March madness in 2023 might better refer to the crazy action of the financial markets than to some overhyped basketball tournament. Over the course of the month just ended, expectations about the economy and Federal Reserve policy swung from one extreme to another. Early on, Fed officials were talking up more and bigger interest-rate increases ...

A tumultuous first quarter drew to a close Friday, with markets shaken by banking chaos and more interest rate hikes from the Federal Reserve. Yet the three-month stretch was an especially good one for technology stocks, including chip maker Nvidia . Indeed, the Nasdaq-100 —which contains the 100 biggest stocks in the Nasdaq Composite—performed best ...

After Dollar General stock wiped out about two years of gains, director Timothy McGuire stepped in and acquired shares of the discount retailer. Dollar General stock (ticker: DG) has slipped 15% so far this year, nearly erasing gains of 12% and 4% in 2021 and 2022, respectively. The company’s past two quarters featured mixed results ...

Commodities declined in the first quarter, with the energy sector leading the way lower, as markets were jolted in March by sudden stress in the U.S. banking system. Prices for natural gas have lost more than half of their value and touched their lowest level in more than two years. Fear that interest rates will ...

Virgin Orbit Holdings (ticker: VORB) was falling 42.6% to about 20 cents after the space launch startup said it would cut 85% of its workforce. The job cuts were made “in light of the company’s inability to secure meaningful funding,” according to a regulatory filing. Virgin Orbit has been trying to secure additional funding since ...

Published: March 30, 2023 at 11:47 a.m. ET By Bob Henderson EVgo Inc.’s shares rallied 23% to $7.06 on Thursday after reporting a surge in revenue and a narrower per share loss for the fourth quarter. The Los Angeles-based provider of electric vehicle charging stations saw revenue increase 283% to $27.3 million from $7.12 million ...

Published: March 30, 2023 at 8:12 a.m. ET By Will Feuer O-I Glass Inc. said it has invested EUR50 million ($54.4 million) in improving sustainability at its Vayres, France plant by installing new gas-oxygen combustion technology and heat recovery systems. The Perrysburg, Ohio-based company, which makes glass bottles and jars, said the investment will reduce ...

Published: March 30, 2023 at 3:13 a.m. ET By Ian Walker Kelso Group Holdings PLC on Thursday called on THG PLC to consider a move of its listing to the Premium List of the London Stock Exchange and a share-buyback program, as it raised its interest in the U.K. e-commerce company to around 0.5% of ...

Published: March 29, 2023 at 5:35 p.m. ET By Sabela Ojea Shares of Dragonfly Energy Holdings Corp. on Wednesday fell after the manufacturer of lithium-ion batteries saw its loss widen and posted lower than expected sales in its latest quarter. Shares fell 7.7% to $4.10 in after-hours trading. The… By Sabela Ojea Shares of Dragonfly ...