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 […]

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 […]

By Savyata Mishra (Reuters) – Shares of Levi Strauss & Co jumped 20% to a more than two-year high on Thursday as the jeans maker raised its annual profit forecast, powered by new CEO’s cost-cutting initiatives and a focus on direct-to-customer (DTC) sales. The company has turned to own stores and its website to drive […]

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 […]

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 […]

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 […]