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FedEx shares climbed this week as the delivery company’s full-year outlook and Q3 results easily topped Wall Street. For the year, FedEx looks to earn between $10.70 and $10.90 a share versus forecasts of
According to the EIA, the nation’s crude oil supplies rose by a much smaller-than-expected 1.3 million barrels versus forecasts for a build of 2.7 million barrels. The news sent futures rallying
U.S. retail sales fell in February after being downwardly revised in January, as gasoline savings were more than offset by higher rent and healthcare costs. January was revised to show a decline of 0.4 percent, while
According to the International Cocoa Organization, there will be a global cocoa supply deficit of 113,000-metric tons this season as a strong Harmattan and El Niño weather phenomenon result in a production downturn of 1.8 percent. The ICCO now sees world output at
The U.S. dollar experienced its largest downturn in 7-years following comments from the Federal Reserve that signaled plans to scale back the rate of interest rate hikes for the year. The greenback dropped
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Shares of Oracle Corp. made their largest advance in more than a year after the company posted a larger-than-expected Q3 profit of $0.64 a share thanks to strong revenue gains from its cloud-based unit. Shares jumped nearly
U.S. natural gas futures fell after the EIA reported that supplies fell by just 1 billion cubic feet to 2.478 trillion cubic feet compared to forecasts for a draw of 2 billion cubic feet. Prices dropped
U.S. homebuilder confidence held at a 9-month low in March, as supplies remained low and home-price appreciation continued to outpace wage growth. According to the National Association of Home Builders/Wells Fargo builder sentiment index
Although the planted area is expected to remain virtually unchanged this year at 3.28 million hectares, Germany’s 2016 wheat harvest is projected to drop 1.7 percent as yields fall
Gold futures surged on Thursday, as the U.S. dollar fell following the Federal Reserve’s decision to lower interest-rate expectations from four potential increases this year to just two more for the year. Gold rallied nearly
Shares of Caterpillar Inc. fell in pre-market trading on Thursday after the company called for both profit and revenue to fall short in the first quarter as miners cut their investment budgets in order to survive a retreat in commodities. Shares slid
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