Wholesale egg prices have ‘collapsed’ from record highs in December
Egg shelves in New York on Jan. 21, 2023 with a note apologizing to customers for the price increase.Fatih Aktas/Anadolu Agency via Getty ImagesWholesale egg prices have cratered in recent weeks from record highs, meaning consumers may soon see relief at the grocery store.But the dynamics of egg pricing from the wholesale to retail market, […]
Chegg, Baidu, Bed Bath & Beyond, Hertz and more
A screen displays the Hertz logo during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York, November 9, 2021.Brendan McDermid | ReutersCheck out the companies making headlines before the bell:Chegg — Shares dropped 22.7% following its earnings report Monday . The company gave first-quarter and full-year revenue guidance that […]
Oil prices rise on supply concerns, China demand outlook brightens
By Laura Sanicola (Reuters) – Oil prices rose for a second day on Tuesday on supply concerns after an earthquake shuttered a major export terminal in Turkey and a field in the North Sea shut unexpectedly, while demand in China, the world’s biggest importer, looks set to increase. […]
Stocks moving big midday: DELL, ON, PYPL
The PayPal logo displayed on a smartphone screen with a stock market graphic in the background.Omar Marques | SOPA Images | LightRocket | Getty ImagesCheck out the companies making headlines in midday trading Monday.On Semiconductor — Shares gained more than 1% after the company reported earnings Monday that beat Wall Street estimates. The company posted […]
Stocks moving big premarket: TSN, PYPL, Children’s PLCE
Tyson food meat products are shown in this photo illustration in Encinitas, California.Mike Blake | ReutersCheck out the companies making headlines in premarket trading.Tyson Foods – Shares of the food processing giant suffered a 6% drop in premarket trading after the company reported weaker-than-expected results for the first quarter. Earnings came in at 85 cents […]
Stocks making the biggest moves midday: AMZN, GOOGL, AAPL
Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022.Sandy Huffaker | ReutersCheck out the companies making headlines in midday trading.Amazon – The e-commerce giant’s stock tumbled 8.4% despite a revenue beat. Late Thursday, Amazon issued weaker-than-expected guidance for the current period. The company also reported a […]
RBA to Hike After Worrying Signs for Economy
It had seemed that the RBA was almost done with the rate hikes, as several indicators for the economy were looking shaky. Rising unemployment was cited often. Another factor is that a large number of home loans are due for renewal in a few months, which could put increased pressure on Australian homeowners. If higher […]
January jobs seen slowing slightly, but impact of big layoffs unclear
Economists expect slightly slower, but still strong job growth in January, while the impact of corporate layoff announcements is unclear.According to Dow Jones, the consensus forecast calls for 187,000 new nonfarm jobs in January, down from 223,000 that were created in December. The employment report will be released at 8:30 a.m. ET Friday.The unemployment rate […]
Stocks moving big midday: META, ALGN, COIN
The Commission took issue with Meta’s pairing of Facebook Marketplace with its personal social network.Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Meta — The tech giant’s shares jumped 25% by the middle of the trading day, on track for its strongest day in nearly a […]
Stocks moving big after hours: META, ALGN, ELF
Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in after-hour trading.Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 billion in […]