Shares of United Natural Foods Inc. UNFI, -0.92% plunged 20.8% toward a 19-month low in premarket trading Wednesday after the grocery wholesaler reported fiscal second-quarter profit that missed by a ...
Tag: Tobacco
The peak of this market rally is almost here, says JPMorgan. Time to ditch U.S. stocks, and buy these instead, says Wall Street giant.
Roses are red, violets are blue, will CPI turn into the stock market’s Waterloo? The inflation data showed higher prices remain sticky, even if overall pressure eased a bit. The stock market seems to ...
PepsiCo Q4 earnings beat estimates as guidance falls short; board approves 10% dividend hike
PepsiCo Inc. PEP, +1.12% said Thursday it had net income of $518 million, or 37 cents a share, in the fourth quarter, down from $1.322 billion, or 95 cents a share, in the year-earlier period. Adjuste...
The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stocks are off to a weaker start as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that th...
British American Tobacco shares retest key level ahead of earnings
British American Tobacco (LON: BATS) share price continued its bullish momentum on Monday as investors waited for the upcoming Q4 and full-year results. The shares rose by over 1%, making it the best ...
Altria tops earnings estimates for Q4, board approves $1 billion share buyback program
Altria Group Inc. MO, +4.95% said Wednesday it had net income of $2.690 billion, or $1.50 a share, in the fourth quarter, up from $1.624 billion, or 88 cents a share, in the year-earlier period. Exclu...
Archer Daniels Midland blows past Wall Street’s profit and revenue estimates
Archer Daniels Midland Co. ADM, -1.24% said Thursday its fourth-quarter profit rose to $1.02 billion, or $1.84 a share, from $782 million, or $1.38 a share, in the year-ago quarter. Adjusted earnings ...
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks logged a third-straight losing session on Thursday as investors continue to deal with a mixed bag of economic data. That followed Wednesday’s session and extremely weak industrial production th...
Albertsons to finally pay out special dividend, which has been delayed by courts
Shares of Albertsons Companies Inc. ACI, -0.24% jumped 2.0% in premarket trading Thursday, to buck the selloff in the broader market, after the grocery chain, which has agreed to be acquired by Kroger...
P&G earnings: Sales are set to fall for the first time in 5 years as higher prices take a toll
Procter & Gamble Co. can be expected to beat expectations, as it usually does, when it reports fiscal second-quarter earnings later this week, but investors can assume that continued price increas...
Avocado prices are plunging, sending Mission Produce stock toward its worst day ever
Mission Produce Inc. shares headed for their worst day yet on Friday, following an earnings report that showed the effects of rapidly declining avocado prices. Mission Produce AVO, -15.20% reported a ...
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances w...
British American Tobacco Provides Trade Update; Says US Consumers Wary Of Inflation
British American Tobacco PLC (NYSE: BTI) has provided a trading update and confidence in delivering its 2022 guidance. The company expects FY22 revenue growth of 2% – 4% at constant currency rat...
British American Tobacco Tips 2% To 4% FY Sales Rise As Non-Combustibles Impress
Advertisement for Lucky Strike cigarettes. Undated illustration. Photo by Bettmann Archive/Getty … [+] Images Bettmann Archive British American Tobacco said it expects sales to grow by low-to-mi...
Tobacco Tycoon’s Wealth Declines As Indonesia Ratchets Up Taxes To Curb Smoking
This story appears in the December 2022 issue of Forbes Asia. Subscribe to Forbes Asia Susilo Wonowidjojo Gudang Garam This story is part of Forbes’ coverage of Indonesia’s Richest 2022. See the full ...
Suze Orman says, ‘We’re heading downhill very fast,’ unless employers start providing this lucrative benefit to their workers
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when pe...
Black Friday surprise: Jeff Bezos tells people not to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-tail behemoth Amazon, has some spending tips as Americans gear up for the holiday shopping season — amid four-decade-high inflation and recession worries. Her...
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside JPMorgan is predicting a “cascade of margin calls, deleveraging and crypto company/platform failures...
The S&P 500 can get to 4,150 before ‘reality sets in,’ says Morgan Stanley’s normally bearish top strategist
We’re almost through one of the most feared months of trading, which as it turns out, is set to deliver the best return for the Dow industrials since 1976, and best month since July for the S&P 50...
Millions of working Americans are living paycheck-to-paycheck — and running out of cash as another recession looms
Inflation is taking its toll on people’s emergency funds. The share of workers who say they are living paycheck-to-paycheck has surged among middle- to high-income earners — 63% and 49%, respectively ...
‘The mood has turned darker’: Desperate to outrun inflation, people are making big (and easy) changes to their habits. You can too.
We never were the same after last summer. Stubbornly high inflation rates in recent months and several interest rate hikes by the U.S. Federal Reserve are impacting consumer behavior. That’s according...
He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.
A Wall Street hat trick may not be on the cards, with stocks in the red for Wednesday. A two-day rally was never a guaranteed exit out of the bear woods anyway, as some say signs of a durable bottom a...
Intel’s dividend cut shows the need for quality. Here are 20 dividend stocks screened by UBS.
Stocks that pay high dividends can provide comfort during times of market turmoil. It is much easier to be patient if money is rolling in, and a strategy of reinvesting dividends may outperform when t...