Tag: Marketwatch
Oil futures settled higher on Tuesday, with prices recovering what they lost a day earlier and then some. “Oil prices, in the short term, are locked in a bit of a trading range,” said Phil Flynn, senior market analyst at The Price Futures Group. “We are still in shoulder season and we’re still being influenced […]
Shares of American Electric Power Co. Inc. AE, +1.93% ] rose 1.3% in midday trading Tuesday, after the electricity transmission company raised its quarterly dividend by 6.4%, to 83 cents a share from 78 cents. The new dividend is payable Dec. 9 to shareholders of record on Nov. 10. Based on current stock prices, the […]
Traders are pricing in a better-than-even likelihood that the Federal Reserve will back away from an aggressive, 75-basis point rate hike for December. They now see a 52% chance of a 50-basis-point rate hike by the Fed at its final meeting of the year, and just a 46% likelihood of a 75-basis-point move, according to […]
Shares of Nio Inc. NIO, +2.64% bounced 1.5% in premarket trading Tuesday, after suffering in the previous session the worst selloff since March 2020 in the wake of China President Xi Jinping’s moves to consolidate power. The China-based electric vehicle maker’s stock had tumbled 15.7% on Monday, to the first close below the $10 mark […]
Halliburton Co. stock HAL, +2.07% rose 1.8% in premarket trade Tuesday, after the energy services company posted better-than-expected earnings for the third quarter. Halliburton had net income of $544 million, or 60 cents a share, for the quarter, up from $236 million, or 26 cents a share, in the year-earlier period. Revenue rose to $5.357 […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
The Securities and Exchange Commission charged cannabis company Cronos Group Inc. CRON, with accounting misconduct and former chief commercial officer William Hilson with fraud and abetting the company’s violations, the regulator said Monday.The SEC said that in three separate quarters between 2019 and 2021, Cronos submitted financial statements with material accounting errors. It also alleged […]
U.S. stocks advanced on Monday, adding to their gains after the best week for at least two of the three major indexes — the S&P 500 and the Dow — since June. The S&P 500 SPX, +1.19% finished 44.59 points, or 1.2%, higher at 3,797.34. The Dow Jones Industrial Average DJIA, +0.54% rose 417.06 points, […]
Oil futures settled lower on Monday, as lackluster import data from China and the conclusion of the Communist party’s national congress helped to dull expectations for energy demand from the world’s second largest oil consumer. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22, -0.28% fell 47 cents, or nearly 0.6%, to settle at […]
Shares of Chesapeake Energy Corp. CHK, +0.85% edged up 0.1% in morning trading Monday, after S&P Global Ratings raised its rating on the oil and gas exploration company’s credit, citing a “favorable operational and financial track record” since merging from bankruptcy early last year. The rating moved up one notch to BB from BB-, but […]
