While you were sleeping: GM, Ford rally on sales
By Margreet Dietz Oct. 4 (BusinessDesk) - Wall Street climbed to record highs, as the latest US new car sales data exceeded analysts’ expectations and bolstered shares of General Motors and Ford Motor. Shares of General Motors rose, up 2.7 percent as of 2.28pm in New York,...
Dairy product prices including whole milk powder unexpectedly drop
By Margreet Dietz Oct. 4 (BusinessDesk) - Dairy product prices unexpectedly declined at the Global Dairy Trade auction, falling for the fifth time in eight auctions, amid confidence in ample supply. The GDT price index fell 2.4 percent from the previous auction two weeks ag...
While you were sleeping: US manufacturing lifts mood
By Margreet Dietz Oct. 3 (BusinessDesk) - US stocks and the dollar gained, with the Dow and S&P 500 climbing to records, as reports of better-than-expected manufacturing activity bolstered optimism about the outlook for the economy and corporate profits. “You’ve seen a pre...
While you were sleeping: McDonald's leads gains in Dow
By Margreet Dietz Sept. 29 (BusinessDesk) - US equities moved higher, bolstered by gains in shares of McDonald’s amid an analyst upgrade for the stock. Shares of McDonald’s rose, leading the Dow Jones Industrial Average higher, after Longbow Research raised its rating on th...
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