Tag: Marketwatch

U.S. stocks closed higher on Thursday, with the S&P 500 and Nasdaq Composite clinching a fourth straight day of gains, as investors reacted to a recent drop in commodity prices. The S&P 500 SPX, +1.50% rose 57.54 points, or 1.5%, to close at 3,902.61. The Nasdaq Composite COMP, +2.28% gained 259.49 points, or 2.3%, to […]

Levi Strauss & Co. LEVI, +3.86% shares rose more than 3% in the extended session Thursday after the retailer reported second-quarter earnings above Wall Street expectations, thanks in part to online sales. Levi Strauss said it earned $50 million, or 12 cents a share, compared with $65 million, or 23 cents a share, in the […]

Published: July 7, 2022 at 4:52 p.m. ET Re/Max Holdings Inc. said late Thursday it expects to cut its workforce by about 17% by the end of the year, mostly technology positions, as the real-estate company outsources some of its technology needs. Re/Max said it is entering a relationship with Inside Real Estate, the developers […]

Valero Energy Corp. said late Thursday its board has approved a new share buyback authorization of up to $2.5 billion, which replaces a previous authorization announced in January 2018. The refiner said it has bought about 45.4 million shares of its stock since that year. Valero shares rose 0.7% in the extended session Thursday after […]

Oil futures settled higher on Thursday, marking a partial rebound from two consecutive sessions of declines, with U.S. prices climbing back above $100 a barrel. The climb in oil came on the back of a nearly 6% rise in gasoline futures. The Energy Information Administration data showed a healthy rebound in gasoline demand, “easing some […]

Grove Collaborative Holdings Inc. GROV, +82.50% announced expanded store distribution at three retailers, Kohl’s KSS, +3.29%, Giant Eagle and Meijer, sending shares soaring 52% in Thursday trading. Grove Collaborative is a sustainable consumer products brand that is committed to being 100% plastic-free by 2025. Launched in 2016, the company began trading on the New York […]

Published: July 7, 2022 at 11:11 a.m. ET The Energy Information Administration on Thursday reported that U.S. crude inventories climbed by 8.2 million barrels for the week ended July 1. On average, analysts expected a fall of 1.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. Data were delayed by a […]

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

U.K. Boris Johnson on Thursday said he would step down in a defiant address in which he talked of his administration’s achievements and noted his standings in the polls despite a difficult economic backdrop. “When the herd moves, it moves,” said Johnson of his fellow Conservative parliamentary members. He thanked voters for an “incredible mandate” […]

The British pound rose early Thursday as the BBC and other U.K. media reported that Prime Minister Boris Johnson is expected to resign imminently. The pound GBPUSD, +0.56% rose 0.4% to $1.1978, in a week that has thus far seen dozens of Conservative cabinet members resign in protest over Johnson’s flip-flopping around a sexual harrassment […]