Monday, 25 Nov 2024

Oil Rally Stalls Amid Virus Worries

Man shot, killed at Bristol Point Shopping Center in Aurora

A man was shot and killed at an Aurora shopping center Wednesday night, Aurora police said.

Authorities say they responded to multiple 911 calls after a 7:52 p.m. shooting at Bristol Point Shopping Center in the 800 block of South Buckley Road.

According to the Aurora Police Department, the man was shot multiple times and died at the scene.

The man’s name has yet to be released by the Arapahoe County Coroner’s Office.

Officials are investigating the shooting as a homicide and are asking those with information to call Metro Denver Crime Stoppers.

Police said on Wednesday that they still needed help identifying a suspect.

Sanderson Farms Q3 Profit Soars, Results Top Estimates – Quick Facts

Poultry producer Sanderson Farms Inc. (SAFM) on Thursday reported net income for the third quarter of $164.76 million or $7.38 per share, sharply higher than $32.81 million or $1.48 per share in the year-ago quarter.

Net sales for the quarter rose to $1.35 billion from $956.46 million for the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $6.37 per share on revenues of $1.28 billion for the quarter. Analysts’ estimates typically exclude special items.

The T List: Five Things We Recommend This Week

Curated sardines, a new guesthouse in Arles — and more.

Lancaster Colony Q4 Profit Rises, But Misses Estimates – Quick Facts

Food company Lancaster Colony Corp. (LANC) on Thursday reported net income for the fourth quarter of $31.73 million or $1.15 per share, higher than $30.39 million or $1.10 per share in the year-ago quarter.

Net sales for the quarter rose 20.2 percent to $385.57 million from $320.85 million for the same quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $1.31 per share on revenues of $368.29 million for the quarter. Analysts’ estimates typically exclude special items.

Share your experiences of the UK supply chain shortage

We would like to hear about the items you are finding it difficult to buy in the UK

Last modified on Thu 26 Aug 2021 06.40 EDT

Businesses such as supermarkets, restaurants and bars have been struggling to cope due to the UK supply chain shortage. Places like McDonald’s have reported a shortage of milkshakes and Iceland have said they are running out of bread.

We would like to hear about the items you are finding it difficult to buy in the UK.

Share your experiences

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Gold Dips As Dollar Rises

Gold prices extended losses into a third day Thursday as the dollar rose from one-week lows, supported by higher U.S. Treasury yields ahead of the U.S. Federal Reserve’s symposium in Jackson Hole, Wyoming, beginning later in global day.

Spot gold fell 0.2 percent to $1,787.24 per ounce, while U.S. gold futures edged down 0.1 percent to $1,788.60.

Benchmark 10-year Treasury yields hovered near a two-week high as traders await Jackson Hole symposium for more insights about the Fed’s plan to scale back bond purchase program.

Fed Chair Jerome Powell will deliver a speech on Friday, which will be parsed over whether the delta threat may forbid an imminent tightening of policy.

On the economic front, a survey showed that the outlook amongst consumers in Germany is deteriorating heading into September.

Gfk forward looking consumer confidence index dropped from -0.4 to -1.2, marking the worst reading in three months as accelerating inflation and rising COVID-19 cases made consumers more hesitant to buy.

U.S. GDP data for second quarter and weekly jobless claims for the week ended August 21 will be released in the New York session.

Dollar Tree Inc. Q2 Earnings Climb, Beats estimates

Dollar Tree Inc. (DLTR) announced earnings for its second quarter that rose from last year.

The company’s profit came in at $282.4 million, or $1.23 per share. This compares with $261.5M, or $1.10 per share, in last year’s second quarter.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 1.0% to $6.34 billion from $6.28 billion last year.

Dollar Tree Inc. earnings at a glance:

-Earnings (Q2): $282.4 Mln. vs. $261.5M. last year.
-EPS (Q2): $1.23 vs. $1.10 last year.
-Analysts Estimate: $1.01
-Revenue (Q2): $6.34 Bln vs. $6.28 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.88 to $0.98
Next quarter revenue guidance: $6.40 – $6.52 Bln
Full year EPS guidance: $5.40 to $5.60
Full year revenue guidance: $26.19 – $26.44 Bln

Oil Rally Stalls Amid Virus Worries

Oil prices fell on Thursday for the first time this week as fresh outbreaks fueled by the Delta variant of the coronavirus raised concerns about the strength of the economic recovery globally.

Benchmark Brent crude futures were down 0.9 percent at $70.61 a barre, after having climbed 1.7 percent in the previous session.

U.S. West Texas Intermediate crude oil futures fell over 1 percent to $67.64 a barrel, after gaining 1.2 percent on Wednesday.

Oil dropped after the biggest three-day gain since March amid renewed concerns about demand as Russia reported its highest daily coronavirus death count and Australia exceeded 1,000 daily Covid-19 infections for the first time since the start of the pandemic.

The return of output in Mexico also weighed on prices. Pemex said it has restored about 17 percent of the more than 400,000 bpd in oil production it lost due to a fire that erupted on an offshore platform on Sunday.

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