Новости за 07.03.2023

Gold prices move sharply lower Tuesday after remarks by Fed Chair Jerome Powell raise the potential for more aggressive interest rate hikes.

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.

The policy-sensitive two-year Treasury yield jumped closer to 5% on Tuesday after written testimony to Congress from Federal Reserve Chairman Jay Powell left open the possibility that policy makers will reaccelerate the pace of its interest rate hikes.

The company's 2022 sales increased 41% over the prepandemic year 2019.

Two of four Americans abducted after crossing Mexico border reportedly dead

The Hershey Company is rolling out plant-based treats just in time for Easter.

Fed funds futures traders now see a 54% likelihood that Federal Reserve policy makers will re-up the size of their next rate increase to half-of-a-percentage-point, which would take the main policy rate target to between 5% and 5.25% on March 22. That’s up from 31.4% a day ago, according to the CME FedWatch Tool. The written statement from Fed Chairman Jerome Powell on Tuesday alone was enough to move most Treasury yields higher, sending the 2-year rate up to 4.95%.

Big corporate names pledge to cut down on lobbying and political candidate contributions in an effort to rein in aggressive corporate influence on lawmakers.

Oil futures trade lower Tuesday after a round of weaker-than-expected import data from China.

MarketWatch Live: Powell says Fed will battle inflation till it’s subdued

MarketWatch Live: Powell warns against premature loosening of monetary policy

U.S. stocks move lower as investors await Fed chief’s congressional testimony

Best Buy Co. Inc. BBY said Tuesday that it is partnering with Atrium Health, a not-for-profit hospital system that operates in four Southern states, to test out technology that can improve at-home care for patients, including telehealth and tools to monitor vital signs. Best Buy said it will specially train Geek Squad workers on logistics and tech support. The partnership is part of Best Buy’s broader investment in healthcare. The company’s stock is up 3.6% so far this year, while the S&P... Читать дальше...

Federal Reserve Chairman Jerome Powell on Tuesday pledged to continue the battle against inflation, arguing that the U.S. economy "does not work for anyone" without stable prices.

Black Knight Inc. BKI and Intercontinental Exchange Inc. ICE cut the value of their merger deal by about $1.4 billion on Tuesday after Black Knight said it’s selling its Empower loan origination system to Constellation Software Inc. CA:CSU to win clearance for its deal with ICE with U.S. regulators. Black Knight did not provide a purchase price for its Empower loan origination system, which includes Exchange, LendingSpace and Aiva solutions. The companies said the deal is partly to secure clearance... Читать дальше...

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U.S. stock indexes opened modestly lower on Tuesday as traders awaited Federal Reserve Chairman Jerome Powell's testimony before Congress on the state of the economy. The Dow Jones Industrial Average shed 5 points, leaving it nearly flat at 33,425.The S&P 500 and the Nasdaq Composite each dropped 0.1%. Powell is set to appear before the Senate Banking Committee on Tuesday to deliver the first part of his two-day semiannual monetary policy testimony. He will also be quizzed by the House Financial Services panel on Wednesday. Читать дальше...

Shares of Verisk Analytics Inc. VRSK rallied 1.2% toward a six-month high in premarket trading Tuesday, after the data analytics company announced a $2.5 billion accelerated share repurchase (ASR) program. The ASR represented 8.6% of the company’s market capitalization of about $29.04 billion as of Monday’s closing prices. The company said it entered into the ASR with Citibank N.A. and Goldman Sachs & Co. LLC. The final settlement of the ASR is expected to occur during its fourth-quarter ending Dec. Читать дальше...

AFC Gamma Inc. AFCG shares rose 3.8% in premarket trades after the debt provider to cannabis companies posted better-than-expected distributable earnings. AFC Gamma said its fourth-quarter net income fell to $2.94 million, or 14 cents a share, from $7 million, or 43 cents a share, in the year-ago quarter. Distributable earnings rose to $12.62 million, 62 cents a share, from $8.5 million, or 52 cents a share, in the year-ago quarter. The latest fourth-quarter result of 62 cents a share beat the... Читать дальше...

WW International Inc. WW, also known as Weight Watchers, said in its 2022 annual report filed Tuesday that it had 7,100 employees as of Dec. 31, to mark the fourth-straight year that the wellness and weight management company has cut jobs. Meanwhile, the stock shot up 19.4% toward a one-month high in premarket trading, after the company reported late Monday fourth-quarter results and said it was buying telehealth platform Sequence for $106 million. WW’s 2022 workforce was about 8% fewer than the 7,700 employees the company had in 2021... Читать дальше...

MarketWatch Live: Facebook parent Meta joins pharma firm ADial in early advance

The tally of 2023 global tech layoffs has gone up almost fivefold since mid-January, according to data Layoffs.fyi.

Federal entitlements spending, including Social Security and Medicare, isn't restrictive enough, writes Peter Morici.

Visteon Corp. VC said Tuesday its board has authorized a share buyback program of $300 million that will expire Dec. 31, 2026. The maker of hardware and software for cars said it expects to fund the buybacks using cash on hand and future cash flow generation. The stock has gained 69% in the last 12 months, while the S&P 500 SPX has fallen 5.4%.

No matter what the Fed chief has to say this week, the market has one idea stuck in its brain right now, and it's all wrong, says our call of the day from volatility expert Harley Bassman.