Tag: Marketwatch

U.S. Energy Secretary Jennifer Granholm didn’t rule out banning fuel exports as she took questions from reporters during a briefing on Wednesday. President Joe Biden is “not proposing that at this moment, but he’s not willing to take tools off the table,” said Granholm, who is slated to meet with major U.S. refiners on Thursday. […]

The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 5.6 million barrels for the week ended June 17, according to sources. The API, which released its data a day later than usual because of Monday’s Juneteenth holiday, also reportedly showed a weekly inventory climb of 1.2 million barrels for gasoline, while […]

Red Robin Gourmet Burgers Inc. RRGB, +5.26% said late Wednesday that Chief Executive Officer Paul Murphy will retire at the end of the year, when his employment agreement expires. Murphy will assist the fast-casual restaurant chain’s board in the search for a new CEO and will remain as a special adviser until the end of […]

U.S. stocks finished slightly lower on Wednesday after erasing their gains from earlier in the day during the final hour of trading. The Dow Jones Industrial Average DJIA, -0.15% finished 48.37 points, or 0.2%, lower at 30,481.80 after the Dow climbed more than 240 points earlier in the session. The S&P 500 SPX, -0.13% closed […]

Read Next Tesla stock selloff created ‘generational’ investment opportunity, analyst says The recent selloff in Tesla Inc.’s stock undefined has created a “generational investment opportunity” in one of the most compelling growth stories, said CFRA analyst Garrett Nelson, as he believes the electric vehicle market leader has long-term potential similar to technology disruptors such as […]

Altria Inc. shares MO, -8.61% slid 8.6% Wednesday, after a report that the Food and Drug Administration is preparing to order Juul Labs Inc. to take its e-cigarettes off the U.S. market. The report by the Wall Street Journal cited people familiar with the matter who said the decision could come as early as Wednesday. […]

The Federal Reserve should make sure that its rate increases do not push Americans into the unemployment lines, said Sen. Elizabeth Warren, the Democrat from Massachusetts, on Wednesday. “Inflation is like an illness, and medicine needs to be tailored to the specific problem. Otherwise you could make things a lot worse,” Warren told Fed Chairman […]

Shares of Athira Pharma Inc. ATHA, -1.74% tumbled 68.0% in premarket trading on Wednesday after the company said an exploratory Phase 2 study assessing its experimental treatment for patients with mild-to-moderate Alzheimer’s disease did not meet the primary endpoint. “We are in the fortuitous situation that we have a much larger trial ongoing with more […]

COVID cases are surging again in Europe and experts are warning that with nearly all restrictions lifted but booster take-up low, the continent could see a steep summer increase, the Guardian reported. The BA.4 and BA.5 subvariants of omicron are believed to be partly to blame as they appear 10% to 15% more infectious than […]

Read Next Kellogg announces plan to split into three separate businesses Kellogg Co. undefined shares jumped 8.1% in Tuesday premarket trading after the food company announced a plan to split into three businesses: “Global Snacking Co.,” which will represent about $11.4 billion in sales and include international cereal and noodles, North American frozen breakfast, as […]