Stocks are near their lows of the day with 1 hour left in Friday trading
Stocks are near their lows of the day with 1 hour left in Friday trading
Stocks are near their lows of the day with 1 hour left in Friday trading
Oil prices finished lower on Friday, but scored a fifth consecutive weekly rise. "Crude prices may not have a one-way ticket to $100 oil, but the supply-side fundamentals certainly support that could happen by the summer," said Edward Moya, senior market analyst at OANDA. "The next few trading sessions could be difficult for energy traders as oil prices may move more so on investor positioning ahead of Wednesday's FOMC policy decision and over a handful of brewing geopolitical risks, that include Russia-Ukraine tensions... Читать дальше...
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
Gold futures fell on Friday amid declines in most asset classes, but still tallied a gain for a second straight week after settling Wednesday at their highest in two months. "While the precious metal markets are likely overbought from significant gains earlier this week, and due some corrective action, we blame big picture risk off psychology," analyst at Zaner wrote in a daily report Friday. "Not only has the tensions between Russia and the rest of the world undermined sentiment, but U.S. corporate... Читать дальше...
Google parent Alphabet Inc. filed a motion in federal court in New York Friday asking the court to dismiss Texas Attorney General Ken Paxton's antitrust lawsuit over Google's ad tech products. "This lawsuit has now been rewritten three times. With each version, AG Paxton follows the same pattern: make inaccurate and inflammatory allegations, publicize them widely, and repeat. This playbook may generate attention, but it doesn't make for a credible antitrust lawsuit," Google said in a blog post. Читать дальше...
Google parent Alphabet Inc. and Epic Games Inc. have agreed to start their antitrust lawsuit in late January 2023, according to a filing in federal court in Northern California last week. Epic, the maker of the popular Fortnite game, is suing Google over alleged antitrust violations after Fortnite was dropped from the both the Google Play Store and Apple Inc.'s App Store in August 2020. Epic and Apple went to court last year, a split decision of sorts that has been appealed by both companies.
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President Joe Biden on Friday pressed lawmakers to pass what's known as the CHIPS Act, which would provide $52 billion to boost U.S. semiconductor production. Speaking at the White House alongside Intel CEO Pat Gelsinger, Biden hailed the company's plans to invest more than $20 billion to build the world’s largest chip-manufacturing site in Ohio. Biden, however, said the U.S. produces barely 10% of computer chips and that Friday's announcement is "just the beginning."
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Shares of Moderna Inc. slumped 2.3% toward an eight-month low in morning trading Friday, and have tumbled 26.5% amid a six-day losing streak, enough for formerly bearish BofA Securities analyst Geoff Meacham to say investors should stop selling the biotechnology company. Meacham raised his rating to neutral from underperform, and lifted his stock price target to $180 from $135. Meacham said he has been bearish on Moderna for some time because of "overly optimistic" Wall Street assumptions on COVID-19 boosters... Читать дальше...
Dow industrials overcome early selling pressure to assemble triple-digit advance
Emmy-winning comedian Louie Anderson has died of cancer
Every member of U.S. team has been vaccinated ahead of Winter Olympics: USOPC
Secretary of State Antony Blinken says the U.S. will formally address the Kremlin’s claims that Western powers threaten Russian security.
Oil futures fall Friday, down a second session in a row from the more than seven-year highs set earlier in the week, after a rise in U.S. crude inventories and a continued selloff in stocks that weighed on overall sentiment.
Investors tracked losses across Asia and Wall Street, which suffered a late selloff, led by tech.
International Business Machines Corp. will sell assets from its Watson Health business to an investment firm as it continues to refocus its business.
U.S. leading economic indicators point upward even as omicron dents economy
U.S. stocks lower early Friday with Netflix's skid dragging on the Nasdaq
The U.S. leading index rose a solid 0.8% in December, signaling steady growth even as the record spread of the omicron virus nibbled at the edges of the economy.
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
Stock indexes mostly drop early Friday, as Netflix Inc. shares weigh on sentiment that has already been rattled by a series of whipsaw sessions on Wall Street.
As Peloton Interactive Inc. pushed back against media reports suggesting dramatic cuts to production and staffing, at least one analyst joined in countering the extremely negative sentiment surrounding the maker of connected fitness equipment.
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