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XOMA Corporation News

What Exactly Does OPEC Do That Affects Oil Prices?

The Organization of the Petroleum Exporting Countries usually stays silent on oil fluctuations, but its market influence is deeply rooted.

Dow Turns Higher As Oil Surges, Stocks Gain Ahead of Q3 Earnings

U.S. oil prices extended their rally to a seventh straight week Monday, adding to inflation concerns that could dictate market direction heading into the start of the third quarter earnings season.

Exxon Mobil Activists Push for Climate-Focused Changes to Board, Future

Exxon Mobil CEO Darren Woods faces the sternest test of his four-year term as activists push for climate-focused changes to the oil major's board of directors.

Exxon Extends Gains After Activist Investor Jeff Ubben Addition to Board

Exxon Mobil  added activist investor Jeff Ubben to its board of directors, the company said Monday, as the oil major faces further pressures to sharpen its low-carbon strategies.

Dow Futures Edge Higher As Gold Hits Record High, Dollar Nears Two-Year Low; Earnings, Fed and Stimulus Plans in Focus

Wall Street futures edged higher heading into a crucial week for global financial markets, highlighted by nearly 190 S&P 500 earnings reports, a Federal Reserve policy meeting and a possible coronavirus rescue package from Congress.

Breaking News

Morgan Stanley Stock Leads Gains As Banks Boost Dividends After Fed Stress Tests

Morgan Stanley, Wells Fargo, Bank of America and Goldman Sachs will lift their quarterly dividend, while JPMorgan will hold its steady following last week's Fed stress tests.

Nike Stock Slides As As Margin Pressures, China Worries Offset Q4 Earnings Beat

"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.

Stocks Higher, Bank Dividends, Nike, Playtika And Occidental- Five Things To Know

Stock futures higher on global growth bets; Morgan Stanley leads bank gains after dividend boost; Nike slides as margin pressures offset Q4 earnings beat; Playtika shares surge on report of Joffre Capital interest and Occidental shares jump as Buffett adds more to stake

Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots

"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.