Stocks Finish Volatile Trading Session Sharply Lower – U.S. Commentary

Stocks Finish Volatile Trading Session Sharply Lower – U.S. Commentary
Stocks saw substantial volatility over the course of the trading session on Thursday before ending the day sharply lower. The major averages finished the day firmly in the red, adding to the steep losses posted in the previous session. The major averages closed firmly in negative territory but off their lows of the session. The Dow plunged 545.91 points or... Read More

Futures Move Lower Following Producer Prices Report

Futures Move Lower Following Producer Prices Report
The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to move to the downside after closing mixed for two consecutive sessions. Stock futures fluctuated earlier in the day before coming under pressure following the release of the Labor Department’s report on producer price inflation in the month of September. The report said producer... Read More

Microsoft announces strategic investment in Singapore’s Grab

Microsoft announces strategic investment in Singapore’s Grab
Microsoft Corp. MSFT, -1.14% on Monday announced a strategic investment in Singapore-based ride-hailing company Grab. The five-year deal will see the companies collaborate on technologies including big data, artificial intelligence and mobility solutions, Microsoft said in a statement. The sum of the investment was not announced. “Our partnership with Grab opens up new opportunities to innovate in both a rapidly... Read More

Conagra stock upgraded on growth potential from Pinnacle deal

Conagra stock upgraded on growth potential from Pinnacle deal
Conagra Brands Inc. CAG, +3.20% was upgraded to buy from neutral at UBS on the company’s long-term growth potential, which stems in large part from its $8.2 billion acquisition of Pinnacle Foods. Analysts raised Conagra’s price target to $40 from $38. Over the next three years, UBS is expecting Conagra’s accelerating performance metrics, including volume growth and reduced discounting, along... Read More

Ukrop’s Homestyle Foods Recalls Sliced Deli-meat Over Listeria Risk

Ukrop’s Homestyle Foods Recalls Sliced Deli-meat Over Listeria Risk
Ukrop’s Homestyle Foods is recalling roughly 18,296 pounds of ready-to-eat meat and poultry deli-sliced products due to possible Listeria contamination, according to the the U.S. Department of Agriculture’s Food Safety and Inspection Service. Produced and packaged from Sept.14, 2018 through Oct.3, 2018, the affected products bear establishment number “EST.19979” inside the USDA mark of inspection, and were shipped to retail... Read More

Chipotle’s stock rallies after KeyBanc starts covering will bullish rating, $500 target

Chipotle’s stock rallies after KeyBanc starts covering will bullish rating, $500 target
Shares of Chipotle Mexican Grill Inc. CMG, +1.69% rose 1.6% in afternoon trade Thursday, bucking the weakness in the broader market, after KeyBanc Capital analyst Eric Gonzalez started coverage of the Mexican food fast-casual restaurant chain with a bullish overweight rating on the belief the company is headed in a better strategic direction under the leadership of Brian Niccol, who... Read More

JBS Tolleson recalls 3,250 tons of beef for possible Salmonella contamination

JBS Tolleson recalls 3,250 tons of beef for possible Salmonella contamination
JBS Tolleson Inc., an Arizona-based unit of Brazil’s JBS S/A JBSAY, -0.64% JBSS3, -0.32% is recalling over 6.5 million pounds of beef, citing potential Salmonella Newport contamination. The U.S. Department of Agriculture said the raw, non-intact beef items, including ground beef, were packaged between July 26 and Sept. 7, and bear the establishment number “EST. 267” inside the USDA mark... Read More

VistaGen shares surge 13% after FDA grants fast track status to non-opioid pain treatment

VistaGen shares surge 13% after FDA grants fast track status to non-opioid pain treatment
VistaGen Therapeutics Inc.’s stock VTGN, +2.70% surged 13% in premarket trade Wednesday, after the company said it has been awarded U.S. Food and Drug Administration Fast Track Designation for a non-opioid pain treatment. The FDA has granted the designation, which aims to expedite the review of drugs for diseases with high unmet needs, to VistaGen’s AV-101 small molecule NMDA (N-methyl-D-aspartate)... Read More

United Nations court says U.S. must lift Iran sanctions on ‘humanitarian’ goods

United Nations court says U.S. must lift Iran sanctions on ‘humanitarian’ goods
The top court at the United Nations on Wednesday ordered the U.S. to lift sanctions on “humanitarian” goods, including medicine, food and airplane parts, to Iran that President Donald Trump re-imposed after pulling out of the 2015 Iran nuclear deal, CBS and other news outlets reported. Trump slapped a first round of sanctions on Iran in August after pulling out... Read More

European Shares Rise Ahead Of Theresa May’s Speech

European Shares Rise Ahead Of Theresa May’s Speech
European stocks rebounded on Wednesday after reports that Italy plans to reduce budget deficit by 2.0 percent in 2021. The Italian newspaper Corriere della Sera reported that the government estimates a budget deficit of 2.4 percent of GDP for 2019, and then slash it to 2.2 percent for 2020. Italian bond yields fell after the report, helping lift banking stocks.... Read More