Tag: Marketwatch
Gold futures climbed for a second straight session on Wednesday to settle at their highest in about two weeks. Gold responded, in part, to comments from a number of Federal Reserve officials, such as Minneapolis Fed President Neel Kashkari, who “while talking in hawkish tones, are also emphasizing the fabled ‘soft landing’ while taking on […]
Shares of Apple Inc. AAPL, +2.27% climbed 1.3% toward a five-week high, putting them on track to record an eighth-straight gain. That would be the longest win streak since the nine-day stretch of gains that ended on Nov. 24, 2021. The technology behemoth’s stock has run up 14.5% during its current win streak, the best […]
Oil futures fell sharply on Thursday, as world leaders meeting to discuss actions against Russia for its invasion of Ukraine didn’t mention any new sanctions on Russian oil. “NATO members are not throwin’ away a shot at ratcheting the pressure against Russia right now,” said Edward Moya, senior market analyst at OANDA. However, “they will […]
Stocks extended gains into the closing bell Thursday, with the S&P 500 and Nasdaq Composite reclaiming all of the previous day’s losses and then some. Equities bounced as oil futures pulled back after ending around two-week highs and data showed the number of first-time jobless claims fell to their lowest since 1969. The Dow DJIA, […]
The U.S. House of Representatives is planning to vote for the second time on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act to legalize cannabis at the federal level next week, according to a Thursday article in Marijuana Moment. Cannabis stocks rose sharply in late trading, with Canopy Growth Corp GCG, -1.21% up 12%, Trulieve […]
Sweetgreen Inc. SG, +4.59% said Thursday that it will open a drive-through “Sweetlane” in Illinois within the next year. The pilot location will take orders digitally, and offer dine-in service where customers can order in the restaurant. Sweetgreen stock began trading in November 2021, priced at $28. Shares closed Thursday at $33.72. Source: Marketwatch
Former President Donald Trump on Thursday filed a lawsuit alleging Hillary Clinton and the Democratic National Committee tried to rig the 2016 presidential election. The lawsuit alleges that Clinton and the DNC fabricated a link between the Trump campaign and Russia, triggering an “unfounded federal investigation” and a “media frenzy,” CNN reports. A bipartisan Senate […]
Shares of Okta Inc. OKTA, -2.90% dropped 4.3% in afternoon trading Thursday, putting them on track to close at a near two-year low, following a double downgrade by Raymond James analyst Adam Tindle. The downgrade comes on the heels of the announcement by the provider identity management services for businesses it was investigating a potential […]
Home Depot Inc. HD, -0.28% disclosed that it cut its overall workforce by 2.8% in the fiscal year ended Jan. 30, 2022, while increasing the number of salaried employees by 19.9%. In the home improvement retail giant’s 10-K annual report filed with the Securities and Exchange Commission late Wednesday, the company said it had 490,600 […]
Columbia Care Inc. CCHWF, -1.92% CCHW, -2.28% said Thursday its fourth-quarter net loss widened to $53.3 million, or 14 cents a share, from a loss of $43.3 million, or 16 cents a share in the year-ago quarter. The cannabis company’s revenue increased to $139.3 million from $76.1 million. Analysts expected Columbia Care to lose five […]