Grocery inflation loses steam in April
Food-at-home prices came in last month at a 2% annual rate, down from 2.4% in March, the government reported.
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Bitcoin May Be Headed Towards a 2021-Like Double Top
Several on-chain metrics are pointing toward waning momentum as bitcoin attempts to reach its January record just above $109,000.
ROCK Q1 Earnings Call: Revenue Misses Expectations, Profitability Exceeds Estimates Amid Industry Uncertainty
Renewable energy and infrastructure solutions provider Gibraltar Industries (NASDAQ:ROCK) fell short of the market’s revenue expectations in Q1 CY2025, with sales flat year on year at $290 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.43 billion at the midpoint. Its non-GAAP profit of $0.95 per share was 17.8% above analysts’ consensus estimates.
US urged to give textiles critical supply chain status
US circular textiles coalition American Circular Textiles (ACT) has called for US policymakers to include textiles in the definition of critical US supply chains.
PayPal (PYPL) Unleashes ‘Agentic Commerce’ Following Benign SEC Probe and Solid Q1
PayPal Holdings (PYPL) stock is marching higher following the end of a highly contentious SEC probe. Since announcing the end of the SEC’s investigation at the start of May, PYPL stock has climbed ~30%. For PayPal, the end of the SEC’s probe removes a key regulatory overhang and paves the way for the leading tech platform to push deeper into blockchain-based payments and crypto. The company launched its branded stablecoin on the Ethereum network in 2023 as a dollar-pegged stablecoin backed by sh
Exclusive-Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing
NEW YORK (Reuters) -Kraft Heinz is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts. The upgrades will help lower costs by making the plants more efficient, which in turn may help offset President Donald Trump's tariffs, which factored into the company's decision to make the investment, said Pedro Navio, Kraft Heinz's president of North America, in an interview with Reuters. The investment also allows the packaged food maker to come up with and sell new products faster, he said.
Tariffs devastated America’s ports. Soon, they could face a surge from stockpiling
US ports are facing a dramatic slowdown in cargo – but they could see the exact opposite in a matter of weeks.