Soybean futures were on track Friday to settle at their highest in three weeks after the U.S. Department of Agriculture’s Prospective Plantings report showed 2023 soybean intended plantings little changed from 2022. The report showed that soybean area planted in the U.S. at 87.45 million acres in 2022, with intended plantings at 87.505 million acres …
Continue reading “Soybean futures on track for highest finish in 3 weeks after USDA data”
Shares of Cano Health Inc. CANO, -19.47% tumbled 20.3% toward their first-ever sub $1 close in afternoon trading Friday, after the primary care provider said it was “disappointed” that three directors had decided to resign, that it strongly disagreed with their comments about the company and that one director, Barry Sternlicht, shared confidential board deliberations …
Djelics | E+ | Getty Images Company: FleetCor Technologies (FLT) Business: FleetCor is a business payments company that helps businesses spend less by enabling them to manage their expense-related purchasing and vendor payments processes. The company operates through six segments: fuel, corporate payments, tolls, lodging, gift and other. It offers corporate payments solutions, such as …
Continue reading “D.E. Shaw spots an opportunity to boost margins at FleetCor”
Alphabet Inc.’s GOOGL, +2.81% GOOG, +2.65% Google isn’t done with spending cuts, Chief Financial Officer Ruth Porat warned employees Friday in a memo to staff. Porat said the company, which is known for employee perks, will eliminate some snack bars, known as microkitchens, and will close cafeterias on days with modest traffic, according to a report in …
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A customer walks past an ATM outside of a First Republic Bank branch in Manhattan Beach, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. First Republic Bank — Shares of First Republic erased earlier losses and were last up about 22%. Sources …
Continue reading “First Republic, Signet Jewelers, Snap and more”
A spokesperson for Micron Technology Inc. MU, -4.36% said that the company is aware that the Cyberspace Administration of China has announced its intent to pursue a cybersecurity review of the products Micron sells in China. “We are in communication with the CAC and are cooperating fully,” the spokesperson said. “Micron is committed to conducting …
In 2022, healthcare stocks surpassed the S&P 500. But in 2023, they are not doing so well. Nonetheless, during economic uncertainty, the healthcare industry can serve as a reliable defensive strategy since individuals typically do not cut back on prescription drug acquisitions, postpone medical procedures, or cancel appointments with doctors solely due to a sluggish …
Continue reading “3 Healthcare Stocks to Watch As the Industry Evolves”
Greg Becker, the head of Silicon Valley Bank, sold nearly $30 million in stock in the two years leading up to the regional bank’s collapse. As a result, CEOs selling stock are again back in the headlines. It’s not so much that investors are against CEOs selling stock. After all, we all have financial obligations …
Continue reading “3 CEOs Selling Stock Just Like the Head of SVB Did”
This is an excerpt from Tom’s guest article in the InvestorPlace Digest e-letter. To sign up for this newsletter, please click here. Last week was a terrible, horrible, no-good week for stocks. Home Depot (NYSE:HD) and Walmart (NYSE:WMT) reported surprisingly downbeat guidance, and the Federal Reserve signaled more rate hikes to come. The Dow Jones …
Continue reading “Investors Shift Gears as the Year’s Worst Week Unfolds”
