Tag: Marketwatch

Baker Hughes BKR, +3.56% on Friday reported that the number of active U.S. rigs drilling for oil was down by three to 519 this week. That followed increases in each of the last five weeks, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, was unchanged at […]

New York City Mayor Eric Adams said Friday that the “Key to NYC” rules will be suspended starting March 7, leading to the lifting of several COVID-19 pandemic restrictions give rapidly declining cases and hospitalizations in the city. Adams said indoor venues, including restaurants, fitness facilities and entertainment spaces, will not longer require proof of […]

Shares of Microsoft Corp. MSFT, -1.36% fell 2.1% in morning trading Friday, after the software giant said it will suspend all new sales of its products and services in Russia. The company said it was coordinating with the U.S. and U.K. governments and with the European Union to company its Russia businesses in compliance with […]

Trading in the iShares MSCI Russia ETF ERUS, -25.51% has been halted by NYSE Arca, as of 4 a.m. Eastern time on Friday. The ETF (ERUS) tumbled 25.5% on Thursday to a record-low close of $8.06, following MSCI Inc.’s MSCI, -0.78% announcement that Russia’s equity markets were uninvestable, and has plummeted 72.8% since Russia’s invasion […]

The London Stock Exchange on Friday suspended more Russian companies that had secondary listings at the exchange. The suspension includes the depository receipts of companies including Rostelecom RKMD, , food retailer Magnit MGNT, and conglomerate Sistema SSA, . The LSE said the move was made due to “the ongoing deterioration of market conditions” and the […]

The Biden administration on Thursday announced that it’s coordinating with U.S. allies to sanction additional Russian oligarchs and their family members, as part of the Western response to Russia’s invasion of Ukraine. “These individuals and their family members will be cut off from the U.S. financial system, their assets in the United States will be […]

Par Pacific Holdings Inc. PARR, -5.10% said Thursday that is will suspend purchases of Russian crude oil for its Hawaii refinery. “We will continually monitor and evaluate our posture on Russian crude over the coming weeks and months,” the energy infrastructure company said in a statement. “In the meantime, we are turning to other grades […]

Amazon.com Inc. AMZN, -2.73% has given the Federal Trade Commission a mid-March deadline to rule on Amazon’s proposed $6.5 billion purchase of the MGM movie and television studio, according to a Wall Street Journal report on Thursday. The ultimatum came after the e-commerce giant certified to the FTC that it provided all the information requested […]

Cisco Systems Inc. CSCO, -0.14% is the latest major U.S. company to pause business operations in Russia because of its invasion of Ukraine. Cisco Chief Executive Chuck Robbins told staff in an letter Thursday that “Cisco is stopping all business operations in Russia and Belarus and will continue to focus on supporting our Ukrainian employees, […]

Sweetgreen Inc. SG, -11.34% reported mixed quarterly results late Thursday, and the stock rallied more than 20% after the fast-casual restaurant said it demonstrated “continued recovery from the pandemic” and benefited from higher prices for its salads and other health-minded meals. Sweetgreen said it lost $66.2 million, or $1.14 a share, in the fourth quarter, […]