US stocks rose modestly on Tuesday morning as markets eyed uncertainty in Middle East talks and the focus turned to SpaceX (SPCX) earnings after the bell. Futures on the S&P 500 (ES=F) increased 0.1%, while contracts for the Nasdaq-100 (NQ=F) climbed 0.6%. Dow Jones Industrial Average (YM=F) futures rose 0.1% after a decline in oil…
This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. When Kroger introduced Greg Foran as its CEO earlier this year, the supermarket chain drew accolades for its decision to hire a new leader who had distinguished himself by turning around Walmart’s U.S….
SEOUL, Aug 4 (Reuters) – South Korean retail shareholder platform ACT said on Tuesday it had launched a campaign to call an extraordinary shareholders’ meeting at Samsung Electronics, urging the chipmaker to buy back about $32 billion worth of shares and set limits on performance bonuses. ACT said it would begin collecting electronic signatures from…
Aug 3 (Reuters) – The U.S. Treasury said on Monday it expects to borrow $739 billion in the third quarter, $68 billion more than it projected in May, as lower projected cash flows were only partly offset by a higher-than-assumed starting cash balance. Stripping out the benefit of that larger starting cushion, the increase in…
We are still in the early innings of the earnings season, with roughly a third of S&P 500 companies having returned their second quarter scorecards. And, it’s shaping up to be yet another bumper earnings season: according to FactSet data, 86% of those companies have exceeded Wall Street’s earnings projections while 80% have beaten revenue…
Aug 3 (Reuters) – Respondents to a Federal Reserve banking survey reported “basically unchanged” lending standards for commercial and industrial loans during roughly the second quarter, with stronger demand for that type of loan coming from large and middle market firms. “For loans to households, banks reported mixed changes in lending standards and weaker demand…
Beware the ides of August, which on Wall Street describes the poor performance traders tend to expect for the month. The historic data shows this saying may be overselling seasonal weakness while the first day of August trading is off and running. Monday kicked off August in the green. The Dow Jones Industrial Average opened…
William V. Selesky Senior Analyst: Basic Materials Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups…
William V. Selesky Senior Analyst: Basic Materials Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups…
Spanish regions are pursuing Chinese battery and car investment as officials push for common European Union (EU) foreign investment rules ahead of talks with Beijing on trade arrangements. Reuters reported that Spanish officials want faster approval of a “Made in Europe” law. The proposal would require local content and employment conditions, technology transfer, and limits…
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