Packaged foods company Conagra Brands (NYSE:CAG) guided fiscal 2025 profit below expectations and reported mixed fourth quarter results, sending its shares down as much as 4.7% on Thursday. The company said it expects to earn adjusted earnings between $2.60 and $2.65 per share in 2025, below the average analyst estimateContinue Reading
Imports of goods to Australia grew by 3.9% month-over-month to AUD 38.21 billion in May 2024. It was a reversal from a marginally revised 7.0% plunge in the previous month, with purchases rising for all components. The S&P/ASX 200 Index jump 1.2% to around 7,835.6 on Thursday, extending gains fromContinue Reading
Sean Anthony Eddy Global stocks in information technology (NYSEARCA:IXN) and industrials (EXI) have the highest dividend weighted average forecast growth over the next 12 months, according to UBS analysts. Quant data by UBS analysts showed that the largest dividend growth within the global sectors is for information technology (IXN) atContinue Reading
lorozco3D Private nonfarm payrolls rose 150K in June, compared with an upwardly revised 157K in May, according to ADP’s monthly labor market measure out Wednesday. The rise of 150K was below economists expectations for a rise to 163K. “Job growth has been solid, but not broad-based,” ADP Chief Economist NelaContinue Reading
straga/iStock via Getty Images U.S. natural gas futures tumbled to six-week lows Monday, pressured by a loss of demand implied in weekend weather forecasts and recovering U.S. production, with analysts looking for support around $2.50/MMBtu, a level not seen since late May. “Natural gas has been chipping away at theContinue Reading
Faced with the challenge of “navigating macro headwinds that will have a pronounced impact on fiscal 2025” and continued softness in China, Nike (NYSE:NKE) now expects FY25 sales for the sportswear giant to be down mid-single-digits with sales in the first half of the year down by high-single-digits. The companyContinue Reading
Photo by Zbynek Burival on Unsplash Time series forecasting is a specific machine learning (ML) discipline that enables organizations to make informed planning decisions. The main idea is to supply historic data to an ML algorithm that can identify patterns from the past and then use those patterns to estimateContinue Reading
