Tag: Marketwatch
Carnival Corp. CL, -0.60% said Tuesday it lost $1.89 billion, or $1.66 a share in the first quarter, compared to a loss of $1.97 billion, or $1.80 a share, in the year-ago period. Revenue increased to $1.62 billion from $26 million. Analysts expected a loss of $1.28 a share and revenue of $2.26 billion, according […]
Packaging company Sonoco Products co. SON, -1.12% raised its first-quarter guidance on Tuesday to reflect strong price and cost recovery across most of its businesses. The company said it expects per-share earnings of 80 cents to 90 cents, including after- tax restructuring charges and acquisition costs and other one-time items. Adjusted to remove those items, […]
A Food and Drug Administration advisory committee is scheduled to meet April 6 to discuss whether there is a need to authorize or approve COVID-19 booster doses in the future. The Vaccines and Related Biological Products Advisory Committee will also talk about creating a process for selecting SARS-CoV-2 virus strains to be included in future […]
Boeing Co. is dragging down the Dow Jones Industrial Average Monday morning, with its shares tumbling after a Boeing 737 jet operated by a Chinese airline reportedly crashed. Shares of Boeing BA, -3.59%, the Dow’s biggest loser in Monday morning trading, are down around 5%, according to FactSet data. Chinese state media broadcaster CCTV said […]
The Boeing Co. shares BA, -3.59% fell 4.8% Monday, after a Chinese airline with 133 people on board crashed in the southern province of Guangxi. Chinese broadcaster CCTV said the accident involved a China Eastern Airlines Boeing and occurred near the city of Wuzhou in Teng county, the Associated Press reported. There was no immediate […]
President Joe Biden on Monday offered a fresh warning about Russia’s government possibly launching cyberattacks. “I have previously warned about the potential that Russia could conduct malicious cyber activity against the United States, including as a response to the unprecedented economic costs we’ve imposed on Russia alongside our allies and partners,” Biden said in a […]
Alibaba Group Holding Ltd. BABA, -4.35% announced late Monday that it was upsizing its share-buyback program. The Chinese e-commerce giant is now authorized to repurchase up to $25 billion in shares, whereas the prior authorization was for $15 billion. The program will be effective for a two-year period that ends in March 2024. Alibaba disclosed […]
Oil futures climbed on Monday, with the U.S. oil benchmark logging its highest settlement in almost two weeks. An expectation that the European Union might well consider imposing their own embargo on Russia oil, despite concerns over any such ban might do to their own economies, helped provide support for oil, said Michael Hewson, chief […]
U.S. stocks fell Monday after Federal Reserve Chairman Jerome Powell said policy makers could lift interest rates by more than a quarter of a percentage point in future meetings as they battle inflation that was already running too high before the Russia-Ukraine war pushed up commodity prices. Equities finished well off session lows, however, trimming […]
U.S. government officials gave “classified, detailed briefings” last week to companies and sectors due to concerns about potential Russian cyberattacks, a White House official told reporters Monday. “Several hundred companies were brought in to get that briefing,” said Anne Neuberger, the Biden administration’s deputy national security adviser for cyber and emerging technology. President Joe Biden […]