The Agriculture Department has revised its forecast for Brazilian corn and soybean production, with a smaller reduction than expected for soybeans. According to the USDA's monthly World Agricultural Supply and Demand Estimates report, Brazilian soybean production is now projected at 156 million metric tons, while corn production is estimated at 124 million metric tons. These … [Read more...] about USDA Lowers Outlook for Brazilian Corn and Soybean Production
Forex News
The Rise of Dividends in the Tech Sector
While the tech industry is commonly associated with stock buybacks rather than dividends, Meta Platforms surprised investors with its recent announcement of initiating a dividend. Traditionally, information technology companies have offered one of the lowest yields among the S&P 500 index sectors, standing at approximately 0.7%. However, income investors now have the … [Read more...] about The Rise of Dividends in the Tech Sector
PepsiCo Reports Drop in Fourth-Quarter Revenue, Raises Dividend
Shares of PepsiCo Inc. fell 1.1% in premarket trading on Friday, retreating from a five-month high, following the company's surprising decline in fourth-quarter revenue. Despite this setback, the beverage and snack giant exceeded profit expectations and announced a 7% increase in its dividend. Strong Profit Performance PepsiCo's net income soared to $1.3 billion, or 94 cents … [Read more...] about PepsiCo Reports Drop in Fourth-Quarter Revenue, Raises Dividend
Aperam Reports Q4 Net Profit Amid Sales Decline
Luxembourg-based stainless steel company, Aperam, has announced a fourth-quarter net profit despite a decline in sales. The company attributes this decline to ongoing margin pressures and a reflection of an industrial recession in Europe. Q4 Profit and Sales Figures Aperam recorded a net profit of €70 million ($75.4 million) for the quarter ending December 31, compared to a … [Read more...] about Aperam Reports Q4 Net Profit Amid Sales Decline
Lantronix Stock Plummets Amid Disappointed Fiscal Outlook
Shares of Lantronix, a leading provider of Internet-of-Things solutions, took a hit following the company's revised full-year guidance and lower-than-expected second-quarter results. Dismal Performance in Q2 and Reduced Revenue Outlook Lantronix, based in Irvine, California, announced on Thursday that it now anticipates fiscal 2024 revenue between $155 million and $165 million, … [Read more...] about Lantronix Stock Plummets Amid Disappointed Fiscal Outlook
