Tag: Marketwatch

Morgan Stanley’s MS, -1.10% investing unit Morgan Stanley Infrastructure Partners said Thursday it paid an undisclosed sum to acquire New Zealand ferry operator StraitNZ from Australian firm CPE Capital Oty Ltd. The purchase price was more than $500 million, according to a report by the Australian Financial Review. Mark McLean, managing director and head of […]

Stocks opened to the upside Friday, posting modest gains after data showed the U.S. economy added 431,000 jobs in March and the unemployment rate dropped to 3.6% from 3.8%. The Dow Jones Industrial Average DJIA, +0.14% rose 76 points, or 0.3%, to 34,755, while the S&P 500 SPX, +0.10% edged up 0.3% to 4,544 and […]

Watsco Inc. WSO, -1.15% said Friday it will raise its quarterly dividend by 13%, to boost the heating, air conditioning and refrigeration (HVAC/R) distributor’s dividend yield to more than double that of the S&P 500. The company said the new dividend of $2.20 a share, up from $1.95 a share, will be payable April 29 […]

Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch

Published: March 31, 2022 at 11:07 a.m. ET President Joe Biden plans to order the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, senior Biden administration officials told reporters on Thursday. Reports late Wednesday said Biden looked poise to order such a release. […]

Rail Vision Ltd. RVSN, -25.18% received a very cool reception on Wall Street, as the Israel-based railway-safety technology company’s shares opened 24% below the initial public offering price, then kept falling. The company raised $15.6 million in the upsized IPO, as it sold 3.79 million share units at $4.13 each, which was the bottom of […]

Gold futures settled higher Thursday, posting a gain for the month as well as the quarter. “Gold will remain headline driven and seems poised to make another run higher as the latest Russian move on gas contracts suggests a breakthrough in peace talks seems very far away,” said Edward Moya, senior market analyst at OANDA. […]

Stocks closed sharply lower Thursday, capping a volatile and losing quarter for major U.S. equity indexes. The Dow Jones Industrial Average DJIA, -1.56% fell around 550 points, or 1.6%, to close near 34,678, according to preliminary figures, while the S&P 500 SPX, -1.57% fell around 72 points, or 1.6%, to end near 4,530.The Nasdaq Composite […]

A gasoline RB00, -3.85% tax holiday remains an option under consideration as the Biden administration seeks to give Americans relief from high prices, a White House spokeswoman said Thursday. “The president is not taking anything off the table at this stage,” White House communications director Kate Bedingfield told reporters. Earlier Thursday, Biden announced the U.S. […]

Oil futures dropped on Thursday as the U.S. announced its biggest-ever release from the nation’s Strategic Petroleum Reserve. President Joe Biden authorized the release of 1 million barrels of oil per day for the next six months. It’s “essentially a temporary measure designed to minimize the spring rally, and to that end, it could increase […]