Tag: Marketwatch

Shares of United Parcel Service Inc. UPS, -1.55% fell 1.7% in afternoon trading toward a six-month low, putting them on track for the longest losing streak in more than four years. The package delivery giant’s stock has tumbled 15.7% over the past 10 sessions, all declines, which would be the longest stretch of losses since […]

Major stock indexes erased gains to turn south in afternoon trade, on track for their biggest downside reversals in more than a month. The Dow Jones Industrial Average DJIA, -0.26% was down 53 points, or 0.2%, at 34,256 after rising 362 points, or 1.1%, at its session high. A close in negative territory would mark […]

Stocks recorded their biggest blown lead in more than a month on Tuesday, as investors debated if the latest rise in the consumer price index could mean peak inflation. The Dow Jones Industrial Average fell around 88 points, or 0.3%, to close near 34,220, according to preliminary figures, after rising 362 points, or 1.1%, at […]

PayPal Holdings Inc. PYPL, -1.42% on Tuesday said its chief financial officer, John Rainey, is leaving after nearly seven years for the same role at Walmart Inc. WMT, -0.69%. Rainey will stay with PayPal until late May. PayPal’s board approved the appointment of Gabrielle Rabinovitch, senior vice president, corporate finance and investor relations, as interim […]

Walmart Inc. WMT, -0.69% said late Tuesday it has named John Rainey as its chief financial officer, effective June 6. Rainey joins Walmart from PayPal Holdings Inc. PYPL, -1.42%, which announced his departure as CFO also on Tuesday. Before PayPal, Rainey was the CFO of United Airlines. “I’m excited and humbled to join such an […]

Procter & Gamble Co. PG, -0.30% said late Tuesday its board approved a 5% dividend hike for its 66th straight year of dividend increases. The consumer products maker said it will pay a quarterly dividend of 91.33 cents a share, up from a previous 87 cents a share, on May 16 to shareholders of record […]

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by nearly 7.8 million barrels for the week ended April 8, according to sources. The API also reportedly showed a weekly inventory decline of almost 5.1 million barrels for gasoline, while distillate stockpiles fell by about 5 million barrels. Oil stocks at the […]

The first 8%-plus inflation rate in over four decades is igniting renewed debate in financial markets over whether the U.S. has already reached the height of its feverish spell in price gains. Broadly speaking, Tuesday’s consumer price index report, showing annual headline inflation jumping to 8.5% in March, was enough to give both sides of […]

Gold futures rose Tuesday for a fourth straight session, with prices marking their highest settlement in a month. The precious metal is seen as a hedge against inflation and U.S. data Tuesday showed that annual inflation rose above 8% in March for the first time in 40 years. June gold GCM22, +1.39% rose $27.90, or […]

San Francisco-based insurance technology provider Newfront said Tuesday its valuation now tips the scale at $2.2 billion with a $200 million investment from the growth equity business within Goldman Sachs Asset Management and B Capital, with participation from existing investors including Founders Fund and Meritech Capital. Newfront, which employs 800 people and operates an insurance […]