Tag: Marketwatch

Hibbett Inc. shares HIBB, +2.74% slid 4% in premarket trade Friday, after the sporting goods retailer missed profit estimates for its fiscal first quarter amid rising costs. The company posed net income of $39.3 million, or $2.89 a share, for the quarter to April 30, down from $84.8 million, or $5.00 a share, in the […]

Shares of LyondellBasell Industries N.V. LYB, +5.00% rose 1.1% in premarket trading Friday, after the U.K.-based chemical company said it will pay a special dividend of $5.20 a share, after setting new records for cash generation in 2021. With 327.6 million shares outstanding, the special dividend represents a payout of $1.70 billion. The company also […]

Immersion Corp. IMMR, +5.86% said Friday that it has filed a patent-infringment complaint against Facebook-parent Meta Platforms Inc. FB, +1.83% in a Texas court. Immersion stock rose 0.7% in premarket trading, while Meta shares shed 0.8%. Immersion alleges that Meta’s augmented and virtual reality systems, including the Meta Quest 2, infringe on six patents that […]

The PCE inflation index is forecast to rise 0.2% in April in what would be the smallest increase in a year and a half. The core PCE, which strips out food and energy, is also seen rising a smallish 0.3%. Consumer spending is expected to increase 0.7% in April, based on a survey of economists […]

President Joe Biden had planned to announce forgiveness for student loans as soon as this weekend as he gives a speech at the University of Delaware’s commencement, but that timing has changed after Tuesday’s school shooting in Uvalde, Texas, according to a Washington Post report on Friday citing unnamed sources. White House officials currently plan […]

Shares of Lowe’s Companies LOW, +2.10% rose 0.8% in premarket trading Friday, after the home improvement retailer raised its dividend by 31.3%. The new quarterly dividend of $1.05 a share, up from 80 cents, will be payable Aug. 3 to shareholders of record on July 21. Based on Thursday’s stock closing price of $195.53, the […]

Stocks ended sharply higher Friday, cementing a bounce that saw the Dow Jones Industrial Average end a streak of eight straight weekly declines, while the S&P 500 and Nasdaq Composite end a run of seven consecutive weekly declines. The Dow DJIA, +1.76% rose around 576 points Friday, or 1.8%, to close near 33,214, according to […]

U.S. stocks opened higher Friday after data showed the Federal Reserve’s preferred measure of inflation slowed in April. The Dow Jones Industrial Average DJIA, +1.59% was up 50 points, or 0.1%, while the S&P 500 SPX, +2.28% rose 0.8% and the Nasdaq Composite advanced 1.4%. The core personal consumption index showed a year-over-year rise of […]

A House committee has launched an investigation into gun manufacturers in the wake of two deadly shootings in less than two weeks, its chairwoman said Friday. Rep. Carolyn Maloney, the New York Democrat who leads the House Committee on Oversight and Reform, has asked gun makers Bushmaster Firearms Industries, Daniel Defense, Sig Sauer, Smith & […]

Credit Suisse analysts Susan Roth Katzke and Jill Shea on Friday downgraded shares of Citigroup Inc. C, -1.04% to neutral from outperform after the stock has risen 15% from its recent lows and climbed to within 10% of their $58 a share target price. “We realize that the downside to C shares may prove more […]