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The whipping post

US Sugar Production Expected to Reach Record High Amid Climate Challenges US Sugar Production Expected to Reach Record High Amid Climate Challenges

Global sugar production is declining due to extreme weather around the world, but the US is poised to set a new record of 9.39 million tonnes according to USDA projections for the 2023-2024 year. Nearly 4 million of the expected tonnes are from sugarcane, with the remainder coming from sugarbeets. Sugarcane production, especially in states ...

The whipping post

Chinese E-commerce Giants: Alibaba & JD.com JD.com Feels the Aftermath of Alibaba’s Disappointing Earnings Report

Shares of JD.com (NASDAQ: JD), the Chinese e-commerce giant, tumbled today following a lackluster earnings report from its close competitor Alibaba (NYSE: BABA), indicating repercussions for the entire sector. As of 1:19 p.m. ET, JD stock was down 4.5%, while Alibaba stock had fallen 6.4%. Image source: Getty Images. Chinese E-commerce Sector Continues to Falter ...

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First Trust Large Cap Growth AlphaDEX Fund ETF Experiences Unusually High Volume First Trust Large Cap Growth AlphaDEX Fund ETF Experiences Unusually High Volume

First Trust Large Cap Growth AlphaDEX Fund ETF (FTC) has been generating remarkable trading activity in the afternoon on Thursday, with over 139,000 shares changing hands, a significant surge in comparison to the three-month average volume of approximately 43,000 shares. The shares of FTC saw an increase of about 0.8% on the day. The components ...

The whipping post

TotalEnergies Plans to Exit Nigerian Onshore Oil Operations

TotalEnergies’ Strategic Shift HJBC/iStock Editorial via Getty Images TotalEnergies (NYSE:TTE) is considering divesting its stake in a major Nigerian onshore oil joint venture, as announced by CEO Patrick Pouyanne during the company’s annual results presentation on Thursday. Environmental Challenges The Shell Petroleum Development Company of Nigeria, in which TotalEnergies (TTE) holds a 10% stake, has ...

The whipping post

Chipotle Mexican Grill’s Fourth Quarter Earnings Garner Positive Analyst Insights Chipotle Mexican Grill’s Fourth Quarter Earnings Garner Positive Analyst Insights

Shares of Chipotle Mexican Grill, Inc. CMG climbed in premarket trading on Wednesday, after the company reported better-than-expected fourth-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Stephens analyst Joshua Long maintained an Overweight rating, while lifting the price target from $2,800 to $3,000. Truist ...

The whipping post

Apple’s Recovery Stifled By Chinese Slowdown Apple’s Recovery Stifled By Chinese Slowdown

Fourth Quarter Highlights Apple’s fourth-quarter earnings show promise but the overshadow of a Chinese slowdown threatens the tech giant’s recovery. Although demand for smartphones did not hinder earnings, weak demand in China overshadowed its first sales growth in a year due to record service revenue. The report indicated a 2% YoY revenue growth, reaching $119.6 ...