Stocks Open Lower After Rally on Fed Rate Rise

US stocks and government bond yields edged down after the Federal Reserve raised interest rates for the first time since 2018 and oil soared as the market’s focus returned to the Ukraine war. The S&P 500 declined 0.4% in early trading, after the broad-market index closed more than 2% higher on the past two consecutive … Read more

Stocks Close Sharply Higher As Fed Raises Interest Rates

US stocks rocketed higher in a volatile session and bond yields jumped to the highest level in almost three years after the Federal Reserve officially said it would raise interest rates for the first time since 2018. Major indexes rallied at the open, wall their gains after the Fed announcement and then raced to finish … Read more

AMC Uses Its Meme Stock Money to Buy a Gold Mine. It’s ‘Bizarre.’

Textsize AMC Empire 25 Theater in Times Square, New York dreamstime AMC-Entertainment just struck gold. Literally. The movie theater company announced it has bought a 22% stake in Hycroft Mining Holding and its 71,000-acre gold and silver mine in northern Nevada. AMC (ticker: AMC) will invest $27.9 million in cash in Hycroft ( HYMC ) … Read more

U.S. Stocks Mixed After Putin Claims Progress in Ukraine Talks

US stocks wobbled Friday and oil prices advanced, extending a volatile stretch for markets as investors assessed developments from the war in Ukraine. The blue-chip Dow Jones Industrial Average rose 97 points, or 0.3%, in afternoon trading. The S&P 500 was down about 0.2%, while the Nasdaq Composite fell about 1%. Stock futures had turned … Read more

Shell, BP to Withdraw From Russian Oil, Gas

European oil giants Shell SHEL 3.05% PLC and BP BP 5.68% PLC said they were stepping back further from doing business with Russia, with Shell saying it will immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings. A spokesman for BP said it won’t … Read more

February Hiring Strongest Since Summer; Unemployment Falls to Pandemic Low

The US economy posted the strongest job growth in seven months in February and the unemployment rate fell to the lowest level since the pandemic, signs of a strong labor market ahead of a pivotal Federal Reserve meeting. Employers added a seasonally adjusted 678,000 workers to their payrolls last month, the strongest gain since last … Read more