Tag: Marketwatch

Moody’s MCO, -0.74% was downgraded to hold from buy at Deutsche Bank as part of a broader look at information services companies after earnings season. The broker left its price target on Moody’s unchanged, but said its price target represents a 60% premium to market multiples, while historically Moody’s trades at a 30% premium. Moody’s […]

Shares of Occidental Petroleum Corp. OXY, +3.95% rallied 3.6% in afternoon trading Tuesday, enough to pace the S&P 500’s SPX, -0.42% energy sector gainers, after the oil and natural gas company disclosed that Warren Buffett’s Berkshire Hathaway Inc. BRK.B, +0.15% boosted its stake in Occidental to more than 20%. Occidental disclosed in a late-Monday filing […]

Published: Aug. 9, 2022 at 3:20 p.m. ET President Joe Biden was not aware that the FBI would search former President Donald Trump’s Mar-a-Lago home in Florida late Monday, White House press secretary Karine Jean-Pierre said on Tuesday. “No one at the White House was given a heads-up,” she told reporters during a press briefing. […]

U.S. stocks finished lower Tuesday, with the Nasdaq Composite leading the way down, as investors await a fresh inflation report to help gauge if the Federal Reserve’s aggressive pace of rate hikes in 2022 has begun to cool the cost of living, pegged at a 41-year high in June. The Dow Jones Industrial Average DJIA, […]

The Food and Drug Administration granted an emergency authorization that allows healthcare providers to give out the Jynneos monkeypox vaccine to adults intradermally instead of subcutaneously. Injecting the vaccine into an upper layer of the skin is expected to allow more doses of the vaccine developed by Bavarian Nordic BVNRY, -5.97% to be made available […]

Shares of The RealReal Inc. REAL, -15.51% were sinking more than 11% in after-hours trading Tuesday after the luxury-goods reseller cut its forecast for the full year. The company posted a second-quarter net loss of $53.2 million, or 56 cents a share, compared with a loss of $71 million, or 78 cents a share, in […]

Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile […]

William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch

Avaya Holdings Corp. AVYA, -37.89% shares plunged 37.5% Tuesday after the business communication company reported a third-quarter loss amid attempts to fix what new CEO Alan Masarek describes as “operational and executional shortcomings” set against the backdrop of a volatile economy. The company’s stock closed Monday’s session up 17.2% at $1.12. Avaya reported third-quarter sales […]

The number of homes in the U.S. that have been listed for sale for 30 days or longer without going under contract in July jumped 12.5% from the same period a year ago, according to online real estate services company Redfin Corp. That’s the second-biggest jump for monthly “stale” listings on record, which goes back […]