$PG

24 stories mentioning PG

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Renewed Tensions in Middle East, Iran's Refusal to Restart Peace Talks Dampen US Equity Futures Pre-Bell

US equity futures were lower pre-bell Monday as tensions once again escalated in the Middle East after the US seized an Iranian cargo ship that tried to run its blockade of Iran's ports and Iran refused to restart peace negotiations with the US in Pakistan.Dow Jones Industrial Average futures were 0.5% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.4% lower.The US had said it wanted to resume negotiations before the two-week ceasefire with Iran ends on Tuesday, but Iran's foreign ministry said it would not join new talks due the ongoing blockade and "excessive demands" of the US.Over the weekend, Iran lifted and then reimposed its own blockade on vessels passing through the Strait of Hormuz.Some of the companies expected to report quarterly earnings this week are GE Aerospace (GE) and UnitedHealth Group (UNH) pre-bell on Tuesday, Tesla (TSLA) and IBM (IBM) after-market on Wednesday, Intel (INTC) after-market on Thursday, and Procter & Gamble (PG) pre-bell on Friday.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.9% at $94.81 per barrel and US West Texas Intermediate crude 5.6% higher at $87.25 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 0.8% higher, and China's Shanghai Composite finished 0.8% higher. Meanwhile, the UK's FTSE 100 was down 0.6% and Germany's DAX index was 1.3% lower in Europe's early afternoon session.In equities, shares of major oil companies Exxon Mobil (XOM), Chevron (CVX), and ConocoPhillips (COP) were up 1%, 1.2%, and 1.7%, respectively, as oil prices increased on Monday. Marvell Technology (MRVL) stock was up 5.8% after The Information report the company was in talks with Alphabet's (GOOG, GOOGL) Google to develop two new processors optimized for artificial intelligence inference tasks.On the losing side, BHP Group (BHP) stock was down 1.2% after a Bloomberg News report the company and Mitsubishi Development started a review of their coal and other mining assets in Queensland over concerns about the royalty demands of the Australian state.

Dow JonesNasdaq CompositeS&P 500$BHP$COP$CVX$GE$GOOG$GOOGL$IBM$INTC$PG$TSLA$UNH$XOM

Japan56d ago

Renewed Tensions in Middle East Dampen US Equity Futures Pre-Bell

US equity futures were lower pre-bell on Monday as tensions escalated in the Middle East once again after the US seized an Iranian cargo ship that tried to run the US blockade of Iran's ports, and Iran refused to restart peace negotiations with the US in Pakistan.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.5% lower.The US had said it wanted to resume negotiations before the two-week ceasefire with Iran ends on Tuesday, but Iran's foreign ministry said it would not join new talks due the ongoing blockade and "excessive demands" of the US.Over the weekend, Iran lifted and then reimposed its own blockade on vessels passing through the Strait of Hormuz.Some of the companies expected to report quarterly earnings this week are GE Aerospace (GE) and UnitedHealth Group (UNH) pre-bell on Tuesday, Tesla (TSLA) and IBM (IBM) after-market on Wednesday, Intel (INTC) after-market on Thursday, and Procter & Gamble (PG) pre-bell on Friday.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.8% at $94.73 per barrel and US West Texas Intermediate crude 5.7% higher at $87.29 per barrel.The economic calendar is vacant.

Dow JonesNasdaq CompositeS&P 500$GE$IBM$INTC$PG$TSLA$UNH

US Markets56d ago

Stocks Down Pre-Bell Amid Renewed US-Iran Tensions

The benchmark US stock measures were tracking in the red before the opening bell Monday amid renewed tensions between the US and Iran, while investors prepare for a busy week of corporate earnings.The S&P 500, the Dow Jones Industrial Average and the Nasdaq declined 0.5% each in premarket activity. The indexes finished Friday's trading session higher, with the Nasdaq achieving its longest winning streak since 1992.In a social media post on Sunday, President Donald Trump said the US navy intercepted and seized an Iranian-flagged cargo ship in the Gulf of Oman. The US Central Command confirmed in a statement that its forces disabled the Iranian vessel following its attempts to sail toward an Iranian port.Last week, the US enforced a blockade of all maritime traffic entering and exiting Iranian ports after peace talks between Washington and Tehran in Pakistan failed to materialize a conclusive deal.In a separate post on social media, Trump said Iran violated its ceasefire agreement with the US by firing bullets at a French ship and a British freighter in the crucial Strait of Hormuz. Trump urged Iran to accept a "very fair and reasonable deal" offered by the US."If they don't, the United States is going to knock out every single power plant, and every single bridge, in Iran," Trump wrote.Iran on Sunday denied it would participate in a fresh round of negotiations with the US in Pakistan this week, CNBC reported, citing Tehran's state news agency. Trump said his representatives will be in Pakistan on Monday for talks.Over the weekend, Iran reversed its earlier decision to reopen the Strait of Hormuz for all commercial vessels, citing Trump's decision to keep the blockade of Iranian ports.West Texas Intermediate crude oil increased 5.9% to $88.76 a barrel in recent premarket action, while Brent rose 6% to $87.48.Treasury yields were trending upwards before the open, with the two-year rate inclining 2.7 basis points to 3.73% and the 10-year rate adding 2.2 basis points to 4.27%.Several major companies are scheduled to release their latest quarterly results this week, including electric vehicle manufacturer Tesla (TSLA), health insurance giant UnitedHealth (UNH), chipmaker Intel (INTC) and consumer goods company Procter & Gamble (PG).Cleveland-Cliffs (CLF) and Bank of Hawaii (BOH) are expected to post their earnings pre-bell, among others. Steel Dynamics (STLD) and Alaska Air (ALK) report their results after the markets close.TopBuild's (BLD) shares jumped 18% before the bell as the company agreed to be acquired by QXO (QXO) in a deal worth about $17 billion. USA Rare Earth (USAR) rose 3.4% after it agreed to purchase Serra Verde, the owner of the Pela Ema rare earth mine and processing plant in Brazil, in a deal worth about $2.8 billion.With no major economic reports scheduled for Monday, traders will be awaiting last month's retail sales report on Tuesday.Gold fell 1.3% to $4,816 per troy ounce, while bitcoin nudged up 0.5% to $75,342.

Dow JonesNasdaq CompositeS&P 500$ALK$BLD$BOH$CLF$INTC$PG$QXO$STLD$TSLA$UNH$USAR

Wire60d ago

Procter & Gamble Advises Shareholders to Reject Potemkin Mini-Tender Offer

Procter & Gamble (PG) said Thursday it has it been notified of an unsolicited mini-tender offer from Potemkin to buy up to 100,000 shares of the company at $100 each.The company said this is the second such offer in the last few weeks and recommends that shareholders do not accept it, saying the offer is below the market price, comes with conditions, and is not endorsed by the company.Procter & Gamble shares were little changed at around $143.35 in trading on Thursday.Price: $143.52, Change: $+0.14, Percent Change: +0.10%

$PG

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