Tag: Marketwatch

The ODP Corp. ODP, +3.13% said Friday its board has decided to delay its plan to split into two companies to give it time to evaluate the potential sale of its consumer business. The office supplies retailer approved a plan for a tax-free spin off to its shareholders last May that would separate ODP from […]

Citigroup Inc. C, -1.25% said Friday its fourth-quarter net income fell to $3.17 billion, or $1.46 a share, from $4.3 billion, or $1.92 a share, in the year-ago period. Revenue increased to $17 billion from $16.8 billion. The New York-based bank beat the Wall Street targets of $1.39 in earnings on revenue of $16.85 billion, […]

Vail Resorts Inc. MTN, +2.12% said Friday that total skier visits at its North American resorts were down 1.7% in the season through Jan. 2, compared to the prior-year period and down 18.3% compared to the fiscal year 2020 season-to-date period, before the start of the pandemic. The ski resort operator said season-to-date total lift […]

The numbers: Sales at U.S. retailers such as Target and Amazon sank 1.9% in December — the biggest drop in 10 months — as the omicron variant of coronavirus spread like wildfire and shoppers confronted higher prices and shortages of some popular products. Economists polled by The Wall Street Journal had forecast a 0.1% decline […]

Shares of J.P. Morgan Chase & Co. JPM, -6.15% were the worst premarket performer of the Dow Jones Industrial Average’s DJIA, -0.56% components, as they dropped 4.3% following disappointing fourth-quarter results. The implied price decline would shave about 47 points off the Dow’s price, while Dow futures YM00, +0.15% slumped 249 points, or 0.7%, ahead […]

U.S. import prices slid 0.2% in December to mark the first decline in five months, largely because the cost of oil fell. Excluding fuel, import prices rose 0.5% in December. Import prices rose 10.4% in 2021 and contributed to the biggest increase in U.S. inflation in almost 40 years. Prices started to level off toward […]

U.S. stocks opened lower Friday, under pressure after a much weaker-than-expected reading on December retail sales and earnings from major banks. The Dow Jones Industrial Average DJIA, -0.56% fell 400 points, or 1.1%, to 35,714, while the S&P 500 SPX, +0.08% dropped 0.8% to 4,624. The Nasdaq Composite COMP, +0.59% was down 0.5% at 14,739. […]

The numbers: A survey of American consumer sentiment fell to 68.8 in January from 70.6 in the prior month owing to fresh worries about the coronavirus omicron variant and high inflation, signaling another rough patch for the economy. The latest reading in the University of Michigan sentiment index was the second lowest in the past […]

U.S. business inventories jumped 1.2% in November, the government said Friday. Sales rose 0.7% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, rose to 1.25 from 1.24. That’s how many months it would take to […]

Analysts at RBC Capital Markets have downgraded their rating on Ford Motor Co. F, +0.68% stock to the equivalent of hold, saying in a note late Thursday that despite their belief that the auto maker’s turnaround is “well underway” and Ford can continue to transition toward a future dominated by electric vehicles, autonomous vehicles, and […]