Category: Market News
Published: July 19, 2022 at 4:48 p.m. ET Cal-Maine Foods Inc. , the No. 1 egg producer and distributor in the U.S., swung to a profit in the fiscal fourth-quarter as the average price of its shell eggs rose nearly 30%. Cal-Maine said it earned $110 million, or $2.25 a share, in the quarter, contrasting […]
Gold futures settled modestly higher on Tuesday, extending their gains into a second consecutive session, but prices remained down by more than 5% for month to date. The precious metal needs to trade above $1,700 until the Federal Reserve meeting on July 26-27, “for any recovery to a short-term bullish zone,” said Chintan Karnani, director […]
Published: July 19, 2022 at 1:40 p.m. ET An options strategy Netflix Inc.’s stock known as a straddle on is priced Tuesday for a much bigger than usual one-day move after the streaming video giant reports second-quarter results after the closing bell. A straddle is a pure volatility play in which bullish (calls) and bearish […]
Beyond Meat Inc. BYND, +5.80% began selling plant-based pork patties in China on the company’s Tmall store on Tuesday. Available in classic and spicy flavors, this is the second plant-based pork product Beyond Meat has launched in China. The other, Beyond Pork, is a ground plant-based pork product that became available in 2020. The new […]
Shares of Fastly Inc. FSLY, -5.98% were falling 4% in premarket trading Tuesday after RBC Capital Markets turned bearish on the cloud-computing stock. “Fastly scores low on our five-factor recession framework, therefore we believe it will see a disproportionate impact in the downturn, owing to its consumption-based model, high startup exposure, lack of profitability, and […]
Internet Brands Inc. said Tuesday it drew an enterprise value of $12 billion as part of a recapitalization in which Warburg Pincus invested an undisclosed sum in the El Segundo, Calif.-based online media and software services company. KKR & Co. Inc. KKR, +0.97% will remain the majority investor in Internet Brands, with existing investor Temasek […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
Shares of companies in the cryptocurrency business powered higher Monday, after bitcoin BTCUSD, +1.69% rallied toward a fourth-straight gain, and the first close above the 22,000 in a month. Among those that are all about crypto, shares of Marathon Digital Holdings Inc. MARA, +21.39% shot up 23.3%, Riot Blockchain Inc. RIOT, +11.85% ran up 18.3% […]
Gold futures on Monday posted their first gain in three sessions, as a pullback in the U.S. dollar helped to lure investors after prices suffered declines in each of the last five weeks. “If the metal market views begin to think rapidly rising interest rates might not deter inflation, that could begin to discourage aggressive […]
Oil futures climbed on Monday, with U.S. benchmark crude prices ending back above $100 a barrel for the first time in a week. U.S. prices rebounded back above the key level after President Joe Biden came away from with Saudi Arabia “empty handed, as he urged the Saudis to increase output to combat higher prices,” […]