Constellation Brands Q4 Earnings Beat Estimates As Beer Sales Soar

Shivani Kumaresan | April 11, 2024

Constellation Brands Inc (NYSE:STZ) reported fourth-quarter FY24 sales growth of 7.1% year-on-year to $2.14 billion, beating the analyst consensus estimate of $2.10 billion. Net sales for the Beer segment increased 11% Y/Y to $1.702 billion, and Wine and Spirits declined 6% Y/Y to $436.4 million. Shipment volume for Beer climbed 10.5%, while Wine and Spirits declined 5%. […]

US dollar surges to new 34-year high vs yen after hotter-than-expected inflation data

Reuters | April 10, 2024

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose across the board on Wednesday, soaring against the Japanese yen to its highest since mid-1990, after U.S. inflation rose more than expected in March, pushing out the expected timing of a first rate cut to September from June. Market participants were also on the alert for […]

Airlines Struggle with Lack of Planes: Is There a Stock Play?

Reuters | April 9, 2024

By Rajesh Kumar Singh CHICAGO (Reuters) – The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries drop sharply due to production problems at Boeing and Airbus. Air carriers are spending billions on repairs to keep flying older, less fuel-efficient jets, and paying a premium […]

Food Giants Pivot to Discounts and New Sizes

Benzinga Neuro | April 8, 2024

In light of the economic pressures on low-income households, leading food corporations are revamping their product lines and marketing strategies. This pivot aims to accommodate the changing spending habits as consumers face financial constraints. What Happened: Companies such as Kraft Heinz (NASDAQ:KHC) and Conagra Brands (NYSE:CAG) are altering their offerings in response to the decreased […]

These 3 Tech & Telecom Stocks with Over 6% Dividend Yields

Avi Kapoor | April 5, 2024

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database […]

Why Is Vanda Pharmaceuticals Stock Trading Higher Today?

Vandana Singh | April 3, 2024

Tuesday, the FDA approved Vanda Pharmaceuticals Inc’s (NASDAQ:VNDA) Fanapt (iloperidone) tablets for the acute treatment of manic or mixed episodes associated with bipolar I disorder in adults. Fanapt is an atypical antipsychotic agent that has been used for the acute treatment of patients with schizophrenia since its FDA approval in 2009. Bipolar disorder is a psychiatric chronic condition […]

What’s Going On With Palantir Technologies Shares Monday?

Lekha Gupta | April 1, 2024

Palantir Technologies Inc. (NYSE:PLTR) received a contract from the Defense Information Systems Agency (DISA) on Friday. Notably, Palantir won the contract to deliver an Electromagnetic Battle Management – Joint Decision Support (EMBM-J DS) prototype. The prototype Other Transaction Authority (OTA) Agreement contract is worth $9.8 million over twelve months. The contract will provide the Department of Defense […]

U.S. Pending Home Sales Increase Moderately

Reuters | March 28, 2024

By Amina Niasse (Reuters) – Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said. The National Association of Realtors (NAR) Pending Home Sales index rose 1.6% to 75.6 from a revised 74.4 the month prior. Economists expected a 1.5% increase, a […]

JPMorgan bets on new wealth planning tool to draw investments

Reuters | March 27, 2024

By Tatiana Bautzer NEW YORK (Reuters) -JPMorgan Chase seeks to expand the reach of its wealth management business and bring in more investments by offering a new planning tool to its 54 million Chase retail customers. The Wealth Plan tool had about 10 million users active over the last three months, said Sam Palmer, the […]

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