Tag: Marketwatch

Hertz Global Holdings Inc. HTZ, +2.55% on Friday named retired Goldman Sachs Group Inc. GS, +2.43% executive Stephen M. Scherr as its chief executive officer to lead the car rental company’s 25,000 employees. Scherr, 57, retired on Dec. 31 as chief financial officer, capping off a nearly 30-year career at Goldman. “Hertz is an extraordinary […]

The numbers:  The U.S. added a robust 467,000 jobs in January and hiring was much stronger at the end of 2021 than originally reported, pointing to the resilience of a rapidly recovering economy despite successive waves of the coronavirus. The unemployment rate rose to 4% from 3.9%, the government said Friday. Economists polled by Wall […]

Shares of Royal Caribbean Group RCL, -4.76% fell 1.5% in premarket trading Friday, after the cruise operator reported a wider-than-expected fourth-quarter loss and revenue that missed expectations again, as the omicron variant of the coronavirus that causes COVID-19 led to cruise cancellations and service disruptions. The net loss narrowed to $1.36 billion, or $5.33 a […]

Carlyle Group Inc. CG, +0.34% shares rose 1.5% in premarket trades Friday as they recaptured some of their losses from the previous session, despite better-than-expected fourth-quarter results from the private equity firm. BMO Capital Markets reiterated its outperform rating on Carlyle Group on Friday and raised its price target to $71 a share from $68 […]

Shares of Biogen Inc. BIIB, +0.62% tumbled 2.2% in premarket trading on Friday after the company disclosed in a securities filing that it received a civil investigative demand from the Federal Trade Commission and an inquiry from the Securities and Exchange Commission in relation to Aduhelm, its new Alzheimer’s disease drug. The SEC inquiry is […]

Shares of Marathon Digital Holdings Inc. MARA, +10.84% rallied 2.8% in premarket trading, after the cryptocurrency miner said it produced 462.1 “self-mined” bitcoin BTCUSD, +2.54% in January. That represented a nine-fold increase (up 816%) from the 50.4 self-mined bitcoin in the year-ago period. That increased the company’s bitcoin holdings to 8,595, which has a fair […]

Fed funds futures reflect a higher possibility of a 50 basis point rate increase by the Federal Reserve in March, after January’s nonfarm payrolls data produced a greater-than-expected 467,000 gain. The probability of a 50bps hike was 27% as of Friday morning, up from 14% on Thursday, according to the CME FedWatch Tool. Meanwhile, the […]

President Joe Biden on Friday touted a much better-than-expected jobs report, saying “America is back to work” after the government reported that the U.S. added 467,000 jobs in January and hiring was much stronger at the end of 2021 than originally reported. “America’s jobs machine is growing stronger than ever,” Biden said in remarks at […]

Baker Hughes BKR, +1.57% on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 497 this week. That followed a climb of four oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by […]

Shares of General Electric Co. GE, +0.70% rose 0.8% in afternoon trading Friday, to put them on track for the longest win streak in nearly six years. The industrial conglomerate’s stock has gained 11.0% amid its current seven-day streak of gains, which was launched after the stock dropped 7.8% in two days following fourth-quarter results […]