The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.43%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.30%. March E-mini S&P futures (ESH26 ) fell -0.47%, and March E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.43%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.30%. March E-mini S&P futures (ESH26 ) fell -0.47%, and March E-mini Nasdaq futures...
It isn't typical for beleaguered alt-protein food product specialist Beyond Meat (NASDAQ: BYND) to have a good day on the stock market, but that's what occurred on Friday. After the company announced the dramatic expansion of a new product line, investors piled into its equity, and Beyond Meat shares closed the trading session more than 15% higher. Beyond Meat announced that it has rolled out four...
It isn't typical for beleaguered alt-protein food product specialist Beyond Meat (NASDAQ: BYND) to have a good day on the stock market, but that's what occurred on Friday. After the company announced the dramatic expansion of a new product line, investors piled into its equity, and Beyond Meat shares closed the trading session more than 15% higher. Beyond Meat announced that it has rolled out four new flavors of its Beyond Immerse line of sparkling drinks. Customers wishing to quaff the company's offerings infused with plant-based protein, fiber, electrolytes, and antioxidants can now opt for cherry berry, strawberry lemonade, cucumber grapefruit, or piña colada flavors. Image source: Getty Images. Continue reading
Accenture (ACN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Accenture (ACN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Trump administration’s unlawful policy turns ‘refugees’ American Dream into a dystopian nightmare’, judge says A federal judge has blocked a Trump administration policy that allowed immigration authorities to arrest and detain certain refugees in Minnesota, ruling that the government relied on an incorrect interpretation of federal law and unlawfully targeted people who had already been admitted t...
Trump administration’s unlawful policy turns ‘refugees’ American Dream into a dystopian nightmare’, judge says A federal judge has blocked a Trump administration policy that allowed immigration authorities to arrest and detain certain refugees in Minnesota, ruling that the government relied on an incorrect interpretation of federal law and unlawfully targeted people who had already been admitted to the US. In an order on Friday, the court said the administration’s approach had effectively been “terrorizing” refugees by subjecting them to arrest and potentially indefinite detention despite their lawful status. The judge concluded that federal immigration law does not give the Department of Homeland Security (DHS) authority to detain refugees simply because more than one year has passed since their arrival in the country. Continue reading...
Zscaler Founder, Chairman and CEO Jay Chaudhry joins Bloomberg Businessweek Daily to discuss the company's latest earnings results, which weren't seen as strong enough to reverse some of the recent negative sentiment toward software companies. The firm is also expanding its portfolio beyond its core secure access service edge product, which is fueled by AI and data-security offerings tied to the d...
Zscaler Founder, Chairman and CEO Jay Chaudhry joins Bloomberg Businessweek Daily to discuss the company's latest earnings results, which weren't seen as strong enough to reverse some of the recent negative sentiment toward software companies. The firm is also expanding its portfolio beyond its core secure access service edge product, which is fueled by AI and data-security offerings tied to the deployment of AI agents. Amid broader AI worries, Chaudhry also says that AI is "an opportunity... not a threat" to Zscaler. Chaudhry speaks with Carol Massar, Tim Stenovec, and Bloomberg Intelligence Global Head of Technology Research Mandeep Singh. (Source: Bloomberg)
Andrii Dodonov/iStock via Getty Images By Jennifer Nash The latest report on the Producer Price Index (PPI) shows that wholesale inflation for final demand increased by 0.5% in January. This uptick was higher than the expected 0.3% growth and follows a 0.4% increase in December. On an annual basis, the headline PPI cooled from 3.0% to 2.9% year-over-year, but still came in above the forecast of 2....
Andrii Dodonov/iStock via Getty Images By Jennifer Nash The latest report on the Producer Price Index (PPI) shows that wholesale inflation for final demand increased by 0.5% in January. This uptick was higher than the expected 0.3% growth and follows a 0.4% increase in December. On an annual basis, the headline PPI cooled from 3.0% to 2.9% year-over-year, but still came in above the forecast of 2.6%. Core PPI, which excludes food and energy prices, was up 0.8% in January after a 0.6% reading in December. This was higher than the expected 0.3% monthly growth. On an annual basis, core PPI heated up to 3.6% in January from 3.3% in December, coming in above the projected 3.0% reading. Producer Price Index: Finished Goods The BLS shifted its focus to the "final demand" PPI series in 2014, but data for these series extend only back to November 2009 for headline PPI and April 2010 for core PPI. Since our analysis emphasizes longer-term trends, we continue to track the legacy PPI for finished goods, which the BLS still includes in its monthly updates. As a later overlay chart will illustrate, the final demand and finished goods indexes remain highly correlated. In January, the PPI for finished goods was down -0.8% month-over-month, down from -0.1% in December. Year-over-year, headline PPI for finished goods cooled to 0.7% from 1.9% in December. Meanwhile, core PPI for finished goods was up 0.4% on the month, up from 0.3% in December. On an annual basis, core PPI for finished goods heated up to 3.8% from 3.4% in December, its highest reading since July 2023. Producer Price Index (PPI) vs. Consumer Price Index (CPI) Both PPI and CPI illustrate monthly price changes. However, as their names suggest, the Producer Price Index measures price changes from the producer perspective, whereas the Consumer Price Index measures price changes from the consumer perspective. PPI is thought to be a leading indicator of consumer inflation because, for the most part, when producers pay more f...
Paramount Skydance received a big vote of confidence from its controlling shareholders, including the Ellison family, when they agreed to fully back an equity offering to help fund the company’s deal for Warner Bros. Discovery at a big premium above Paramount’s stock price. Late Friday, Paramount outlined some of the financial highlights of its $110 billion deal for Warner Bros at $31 a share in c...
Paramount Skydance received a big vote of confidence from its controlling shareholders, including the Ellison family, when they agreed to fully back an equity offering to help fund the company’s deal for Warner Bros. Discovery at a big premium above Paramount’s stock price. Late Friday, Paramount outlined some of the financial highlights of its $110 billion deal for Warner Bros at $31 a share in cash.