Cal-Maine Foods Inc. on Tuesday reported that revenue more than doubled and its profit increased eightfold in the third quarter, as prices for eggs rose significantly and even as avian bird flu continued to affect egg production. Cal-Maine Foods CALM shares rose about 4% after hours, after falling 1.8% in…
Wall Street is looking at a solid setup for Wednesday, as investors continue to emerge from their hiding places looking to see if the coast is truly clear from that pesky banking crisis. That brings us to our call of the day, which is rallying around bank stocks and suggesting…
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Despite the recent turmoil in the bank sector, a recession is still not the most likely outcome for the U.S. economy over the next two years, analysts at the Peterson Institute for International Economics said Monday. “The data has been more resilient than we thought it would be,” said Karen…
The commercial real-estate sector is headed for a “real mess” but not necessarily a financial disaster, a leading economist said Monday. “I expect a major correction in commercial real estate is already under way,” said Adam Posen, president of the Peterson Institute for International Economics. The cause is not complicated.…
Alphabet Inc.’s GOOG GOOGL Google asked a federal judge Monday to dismiss the federal government’s antitrust lawsuit that’s seeking to break up its ad tech business. In a filing late Monday, Google said the Justice Department’s case ignores its ad-tech rivals and that the DOJ has failed to prove it…
The future of cancer treatment — hailed as the “holy grail” of early detection — is now being put to the test. Following a radically successful trial on cancer patients, a new blood test that promises to predict tumors more than a year before they begin to form is now…
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Ocado Group PLC said Tuesday that first-quarter sales of Ocado Retail Group, the joint venture it co-owns with Marks & Spencer Group PLC, rose and that guidance for fiscal 2023 remains unchanged. The online grocer and retail-technology specialist UK:OCDO said retail revenue for the 13 weeks ended Feb. 26 rose…
Diageo PLC on Tuesday said its Chief Executive Ivan Menezes intends to retire after 10 years in the role, and will be replaced by current Chief Operating Officer Debra Crew. The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka UK:DGE DEO said Mr. Menezes will leave…