Tag: Marketwatch

Shares of Williams-Sonoma Inc. WSM, +2.65% rallied more than 10% in the extended session Wednesday after the retailer reported quarterly profit above expectations and raised its dividend. Williams-Sonoma said it earned $403 million, or $5.41 a share, in the fourth quarter, compared with $309 million, or $3.92 a share, in the year-ago quarter. Revenue rose […]

Lennar Corp. LEN, +2.60% shares rose more than 2% in the extended session Wednesday after the home builder reported first-quarter profit that topped Wall Street expectations and said its “strong sales” reflected ongoing strength in the housing market. Lennar said it earned $503.6 million, or $1.69 a share, in the first quarter, compared with $1 […]

Nordstrom Inc. JWN, +3.32% said late Wednesday it is reinstating a quarterly dividend, with the company’s board of directors approving a quarterly dividend of 19 cents a share payable April 13 to shareholders of record at the close of business on March 28. Nordstrom shares rose 1.2% in the extended session after ending the regular […]

White House press secretary Jen Psaki on Wednesday urged operators of gasoline RB00, -1.11% stations to pass on the recent retreat in oil prices CL00, -1.59% to Americans. “Retail gasoline prices are updated at least daily, and if gas retailers’ costs are going down, they need to immediately pass those savings on to consumers,” she […]

A trade group representing Europe’s largest energy traders asked governments and central banks for emergency assistance, warning of a cash crunch resulting from commodity-market volatility following Russia’s invasion of Ukraine, the Financial Times reported Tuesday. In a letter, the European Federation of Energy Traders, whose members include BP, Shell and commodity traders Vitol and Trafigura, […]

The Energy Information Administration reported on Wednesday that U.S. crude inventories rose by 4.3 million barrels for the week ended March 11. That followed two consecutive weeks of declines. On average, the EIA was expected to show crude inventories up by 200,000 barrels, according to analysts surveyed by S&P Global Commodity Insights. The American Petroleum […]

Plant-based Very Good Food Co. Inc. VGFC, -20.06% said Wednesday that it is temporarily lowering both production and headcount, halting non-critical capital expenditures, and taking other steps to manage liquidity and drive profitability. Supply chain disruptions have driven inventory to levels that require a pullback in production. The company says it will also focus on […]

The Biden administration made a firm push for Congress to provide additional funding to fight COVID-19 on Tuesday after $15.6 billion was dropped from a spending bill, arguing that it needs to make sure there are enough doses on hand to provide fourth jabs for all Americans if such boosters are needed – or to […]

Prices for the U.S. oil benchmark entered a bear market Tuesday after finishing more than 20% below their settlement of $123.70 a barrel on March 8, which was the highest finish since August 2008. Oil prices continued their selloff amid renewed COVID-related shutdowns in China, while peace talks continued between Russia and Ukraine, said Marshall […]

Published: March 15, 2022 at 2:52 p.m. ET President Joe Biden on Tuesday afternoon signed into law a massive new bill that will fund the federal government for the remainder of the fiscal year and prevent a government shutdown, as well as further aid Ukraine. Earlier Tuesday, Biden administration officials continued their push for Congress […]