|
Expectations that the central bank would begin to cut interest rates this year have been fueling a stock market rally all month.
|
|
 A gauge of global stock markets rose on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signaled possible interest rate cuts later this year.
|
RELATED ARTICLES | | |
|
 The Federal Trade Commission said late Wednesday UnitedHealth Group Inc. and DaVita Inc. have agreed to a settlement to resolve FTC allegations their $4.3 billion deal would stifle competition in the Las Vegas area. Under the proposed settlement, UnitedHealth would have 40 days to sell DaVita's healthcare provider in the Las Vegas region, known as HealthCare Partners of Nevada, to Intermountain Healthcare, a Utah-based healthcare provider and insurer. The acquisition was first announced in December 2017. UnitedHealth stock rose 0.6% and DaVita shares fell 0.1% in the extended session after ending the regular trading day up 1.8% and 3.1%.
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.
|
|
 Slack Technologies Inc. is set to make its trading debut Thursday on the New York Stock Exchange with a valuation of about $15.7 billion, the second major company to go public through a so-called direct listing.
|
|
Shares of Pacific Gas and Electric Co. rose 1.6% in premarket trading Wednesday, after the bankrupt utility said it reached agreements to pay $1 billion to resolve claims related to the 2015, 2017 and 2018 wild fires. The claims are held by 18 local public entities, including cities, counties, districts and public agencies, hurt by the Butte Fire in 2015, the Northern California fires in 2017 and last year's Camp Fire. The payment of the claims is subject to confirmation by the bankruptcy court. "This is an important first step toward an orderly, fair and expeditious resolution of wildfire claims and a demonstration of our willingness to work collaboratively with stakeholders to achieve mutual acceptable resolutions," said PG&E Chief Executive Bill Johnson. The stock has lost 19.4% year to date through Tuesday, while the SPDR Utilities Select Sector ETF has gained 14.1% and the Dow Jones Industrial Average has advanced 13.5%.
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.
|
|
Oracle Gains on a Sales and Earnings Beat: 5 Key Takeaways TheStreet.comOracle up as it beats expectations CNBCOracle Chairman Larry Ellison says the company added 5,000 new trials for its latest cloud database. Here's what that means Business InsiderOracle stock rallies on earnings beat, outlook MarketWatchOracle Shares Climb After Fourth-Quarter Beat TheStreet.comView full coverage on Google News
|
|
Canopy Growth Corp. said late Wednesday that the company has U.S. operations related to hemp and cannabidiol, or CBD, in seven states and when at full capacity will cover more than 4,000 acres. Canopy Growth said that was the equivalent of 11,072 hockey rinks or nearly American 3,268 football fields. The company said that it was currently planting a mix of high-CBD hemp plants and industrialized hemp suitable for textiles, proteins and bioplastics. The update on its CBD operations arrived after the company announced that the landmark deal to acquire the right to buy U.S.-based weed producer Acreage Holdings Inc. for $3.4 billion in paper, pending the relaxation of U.S. federal prohibition on marijuana. Canopy Growth stock was up 0.8% in after hours trading. The stock closed up 1.74% during the regular session, as the S&P 500 index [spx] rose 0.3%.
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.
|
|
A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signaled possible interest rate cuts over the rest of this year.
|
|
U.S. Trade Representative Robert Lighthizer on Tuesday said House Speaker Nancy Pelosi has been "constructive" in talks to address her concerns about the U.S.-Canada-Mexico Agreement. Testifying before the Senate Finance Committee, the U.S. trade chief said the California Democrat has been "completely fair and above board" in discussions with the administration. Acting White House chief of staff Mick Mulvaney said last week the deal to replace the North American Free Trade Agreement has a "better than two-thirds chance" of passing Congress this year. But Pelosi has signaled she won't allow a vote on the USMCA without changes including easier enforcement of new rules to strengthen labor rights. "I hope over the next couple of weeks we can make substantial progress," Lighthizer said. President Donald Trump in May said Pelosi didn't understand the deal and had to "get up to snuff."
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.
|
|
Private Label