Tag: Marketwatch

Del Taco Restaurants Inc. TACO, +0.40% launched its new value menu of food and beverages, “20 Under $2” on Wednesday. The menu includes new items like the Chipotle Chicken Taco, Snack Queso Quesadilla and Strawberry Sprite. “We know our guests are concerned about rising gasoline prices and overall inflation, and that’s why we think this […]

Shares of FuelCell Energy Inc. FCEL, -9.52% sank 8.8% in afternoon trading Wednesday, to lead its fuel cell peers in losses, after a relatively tepid endorsement of the fuel cell company by KeyBanc Capital analyst Leo Mariani, who cited smaller revenue and less visibility on near-term growth compared with its peers. And while Mariani is […]

Facebook parent Meta Platforms Inc. FB, -3.67% has ceased development of a new VR/AR software operating system that employed more than 300 after four years, The Information reported Wednesday. The move could greatly impact Meta’s ability to pivot to becoming a major metaverse player. Meta quickly issued a statement via Gabriel Aul, its vice president […]

Major U.S. stock benchmarks ended sharply lower Wednesday, with the tech-heavy Nasdaq Composite index suffering the steepest decline, after the Federal Reserve released minutes of its December meeting that showed officials eyeing potentially faster and earlier rate hikes amid high inflation. The Nasdaq COMP, -3.34% dropped about 3.3%, the S&P 500 SPX, -1.94% fell about […]

Hasbro Inc. HAS, -0.58% said late Wednesday its board appointed Chris Cocks as chief executive and named him as a board member effective Feb. 25. Cocks currently serves as president and chief operating officer Hasbro’s Wizards of the Coast and Digital Gaming division, and replaces Brian Goldner, who died in October. Cocks has served in […]

Oil prices finished with a gain on Wednesday after the Energy Information Administration reported a sixth straight weekly decline in U.S. crude inventories. The EIA report, however, highlighted a sharp decline in oil exports and refined product demand in the U.S., “as the normal seasonal decline in demand during the holiday week was exacerbated by […]

Wells Fargo & Co. WFC, +0.09% Chief Risk Officer Amanda Norton will retire from the bank in June after about four years in the post, according to reports on Tuesday. Norton, 55, joined Wells Fargo in 2018. Wells Fargo plans to name a replacement in the next few weeks, according to reports by The Wall […]

The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 2.1 million barrels for the week ended Dec. 31. On average, analysts had forecast a fall of 4.4 million barrels, according to a poll conducted by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 6.4 million-barrel decline, according to […]

Trade show producer Emerald Holding Inc. EEX, +2.99% has completed a $120 million acquisition of cannabis events and media company MJBiz, the company said on Tuesday. MJBiz runs MJBizCon, a trade show in Las Vegas that drew 27,000 people in October. MJBiz generated $13.7 million in Ebitda and revenue of $27 million in 2021. It […]

There is still no peak in sight for the omicron variant, as the daily averages for cases, hospitalizations and deaths all rose, with hospitalizations climbing above 100,000 a day to the highest level since last January. The seven-day average of new COVID-19 cases spiked to 547,613 on Tuesday, up from 486,889 on Monday, up 254% […]