Tag: Marketwatch

A widely followed indicator of the economic outlook briefly flashed a recession warning on Tuesday as fears of a downturn continued to grip markets. The spread between 2- TMUBMUSD02Y, 2.812% and 10-year yields TMUBMUSD10Y, 2.828% briefly fell below zero Tuesday morning for the first time since June 14, driven by a bigger decline in the […]

The Dow Jones Industrial Average’s DJIA, +1.05% early selloff Tuesday is unanimous, as the stocks of all 30 of the blue-chip barometer’s components are trading lower in the premarket. Dow futures YM00, -1.06% sank 327 points, or 1.1%, ahead of the open. Among the biggest early decliners, shares of Caterpillar Inc. CAT, -0.26% slid 1.8%, […]

Amid growing optimism of easing COVID-19 restrictions in Asia, which have been particularly strict given China’s zero-COVID policy, the seven-day average of hospitalizations slipped for the first time since mid-April and new cases also dipped. The daily average of new COVID-19 cases fell to 105,754 on Monday from 113,235 on Sunday, but was still up […]

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

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 U.S.-listed shares of Li Auto Inc. LI, -1.59% rose 1.5% in premarket trading Friday, after the China-based electric vehicle maker reported a more than 63% jump in second-quarter deliveries. The company said it delivered 13,024 Li ONEs in June, up 68.9% from a year ago, after delivering 11,496 Li ONEs in May. The company […]

The U.S.-listed shares of NIO Inc. NIO, -1.66% jumped 2.4% in premarket trading Friday, after the China-based electric vehicle maker reported June deliveries that rose sharply from last month and from a last year. The company said it delivered 12,961 vehicles in June, up 84.5% from May and 60.3% more than the same period a […]

The U.S.-listed shares of XPeng Inc. XPEV, -4.60% surged 2.1% in premarket trading Friday, after the China-based electric vehicle maker reported big jumps in June deliveries from a month ago and from last year. The company also said it expect to begin accepting pre-orders for its G9 sports utility vehicle in August, ahead of an […]

Private cannabis company Tyson 2.0 said Thursday it closed an oversubscribed, $9 million round of Series A financing led by JW Asset Management, with investments from K2, Ambria Capital, Tress Capital, and Patrick Carroll. The investment round for the cannabis company named after widely known boxing champ Mike Tyson comes after its launch last year. […]

Kohl’s Corp. KSS, -19.64% announced Friday that takeover talks with Franchise Group have ended without a deal. Franchise Group FRG, -7.47% was the top bidder at $60 per share after Kohl’s engaged with 25 companies. “Despite a concerted effort on both sides, the current financing and retail environment created significant obstacles to reaching an acceptable […]