McCormick CEO says 'unprecedented' demand for spices is hard to keep up with

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 […]

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What to watch today: Wall Street looks to avoid a four-session losing streak

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 […]

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Asia-Pacific stocks mixed as investors watch oil prices

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 […]

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Rupee slumps 17 paise to 75.16 against U.S. dollar in early trade

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 […]

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Job openings, inflation data, JPMorgan earnings and Blue Origin liftoff top week ahead

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 […]

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Gold Futures Settle Slightly Lower

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 […]

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