: Armour Residential cuts quarterly dividend to 24 cents a share from 40 cents previously
Armour Residential REIT Inc. ARR said Thursday it’s reducing its quarterly dividend to 24 cents a share from 40 cents previously. The Vero Beach, Fla.-based...
: BP downgraded to underweight by JPMorgan
BPUK:BP was downgraded to underweight from neutral at JPMorgan, which cut its target price by 11% to 550 pence. “This year is revealing BP’s cashflows...
Market Extra: 10-year Treasury note rallies hard, sending yield down toward 4% on growing confidence in Fed’s inflation fight
Brendan Smialowski/Agence France-Presse/Getty ImageIncreasing confidence in the Federal Reserve’s ability to bring inflation to a heel breathed new life into the recent rally in Treasurys,...
: Oil futures finish higher a day after ending at a nearly 6-month low
Oil futures gained on Wednesday, a day after posting their lowest settlement in almost six months. With a weekly draw in U.S. crude supplies reported...
: Gold futures rally in electronic trading as the U.S. dollar drops after the Fed announcement
Gold futures rallied Wednesday afternoon in electronic trading, after ending the regular trading session with a modest gain. Prices for the precious metal got a...
: Cal-Maine’s stock rallies 9% as analyst hikes price target
Cal-Maine Foods Inc.’s stock CALM was rallying by 9.4% on Wednesday after Stephens analyst Ben Bienvenu hiked his price target on the egg producer to...
: Apple braces for EU antitrust order over App Store: report
The European Union is about to hit Apple Inc. AAPL with a ban on App Store rules that govern music-streaming rivals like Spotify Technology SPOT and...
: EIA reports a weekly decline in U.S. crude supplies, and rise in gasoline, distillate inventories
The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories fell by 4.3 million barrels for the week ended Dec. 8. On average,...
: Goldman Sachs commodities-trading head to retire after 24 years
Goldman Sachs Group Inc. GS executive Ed Emerson plans to retire in 2024 after 24 years at the bank, according to an internal memo seen...