Tag: stock market

Alphabet Inc. [s:googl] announced Friday afternoon that it would change the name of its venture-capital arm from Google Capital to CapitalG. Google changed the name of its larger company to Alphabet last year, making that an umbrella name for all of the Web giant’s ventures, though the Google division — which includes search, YouTube and Android, among other large businesses — is still the most important. The Google Capital division is separate from Google in the Alphabet structure. “Though our name has changed, our goal remains the same: to make returns-driven investments in leading companies around the world,” the company said on Twitter in announcing the change. The name change comes with a new website, www.capitalg.com, and new Twitter handle, @capitalgtweets.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Oil production from the Organization of the Petroleum Exporting Countries rose by 300,000 barrels a day in October from a month earlier, to a record 33.54 million barrels a day, according to a S&P Global Platts survey released late Friday afternoon. The increase marked the fifth monthly increase in a row, the survey of OPEC and oil industry officials said. “OPEC’s freeze math has gotten more complicated, as its countries keep pumping more,” Herman Wang, senior writer for S&P Global Platts, said in a statement. December West Texas Intermediate crude traded at $44.12 a barrel in electronic trading, after settling at $44.07, down 59 cents, or 1.3% for the New York Mercantile Exchange session.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Oil futuresfell Friday to tally a weekly decline of 9.5%–their largest such loss since mid-January–with many traders not expecting the Organization of the Petroleum Exporting Countries to successfully reach a pact later this month to curb output. December WTI crude fell 59 cents, or 1.3%, to settle at $44.07 a barrel on the New York Mercantile Exchange. That marked the lowest settlement since Sept. 20, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Gold futures settled with a modest gain on Friday to tally a weekly climb of more than 2% as uncertainty surrounding the U.S. election continued to boost the yellow metal’s appeal as a safe-haven investment. December gold rose $1.20, or less than 0.1%, for the session to settle at $1,304.50 an ounce. For the week, prices rose 2.2%–marking their fourth straight weekly gain.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Shares of Whole Foods Market Inc. spiked higher in midday trade Friday, after Bloomberg reported that a large shareholder was looking to push for sweeping changes at the grocer, including a possible sale of the company. The stock was down 1.5% at about $28.02 around 12:23 p.m. ET, then shot up to a gain of as much as 5.1% at an intraday high of $29.91, before pulling back. It was recently up 1.2%%, on volume that was already more than double the full-day average. The Bloomberg report, citing people with knowledge of the matter, said one of the largest shareholders had met with potential activist investors to discuss the changes, that also included possible management changes, after losing patience with the company’s direction. Whole Foods has missed revenue expectations the last three quarters, and in seven of the last eight, while reporting same-store sales declines the past five quarters, according to FactSet. The stock has tumbled 14% year to date, while the SPDR S&P Retail ETF has lost 4.5% and the S&P 500 has gained 2.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Oil futures continued to decline on Friday after data from Baker Hughes revealed that the number of active U.S. rigs drilling for oil rose by 9 to 450 rigs this week. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 12 to 569, Baker Hughes said. December crude was down 64 cents, or 1.4%, to $44.02 a barrel on the New York Mercantile Exchange, holding near the level it traded at before the rig data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Two former aides to New Jersey Gov. Chris Christie have been found guilty on charges related to lane closures on the George Washington Bridge in September 2013, reports said. Christie himself was not charged with wrongdoing in the lane-closure scandal. Christie dropped out of the race for the Republican nomination in February, after finishing sixth in the New Hampshire primary.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Oil futures extended losses Friday after Reuters, citing an unnamed OPEC official, reported that Saudi Arabia threatened to raise output if Iran refuses to cap its own production. December West Texas Intermediate oil futures on the New York Mercantile Exchange fell 98 cents, or 2.2%, to $43.68 a barrel and were on track for a more than 10% weekly decline.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Zipcar said Friday that it will make over 7,000 vehicles in the U.S. free for its members on Election Night to encourage its members to vote. The car-sharing company, a unit of Avis Budget Group since 2013, said select vehicles will be available for free between 6 p.m. and 10 p.m. local time on Nov. 8 in all of its markets. Reservations can be made starting Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

U.S. stocks opened lower on Friday as investors remained fixated on the U.S. election, despite a solid October jobs report. The S&P 500 index fell 1 point, or less than 0.1%, to 2,087 a day after it posted its eight straight drop, its longest losing streak since October 2008. The Dow Jones Industrial Average opened 10 points, or 0.1%, lower at 17,917. Meanwhile, the Nasdaq Composite Index shed 16 points, or 0.3%, to 5,043. Polls show that Democratic presidential nominee Hillary Clinton’s lead over Republican rival Donald Trump has narrowed in the final days before Americans head to the polls on Nov. 8.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News