Tag: Marketwatch

Shares of QVC parent Qurate Retail Inc. QRTEA, -14.55% sank 18.4% in Friday trading after the company gave a preliminary look at fourth-quarter revenue results that show an 8% to 9% decline, in constant currency. Revenue for QxH, which represent the QVC U.S. and HSN businesses, are expected to be down 6.5% to 7.5%, also […]

Gold prices fell on Friday, pressured by overall strength in the U.S. dollar after the Federal Reserve this week indicated that it may hike interest rates as soon as March. The loss contributed to 2.5% decline for the week, based on the most-active contracts. That was the worst weekly percentage decline since the period ending […]

Boot Barn Holdings Inc. BOOT, -9.72% stock sank 9.4% in Friday trading as at least two analyst groups cut their price targets and concerns rise about the road ahead for the Western-style retailer. Late Thursday, Boot Barn reported fiscal third-quarter net income totaling $69.2 million, or $2.27 per share, up from $29.6 million, or $1.00 […]

Oil futures rose on Friday, with U.S. prices posting a sixth-consecutive weekly rise as the Russia-Ukraine crisis continued to put already tight global oil supplies at risk. Oil prices, however, settled below the day’s best levels. With the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, due to meet next […]

A big comeback Friday for stocks left the S&P 500 index SPX, +2.43%, Dow Jones Industrial Average DJIA, +1.65% and Nasdaq Composite Index COMP, +3.13% with sizable gains on the session and enough upward momentum to leave all three key U.S. stock benchmarks in the green in a week of extreme volatility on Wall Street. […]

The House committee investigating the January 6 attack on the U.S. Capitol has issued subpoenas to 14 individuals who were purported “alternate electors” for former President Donald Trump. “The Select Committee is seeking information about attempts in multiple states to overturn the results of the 2020 election, including the planning and coordination of efforts to […]

Investors could be in for seven 25-basis-point interest rate hikes this year, or one at each remaining Federal Reserve meeting, considering the central bank “has all but admitted that it is seriously behind the curve,” according to a note by BofA Global Research. In the note released Friday, economist Ethan Harris and others made a […]

Shares of AMC Entertainment Holdings Inc. AMC, -2.86% fell 1.3% in premarket trading, putting them in danger of matching their record 12-day losing streak. The movie theater operator’s “meme stock” had tumbled 36.3% over the past 11 sessions. That matched the 11-day losing streak that ended Jan. 5, 2021, in which the stock had dropped […]

The numbers: The employment cost index rose 1% in the fourth quarter, down from the record 1.3% gain in the July-September quarter, the Labor Department said Friday. Economists polled by the Wall Street Journal had forecast a 1.2% increase. Over the past 12 months, the employment cost index rose an unadjusted 4%, up from 3.7% […]

Caterpillar Inc. CAT, -0.99% reported Friday big profit and revenue beats, as sales of all three of its major business segments rose above expectations, but the stock slipped 0.4% premarket as cost increases outpaced sales growth. Net income nearly tripled, to $2.12 billion, or $3.91 a share, from $780 million, or $1.42 a share, in […]