News

Here's what is almost certainly frustrating many truck drivers and shippers as January draws to a close: On Jan. 2, the first trading day of the year, ultra low sulfur diesel (ULSD) settled on the CME, the main energy trading platform, at $2.0241 per gallon. A day later, it settled at $2.0614. On...

Propulsion systems supplier BorgWarner Inc. (NYSE: BWA) will purchase 84% of Delphi Technologies (NYSE: DLPH) in a $3.3 billion all-stock deal that shook the automotive supply sector Tuesday. The announcement sent Delphi shares soaring 61.95% to $15.86 in New York Stock Exchange trading....

Apple Inc. (NASDAQ: AAPL) shares traded higher Tuesday after the company posted fiscal first-quarter earnings and sales beats, and issued second-quarter revenue guidance above estimates. Earnings came in at $4.99 per share, beating analysts' expectations of $5.45 by nearly 10%. Sales came in at...

Advanced Micro Devices (NASDAQ: AMD) reported fourth-quarterly earnings of 32 cents per share on Tuesday, which beat the analyst consensus estimate of 31 cents. This is a 300% increase over earnings of 8 cents per share from the same period last year. The company reported quarterly sales of $2.13...

Starbucks (NASDAQ: SBUX) reported first-quarter earnings of 79 cents per share, which beat the analyst consensus estimate of 75 cents by 5.33%. This is a 5.33% increase over earnings of 75 cents per share from the same period last year. The company reported quarterly sales of $7.097 billion, which...

Assembly Member Ting brought new life back into a bill that will require California cities that voted for Proposition 64 to open medical cannabis stores. Assembly Member Ting stopped AB-1356 during the last legislative session after the League of California Cities opposed the bill. The...

Ocean Grown Ventures, a California-based, science-focused cannabis company offering wellness solutions that meet pharmaceutical manufacturing standards, continues to bolster its executive team, this time with the appointment of Wayne Nasby as chief operating officer. Nasby has more than 30 years of...

Vertically integrated medical cannabis company AltMed Florida pulled a crazy feat last week, opening three dispensaries within 24 hours. With the three openings, AltMed Florida and its brand MÜV Medical Cannabis dispensaries now has 16 dispensaries in Florida. “In our tireless efforts to...

Cell-based meat is a growing food product made from cells of animals instead of the whole animal. According to The Good Food Institute, cell-based beef can reduce land use by more than 95% and climate change emissions by up to 87%. The industry is still in its very early stages but multiple...

Bitcoin Price Analysis: BTC/USD bulls set to make a critical break above last week’s high Bitcoin price is trading in positive territory, up +1.40% in the second half of the session.  BTC/USD bulls are firmly back into control following a break north of $8500 again. A big boost for the...

USD/JPY Current Price: 109.14 A better market mood helped the pair recover the 109.00 mark. BOJ Summary of Opinions and Japan’s Consumer Confidence coming up next. USD/JPY would turn short-term bullish on a bullish extension above 109.30. The USD/JPY pair recovered some ground in the...

EUR/USD Current Price: 1.1014 Generally encouraging US data further underpinned the greenback. All eyes on the Fed’s decision and Chief Powell speech. EUR/USD technically bearish, critical static support at 1.0980. The EUR/USD pair traded as low as 1.0997, ending Tuesday a few pips above...

The deadly coronavirus that has shuttered several Chinese cities could provide a triple punch to an airfreight industry already in recession for 13 months, even though the more obvious risk is to passenger airlines. The crisis is already forcing airfreight shipments to be held up, according to...

Smart contracts will revolutionize the supply chain. Or not. Their value will be evident in the next few years as more businesses roll out smart contracts to handle the paperwork side of logistics. Whether that will result in a sea change for the industry or just a more streamlined process...