Tag: Marketwatch

Deutsche Bank AG DB, -4.61% said Friday it will not take on any new business in Russia. “Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations,” the […]

Gold futures declined on Friday, paring their gain for the week in which prices touched their highest levels in 19 months. “Gold tumbled as risk appetite roared back after Russian President [Vladimir] Putin noted there are certain positive shifts in talks with Ukraine,” said Edward Moya, senior market analyst at OANDA. “Growth concerns, however, will […]

Shares of Pfizer Inc. PFE, +2.61% were up 2.0% in trading on Friday after the company said it closed its $6.7 billion acquisition of Arena Pharmaceuticals Inc. Arena is developing treatments for immuno-inflammatory diseases like ulcerative colitis and atopic dermatitis. It has said it expects to share data from a Phase 3 clinical trial testing […]

U.S. stocks opened higher Friday, with major indexes finding support as investors weighed remarks by Russian President Vladimir Putin and continued to monitor Russia’s invasion of Ukraine. The Dow Jones Industrial Average DJIA, +0.35% rose 268 points, or 0.8%, to 33,442, while the S&P 500 SPX, -0.01% rose 0.7% to 4,290 and the Nasdaq Composite […]

Buckle Inc. BKE, +0.20% shares rose 6.4% in Friday premarket trading after the company reported fourth-quarter profit that beat expectations. The apparel and accessories retailer posted net income of $83.9 million, or $1.69 per share, up from $65.6 million, or $1.33 per share, last year. Sales of $380.9 million were up from $318.8 million. The […]

Vita Coco Co. COCO, -17.49% stock slumped 17% in Thursday trading after the coconut water maker swung to a fourth-quarter loss. Net loss totaled $3.4 million, or 6 cents per share, after net income of $17.1 million, or 29 cents per share, last year. “The decrease was primarily driven by a non-cash gain due to […]

Gold futures resumed their climb on Thursday, a day after posting the first loss in five sessions. The precious metal once again climbed above $2,000, with the rise attributable to the Russia-Ukraine war and reports of zero progress towards an end of the conflict, said Jeff Wright, chief investment officer at Wolfpack Capital. Gold should […]

Share of DraftKings Inc. DKNG, -1.12% dropped 3.2% in afternoon trading Thursday, putting them on track for the lowest close since April 2020. The digital sports entertainment and gaming company’s stock is now below the 2 1/2-week low close of $17.38 on March 8, which followed a 26.6% tumbled amid a six-day losing streak. It […]

The U.S. Treasury Department plans to announce new actions on Friday that aim to prevent North Korea from accessing foreign items and technology that enable it to advance its prohibited weapons programs, a senior Biden administration told reporters on Thursday. The official said the actions come after the U.S. government concluded that North Korean ballistic […]

JPMorgan Chase & Co. JPM, -1.18% said Thursday it is actively unwinding its Russian business and it has not been pursuing any new business there, in compliance with directives by governments around the world. “Current activities are limited, including helping global clients address and close out pre-existing obligations; managing their Russian-related risk; acting as a […]