Tag: Marketwatch
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 3 million barrels for the week ended March 25, according to sources. The API also reportedly showed weekly inventory declines of nearly 1.4 million barrels for gasoline and 215,000 barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub were down […]
Shares of TJX Companies Inc. TJX, +3.74% rallied 3.7% in afternoon trading Tuesday, after the discount apparel and home fashions retailer raised its dividend by 13.5% and announced plans to repurchase up to $2.5 billion worth of stock in the current fiscal year. The new quarterly dividend of 29.5 cents a share, up from 26 […]
Gold futures settled at their lowest in nearly two weeks, not three weeks as previously stated. Gold futures fell for a third straight session on Tuesday to mark their lowest settlement in almost two weeks. There’s a “heavy hint of optimism in the air amidst headlines of potential Putin-Zelensky peace talks, and the Russian military […]
MetLife Inc. MET, +0.74% said Tuesday its MetLife Investment Management (MIM) unit set a new agricultural mortgage loan origination record of $6 billion in 2021. The $6 billion figure exceeded by 20% the previous record set in 2018; it also boosted MIM’s year-end total agricultural mortgage loan assets under management to a record high of […]
Bath & Body Works Inc. BBWI, -2.06% announced the additions of Juan Rajlin, Alphabet Inc. GOOG, +0.30% GOOGL, -0.15% and Google treasurer, and Alessandro Bogliolo, former Tiffany & Co. chief executive, to the company’s board. Andrew Meslow, Bath & Body Works’ chief executive, and Robert Schottenstein will not stand for re-election at the annual stockholders […]
McCormick & Co. Inc. MKC, -0.31% reported Tuesday fiscal first-quarter profit and sales that topped expectations, as higher at-home consumption compared with pre-pandemic levels helped offset higher inflation and supply-chain challenges. The spices and seasoning mixes company’s stock was still inactive in premarket trading. Net income for the quarter to Feb. 28 fell to $154.9 […]
Shares of GameStop Corp. GME, +24.77% rose 1.2% in premarket trading Monday, which puts them on course for the longest win streak in 12 years. The videogame and consumer electronics retailer’s stock rallied 6.7% on Friday for a ninth-straight gain, which was the longest since the nine-day stretch that ended Nov. 29, 2017. A tenth-straight […]
American International Group Inc. AIG, -1.16% said Monday it reached an agreement with BlackRock Inc. BLK, +1.19% for BlackRock to manage liquid fixed income private placement assets valued up to $60 billion. BlackRock will also manage up to $90 billion of assets for AIG’s Life & Retirement business. The strategic partnerships “will provide both AIG […]
U.S. benchmarks opened mostly lower Monday morning, with the Dow Jones Industrial Average and S&P 500 down modestly, as the stock market remained focused on developments surrounding the Russia-Ukraine war. The Dow DJIA, +0.27% dipped about 0.2% and the S&P 500 SPX, +0.71% slipped 0.1%, while technology-laden Nasdaq Composite COMP, +1.31% rose less than 0.1% […]
Gold futures settled lower on Monday for a second straight session, with strength in the U.S. dollar pressuring prices for the metal. “The dollar has generally been the primary safe haven in recent weeks, but interest in gold, while perhaps somewhat subdued, is still relatively solid,” said Rhona O’Connell, head of market analysis, EMEA & […]