Dean Seal

New York

Breaking Financial News Reporter at The Wall Street Journal

Breaking Financial News Reporter at Dow Jones Newswires

breaking financial news @wsj and @dowjones

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Articles

American Steel Stocks Jump on Trump's New Metal Tariffs

4 days ago | morningstar.com | Dean Seal

By Dean Seal Shares of domestic steelmakers started the week on a high after President Trump moved to double steel and aluminum tariffs to 50%. Nucor's stock was up 10% at $120.64 while shares of Steel Dynamics were up 10% at $135.50 in the morning trading session. Shares of Cleveland-Cliffs soared 25% to $7.29. Shares of Commercial Metals were up 7.7% at $50.17.
Retailers Flex Their Vocabulary to Warn of Potential Tariff-Driven Price Hikes

6 days ago | wsj.com | Katherine Hamilton |Dean Seal

Retailers are walking a tightrope to convey they’re looking to raise prices without actually saying they’re raising prices. Best Buy, Target and others say they are “adjusting” prices and making strategic decisions around promotions. Executives at Deckers Outdoor DECK -1.63%decrease; red down pointing triangle, the footwear company behind Ugg boots and Hoka sneakers, are “flexing the pricing power” of its brands.
Retailers Flex Their Vocabulary to Warn of Potential Tariff-Driven Price Hikes

1 week ago | wsj.com | Katherine Hamilton |Dean Seal

Retailers are walking a tightrope to convey they’re looking to raise prices without actually saying they’re raising prices. Best Buy, Target and others say they are “adjusting” prices and making strategic decisions around promotions. Executives at Deckers Outdoor DECK -1.65%decrease; red down pointing triangle, the footwear company behind Ugg boots and Hoka sneakers, are “flexing the pricing power” of its brands.
EOG Resources to Buy Encino Acquisition Partners for $5.6 Billion

1 week ago | wsj.com | Dean Seal

Encino brings with it 675,000 acres, bringing EOG’s position in the Utica to a combined 1.1 million net acresThe oil-and-gas producer said Friday that it reached an acquisition deal with Encino Energy and the Canada Pension Plan Investment Board, which jointly established the Houston-based company in 2017 to acquire U.S. oil and gas assets. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
EOG Resources to Buy Encino Acquisition Partners for $5.6 Billion

1 week ago | morningstar.com | Dean Seal

By Dean Seal EOG Resources has agreed to buy Encino Acquisition Partners for $5.6 billion, extending its acreage in Ohio's Utica Shale. The oil-and-gas producer said Friday that it reached an acquisition deal with Encino Energy and the Canada Pension Plan Investment Board, which jointly established the Houston-based company in 2017 to acquire U.S. oil and gas assets.
Best Buy Cuts Guidance as Tariffs Loom

1 week ago | wsj.com | Dean Seal

The electronics retailer now expects $41.1 billion to $41.9 billion in revenue for the fiscal year, down from prior outlook of $41.4 billion to $42.2 billionThe electronics retailer on Thursday said it now believes comparable sales could decline this year as a result of the new levies. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Subscribe NowAlready a subscriber? Sign In
Macy’s Cuts Profit Outlook Despite Solid Spring-Season Sales

1 week ago | wsj.com | Dean Seal

Macy’s M 4.06%increase; green up pointing triangle cut its full-year earnings guidance to account for global tariffs and some moderation in consumer spending, but reported a smaller decline in sales than expected for the spring quarter. The department-store chain said Wednesday that it now expects adjusted earnings of $1.60 to $2 a share for the full fiscal year that started in early February, down from its previous outlook for $2.05 to $2.25 a share. Copyright ©2025 Dow Jones & Company, Inc.
AMC Entertainment Stock Soars After Strong Memorial Day Weekend

1 week ago | tradingview.com | Dean Seal

AMC Entertainment Stock Soars After Strong Memorial Day WeekendAMCDISShares of AMC Entertainment surged after the company said the Memorial Day weekend saw one of its strongest box-office runs in the past decade. The stock was up 24% at $4.01 in the morning session. Shares are now in positive territory year to date.
L3Harris Settles DOJ's Faulty Jet Pricing Claims for $62 Million

2 weeks ago | tradingview.com | Dean Seal

L3Harris Settles DOJ's Faulty Jet Pricing Claims for $62 MillionLHXThe defense contractor tapped to overhaul President Trump's new presidential jet will pay $62 million to settle Justice Department allegations that it misled the government about its pricing during contract negotiations more than a decade ago. The Justice Department claimed Thursday that L3 Technologies, which became L3Harris after merging with Harris Corp.
Ralph Lauren Earnings Climb on Higher Prices, Lower Cotton Costs

2 weeks ago | wsj.com | Dean Seal

Ralph Lauren boosted its profit with lower cotton costs and higher prices in its fiscal fourth quarter. The luxury apparel and accessories company posted a profit of $129 million, or $2.03 a share, for the first three months of 2025. That’s up from $90.7 million, or $1.38 a share, in the same quarter a year earlier. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8