Tag: Marketwatch

Tesla CEO TSLA, -0.45% Elon Musk reportedly discussed job cuts and ways of monetizing Twitter TWTR, +0.97% with bankers during negotiations for his $44 billion takeover of the online news and social networking site. Without offering specifics, Musk said cutting costs and jobs would help generate returns for Twitter, according to a Thursday report on […]

Shares of Western Union Co. WU, +3.06% fell more than 4% in the extended session Thursday after the financial services company reported quarterly results within expectations but tweaked its 2022 outlook lower, saying it was impacted by halting its business in Russia and Belarus due to the war in Ukraine. Western Union said it earned […]

Shares of Mohawk Industries Inc. MHK, +3.84% rallied more than 14% in the extended session Thursday after the flooring products maker reported earnings and sales above Wall Street expectations, thanks to higher prices and unabated demand. Mohawk said it earned $245 million, or $3.78 a share, in the quarter, compared with $237 million, or $3.36 […]

Shares of U.S. Steel Corp. X, +1.29% rose nearly 3% in the extended session Thursday after the steel maker reported adjusted earnings above expectations and revenue that met estimates, saying that customers are noticing the importance of having a domestic steel source. U.S. Steel said it earned $882 million, or $3.02 a share, in the […]

Stocks jumped Thursday, with tech stocks leading the way as investors cheered user growth at Facebook parent Meta Platforms Inc. The Dow Jones Industrial Average DJIA, +1.85% rose around 614 points, or 1.8%, to close near 33,916, according to preliminary figures. The S&P 500 SPX, +2.47% advanced around 104 points, or 2.5%, to finish near […]

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

President Joe Biden on Thursday offered additional information on his administration’s next steps with student loans, after Senate Majority Leader Chuck Schumer, the New York Democrat, suggested the president was getting closer to cancelling up to $50,000 in student debt per borrower. “I am not considering $50,000 debt reduction, but I’m in the process of […]

American Express Co. AXP, +0.34% announced Thursday that it would work with Billtrust BTRS, +2.42% on automation related to business-to-business (B2B) payments. Through the collaboration, suppliers will be able to automate virtual card payments from their customers and obtain a “real-time view of their outstanding invoices and current cash flow,” Amex said in a release. […]

Shares of T Stamp Inc. IDAI, +8.25% blasted 171.9% higher on very heavy volume in premarket trading Thursday, enough to make the stock the biggest gainer on major U.S. exchanges, after the identity services company announced the launch of its Biometric Multi-Factor Authentication (MFA) product that provides identity assurance with a selfie. Trading volume ballooned […]

Shares of Eli Lilly & Co. LLY, +0.80% rallied 1.8% in premarket trading Thursday after the drug maker reported first-quarter profit and revenue that beat expectations, as better-than-forecast COVID-19 antibodies results offset a Trulicity miss. Net income rose to $1.90 billion, or $2.10 a share, from $1.36 billion, or $1.49 a share, in the year-ago […]