Tag: Marketwatch
U.S. stocks finished sharply higher on Friday, snapping a five-day losing streak thanks in part to stronger-than-expected retail sales data and a moderation in inflation expectations. But Friday’s rally — which marked the best daily performance in three weeks — still wasn’t enough to overcome earlier losses, leaving stocks with a weekly loss. The Dow […]
President Joe Biden on Friday indicated Saudi Arabia would move to boost oil output after a meeting with top officials from the Kingdom in Jeddah, including Crown Prince Mohammed bin Salman. “We had a good discussion on ensuring global energy security and adequate oil supplies to support global economic growth and that will begin shortly,” […]
Published: July 15, 2022 at 4:24 p.m. ET Apple Inc. on Friday asked a federal court to throw out an injunction that would allow developers to bypass Apple’s App Store payment system and avert commission fees, calling it “legally improper.” In Apple’s final filing in an ongoing lawsuit with Epic Games Inc., Apple lawyers there […]
The J.M. Smucker Co. SJM, -0.75% said late Friday that its board of directors has approved a 3% dividend increase to $1.02, from 99 cents a share, to $1.02 a share. The dividend will be paid Sept. 1 to shareholders of record on Aug. 12. , 2022. The maker of Jif peanut butter and other […]
Updates to correct closing price for August WTI futures. Oil futures ended higher Friday, finding support as news reports said U.S. officials were playing down expectations President Joe Biden’s meetings with top Saudi officials, including Crown Prince Mohammed bin Salman, would see Riyadh move to immediately boost crude output. Biden arrived in Jeddah late Friday. […]
Published: July 15, 2022 at 1:21 p.m. ET The U.S.-listed shares of Bavarian Nordic A/S jumped 2.0% in afternoon trading Friday, after the Denmark-based drug maker said the U.S. government has ordered 2.5 million additional doses of liquid-frozen JYNNEOS, the only monkeypox vaccine approved by the U.S. Food and Drug Administration. The new order comes […]
The newly minted U.S.-listed shares of AMTD Digital Inc. HKD, +96.41% soared out of the gate in volatile trading Friday, after the Hong Kong-based digital platform and controlled subsidiary of AMTD IDEA Group AMTD, +7.27% raised $124.8 million through its initial public offering. The company said Friday that it sold 16.0 million American depositary shares […]
Stifel has cut eBay Inc.’s EBAY, +3.16% price target to $60 from $62 amid currency pressures and headwinds in the online marketplace’s international business. “We are leaving our 2Q estimates relatively unchanged, however, due to devaluations of international currencies our estimates decline slightly,” wrote Stifel analyst Scott Devitt, in a note. “Our 2Q GMV estimate […]
The coronavirus pandemic has caused the biggest backslide in childhood vaccinations in about 30 years, the World Health Organization and Unicef said on Friday. “The percentage of children who received three doses of the vaccine against diphtheria, tetanus and pertussis (DTP3) – a marker for immunization coverage within and across countries – fell 5 percentage […]
Senate Majority Leader Chuck Schumer has told senators to expect a preliminary vote next week on a slimmed-down China competition bill that would include $52 billion in incentives and an investment-tax credit for U.S. semiconductor SMH, +2.11% manufacturing, Bloomberg News and other outlets reported Thursday. Earlier this week the Biden administration encouraged Congress to focus […]