Did oil prices hit bottom? PRICE Futures Group senior analyst Phil Flynn on the outlook for oil prices and the impact on the U.S. soybean market from the tariff tensions with China. Oil fell 1 percent on Thursday after soaring 8 percent in the previous session, as worries over a […]
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US oil edges up after tumbling to lowest since June 2017
Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market. Continue Reading Below U.S. West Texas Intermediate (WTI) crude futures, were up 13 cents, or 0.31 percent, […]
Oil rises as low prices crimp output; but economic worries weigh
Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States, currently the world’s biggest crude producer, though concerns about the global economy continued to weigh. Continue Reading Below International benchmark Brent crude futures had risen 30 cents, or 0.56 percent, […]
Kraft Heinz, Mondelez International in Campbell Soup auction
(Reuters) – U.S. food companies Kraft Heinz Co <KHC.O> and Mondelez International Inc <MDLZ.O> have been short-listed to participate in the second round of Campbell Soup Co’s <CPB.N> auction of its international business, people familiar with the matter said. Continue Reading Below The development boosts Campbell Soup’s chances of divesting […]
Tesla cuts prices on certain Model 3 electric cars in China
If I was a Tesla shareholder I’d be worried: Gasparino FBN’s Charlie Gasparino on Elon Musk’s Boring Company unveiling its first tunnel in Los Angeles, concerns Musk’s work at the Boring Company and SpaceX are distracting from his leadership at Tesla and mounting bipartisan pressure on Facebook from Capitol Hill. […]
Campbell Soup names industry veteran Mark Clouse as new CEO
article (AP Photo/J. David Ake, File) Campbell Soup named Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive on Thursday, a key step in the U.S. company’s efforts to regain market share and boost profits. Continue Reading Below Clouse has a reputation as a seasoned food industry […]
Eli Lilly forecasts 2019 profit, revenue above estimates
Drugmaker Eli Lilly on Wednesday forecast 2019 revenue and adjusted profit above analysts’ expectations, citing higher demand for newer medicines including diabetes drug Trulicity and psoriasis drug Taltz. Continue Reading Below Trulicity, which recently overtook Humalog as Lilly’s top-selling medicine, had sales of $816.2 million and helped power Lilly’s profit […]
Allergan stops sales in Europe of breast implants linked to cancer
article REUTERS/Brendan McDermid Breast implants made by drugmaker Allergan, which have been linked to a rare form of cancer, are being taken off the market in Europe, said a French regulatory body. Continue Reading Below France’s National Agency for the Safety of Medicines & Health Products (ANSM) said in a […]
Oil falls 2 percent on oversupply and stock selling
Oil prices fell more than 2 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets. Continue Reading Below U.S. crude oil dropped $1.36 or 2.7 percent to a […]
Oil prices fall for third straight session on supply glut
Brent crude prices dropped more than $1 on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, now the world’s biggest producer, stoked worries about oversupply. Continue Reading Below Concerns over future oil demand amid weakening global […]