Oil stocks have continued to show a peculiar disconnect from the commodity they track, with oil equities staging a powerful rally even as oil prices have fallen sharply since the last OPEC meeting. Over the past two months, the energy sector’s leading benchmark, the Energy Select Sector SPDR Fund (NYSEARCA: XLE),...
LONDON, Sept 4 (Reuters) - OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, five OPEC+ sources said, although some sources would not rule out a small production cut to bolster prices that have slid due to fears of an economic slowdown.
The...
Disney CEO Bob Iger on Monday said his company will begin laying off staff starting this week, the first of three rounds of expected cuts following his announcement in February that the company would axe 7,000 jobs.
The cuts to Disney’s global workforce are part of a multibillion-dollar cost-cutting initiative...
Affirm shares popped 28% on Friday, a day after the buy now, pay later firm reported fiscal fourth-quarter results that topped expectations and gave optimistic guidance for the first quarter.
Here’s how the company did:
Loss per share: 69 cents vs. 85 cents as expected by analysts, according to Refinitiv.
Revenue: $446 million vs. $406...
The head of Conagra Brands on Thursday revealed a "likely temporary" behavioral shift the company has observed from grocery shoppers in recent months.
During Conagra’s fourth-quarter earnings call, CEO Sean Connolly noted that some consumers were "hunkering down" and "buying fewer items overall," a move they had done rather than...
Thousands of former Toys R Us employees face an uncertain future after hundreds of stores were closed. But Geoffrey the Giraffe is back to work.
The mascot made a surprise appearance last week at one of the largest wholesale events in the toy industry. That was just days after court...
