Tag: Marketwatch

Activist investor group Macellum Advisors GP LLC has named the slate of 10 board members that it will nominate at Kohl’s Corp.’s KSS, -0.86% next investor day, scheduled for March 7, including Stacy Hawkins, a Rutgers Law School educator and diversity consultant; Jeffrey Kantor, former Macy’s Inc. M, +0.52% executive with 40 years of retail […]

Stocks opened lower Thursday, with the tech-heavy Nasdaq Composite leading the way lower after January inflation data came in hotter than expected. The Dow Jones Industrial Average DJIA, -0.11% fell 247 points, or 0.6%, while the S&P 500 SPX, -0.34% shed around 1% to 4,541. The Nasdaq COMP, -0.45% fell 1.4% to 14,292. Source: Marketwatch

The Organization of the Petroleum Exporting Countries on Thursday left its forecast for oil-demand growth in 2022 unchanged at 4.2 million barrels a day. In a monthly report, the cartel tweaked its estimate for demand growth in 2021 by 17,000 barrels a day to 5.7 million barrels a day, mainly due to better performance in […]

Oil futures climbed on Wednesday, but U.S. benchmark prices settled below their highest levels of the session. The resumption of indirect talks between the U.S. and Iran likely “contributed to the recent weakness in prices,” but the countries remain “a long way short of any sort of agreement that might bring about new supply,” said […]

Stocks ended with sharp gains Wednesday, extending a bounce from a January stumble as investors digested a steady stream of corporate earnings and awaited the release of the January consumer price index. The Dow Jones Industrial Average DJIA, +0.86% ended around 305 points higher, up 0.9%, near 35,769, according to preliminary figures The S&P 500 […]

Shares of Mattel Inc. MAT, +3.83% rose more than 6% in the extended session Wednesday after the toy maker reported fourth-quarter earnings and sales above Wall Street expectations and said its business turnaround is “complete.” Mattel said it earned $226 million, or 63 cents a share, in the quarter, compared with $129 million, or 37 […]

The National Archives and Records Administration has asked the Justice Department to examine Donald Trump’s handling of White House records, the Washington Post reported Wednesday. That has sparked discussions among federal law-enforcement officials about whether they should investigate the former president for a possible crime, the Post said, citing people familiar with the matter. As […]

Shares of iRobot Corp. IRBT, +4.07% tanked more than 11% in the extended session Wednesday after the maker of the Roomba robotic vacuum cleaner and other products reported a wider-than-expected fourth-quarter loss and sales fell short of estimates, saying that chip shortages, shipping delays and other supply-chain problems crimped its business. IRobot said it lost […]

O’Reilly Automotive Inc. ORLY, +0.48% shares rose more than 5% late Wednesday after the auto-parts retailer reported quarterly earnings and sales above Wall Street expectations, calling the quarter’s performance “incredible.” O’Reilly said it earned $519 million, or $7.64 a share, in the quarter, compared with $393 million, or $5.40 a share, in the same period […]

Assurant Inc. AIZ, +6.74% jumped 7% on Wednesday in the stock’s strongest performance since Aug. 5, 2020 when it rallied 14.2%. The New York-based insurance carrier on Tuesday lifted its outlook for earnings before interest, taxes, depreciation and amortization (Ebitda) and beat Wall Street’s earnings view. For 2022, Assurant said it expects Ebitda growth of […]