Tag: Marketwatch
U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 206 billion cubic feet for the week ended Jan. 14. That compared with the average decline of 193 billion cubic feet forecast by analysts polled by S&P Global Platts, which pegged the five-year average supply fall for the period at 167 billion […]
President Joe Biden on Thursday made an effort to walk back a much-criticized comment that he made the prior day about Russian President Vladimir Putin potentially launching a “minor incursion” targeting Ukraine. “If any assembled Russian units move across the Ukrainian border, that is an invasion,” Biden said Thursday ahead of a meeting on infrastructure. […]
The U.S. is averaging more than 2,000 COVID-19 deaths a day, according to a New York Times tracker, as the highly contagious omicron variant keeps cases and hospitalizations close to record levels. U.S. new cases are averaging 735,652 a day, up 21% from two weeks ago, although cases appear to be peaking in northeastern states […]
Shares of Netflix Inc. NFLX, -21.79% plummeted 19.6% in premarket trading Friday, as the streaming-video service’s disappointing outlook overnight prompted a number of Wall Street analysts to cut their ratings, but at least one analyst said the selloff appears “overcooked.” Benchmark’s Matthew Harrigan, who’s been bearish on Netflix for at least the past two years, […]
Schlumberger Ltd. shares SLB, -1.86% rose 1.4% premarket Friday, after the energy giant beat estimates for the fourth quarter and said it expects demand-led capital spending in the sector to create a multiyear growth cycle. The Houston, Tx.-based company posted net income of $601 million, or 42 cents a share, for the quarter, up from […]
Tempur Sealy International Inc. TPX, -1.73% said Friday that it is launching Sealy Naturals, an eco-friendly line of mattresses. Coming in the summer, the Naturals line is made from responsibly-sourced materials including wool, hemp, organic cotton and natural latex. Prices will start at $3,499 for a queen-sized mattress, which will come in firm, soft and […]
The average monthly mortgage payment in the U.S. in December soared 21.6% from a year ago, the biggest increase since real-estate services company Redfin Corp. RDFN, -4.93% has been keeping records, and are expected to keep rising this year, Redfin said Friday. And monthly average rents in December jumped 14.1% to $1,877, also the biggest […]
Blackstone Inc. BX, -1.60% and Starwood Capital Group have agreed to pay $1.5 billion to jointly acquire 111 properties under the WoodSpring Suites brand from Brookfield Asset Management Inc. BAM, -2.70%, The Wall Street Journal reported Friday. The WoodSpring Suites brand, owned by Choice Hotels International Inc., specializes in guests staying weeks or months. The […]
Huntington Bancshares Inc. HBAN, -8.99% shares fell 4.4% in premarket trades on Friday after the bank missed Wall Street’s earnings target. The Columbus, Ohio financial company said it earned $401 million, or 26 cents a share in the fourth quarter, up from $316 million, or 27 cents a share, in the year-ago quarter. Adjusted earnings […]
Coty Inc. COTY, -2.89% stock rose 1.9% in Friday premarket trading after the beauty company was upgraded to buy from neutral at D.A. Davidson. Analysts maintained their $11.50 price target. D.A. Davidson cites market share gains for the CoverGirl cosmetics brand and Sally Hansen nail brand along with steep share declines since a November meeting […]