Mid-Day Market Update: Gold Down 2%; Community Bankers Trust Shares Spike Higher
Midway through trading Thursday, the Dow traded up 0.07% to 34,623.16 while the NASDAQ fell 0.55% to 13,680.32. The S&P also fell, dropping 0.14% to 4,202.12.
Beyond Meat Needs To Go Above And Beyond To Combat The Headwinds
For most of 2020, the pandemic-shaped year, COVID-19 wreaked havoc on the food and restaurant industry.
Shippo Reaches Unicorn Status With $50M Raise
Shippo, an e-commerce shipping platform, has announced it has raised $50 million in new funding led by Bessemer Venture Partners. The company has raised a total of $154.3 million since 2014.
This round has pushed Shippo to unicorn status, now valued at $1 billion.
Mid-Morning Market Update: Markets Open Lower; JM Smucker Posts Upbeat Q4 Profit
Following the market opening Thursday, the Dow traded down 0.28% to 34,502.44 while the NASDAQ fell 0.98% to 13,621.46. The S&P also fell, dropping 0.54% to 4,185.22.
Alibaba To Support Small Korean Exporters With Logistics Services
The logistics arm of Chinese e-commerce platform Alibaba Group (NYSE: BABA) has signed a deal with the Korea SMEs and Startups Agency (KOSME) to serve as a third-party logistics provider for affiliated small and midsize exporters shipping to China, furthering its efforts to extend logistics services
Enable Midstream Partners Reports Federal Energy Regulatory Commission Approval For Its Gulf Run Pipeline Project
Enable Midstream Partners, LP (NYSE:ENBL) announced today that the Federal Energy Regulatory Commission (“FERC”) has granted approval to construct and operate the Gulf Run Pipeline project under section 7(c)
Container Ship Scores ‘Off The Charts,’ ‘Fantasy’ Charter Rate: $135,000/Day
In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs).
"Charter rates for short employment … have gone out of control," said Alphaliner in its new weekly report.
Mid-Afternoon Market Update: Constellation Pharmaceuticals Surges Following Acquisition News; Protalix BioTherapeutics Shares Slide
Toward the end of trading Wednesday, the Dow traded up 0.05% to 34,594.18 while the NASDAQ fell 0.16% to 13,715.08. The S&P also rose, gaining 0.02% to 4,202.76.
LTL Carriers See Strong Trends Flow Through Second Quarter
A couple of less-than-truckload carriers provided updates through the first two months of the second quarter on Wednesday. The year-over-year advances were very large and reflected easy comparisons to 2020, which experienced a sharp falloff as parts of the economy were knocked offline amid expanding COVID-related shutdowns.
Watching Crude Oil As Reports Circulate Of Fire At Iranian Refinery In Tehran
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