Tag: 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
Carlyle Group Inc.-backed CG, +1.04% Fortitude Reinsurance Co. Ltd. said Friday it closed its acquisition of Prudential Annuities Life Assurance Corp. (PALAC), a unit of Prudential Financial Inc. PRU, +0.19%, for an undisclosed sum. The deal, which was announced in September, includes about $31 billion of in-force variable annuity account values, mostly from non-New York, […]
The numbers: The Institute for Supply Management’s Manufacturing PMI, a closely followed index of U.S.-based manufacturing activity, slipped to 57.1% in March from 58.6% in the prior month, the research group said Friday. This is the lowest level since September 2020. Given strength in the regional manufacturing surveys in March, economists polled by The Wall […]
Baker Hughes BKR, +0.03% on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 533 this week. That followed a climb of seven oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by […]
The U.S. House of Representatives on Friday passed the Marijuana Opportunity, Reinvestment and Expungement Act (MORE Act) by a vote of 220 to 204 mostly along partly lines. It’s the second time the legislative body has approved the measure to legalize cannabis on the federal level after a vote in 2020. The measure is expected […]
Ford Motor Co. F, -1.54% Chief Executive James Farley total compensation for 2021 nearly doubled from a year ago, boosted by a big increase in stock awards. In Ford’s 2021 proxy statement filed Friday, the automaker said Farley’s total compensation was $22.81 million, up 93.3% from $11.80 million in 2020 and from $8.36 million in […]
The Biden administration plans on May 23 to end Trump-era pandemic restrictions on immigration, the Centers for Disease Control and Prevention said Friday. “After considering current public health conditions and an increased availability of tools to fight COVID-19 (such as highly effective vaccines and therapeutics), the CDC Director has determined that an Order suspending the […]
Gold futures fell on Friday, contributing to a weekly loss of more than 1%, with prices pressured in part by strength in the U.S. dollar and a rise in 10-year Treasury yields in the wake of a sizable rise in March U.S. nonfarm payrolls. Still, Colin Cieszynski, chief market strategist at SIA Wealth management, said […]
U.S. stocks finished higher Friday, with the S&P 500 and Nasdaq Composite booking a third straight week of gains, as investors focused on a strong labor market that could smooth the way for a more aggressive path of interest rate hikes from the Federal Reserve as it seeks to tackle hot inflation. The Dow Jones […]
U.S. oil futures ended lower on Friday, logging a nearly 13% loss for the week – the biggest such loss for a front-month contract since late April 2020, according to Dow Jones Market Data. The U.S. announced Thursday that it will release 1 million barrels of oil a day for the next six months, and […]