Tag: Marketwatch
Shares of Nike Inc. NKE, -6.62% dove 6.4% in morning trading, enough to pace the Dow Jones Industrial Average’s DJIA, -1.53% decliners, in the wake a disappointing earnings report from Germany-based athletic apparel and gear rival adidas AG ADDYY, -5.37% ADS, -5.49%. Nike’s stock was trading at the lowest price seen during regular-session hours since […]
Hovde Group analyst Bryce Rowe on Friday upgraded shares of Owl Rock Capital Corp. orcc to outperform from market perform and maintained his target price of $15 a share for the New York-based business development company. While he cut his second-quarter net interest income view by 3 cents a share to $1.32 a share, Rowe […]
The Democratic-led Senate will next week take a vote to codify Roe v. Wade, Majority Leader Chuck Schumer, a New York Democrat, said Thursday. Schumer announced a planned Wednesday vote in a tweet, following news that the Supreme Court looks poised to overturn the landmark Roe v. Wade abortion-rights decision. The measure appears poised to […]
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
Boeing Co. BA, -4.14% is moving its global headquarters to Arlington, Va., the aerospace and defense company said Thursday. The Wall Street Journal broke the news about the imminent move earlier Thursday. Boeing vowed to keep a “significant presence” in Chicago, where it moved in 2001. The Northern Virginia campus will “support various corporate functions […]
Karine Jean-Pierre has been promoted to White House press secretary, President Joe Biden announced Thursday in a news release. Jean-Pierre, who has been the White House’s principal deputy press secretary, is taking over from Jen Psaki, who will depart from the White House on May 13, the release said. Reports a month ago said Psaki […]
Stocks ended sharply lower Thursday, with the Nasdaq Composite COMP, -4.99% dropping 5% as major indexes more than wiped out gains seen the previous session in a relief rally that followed a widely anticipated Federal Reserve rate hike. Tech and other growth stocks were hardest hit as Treasury yields jumped, with the 10-year rate at […]
Bloom Energy Corp. BE, -6.55% stock dropped more than 8% in the extended session Thursday after the clean-energy company reported a wider-than-expected first-quarter loss and revenue was below estimates. Bloom said it lost $78 million, or 44 cents a share, in the quarter, compared with $25 million, or 15 cents a share, in the year-ago […]
Dropbox Inc.’s. stock DBX, -4.91% rose 3% in extended trading Thursday after the software company reported fiscal first-quarter revenue that exceeded Wall Street analysts’ forecasts. Dropbox reported net income of $79.7 million, or 21 cents a share, compared with net income of $47.6 million, or 12 cents a share, in the year-ago quarter. Adjusted earnings […]
A whopping 96% of the S&P 500’s SPX, -3.81% components are losing ground amid Thursday’s stock market carnage. Of the 18 stocks seeing gains, only three have a market capitalization above the average of $77.1 billion. Meanwhile, the S&P 500 tumbled 3.9%, on track for the biggest selloff since it plummeted 5.9% on June 11, […]