Hershey and Mondelez International investors will be eager to see how the chocolate makers plan to tackle the recent surge in cocoa and sugar prices when they report first quarter results this week.
Fulton Financial’s shares pared gains on Monday after it launched a common stock offering to support its acquisition of the deposits and assets of Republic First from regulators, which marked the first U.S. bank failure of 2024.
Chinese electric vehicle (EV) maker BYD posted its weakest quarterly profit growth since 2022 on Monday while its revenue growth slowed to the lowest level in nearly four years, hit by slowing EV demand and a bruising price war in the world’s largest auto market.
Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a quarter percentage point this year and next as U.S. inflation and the labor market remain resilient.
European Union regulators are expected to open a probe into Meta Platforms over concerns that the company is failing to do enough to counter disinformation from Russia and other countries, the Financial Times reported on Monday.
Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, Chairman Ahmet Bolat said on Monday.
Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to resolve claims over recalled breathing devices in the United States.
Chinese shoppers are spending a little more on diapers and some Colgate toothpastes, according to executives at the makers of these products, even as consumers fret about the country’s property crisis and faltering economy.
