10-year Treasury yield briefly hits highest level since November
U.S. Treasury yields were little changed on Tuesday to cap off a month of sharp gains, as traders weighed the prospects of tighter for longer monetary policy.The yield on the benchmark 10-year Treasury note was last lower by 1 basis point at 3.912%. Earlier, it touched a high of 3.983%, its highest level since Nov. […]
Walgreens may have ‘cried too much last year’ about theft, CFO says
After worries in the retail world about a rise in theft, at least one company — Walgreens Boots Alliance Inc. — said it may have been overreacting. “ ‘Maybe we cried too much last year when we were hitting numbers that were 3.5% of sales.’ ” — James Kehoe, CFO of Walgreens The drugstore chain’s […]
Silvergate, Bed Bath & Beyond, Walgreens and more
Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Silvergate — Shares of the crypto-focused bank tumbled more than 42% after Silvergate disclosed massive customer withdrawals during the fourth quarter. The bank said it $3.8 billion […]
Dow closes 300 points lower after strong jobs data signals more rate hikes
Stocks fell Thursday after jobs data showed the labor market is still strong despite the Federal Reserve’s interest rate hikes to tame inflation.The Dow Jones Industrial Average fell 339.69 points, or 1.02%, to 32,930.08. It was weighed down by Walgreens, which lost 6.13% after earnings showed a $5.2 billion opioid litigation settlement drove a quarterly […]
Silvergate Capital, Walgreens, Amazon and more
People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021.Andrew Kelly | ReutersCheck out the companies making headlines and moves in premarket trading.Walgreens Boots Alliance — The drugstore stock fell about 2% in premarket even after the company reported fiscal first quarter earnings that beat analyst […]