Tag: stock market

WASHINGTON (MarketWatch) – Democratic presidential candidate Sen. Bernie Sanders of Vermonttold the New York Times in an interview Wednesday that he would lay off “hundreds” of campaign staffers across the country. Sanders said he will devote most of his energies to winning California. He said he plans to remain in the race through the party’s summer convention and hoped to bring staff members back on board if he could.

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

WASHINGTON (MarketWatch) – Democratic presidential candidate Sen. Bernie Sanders of Vermonttold the New York Times in an interview Wednesday that he would lay off “hundreds” of campaign staffers across the country. Sanders said he will devote most of his energies to winning California. He said he plans to remain in the race through the party’s summer convention and hoped to bring staff members back on board if he could.

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

WASHINGTON (MarketWatch) – Democratic presidential candidate Sen. Bernie Sanders of Vermonttold the New York Times in an interview Wednesday that he would lay off “hundreds” of campaign staffers across the country. Sanders said he will devote most of his energies to winning California. He said he plans to remain in the race through the party’s summer convention and hoped to bring staff members back on board if he could.

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

Poultry producer Pilgrim’s Pride Corp. said Wednesday its board of directors has approved a special cash dividend of $2.75 a share payable on May 18 to shareholders of record on May 10. The decision is “a reflection of the successes” the company has had over the past five years, Pilgrim’s Pride said. Shares of Pilgrim’s Pride rose 3.2% in late trading after ending the regular trading session down 0.5%.

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

The dollar briefly strengthened against its main rivals Wednesday after one member of the Federal Reserve’s policy setting committee voted to raise interest rates, but quickly pared its gains. The euro briefly broke below $1.13 after the release of the Fed’s policy statement, from $1.1340 shortly beforehand. But the greenback turned lower again as investors judged there wasn’t enough support in the statement to significantly increase the likelihood of an interest rate hike at the central bank’s June meeting. The dollar recently bought 111.54 yen, compared with 111.33 late Tuesday. The euro traded at $1.13, little-changed on the day. The pound traded at $1.4526, compared with $1.4579 late Tuesday.

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 held ground near $1,250 an ounce in electronic trading Wednesday, while oil futures on the New York Mercantile Exchange extended their gains following the Federal Open Market Committee’s monetary policy statement. The central bank left interest rates unchanged but didn’t offer any hints about a possible move on interest rates at the next meeting in June. Gold for June delivery was at $1,250.10 an ounce in electronic trading after settling at $1,250.40 ahead of the announcement. June oil was up 98 cents, or 2.2%, to $45.02 on Nymex, ahead of its settlement. It traded at $44.70 shortly before the Fed news.

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

Intellia Therapeutics on Wednesday set the terms for its planned initial public offering, saying it will sell 5 million shares at $16 to $18 a pop. The gene editing company has applied to list its common stock on the Nasdaq exchange under the ticker symbol “NTLA”, it said in a regulatory filing. Credit Suisse, Jefferies, Leerink Partners and Wedbush PacGrow are underwriters on the deal. Intellia focuses on developing proprietary therapeutics using a recently developed biological tool, according to its prospectus.

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

TrueCar Inc. said Wednesday that April car sales are set to rise 3.2%, boosted by an early Easter. The car-shopping site said it expects total new vehicle sales to reach 1.5 million units in the month, up 3.2% from a year ago and the best volume month since 2000. The seasonally adjusted annualized rate for total light vehicle sales is expected to rise to 17.4 million units from 16.8 million a year ago. “April is typically a transitional month wedged between higher-volume March and May, but this year dealerships appear to have benefited from an early Easter that fell in March,” said Eric Lyman, TrueCar’s vice president of industry insights. The biggest sales gain is expected to come from Honda Motor Co., which is on pace for a volume gain of 10.3%, said TrueCar. Nissan is set to take second place with a 9.1% gain, followed by Subaru with an 8.2% 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 Red Rock Resorts Inc. , a casino operator and a rare consumer IPO so far this year, were trading at $18.70 Wednesday, below the company’s IPO issue price of $19.50. Red Rock resorts sold 27.25 million shares to raise about $531 million. The company had previously set a price range for shares between $18 and $21. Deutsche Bank, JPMorgan, Bank of America Merrill Lynch and Goldman Sachs & Co. were the lead underwriters of the offering.

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 pared some of their earlier gains on Wednesday after the U.S. Energy Information Administration reported a 2 million-barrel climb in crude-oil supplies for the week ended April 22. The American Petroleum Institute late Tuesday had reported a 1.1 million-barrel fall, while analysts polled Platts expected an 800,000-barrel increase. Gasoline supplies rose 1.6 million barrels, while distillate stockpiles fell by 1.7 million barrels last week, according to the EIA. June crude was at $$44.46 a barrel on the New York Mercantile Exchange, up 42 cents, or 1%. Prices traded at $44.84 before the 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