Financial markets were roiled on Wednesday after Iran fired missiles at U.S. forces in Iraq, sending Asian stocks and U.S. Treasury yields sliding and jolting oil prices higher as investors feared a wider conflict in the Middle East.
SAN FRANCISCO/NEW YORK (Reuters) – Impossible Foods is no longer trying to win a coveted deal to supply McDonald’s Corp with plant-based burgers, telling Reuters it cannot produce enough of its imitation meat to partner with the world’s No. 1 fast-food chain. Shares of Impossible rival Beyond Meat surged on Tuesday, closing 12.5% higher, after Reuters reported that Impossible was no longer in talks with McDonald’s. The stock had risen earlier in the day on Impossible’s unveiling of its plant-based pork products at the International Consumer Electronics Show in Las Vegas on Monday, spurring further optimism about …read more […]
Impossible Foods is no longer trying to win a coveted deal to supply McDonald’s Corp with plant-based burgers, telling Reuters it cannot produce enough of its imitation meat to partner with the world’s No. 1 fast-food chain.
(Bloomberg) — Follow Bloomberg on Telegram for all the news and analysis you need.Safe-haven assets, U.S. equity futures and Asian stocks swung wildly Wednesday as tensions in the Middle East escalated, rattling global financial markets.Iran’s attack on American military bases in Iraq, a response to the killing of General Qassem Soleimani by American forces last week, injected new volatility into global assets that enjoyed a blockbuster 2019. S&P 500 futures dropped as much as 1.7% as fears of a protracted conflict increased, before paring the decline as Tehran said it wasn’t seeking a war, and President Donald Trump declared “all …read more […]
Recent bills that aim to stop the exploitation of freelance workers are drawing backlash from some of the contractors they’re designed to protect. …read more […]
Oil markets calmed after on Wednesday after prices had jumped to their highest in months in the wake of a rocket attack by Iran on American forces in Iraq that raised the specter of a spiraling conflict and disrupted crude supplies.
Financial markets were roiled on Wednesday after Iran fired missiles at U.S. forces in Iraq, sending Asian stocks and U.S. Treasury yields sliding and sharply lifting oil prices as investors feared a wider conflict in the Middle East.
Oil prices briefly surged Tuesday night after the Iranian military attacked two Iraqi bases – but don’t expect a big spike in gas prices. …read more […]
Samsung Electronics Co Ltd on Wednesday said quarterly operating profit likely fell at a milder pace than analysts forecast, indicating memory chip prices bottomed out and strengthening hope of recovery from an industry downturn.
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the spectre of a spiralling conflict and disrupted oil supplies. Iran’s missile attack on U.S.-led forces in Iraq came early on Wednesday, hours after the funeral of Qassem Soleimani, the commander of the country’s elite Quds Force killed in a U.S. drone stroke on Jan. 3. Tehran fired more than a dozen ballistic missiles from Iranian territory against at least two Iraqi military bases hosting U.S.-led coalition …read more […]
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian general last week, raising the specter of a spiraling conflict and disrupted oil supplies.
The U.S. Federal Aviation Administration said it would ban U.S. carriers from operating in the airspace over Iraq, Iran, the Gulf of Oman and the waters between Iran and Saudi Arabia after Iran launched a missile attack on U.S.-led forces in Iraq.
(Bloomberg) — Treasury 10-year yields may drop as low as 1.50% as Iran’s rocket attacks against U.S. bases threaten to ignite a wider Middle-East conflict, money managers say.Benchmark U.S. yields are poised to extend declines as investors scramble to revise plans for the year following news of Iran’s retaliation, said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. The Federal Reserve is now more likely to cut interest rates, further supporting bonds, said Akira Takei, a global fixed-income fund manager at Asset Management One Co.“Iran has replaced the trade war as the biggest risk to markets,” Sydney-based …read more […]
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