Alex Wong/Getty Images Stocks slumped Tuesday amid rising bond yields. Investors are adjusting outlooks for interest rate cuts from the Fed. On the earnings front, Tesla, UPS, and Boeing will report later in the week. US stocks headed for their second losing session in a row, with major indexes slumping Tuesday morning amid a rise in bond yields. Investors were put off by a steep jump in the US 10-year Treasury yield, which surged 11 basis points on Monday. The key bond yield jumped above 4.2% for the first time since July. Though yields have since steadied at around 4.176%,…
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CHICAGO, Oct. 22, 2024 (GLOBE NEWSWIRE) — Amlan International, a leading innovator in mineral-based feed additives for poultry and livestock production, is excited to announce the appointment of Mr. Pinyo Kantasakorn as Regional Sales Manager for the Asia Pacific region. With extensive experience in sales in the animal nutrition sector, Pinyo will play a vital role in driving Amlan’s growth and expanding its market presence in the Asia Pacific region. Pinyo brings over 18 years of strategic sales experience, having held key roles focused on animal nutrition and feed products. Most recently, he served as National Sales Manager at a…
VANCOUVER, British Columbia–(BUSINESS WIRE)–AbCellera (Nasdaq: ABCL) today announced that executives from the Company will be presenting at the following investor conferences:Stifel Healthcare Conference on Monday, November 18, 2024, at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time)Jefferies London Healthcare Conference on Tuesday, November 19, 2024, at 10:00 a.m. Pacific Time (5:00 p.m. Greenwich Mean Time)Live audio webcasts of each presentation may be accessed through links that will be posted on AbCellera’s Investor Relations website. Replays of each webcast will be available through the same links following the presentations. About AbCellera Biologics Inc. AbCellera (Nasdaq: ABCL) discovers and develops antibody medicines…
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty ImagesIt was a big finish for the 2024 WNBA season.The fifth game of this year’s WNBA Finals between the Minnesota Lynx and the New York Liberty was the most-viewed WNBA finals game in 25 years across all networks, according to ESPN, citing Nielsen data. The game aired on ESPN and topped out at 3.3 million viewers.The viewership for Game…
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Flexsteel Industries (NASDAQ: FLXS), a leading furniture manufacturer, has reported a notable increase in net sales and profitability during its First Quarter Fiscal Year 2025 Earnings Call on October 21, 2023. Despite a challenging macroeconomic environment, the company achieved a 9.9% growth in net sales, reaching $104 million. The operating margin improved significantly to 5.8%, up from 2% the previous year. CEO Derek Schmidt and CFO Mike Ressler shared optimism for continued growth and profitability in the upcoming year, backed by strategic investments and product launches.Key Takeaways Flexsteel’s net sales rose to $104 million, a 9.9% increase year-over-year.Operating income reached…
Castle Rock is more than doubling the budget for its Coloradoscape rebate program to meet the demand from residents and commercial property owners who are changing out grass for more drought-resistant landscaping.Castle Rock Water offers property owners rebates up to $2.50 per square foot of land where high-water use plants are switched for water-friendly landscaping, such as Coloradoscaping, where a combination of native plants, low-water plants and hardscaping is used. The original 2024 budget dedicated $350,000 to the program for rebates, but the demand far outpaced that budget, town officials said. The town council approved an additional $455,000 for the rebate…
(Bloomberg) — The last time US government bonds sold off this much as the Federal Reserve started cutting interest rates, Alan Greenspan was orchestrating a rare soft landing. Most Read from Bloomberg Two-year yields have climbed 34 basis points since the Fed reduced rates on Sept. 18 for the first time since 2020. Yields rose similarly in 1995, when the Fed — led by Greenspan — managed to cool the economy without causing a recession. In prior rate cutting cycles going back to 1989, two-year yields on average fell 15 basis points one month after the Fed started slashing rates.…
As New York City considers lifting its minimum parking requirements for residential development, the Times looks at how such often-arbitrary regulations add to the cost of housing, and how such measures draw resistance even in cities with good transit. Blind passengers say too many Uber and Lyft drivers are illegally turning them away because of their service dogs. (Wired) A deal on transit funding appears unlikely as Pennsylvania’s legislative session comes to a close. (Pittsburgh Post-Gazette) Constrution bids for the second phase of Pittsburgh’s bus rapid transit system came in $20 million under budget. (Union Progress) Austin is exploring funding…
BEIRUT (Reuters) -Hashem Safieddine, whose killing was confirmed on Tuesday by Israel’s military in its confrontation with Hezbollah, is widely seen as Hassan Nasrallah’s likely successor as head of the Iran-backed group. A relative of Nasrallah, he has been running the movement alongside its deputy secretary general Naim Qassem since Nasrallah’s assassination by Israel on Sept. 27. Safieddine has sat on the group’s Jihad Council – the body responsible for its military operations. He is also head of its executive council, overseeing financial and administrative affairs for the Iran-backed group. If his death is confirmed by Hezbollah, it would mark…