Tag: Marketwatch
Losses in the U.S. stock market have steepened in the final hour of trading on Friday, with the Dow Jones Industrial Average DJIA, -3.03% down more than 880 points as investors digest hawkish remarks made by Federal Reserve Chair Jerome Powell this morning at the Jackson Hole economic symposium. The Dow was down around 2.7% […]
Gold futures settled Friday with a loss for the session as well as the week after remarks at the Jackson Hole retreat from Federal Reserve Chairman Jerome Powell pointed to more interest rate hikes as the central bank continues its efforts to tame inflation. It seems that everyone settled on the “‘tighter for longer’ interpretation,” […]
U.S. stocks tumbled Friday to session lows after Federal Reserve Chairman Jerome Powell delivered blunt remarks on the pain the U.S. inflation fight likely will cause households and businesses at the annual Jackson Hole, Wyoming economic summit. The Dow Jones Industrial Average DJIA, -1.94% was down 406 points, or 1.2%, trading near 32,880, while the […]
U.S. stocks opened mixed Friday ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole economic symposium in Wyoming, as investors digested data showing price pressure eased in July. The Dow Jones Industrial Average DJIA, -1.22% was up 0.2% soon after the opening bell, while the S&P 500 SPX, -1.50% rose less than […]
Shares of Electronic Arts Inc. EA, +1.59% soared 14% in premarket trading on Friday following reports that Amazon.com Inc. AMZN, +2.60% is planning to announce a deal to buy the videogame maker. According to USA Today, which broke the news, rumors have been circling online about a potential acquisition for EA, with Amazon, Apple Inc. […]
In a statement to the Hong Kong stock exchange, Chinese electric vehicle maker Nio NIO, +6.41% 9866, +1.39% said an independent review of allegations made by a short-seller that is now substantially complete found they were not substantiated. The brief statement said the review was led by three independent directors with the help of an […]
Open Text Corp. OTEX, +0.08% shares sank 5% in after-hours trading Thursday after the company announced plans to acquire British software company Micro Focus MFGP, +0.97% at a valuation of $6 billion. Open Text said it would pay 532 pence for each share of Micro Focus, roughly double the stock’s closing price on the London […]
The Dow and S&P 500 booked their best day of gains in about two weeks on Thursday as investors looked forward to hearing from the Federal Reserve’s Jerome Powell on Friday at the annual Jackson Hole, Wyo. economic gathering. The Dow Jones Industrial Average DJIA, +0.98% rose about 322 points, or 1%, ending near 33,292, […]
Gold futures ended higher Thursday for a third session in a row, finding support as the U.S. dollar weakened and Treasury yields pulled back ahead of Federal Reserve Jerome Powell’s speech at the Jackson Hole economic symposium Friday. Powell may provide clues on the plan for U.S. interest rates. December gold GCZ22, +0.43% climbed by […]
Aurora Cannabis Inc. ACB, +2.73% ACB, +3.47% said Thursday it agreed to acquire a controlling 50.1% interest in Bevo Agech Inc., the parent of Bevo Farms Ltd., operator of 63 acres of greenhouse facilities in British Columbia with revenue of C$39 million ($30.2 million) in the 12 months ending June 30. The deal includes a […]