Cleveland-Cliffs Raises Steel Prices, Stocks Jump
Takeaways Shares of Cleveland-Cliffs and other steel producers gained Wednesday after raising steel prices. The company set a base price for steel. Hot-rolled steel at $750 a ton.
Subsidiary NextEra Energy reduces its distribution growth prospects and its shares in the two wells
Takeaways NextEra Energy subsidiary NextEra Energy Partners, LP, cut its distribution growth outlook in half. The company said the move was necessary because of the Fed's tightening monetary
MillerKnoll shares sharp rise after beating estimates as workers return to office
Takeaways MillerKnoll reported better-than-expected profits and sales and raised its forecast for higher demand as workers return to the office. The furniture company said the gains were particularly
United Natural Foods shares crater after posting loss, forecast misses estimates
Takeaways United Natural Foods reported a loss in the fourth quarter of fiscal 2023 and cautioned about its outlook for the full year. The company said that Even
Losses pile up on EUR/USD as risk aversion boosts Dollar
The EUR/USD's tumble continues, with the currency pair hitting a new low at 1.0556 in the early hours of Wednesday, the lowest since mid-March. The single currency has
Forex market analysis as of September 27, 2023
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FTC files antitrust suit against Amazon
Key takeaways The Federal Trade Commission along with 17 states sued Amazon, alleging it uses illegal monopoly power. The plaintiffs say Amazon's actions prevent sellers and others platforms
Immunovant shares soar after trial of its autoimmune drug exceeds expectations
Takeaways Immunovant shares soared nearly 100% Tuesday after positive results from a Phase 1 trial of the biopharmaceutical company's new autoimmune treatment. The injectable treatment reduced some antibodies
Fisker speeds up deliveries, increasing shares of electric vehicle maker
Takeaways Fisker said it would deliver 300 of its electric Ocean SUVs per day by the end of the year. The company added that it has produced 5
Alcoa appoints new CEO and shares fall
Takeaways Alcoa shares fell after the aluminum producer announced that William Oplinger, executive vice president and chief operating officer, had taken over as CEO. Oplinger replaced Roy Harvey,