The Federal Reserve is expected to raise interest rates this week, driven by inflation pressures linked to President Trump's tariffs and the ongoing Iran conflict. These factors have disrupted supply chains and pushed oil prices higher, contributing to persistent inflation. Fed Chairman Kevin Warsh faces a credibility test to show the Fed's independence and willingness to combat inflation despite political pressure. Markets anticipate multiple rate hikes through early next year as inflation risks remain elevated.
Kroger reported mixed Q2 earnings with adjusted EPS of $1.09 beating estimates, but revenues slightly below expectations at $34.62 billion. Despite slower sales growth, Kroger maintained its full-year adjusted EPS guidance of $5.10 to $5.30, supporte...
Enbridge Inc. is expanding its crude oil infrastructure by acquiring Tallgrass Energy's crude oil business for $2.55 billion. This move strengthens its presence in key U.S. oil regions and is funded partly by a recent $3 billion public offering. Desp...
RF Industries reported a record quarterly revenue of $23.96 million, a 21% increase from last year, surpassing analyst expectations. Although earnings per share slightly missed estimates at $0.19 versus $0.20, the company showed strong year-over-year...
Morgan Stanley analyst Joe Laetsch raised Valero Energy's price target to $411, signaling a potential 3.18% upside from its current price. Institutional investors like Virginia Retirement Systems and Gamco Investors are initiating new positions, whil...
Hain Celestial reported a Q4 2026 loss per share of $0.05, missing analyst estimates of $0.03 loss, with revenues down to $263.07 million from $363.35 million a year ago. The company is selling its international business for $323 million to focus on ...
