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Malaysia Stock Market May Extend Friday's Losses

6 years 1 month ago
(RTTNews) - The Malaysia stock market has finished lower in back-to-back trading days, sliding almost 25 points or 1.7 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,505-point plateau and the losses may accelerate on Monday.

South Korea Bourse May Test Support At 2,400 Points

6 years 1 month ago
(RTTNews) - The South Korea stock market on Friday halted the two-day slide in which it had stumbled almost 40 points or 1.8 percent. The KOSPI now rests just above the 2,410-point plateau although it's likely to face renewed selling pressure on Monday.

Can Hormel Foods Sustain Its Momentum Once COVID-19 Is Gone?

6 years 1 month ago
Posting 13.5% share gains during the first seven months of the year, Hormel Foods (NYSE: HRL) is one of a cadre of consumer staples stocks riding the COVID-19 wave to increased profits and performance. While the 31% of its sales derived from foodservice took a hit from the pro

TikTok Ban Averted as Trump Approves Oracle Deal "in Concept"

6 years 1 month ago
The ban on video-sharing app TikTok that was to take effect midnight Sunday looks like it will now not happen, as President Trump says he has given his "blessing" to a deal that sees China's ByteDance sell a stake of the business to Oracle (NYSE: ORCL) and Walmart (NYSE: WMT).

How Conagra Improved Its Future Outlook Through the Pandemic

6 years 1 month ago
Century-old packaged foods company Conagra Brands (NYSE: CAG) saw its share prices collapse alongside the rest of the market as the COVID-19 pandemic erupted across the USA in March. However, as people responded to the coronavirus' spread by stockpiling staples, sales for the w

Oil refiners worldwide struggle with weak demand, inventory glut

6 years 1 month ago
Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and industry analysts.

Kohl's Cuts Corporate Staff Again to Reduce Costs

6 years 1 month ago
Back in February, Kohl's (NYSE: KSS) announced that it was laying off 250 corporate employees in an effort to streamline its management, speed up decision making, and cut costs. Those moves were designed to bolster the retailer's efficiency and improve its competitiveness follow

2 Stocks I'd Avoid at All Costs

6 years 1 month ago
No matter the investing climate, there are always stocks to buy and hold for a long time. Of course, the opposite also holds true -- you should place certain companies on your list of stocks to avoid under any circumstances. There are a variety of reasons to take this strong ste

Southwest Airlines' Cash Burn Improves Again

6 years 1 month ago
Building and preserving a cash stockpile has been the name of the game for airlines ever since the COVID-19 pandemic caused air travel demand to crater earlier this year. Southwest Airlines (NYSE: LUV) has been at the top of the industry in that respect all along. On Wednesday,
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