Tag: Marketwatch

Shares of Robinhood Markets Inc. HOOD, -8.49% pulled back 8.8% in afternoon trading Wednesday, after downbeat analyst commentary following the previous session’s big rally. Analyst Kenneth Worthington at J.P. Morgan reiterated his underweight rating on the trading app and his $11 stock price target, but widened his 2022 adjusted per-share loss estimate to 84 cents […]

Gold futures finished higher on Wednesday, finding support with investors wary of Russia’s pledge a day earlier to scale back some military options. News reports said Russia shelled areas of Ukraine that were part of that pledge. That contributed to losses in U.S. benchmark stock indexes, renewing haven demand for gold. June gold GCM22, +0.94% […]

Wendy’s Co. WEN, +0.45% announced the April 2 launch of its first virtual restaurant, in partnership with Meta’s FB, +0.38% Horizons World. Wendyverse will feature a restaurant that replicates a bricks-and-mortar Wendy’s location, and the Buck BiscuitDome, a basketball court where guests can be on court, and get deals on real-life Wendy’s menu items. Users […]

Shares of Paychex Inc. PAYX, +2.05% surged 1.9% toward a three-month high in premarket trading Wednesday, after the human resources outsourcing services company reported fiscal third-quarter profit and revenue that rose above expectations, and boosted its full-year growth outlook, as record new sales revenue was coupled with high levels of client retention. Net income for […]

Trulieve Cannabis Corp. TCNNF, +1.22% TRUL, +1.17% posted weaker-than-expected earnings for the fourth quarter on Wednesday, as it booked charges and costs related to the acquisition of Harvest Health & Recreation which closed last October. The Tallahassee, Florida-based company swung to a loss of $71.5 million, or 49 cents a share, in the quarter, after […]

President Joe Biden on Tuesday took a wait-and-see approach to Russia’s announcement that it would scale back military operations near Ukraine’s capital. “We’ll see,” Biden told reporters when asked about Russia’s statement. “I don’t read anything into it until I see what their actions are,” Biden said during a brief joint appearance with Singaporean Prime […]

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

NextEra Energy Inc. NEE, +0.23% said Tuesday that it was “disappointed” in the U.S. Department of Commerce’s decision to look into possible tariffs on solar panel imports from certain countries in Asia. The clean energy company’s stock fell 0.5% in afternoon trading, reversing an earlier gain of as much as 0.7%. The decision followed a […]

Oil futures declined on Tuesday for a second straight session, with prices pressured by reports of progress in peace talks between Russia and Ukraine. Prices have fallen “with Russia signaling a willingness to de-escalate the war against Ukraine,” said Jay Hatfield, chief investment officer at ICAP. “If there is a full cease fire and more […]

U.S. stocks finished higher Tuesday, with the S&P 500 exiting correction territory after a little over a month, as investors turned more bullish on hopes for a ceasefire agreement between Russia and Ukraine. The S&P 500 SPX, +1.23% added about 56 points, or 1.2%, enough to close above the 4,587.77 mark necessary to emerge from […]