Price: $6.69, Change: $+0.04, Percent Change: +0.68%
Related Articles
Australia
SoFi Technologies Taking Over Fintech PrimaryBid, Sky News Reports
Price: $15.96, Change: $+0.21, Percent Change: +1.30%
$SOFI
Australia
Celanese's H2 Guide Appears Conservative, RBC Says
Celanese's (CE) H2 guidance looks conservative but its engineered materials business faces some headwinds from inventory drawdowns, RBC Capital Markets said in a Friday note.The report said the company's H2 EPS guide of about $3.00 is likely below buy-side expectations while its guidance for Q2 of about $2.20 is encouraging."Overall, CE continues to see subdued end-use demand,with pockets of strength in vinyl emulsions, redispersible powders, medical, electronics, data-centers, and some industrial applications," the note said.The report also said improving free cash flow generation is facilitating its deleveraging plan.RBC reiterated its sector perform rating and raised its price target to $68 per share from $66.Price: $59.43, Change: $+2.26, Percent Change: +3.95%
$CE
Australia
Market Chatter: Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices
The Trump administration plans to temporarily cut tariffs on beef imports as soon as Monday to help lower record-high beef prices in the US, The Wall Street Journal reported Monday, citing people familiar with the matter.The administration is considering suspending the annual tariff-rate system that raises import taxes after a quota is reached, making it easier for foreign beef to enter the US at lower rates, according to the report. The administration plans to take measures to support US ranchers, the report said.The move "aims to address short-term supply issues with beef in the US, while the deregulatory efforts will help lower ranchers' costs over time," a White House official was quoted as saying.The White House didn't immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $20.07, Change: $-0.38, Percent Change: -1.83%
$HRL$PPC$TSN