Tag: Marketwatch

U.S. stocks opened sharply lower Friday, with all three major benchmarks heading for weekly losses in the wake of the Federal Reserve’s large interest rate hike and a surge in Treasury yields. The Dow Jones Industrial Average DJIA, -1.50% was down around 1% soon after the opening bell, while the S&P 500 SPX, -1.76% dropped […]

Credit reporting agencies Equifax Inc. EFX, -2.49%, TransUnion and Dublin-based Experian PLC EXPGY, -2.45% EXPN, -0.23% said Friday that they will continue to offer free weekly credit reports to U.S. consumers through the end of 2023. “This benefit will help consumers manage their financial health during a period of rising inflation and unprecedented economic uncertainty […]

Hilary Mantel, the British writer and winner of two Booker awards for her best-selling trilogy about the life of Thomas Cromwell, has died at the age of 70, according to her literary agent A.M. Health and publisher Harper Collins. Mantel died ” suddenly yet peacefully yesterday, surrounded by close family and friends,” they said in […]

Shares of Darden Restaurants Inc. DRI, -4.44% dove 2.5% in premarket trading Thursday, after the restaurant chain operator matched fiscal first-quarter profit expectations but missed on same-store sales, amid weakness in its flagship Olive Garden and LongHorn Steakhouse chains. Net income for the quarter to Aug. 28 fell to $193.0 million, or $1.56 a share, […]

Gold futures climbed on Thursday, with the haven precious metal finding support for a second straight session after Russia raised its war efforts in Ukraine, ordering a partial mobilization of reservists into service. Still, strength in the U.S. dollar following the Federal Reserve’s decision Wednesday to hike interest rates by 75 basis points helped to […]

Shares of Graphic Packaging Holding Co. GPK, +0.74% hiked up 0.9%, to buck the selloff in the broader stock market, after the consumer packaging provider said it raised its quarterly dividend by 33%. The new dividend of 10.0 cents a share, up from 7.5 cents a share, will be payable Jan. 5, 2023 to shareholders […]

Shares of Ford Motor Co. F, -0.57% eased about 0.1% in morning trading Tuesday, while the S&P 500 SPX, -0.50% dropped 0.5%, after the auto maker announced leadership changes as it looks to accelerate its “Ford+” growth plan, and as it enters an “intense period of execution” of its $50 billion investment in electric vehicles […]

Shares of Li Auto Inc. LI, -8.84% surged 6.2% in premarket trading Thursday, to bounce off the previous session’s four-month closing low, after the China-based electric vehicle maker said it was moving up the launch of its Li L8 six-seat sport utility vehicle (SUV) to Sept. 30 due to strong demand. The company said it […]

Target Corp. TGT, -0.62% said Thursday it’s planning to hire up to 100,00 seasonal workers this holiday season with a new starting wage range of $15 to $24 an hour. The company said that on average, it retains about 30% of its season workers after the holiday season. The retailer will start its Target Deal […]

Steelcase Inc. SCS, -1.28% on Wednesday said it planned to cut up to 180 salaried positions in the third quarter, citing a “recent volume decline in our incoming orders and lower-than-expected return-to-office trends in the Americas.” The maker of furniture and other supplies for offices, hospitals and classrooms said the move was part of an […]