Tag: Marketwatch

Shares of Boeing Co. BA, -5.04% dropped 3.2% toward a 17-month low in premarket trading Wednesday, after the aerospace and defense giant reported a much wider-than-expected first-quarter loss and big misses in revenue and free cash flow, as disappointing commercial airplanes and defense results offset strength in global services. The net loss more than doubled […]

Amazon.com Inc. AMZN, -4.58% announced its latest Go store in Mill Creek, Wash., on Tuesday, featuring an expanded selection of food and beverages, including beer and wine, and a made-to-order kitchen that’s open all day. Menu items include breakfast burritos, avocado toast, and a variety of sandwiches and salads. Returns can be shipped without packages […]

Walmart Inc. WMT, -1.04% announced the launch of the Dave and Jenny Marrs Collection for Better Homes & Gardens collection. The collection includes 30 outdoor furniture and décor items, most available on Tuesday. Items include a teak outdoor dining table for $997, decorative pillows for about $30 and planters in a range of sizes priced […]

Oil futures rose Tuesday, with the U.S. benchmark finishing back above the $100-a-barrel threshold as China’s central bank said it would aim to assist small businesses and industries affected by COVID-19. Also, Germany said it would take steps aimed at replacing Russian oil supplies in coming days, news reports said. Russia will also halt natural-gas […]

Stocks dropped sharply Tuesday, with the Nasdaq Composite COMP, -3.95% posting its lowest finish since late 2020 ahead of earnings from tech giants Microsoft Corp. MSFT, -3.74% and Google parent Alphabet Inc. GOOG, -3.04%. The Dow Jones Industrial Average DJIA, -2.38% lost around 809 points, or 2.4%, to close near 33,240, according to preliminary figures, […]

Shares of Skechers USA Inc. SKX, -4.66% rose more than 4% in the extended session Wednesday after the footwear retailer reported first-quarter earnings and sales above expectations, saying its wholesale business was strong. Skechers said it earned $121.2 million, or 77 cents a share, in the quarter, compared with $98.6 million, or 63 cents a […]

Lucid Group Inc. LCID, -8.74% stock rose more than 4% in the extended session Tuesday after the EV maker said it had reached an agreement with Saudi Arabia to sell up to 100,000 vehicles over a 10-year period to Saudi Arabia’s government, including an initial commitment to buy 50,000 vehicles. That is “another pivotal moment […]

The American Petroleum Institute on Tuesday afternoon reported that U.S. crude-oil inventories rose by 4.78 million barrels last week, according to a source, who cited the data. The trade group also saw a 1.14 million barrel rise in supplies at Cushing, Oklahoma, the delivery hub for New York Mercantile Exchange futures. U.S. gasoline supplies, meanwhile, […]

White House press secretary Jen Psaki on Tuesday said the Biden administration will continue to work with key Democratic Sen. Joe Manchin of West Virginia, as she responded to Manchin’s comment that “there’s not a Build Back Better revival.” Psaki said: “We’re going to continue to engage with a broad range of Democrats, including, of […]

Tyson Foods Inc. TSN, -0.99% Chief Executive Donnie King said beef prices aren’t rising because the packaged meats company just decided to raise prices, but because of “market forces” including strong demand, COVID-19-related labor shortages that constrained production and record inflation. “Tyson does not set the prices for either the cattle we buy or the […]