Tag: Marketwatch

“Staggering.” “Ugly.” “Brutal.” And …. “out-of-date.” Those are some of the words that investors, analysts — and even President Joe Biden — used to sum up the June consumer price index report released on Wednesday. The report produced a 9.1% annual headline rate, an almost 41-year high, that surprised financial markets by coming in even […]

The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 3.3 million barrels for the week ended July 8. On average, analysts expected an increase of 1.4 million barrels, according to a poll conducted by S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported a 4.8 million-barrel increase, according to […]

Insurance broker Marsh McLennan said Wednesday its board has approved a 10.3% hike in its quarterly cash dividend to 59 cents a share from 53.50. The new dividend is payable Aug. 15 to shareholders of record as of July 28. Shares were slightly lower premarket and are down 12% in the year to date, while […]

Shares of Delta Air Lines Inc. DAL, +6.15% dropped 1.2% in premarket trading Wednesday, after the air carrier reported second-quarter profit that fell well short of expectations but revenue that rose above pre-pandemic levels to beat forecasts. Net income of $735 million, or $1.15 a share, was down from $1.44 billion, or $2.21 a share, […]

Gold futures posted a loss for a second straight session on Tuesday, holding ground at their lowest finish since late September of last year. “The precious metal has been smothered by an appreciating dollar and expectations over the [Federal Reserve] maintaining an aggressive stance towards higher interest rates,” said Lukman Otunuga, manager, market analysis at […]

Oil futures fell sharply on Tuesday, with U.S. benchmark crude prices back below $100 a barrel and settling at their lowest since April. “Barring a major supply disruption, oil looks like it is going to trade sub-$100 for a while until the crude demand outlook improves,” said Edward Moya, senior market analyst at OANDA. West […]

Alphabet Inc.’s Google GOOGL, -1.43% GOOG, -1.44% has countersued Match Group Inc. MTCH, -1.44% for breach of contract, and wants the dating-app company banned from its Google Play app store. The suit, filed Monday in U.S. District Court for the Northern District of California, alleges Match intentionally breached the developer-distribution agreement it signed by using […]

Stocks ended lower Tuesday, losing ground in afternoon trade as investors appeared reluctant to hold equities ahead of the release of an eagerly anticipated June consumer price index reading. The CPI is expected to show a large 1.1% jump in June when the report is released at 8:30 a.m. ET Wednesday. The increase in inflation […]

Joining a long list of tech firms, Alphabet Inc.’s GOOGL, -1.43% GOOG, -1.44% Google intends to reduce hiring for the rest of 2022 with the threat of recession, company Chief Executive Sundar Pichai said in an email to staff Tuesday. “Moving forward, we need to be more entrepreneurial, working with greater urgency, sharper focus, and […]

StitchFix Inc. SFIX, -0.39% stock got a quick fix late Tuesday after Benchmark Capital’s Bill Gurley reported buying a million shares of the stock. StitchFix shares rallied 8% after hours, following a 0.4% decline in the regular session to close at $5.14. Gurley paid an average weighted price of $5.43 a share for StitchFix on […]