Tag: Marketwatch

Anatoly Chubais has become one of the highest-ranking Russian officials to leave his post over President Vladimir Putin’s war in Ukraine that began roughly a month ago, various media outlets reported on Wednesday. Citing two sources, Bloomberg reported that the climate envoy known as a reformer in the 1990s who steered the country’s privatization, had […]

Gold futures rallied on Wednesday to settle at their highest in almost a week. The U.S. Federal Reserve has “marked out a series of planned interest rate rises throughout the year, so gold is likely to face an increasingly less favourable macroeconomic environment,” said Rupert Rowling, market analyst at Kinesis Money. “Yet the one factor […]

Russian forces have committed war crimes in Ukraine, the U.S. government has assessed, Secretary of State Antony Blinken said in a statement Wednesday. Blinken’s statement comes as President Joe Biden is en route to Brussels for meetings with allies, and is expected to announce more sanctions on Russia over the invasion of Ukraine. “Today, I […]

All three major U.S. stock benchmarks closed lower Wednesday amid a sharp rise in oil prices as the Russia-Ukraine war pressed on for about a month. The Dow Jones Industrial Average DJIA, -1.29% and Nasdaq Composite COMP, -1.32% each closed around 1.3% lower, while the S&P 500 SPX, -1.23% fell 1.2%, according to preliminary FactSet […]

Shares of Traeger Inc. COOK, -4.56% fell more than 11% in the extended session Wednesday after the grill maker reported fourth-quarter results above Wall Street expectations but guided for lower sales, saying it is feeling the pinch of inflation, dimmer consumer confidence and thinner profit margins. Traeger said it lost $33.7 million, or 29 cents […]

Nikola Corp. NKLA, -0.65% late Wednesday confirmed it started production of its electric commercial truck, the Tre, last week at its Coolidge, Ariz., factory. The EV maker had aimed for that when it reported fourth-quarter earnings last month. “We are laser-focused on delivering vehicles and generating revenue as the global leader in zero-emission transportation and […]

Shares of Oxford Industries Inc. OXM, -3.44% rose more than 5% in the extended session Wednesday after the maker of Tommy Bahama, Lily Pulitzer and other clothing brands swung to a quarterly profit, raised its dividend, and said its 2022 prospects are brighter. Oxford Industries said it earned $25.4 million, or $1.50 a share, in […]

Oil futures climbed sharply on Wednesday, with U.S. prices marking their highest finish in over two weeks. Prices got a boost from ongoing worries over global supply disruptions from the Russia-Ukraine war, as well as data showing weekly declines in U.S. crude, gasoline and distillate inventories. “We continue to expect WTI oil to be range […]

The Japanese yen is taking a hit from hawkish remarks by Federal Reserve policy makers this week, extending its weakness against the U.S. dollar for a fourth straight session. Japan’s currency was trading at around 121 yen per dollar USDJPY, +0.20% as of Wednesday, a day after the Asian currency weakened to a six-year low […]

The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 2.5 million barrels for the week ended March 18. On average, the EIA was expected to show crude inventories unchanged for the week, according to analysts surveyed by S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported a 4.3 million-barrel […]