full-year 2022, but said its performance has improved and “stronger” revenue is offsetting fuel price increases. Alaska said it expects capacity to be 7% to 9% below 2019 capacity, compared with a previous expectation of 6% to 9% […]

Costco Wholesale Corp. COST, +6.70% said late Thursday its May sales rose 16.9% to $18.23 billion. Same-store sales rose 15.5%, the company said, with online sales up 6.3%. Costco stock rose 0.3% in the extended session Thursday, after ending the regular trading day up 6.7%. Source: Marketwatch