Tag: Marketwatch
Just as Federal Reserve policy makers gear up for a likely series of interest rate hikes starting in March, the Treasury market is warning that there may be limits around how far policy makers can go without triggering fears of an impending recession. A day after the Fed’s policy update, the widely followed spread between […]
Shares of Mondelez International Inc. MDLZ, +1.28% fell nearly 2% in the extended session Thursday after the snacks and candy giant posted mixed quarterly results. Mondelez said it earned $1 billion, or 71 cents a share, in the quarter, compared with $1.2 billion, or 80 cents a share, in the year-ago period. Adjusted for one-time […]
Home Depot Inc. HD, -0.24% said late Thursday that Ted Decker has been named its chief executive and president, effective March 1. Decker also has been elected to the company’s board of directors. Chief Executive and Chairman Craig Menear will continue to serve as chair of the board, the retailer said. Shares of Home Depot […]
Biogen Inc. BIIB, -0.30% shares jumped in after-hours trading Thursday following an announcement that it is selling its part of a joint venture to Samsung Electronics Co. Ltd. 005930, +1.82% Biogen has been working with Samsung Bioepis since 2012, according to a news release, and will sell its equity stake in the bio-similars venture to […]
U.S. Steel Corp. X, -0.11% shares rose nearly 2% in the extended session Thursday after the steel producer posted quarterly sales above Wall Street expectations. U.S. Steel said it earned $1.1 billion, or $3.75 a share, in the quarter, compared with $49 million, or 22 cents a share, in the year-ago period. Adjusted for one-time […]
Stocks ended lower Thursday, giving up strong early gains in another whipsaw trading session. The Dow Jones Industrial Average DJIA, -0.02% lost around 7 points, or less than 0.1%, to close near 34,161, according to preliminary figures, after rising more than 600 points in earlier action. The S&P 500 SPX, -0.54% fell around 23 points, […]
Gold prices fell sharply on Thursday to settle below the key $1,800 mark for the first time in nearly three weeks, pressured by strength in the U.S. dollar which followed indications from the Federal Reserve that it plans to raise interest rates as soon as March. February gold GCG22, -1.98% lost $36.60, or 2%, to […]
Shares of 1-800-Flowers.com Inc. FLWS, -28.30% sank 26% in Thursday trading after the gifts retailer reported a fiscal second-quarter profit that missed expectations and gave weak full-year guidance. Net income totaled $88.5 million, or $1.34 per share, down from $113.7 million, or $1.71 per share, last year. The FactSet consensus was for $1.79. Revenue totaled […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 219 billion cubic feet for the week ended Jan. 21. IHS Markit had forecast a decline of 209 billion cubic feet. Total stocks now stand at 2.591 trillion cubic feet, down 308 billion cubic feet from a year ago and 25 […]
Lowe’s Cos. LOW, -0.83% and Petco Health & Wellness Co. Inc WOOF, -2.30% have partnered for a store-in-store pilot that will bring Petco pet supplies and services to Lowe’s customers. The companies announced Thursday that the first Lowe’s + Petco store-in-store will launch in Alamo Ranch, Tex. in early February, with 14 additional locations coming […]