Tag: Marketwatch

Shares of Delta Air Lines Inc. DAL, -1.50% rallied 2.1% in premarket trading Thursday, after the air carrier reported fourth-quarter adjusted profit and revenue that beat expectations, as December revenue has recovered to nearly 80% of 2019 levels. The net loss was $408 million, or 64 cents a share, compared with net income of $1.1 […]

Nucor Corp. NUE, +3.50% said Wednesday it has selected Mason County, West Virginia as the site of its new sheet mill, which the steel maker said will have about 800 full-time employees. West Virginia won out over other locations evaluated by the company in Pennsylvania and Ohio. As previously announced in September, the company said […]

An analysis of U-Haul rental rates suggests the migration trends to Southeast cities, Texas and Florida has continued in January and is broad based, according to analyst Rafe Jadrosich at BofA Securities. Jadrosich said he believes higher U-Haul rental rates for one-way routes compared with different routes with the same mileage, such as reverse moves, […]

The House panel probing the insurrection at the U.S. Capitol requested an interview and records from House Minority Leader Kevin McCarthy on Wednesday, reports said. The California Republican is a top ally of former President Donald Trump. Mississippi Rep. Bennie Thompson, Democratic chairman of the panel, requested that McCarthy provide information to the panel regarding […]

Top White House economic adviser Brian Deese on Wednesday addressed new data that showed inflation at a nearly 40-year high, telling reporters that increasing prices are a “global phenomenon” that’s connected to the COVID-19 pandemic. Deese, director of the National Economic Council, said the unique strength of the U.S. economic recovery makes the nation “well-positioned […]

Shares of KB Home KB, +2.79% rose more than 3% in the extended session Wednesday after the home builder reported fourth-quarter profit above expectations and sales that matched forecasts, saying it had to meet “healthy demand” for housing amid “extremely challenging” operating conditions. KB Home said it earned $174 million, or $1.91 a share, in […]

Oil prices climbed Wednesday to their highest settlement in about two months after the Energy Information Administration reported a weekly decline of 4.6 million barrels in U.S. crude inventories to 413.3 million barrels – the lowest since 2018. A larger-than-expected draw in U.S. crude-oil supplies coupled with a large draw at the Cushing, Okla., delivery […]

Raymond James Financial Inc. RJF, +0.82% disclosed Wednesday its proxy statement covering fiscal 2021, showing that Chief Executive Paul Reilly got a near $1.5 billion boost to total compensation following a record year financially for the financial services company. Reilly’s total compensation increased to $13.91 million in fiscal 2021, which ended September, from $12.45 million […]

The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 4.6 million barrels for the week ended Jan. 7. On average, analysts had forecast a fall of 1.6 million barrels, according to a poll conducted by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 1.1 million-barrel decline, according to […]

Shares of Hyzon Motors Inc. HYZN, +8.96%, a supplier of hydrogen-powered commercial vehicles, fell 16% in premarket trading Wednesday, after the company disclosed a regulatory subpoena stemming from a short-selling report. The company said the Securities and Exchange Commission has subpoenaed certain documents and information relating to allegations made by Blue Orca Capital, and said […]