Author: Anthony M. Orbison
By Julie Ingwersen and Karl Plume CHICAGO (Reuters) – Archer-Daniels-Midland Co is idling its only soybean processing plant in Iowa for weeks in the thick of a record U.S. harvest, the grain merchant told Reuters, tightening supplies of soymeal fed to livestock. The temporary closure eliminates a market for farmers to sell their soy as low crop prices slash incomes and removes a source of livestock feed for buyers in the U.S. and overseas. Expectations for the shutdown helped push cash soymeal prices at the Gulf export terminal to their highest level in a decade. ADM’s facility in Des Moines…
VeChain (VET) follows the general crypto market trend, facing a significant correction over the last few days. The asset is down 1% in the daily charts, 15.8% in the weekly charts, and 3.6% in the 14-day charts. VET has maintained some gains in the monthly and yearly charts, rallying 8.5% and 34.6%, respectively. In this price prediction article, let’s discuss how high VET may go over the coming weekend.Source: CoinGeckoAlso Read: Ripple: Bitwise Filing Ignites XRP’s Bullish Potential, Data ShowsWhy Is The Asset’s Price Dipping?VeChain (VET) is following Bitcoin’s (BTC) trajectory. The original cryptocurrency briefly fell below $60,000 but has…
We know that collaborating with generative AI (GenAI) can boost workers’ performance on tasks that they already have the skills to complete. But what if GenAI can also help workers perform tasks that they had no chance of completing on their own? That is, not only enhance performance but also expand workers’ capabilities outside their area of expertise? Our research shows that GenAI can do just that for a company’s workforce—a shift that could not only transform talent strategies but also redefine the competitive landscape for many companies with limited access to expertise. This new insight into how workers and technology interact comes from BCG Henderson…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.You don’t need to be a professional chef to know that after using a knife for a long time, it can get dull. Dull knives make it more difficult to cut and can even make using them a safety hazard — since you’re more prone to slipping, accidents are bound to happen. But there’s one easy way to fix it, and it’s a knife sharpener.The Chef’s Choice 1520 Professional Electric Knife Sharpener is an amazing option for…
A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI). The analyst pseudonymously known as Bluntz tells his 278,500 followers on the social media platform X that the feline-inspired memecoin, Simon’s Cat (CAT), “looks finally ready for the next leg higher.” According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, CAT has completed a three-wave correction to the downside in the four-hour time frame and has enjoyed a “few days of accumulation.” The Elliott Wave theory states…
(Bloomberg) — European stocks and US futures fluctuated ahead of key American jobs data that will help identify the path for interest rates. An oil price rally eased after spiraling tensions in the Middle East led to the biggest one-day jump in almost a year.Most Read from BloombergThe Stoxx 600 index was little changed, poised for a weekly loss as optimism over Chinese stimulus faded. Treasuries were flat after selling off on Thursday and an index of dollar strength was set for the biggest weekly gain in nearly six months as traders pared back expectations for aggressive US rate cuts.Amid…
Investing.com — Shares of DSV A/S (OTC:) (CSE:) jumped on Friday after the Danish logistics giant raised its full-year guidance and pre-released third-quarter results that were in line with expectations. At 4:21 am (0821 GMT), DSV A/S was trading 6.2% higher at DKK 1,498. The company now anticipates adjusted EBIT for 2024 to be in the range of DKK 16 to 17 billion, up from its previous forecast of DKK 15.5 to 17.0 billion. “We do not expect any revisions in the consensus,” said analysts at Citi Research in a note. The upward revision has boosted investor confidence, particularly as…
U.S. spot Bitcoin exchange-traded funds experienced a second consecutive day of outflows on Oct. 2, as Bitcoin’s price dropped below $61,000, driven by escalating tensions in the Middle East. According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs recorded $91.76 million in net outflows, continuing from the previous day’s $242.53 million withdrawal. ARK 21Shares’ ARKB fund led the outflows, with $60.26 million exiting the fund, marking its third consecutive day of losses. Grayscale’s flagship GBTC followed closely, registering $27.31 million in outflows, bringing its total withdrawals since inception to $20.12 billion. Notably, BlackRock’s IBIT ETF saw its first…
Oct. 04, 2024 3:14 AM ETNPNYY, CICOF, AMKAF, AMKBF, CICOY, NYUKF, OROVF, OROVY, AMKBY, HPGLY, HLAGF, BDRY, ZIM, BOAT, BWETBy: Jessica Kuruthukulangara, SA News Editor Spencer Platt/Getty Images News Dockworkers at ports in the East and Gulf coasts ended their three-day strike after reaching a tentative agreement with employers that includes a wage hike of about 62% over six years, Reuters reported, citing two sources familiar with the matter. Source link
As America’s most iconic denim jeans brand, Levi’s has been at the center of culture since its inception in 1853. Over a century and a half later, the denim garment maker remains relevant across all generations. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterCurrently, Levi Strauss & Co. (LEVI) is one of the largest apparel companies and the largest pants maker in the world.However, while some of its recent business moves may threaten its highly coveted titles, its latest strategy to increase revenues could be the company’s saving grace. Michelle Gass, president and chief executive officer of Levi Strauss &…