Record Chicken Prices Squeeze US Shoppers, Benefit Tyson Foods

CHICAGO, Oct 5 Reuters Chicken prices at U.S. grocery stores have hit record highs and should stay elevated as Tyson Foods and other companies dial back poultry production to boost margins while inflationweary shoppers buy chicken instead of beef and pork. Higher chicken prices should improve earnings at top producers Tyson and Pilgrim39;s Pride, but will […]
Read More

RBNZ OCR Unchanged, U.S. ADP Reports Low Private Employment Figure, Crude Oil Dives Amid Less Demand, U.S. Stock Market Struggles for the Upside

PREVIOUS TRADING DAY EVENTS 04 Oct 2023 New Zealands central bank decided to hold rates unchanged, with OCR at 5.5, as reported on Wednesday with policymakers considering that rate hikes so far are sufficient to fight inflation. The Reserve Bank of New Zealand RBNZ suggested though that further increases are still in play. Interest rates […]
Read More

UK Investors Pull Money from ESG Funds for 5th mthCalastone

LONDON, Oct 5 Reuters UK investors pulled money from funds focused on environmental, social and governance issues for a fifth straight month in September, fund network Calastone said on Thursday. ESG investing has suffered a political backlash, particularly in the United States. UK investors took 485 million pounds 589.4 million from ESG equity funds, with […]
Read More