Tag: Marketwatch
EPAM Systems Inc. EPAM, -6.79% said Friday it will no longer service its customers based in Russia, in response to Russia’s invasion of Ukraine. The provider of digital transformation services said it will provide “transition support” for its customers in Russia, and is “actively evaluating” its other operations in the region. EPAM also announced $100 […]
The U.S. Dollar Index soared to its highest level in almost two years on Friday as the deepening Russia-Ukraine conflict led investors to continue flocking to safe havens, such as the greenback. The dollar index DXY, +0.74% rose 1% to 98.80, the highest level since May 2020. Meanwhile, the euro fell 1.4% to its lowest […]
Ozon Holdings PLC OZON, -8.16%, one of Russia’s largest internet companies in Russia, said the halting of its stock by the Nasdaq could lead to a “Delisting Event” under terms of its $750 million, 1.875%, senior unsecured convertible bonds due 2026. Ozon’s American depositary shares has been halted by Nasdaq since Feb. 28. A “Delisting […]
Echelon Capital Markets analyst Andrew Semple on Friday initiated coverage of Norwood, Mass.-based multi-state cannabis operator MariMed Inc. MRMD, +2.68%, which trades on the OTC. Semple rated the stock a speculative buy and set a 12-month target price of $1.50 a share for MariMed, which has grown cannabis revenue by more than seven times in […]
A new study found that baricitinib, a rheumatoid arthritis drug developed by Eli Lilly & Co. LLY, +1.64% and Incyte Corp. INCY, +0.85%, reduced the risk of death among patients who have been hospitalized with severe COVID-19. The new research, which was published Thursday in preprint form, meaning it’s not peer-reviewed, came from the U.K.’s […]
High-grade copper surged to a record on Friday, as commodity prices soared amid intensifying concerns about the market implications of an invasion of Ukraine by Russia and a series of sanctions leveled against the Kremlin in response to its unprovoked attack. May copper HGH22, +2.77% HG00, +2.87% was trading 2.4% higher to around $4.901 a […]
Shares of Marathon Oil Corp. MRO, +4.02% powered up 2.4% in afternoon trading Friday toward a 3 1/2-year high, as the oil and gas exploration and production company benefited from the spike up in oil prices to a 14-year high, and as the company’s credit rating was put in position to be lifted out of […]
White House press secretary Jen Psaki on Friday said the Biden administration is “looking at ways to reduce the import of Russian oil,” with her remarks coming a day after she appeared to pour cold water on a push in Congress to ban Russian crude. “We are looking at options we could take right now […]
Oil futures climbed on Friday, with U.S. prices ending at their highest in more than 13 years, as Russian’s invasion of Ukraine, and Western nations’ sanctions on Moscow in retaliation, threaten to disrupt global crude supplies. Oil prices have been “a one-way market, but the potential return of Iranian crude supplies could provide much relief […]
The Dow finished nearly 200 points lower Friday, capping another rough week on Wall Street as Russia expanded its war in Ukraine to the nation’s south and igniting a fire Friday at Europe’s largest nuclear power plant. The blaze now has been extinguished, but not before it sparked fears that an intensifying conflict in Eastern […]