Tag: Marketwatch

Shares of General Motors Co. GM, +7.47% surged 5.1% in morning trading Tuesday toward a six-week high, after the auto maker said it the semiconductor supply issues that have plagued the auto industry improved during the fourth quarter. The company said it delivered 440,745 vehicles in the fourth quarter, down 43% from a year ago, […]

Shares of Toyota Motor Corp TM, +6.92% hiked up 5.0% into record territory, after the Japan-based auto industry giant said Toyota Motor North American (TMNA) recorded December sales of 174,115 vehicles, down 30% on a volume basis from a year ago, but 10% growth in 2021 sales to 2.33 million vehicles. The company said in […]

The Centers for Disease Control and Prevention now says that the omicron variant is estimated to make up 95% of all COVID-19 cases in the U.S. for the week ending Jan. 1. This is an increase from the week ending Dec. 25, when omicron was estimated to make up 77% of all cases. This is […]

U.S. oil prices climbed by more than 1% on Tuesday after major oil producers known as OPEC+ said they would stick to their plan to raise monthly crude production, as expected, by 400,000 barrels per day in February. For now, the omicron variant is not leading to the same hospitalization rates and death associated with […]

Alphabet Inc.’s GOOGL, -0.41% GOOG, -0.45% Google Cloud on Tuesday said it has acquired cybersecurity specialist Siemplify, a provider of security orchestration, automation, and response technologies. Under the deal, estimated at about $500 million, Siemplify will be folded into the Google Cloud Platform. Google and Siemplify declined to comment on the monetary size of the […]

The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 6.4 million barrels for the week ended Dec. 31, according to sources. The API also reportedly showed weekly inventory increases of 7.1 million barrels for gasoline and 4.3 million barrel for distillates. Crude stocks at the Cushing, Okla., delivery hub rose by […]

Trajector Inc. filed Tuesday to withdraw its previous filing for an initial public offering, “effective immediately.” The Florida-based benefits management software company had filed to go public on Oct. 18, but had not yet determined the number of shares to offer, the expected price of the IPO, the number of shares expected to be outstanding […]

Gold futures rose Tuesday, recouping some of the losses a day earlier that brought prices to their lowest finish in almost two weeks. A sharp rise in Treasury yields which begins to drive real interest rates higher is a “major risk to the gold market,” analysts at Sevens Report Research wrote in Tuesday’s newsletter. For […]

Pfizer Inc. PFE, -2.98% said it will sell an additional 10 million treatment courses of its oral therapy, Paxlovid, to treat COVID-19 to the U.S. government this year. That doubles the total amount of courses contracted by the U.S. government to 20 million, with 10 million courses to be delivered by the end of June […]

Bank stocks were getting a big, broad boost Tuesday with Treasury yields rallying for a second-straight day, as fears that the spike the omicron variant of the coronavirus will hurt the economy continued to fade. The SPDR S&P Bank ETF KBE, +3.27% rallied 2.3% toward a six-week high, with all 93 of its equity components […]