Escalating Middle East tensions drove up oil prices Friday by nearly 6%, leading prices to post a gain for the week. Concerns that Israel is close to launching a ground invasion of Gaza, after its military ordered more than a million people in the territory to flee south, have raised…

By Stephen Nakrosis Blank-check company Nabors Energy Transition said its board extended the date by which the company has to consummate a business combination to Nov. 18 from Oct. 18. An affiliate of Nabors Energy Transition Sponsor LLC, the company’s sponsor, deposited $295,519.23 into a trust account for Nabors Energy…

By Obafemi Oredein Special to Dow Jones Newswires IBADAN, Nigeria–Cocoa prices increased this week in the Nigerian state of Ekiti, one of five cocoa producing states in the country’s southwest region, traders said on Friday. Graded cocoa–which has been certified as fit for export–is trading at 2.7 million Nigerian naira…

By Ben Glickman Shares of Lululemon Athletica rose on Friday after the company was added to the S&P 500 index. The stock was up 4.8% to $396 in post-market trading, following a 1% rise at Friday’s close. The shares are up 18% this year. The S&P Dow Jones Indices said…

By Sabela Ojea Shares of Pfizer on Friday declined 3.5%, to $31.00, in after-hours trading after the company slashed its outlook for the year amid views for lower Covid-19 related revenue. The healthcare giant said it now expects to end 2023 with an unexpected $9 billion drop in sales from…

By Ben Glickman Pfizer said it would reverse $4.2 billion in revenue after revising its agreement with the U.S. government related to its Covid-19 treatment Paxlovid. The company agreed to take back unused courses for the oral anti-viral pill as it seeks to roll out its commercial version of the…

Hello! This week’s ETF Wrap digs into junk bond performance and flows. Please send feedback and tips to [email protected] or [email protected]. You can also follow me on X at @cidzelis and find me on LinkedIn. Isabel Wang is at @Isabelxwang. Sign up here for our weekly ETF Wrap. Investors have been fleeing exchange-traded funds that buy…

For many employees, open enrollment for benefits selection occurs between October and November. Selecting from a long list of choices can be overwhelming to say the least. If you are switching health coverage, it’s important to understand your deductible, the maximum out of pocket, the implications of in-network and out-of-network…

Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly!INVESTING NEWS & TRENDSThese are the biggest money mistakes we make in our 20s, 30s and 40s People in their mid-50s tend to make smart financial moves, so…

Cryptocurrency markets experienced a sudden surge in bitcoin prices following a now-debunked report on a bitcoin ETF approval by the U.S. Securities and Exchange Commission. The erroneous report initially propelled bitcoin’s value to the $30K mark. However, the momentum was short-lived as the digital currency’s price soon plummeted to around…