Новости за 29.06.2022

Xerox Holdings Corp. on Wednesday announced the death of Chief Executive John Visentin "due to complications from an ongoing illness." Steve Bandrowczak, Xerox's president and chief operations officer, will serve as interim CEO.

RH shares drop 6% in the after-hours session Wednesday after the retailer formerly known as Restoration Hardware dialed down its outlook for the year, saying demand has slowed thanks to a "deteriorating" economy.

Will consumer spending stall and bring down inflation? Or are typical American families really sitting on a pile of cash they'll use to stoke higher prices?

RH stock falls after company slashes forecast for the year

Block Inc. seems positioned to drive more links between its various offerings with a new feature that lets users automatically invest the spare change from Cash Card debit purchases in the stock market or into bitcoin.

U.S. stocks ended near unchanged Wednesday, with the Dow Jones Industrial Average hanging on to a small gain, as investors weighed remarks by Federal Reserve Chair Jerome Powell. The Fed chief, speaking at a central banking conference in Portugal, said that he sees a path back to 2% inflation while sustaining a strong labor market as monetary policy tightens, but warned there was "no guarantee that we can do that." The Dow ended around 81 points higher, up 0.3%, near 31,028, according to preliminary figures. Читать дальше...

Dow ends higher, S&P 500 and Nasdaq edge lower amid fears over slowing economy

Oil futures ended lower on Wednesday, pulling back after posting three consecutive gains, ahead of a meeting of key oil producers Thursday. The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, are expected to confirm an existing agreement to boost production in August. The loss in oil prices came despite data from the Energy Information Administration which revealed declines in U.S. crude inventories in each of the past two weeks. West Texas Intermediate crude for August delivery fell $1.98... Читать дальше...

The experimental shot played a front-and-center role during this week’s debate about how best to update the COVID-19 vaccines to better protect against omicron.

Mark Tritton, who has been ousted as Bed Bath & Beyond Inc.’s CEO after less than three years, faced a hugely challenging set of circumstances at the struggling home retailer, according to Carol Spieckerman, president of retail advisory firm Spieckerman Retail.

Ketanji Brown Jackson will replace him, with her swearing-in date to be determined

How companies help one another to follow our every step -- literally.

Take advantage of a stock market that's now focused on short-term catalysts, not long-term problems.

In a note released on Wednesday, after data showed first-quarter U.S. gross domestic product contracted by more than previously estimated, JPMorgan Chase & Co.'s Bruce Kasman and Joseph Lipton said "it is reasonable to consider the risk that the US and/or global economy slips into recession this year." They said "rising concern about persistent inflation shocks has combined with news of a more aggressive Fed and sliding sentiment to materially shift our views on 2H22 growth." Just a week ago... Читать дальше...

Rental prices have soared this year. U.S. Department of Housing and Urban Development Secretary Marcia Fudge visited one city to see the crisis herself.

Part 2 of Netflix's smash hit has fans abuzz, but there's a lot more on the way, including the action movie 'The Gray Man,' the return of 'What We Do in the Shadows' and the 'Ms. Marvel' season finale.

Gold futures posted a third straight session loss on Wednesday, with prices settling at their lowest in just over two weeks. Strength in the U.S. dollar pressured prices for the precious metal after comments from Federal Reserve Chairman Jerome Powell suggested that the central bank will continue to tightening monetary policy. August gold declined $3.70, or 0.2%, to settle at $1,817.50 an ounce, the lowest most-active contract finish since June 14, FactSet data show.

Equities are limping toward the end of a miserable first half of the year.

Pinterest Inc. is expected to make a deeper push into commerce under its newly named chief executive, a move greeted with some cheers among Wall Street analysts despite a muted stock reaction.

Most Treasury yields eased Wednesday morning as traders parsed data showing U.S. economic growth contracted by a revised 1.6% annual pace.

Public Service Enterprise Group Inc. , also known as PSE&G, said the New Jersey Board of Public Utilities has approved its Infrastructure Advancement Program (IAP), which allows it to invest $511 million over four years to update its distribution systems and improve reliability, "including during extreme weather." The company said its program will create "hundreds of well-paying jobs." PSE&G said the IAP includes modernizing electric circuits, upgrading five electric substations and four... Читать дальше...

As rental prices soar nationwide, the Democratic chair of a House subcommittee called out 'predatory' behavior by institutional investors.

The Energy Information Administration on Wednesday released data showing declines in U.S. crude supplies in the past two weeks. Data covering the week ended June 17, which the EIA had delayed due to "systems issues," revealed a fall to 418.3 million barrels in crude supplies, from 418.7 million barrels the week before, implying a decline of roughly 400,000 barrels. Data covering the week ended June 24 showed a fall of 2.8 million barrels to 415.6 million barrels, compared with an average decrease... Читать дальше...

The Dow Jones Industrial Average is rallying 143 points, or 0.5%, in morning trading, with 17 of 30 components gaining ground, but investors shouldn't let that fool them into thinking the stock market is rallying. That's because the number of declining stocks is outnumbering advancers 1,958 to 876 on the New York Stock Exchange and 2,426 to 1,120 on the Nasdaq. And volume in advancing stocks is just 20.4% of the NYSE's total volume and 42.8% of total Nasdaq volume. Meanwhile, the S&P 500... Читать дальше...

Goldman Sachs Group Inc. rose 1.6% after Bank of America analyst Ebrahim H. Poonawala upgraded the company to buy from neutral on his view that the bank offers a relatively better value than its peers in a looming economic downturn. Poonawala raised his price target on Goldman to $380 a share from $360 a share. Goldman's revenue could also benefit from geopolitical volatility and monetary policy which may drive elevated trading activity. However, Poonawala cut his Goldman Sachs earnings estimate... Читать дальше...