Tag: Marketwatch

Shares of Boeing Co. BA, -1.56% slipped 0.7% in morning trading Friday, after reports that a Boeing 757 cargo jet broke in half while landing. The stock was the biggest decliner among Dow Jones Industrial Average DJIA, +0.40% components. A Boeing 757 operated by package delivery company DHL detected a hydraulic system failure soon after […]

The British pound GBPUSD, -0.31% fell below $1.30 on Friday, trading at the lowest level since November 2020. The U.K. currency has been pressured as the Bank of England, despite being further along with rate increases than the U.S. Federal Reserve, has expressed caution about how high it can take rates. The U.K. currency also […]

U.S. stocks opened mixed Friday, with the technology-heavy Nasdaq Composite COMP, -1.34% and S&P 500 SPX, -0.27% trading lower, as investors continue to digest expectations for a more hawkish Federal Reserve ahead of March inflation data due out early next week. The Dow Jones Industrial Average DJIA, +0.40% was up slightly before dipping into negative […]

Legal cannabis companies would be allowed for the first time to deduct ordinary business expenses on their state taxes under a budget agreement reached Thursday by New York State lawmakers. This would put cannabis companies on equal tax ground with all other businesses in the state, at least in terms of their New York income […]

Walgreens Boots Alliance WBA, +0.69% CEO Rosalind Brewer joined the board of Village MD, a privately held network of primary care clinics that Walgreens has invested in. Walgreens announced in October that it would invest $5.2 billion in VillageMD, with the goal of opening 600 Village Medical at Walgreens clinics by 2025. Walgreens now owns […]

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

Analyst Kenneth Leon at CFRA on Friday lowered his rating on Whirlpool Corp. WHR, +2.04% shares to sell, from buy, and lowered his price target by $20 to $180 as rising interest rates and a “potential risk of global stagflation” could hurt consumer-discretionary spending for household appliances. “We believe (Whirlpool) shares may underperform the S&P […]

President Joe Biden tested negative for COVID-19 on Friday, the White House said. That result comes as a number of officials in Washington, D.C., have tested positive, raising concerns at a time when the Biden administration’s narrative is that the pandemic is under control. Source: Marketwatch

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

Amid the debate over whether the U.S. is about to head into an economic downturn, the Duke University finance professor who pioneered the use of bond-market yield curves as a predictive tool has a few things to say. One is that it’s too soon to say whether a contraction is on the way, though the […]