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McCormick facing ‘challenging supply issues’ amid unexpected product demand McCormick CEO Lawrence Kurzius says shipping logistics makes it difficult to ‘keep up’ with customer demand. McCormick CEO Lawrence Kurzius said supply chain disruptions are creating challenges in respect to spicing up customers’ cooking in an exclusive interview on "Cavuto: Coast to Coast" Wednesday. "The demand for our flavor products has […]
» Read more U.S. stock futures were slightly higher Wednesday after Dow stock JPMorgan Chase reported better-than-expected quarterly earnings and revenue and ahead of key inflation data. Shares of JPMorgan rose modestly in the premarket as third-quarter results from the bank were supported by a $1.5 billion boost from better-than-expected loan losses. (CNBC) The Dow Jones Industrial Average, the S&P 500 and the […]
» Read more September's inflation reading is due out at 8:30 a.m. ET on Wednesday. The minutes from the Fed's September meeting are then set to be released at 2 p.m. ET. U.S. Treasury yields eased back on Wednesday morning, ahead of the release of September inflation data and minutes from the latest Federal Reserve meeting. The yield on the benchmark 10-year Treasury […]
» Read more Consumers will soon be able to pay for their groceries and other retail purchases by scanning a QR code, with payments provider Eftpos set to roll out the new checkout option by Christmas. Major banks CBA and NAB, alongside supermarket giants Coles and Woolworths, have partnered with Eftpos to launch its new eQR payment platform which it expects will significantly […]
» Read more After years of a low interest rate environment, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends, which help to provide an income stream. What this equates to is total return, which is one of the most powerful investment strategies going. We like to remind our readers about the impact […]
» Read more Shares in Asia-Pacific traded mixed on Tuesday morning. Oil prices slipped in the morning of Asia trading hours, taking a pause following a recent surge. International benchmark Brent crude futures dipped 0.39% to $83.32 per barrel while U.S. crude futures shed 0.34% to $80.25 per barrel. SINGAPORE — Shares in Asia-Pacific traded mixed on Tuesday morning as investors monitored oil […]
» Read more The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.08% The Indian rupee depreciated 17 paise to 75.16 against the U.S. dollar in opening trade on October 11, as rising crude prices and strength of the American currency in the overseas market weighed on investor sentiments. At the interbank foreign exchange, the rupee opened […]
» Read more US labor secretary explains what led to disappointing jobs report Labor Secretary Marty Walsh argues the dismal jobs report was due to the Delta variant, which affected economic activity and, therefore, job growth. The upcoming week will be jam-packed with economic data, bank earnings and another Blue Origin space milestone. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES […]
» Read more Gold futures pared early gains and settled lower on Friday as worries about imminent tapering of the bond buying program by the Federal Reserve weighed on the commodity. Data showing weaker than expected jobs growth in the month of September had lifted gold prices early on in the session, but traders turned cautious and cut down long positions amid rising […]
» Read more Just two of the S&P 11 sectors were trading in the green at midday Friday. Energy (up 2.3%) is the big winner, as crude prices topped $80 a barrel earlier in the morning. The September employment situation report weighed heavily, as new jobs fell far short of economists’ estimates. A ray of good news in the report was a 4.6% […]
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