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WHY CORNING SHARES FELL
Glass-maker Corning shares plunge 20% on lower sales forecastCorning's stock dropped significantly after reporting slower fiber optics growth. The company forecast lower third-quarter sales, disappoin...- Soybeans fall as China summit leaves US farmers seeking detailsSoybean futures dropped, reflecting market skepticism about the vague assurances. While China pledged "double-digit billion" annual purchas...
- What do China's new US farm purchases mean for global trade? | An explainerChina will purchase over $17 billion in US farm goods yearly for three years. This deal boosts agricultural trade significantly. Purchases ...
- Nvidia stocks: Why is NVDA share price down even as AI giant paid several billion dollars investment in in Corning?Nvidia CEO Jensen Huang said the AI chip supplier has made "a multi-billion-dollar prepayment" that was not disclosed when it announced an ...
- US stocks today: S&P 500 and Nasdaq notch records; AMD results spark AI stock rallyThe S&P 500 and Nasdaq hit record highs Wednesday, fueled by Middle East conflict resolution hopes and strong AMD earnings boosting AI stoc...
- Brazil’s corn ethanol boom is pushing global sugar prices lowerSugar-cane processors are now diverting a record share of their crop to sugar production due to competition from cheaper corn-based biofuel...
- Coca-Cola to launch cane sugar coke after Trump claimCoca-Cola also posted on Tuesday second-quarter sales growth and profit that beat Wall Street expectations as consumers continue to pay hig...
- Ethanol push turns India into corn importer, shaking up global marketIndia's push for more corn-based ethanol has turned the country into a net importer of corn, affecting local poultry producers and global s...
- Apple supplier Corning Q3 revenue forecast hit by consumer electronics slumpCorning has moved aggressively this year to cut down on costs to make up for the slump in its main markets, which, combined with earlier pr...
- Apple supplier Corning rides on price hikes to beat profit estimatesThe company said it expects the pricing action and a recovery in the display technologies business to drive an increase in second-quarter s...
- Global food prices stay near record as Ukraine war upends tradeThe blockade of key Black Sea ports has exacerbated supply-chain turmoil, sending prices soaring and prompting the United Nations to warn t...
- China shares end lower as cost woes hit hog-farming stocksExpected production losses have pushed Chinese corn futures to a record high and stoked worries over supply shortages in the world's second...
- Soybeans recover from 10-month low, gains capped by coronavirus worriesWheat was little changed after Monday's slide to its lowest since October, while corn recovered from a six-month low to trade higher.
- Bullish bets jump most since July as gold gainsMoney managers raised bullish bets on corn by 39%, cotton holdings were the highest since 2010, and gold wagers increased 9%.
- Corn top commodity pick at Morgan StanleyIt surges as much as 34 per cent to a record since shrinking supply from the US stokes competition among meat and ethanol producers.
- Crop insurers in US could face first loss since 2002Crop insurers may face their first underwriting loss since 2002 as the worst Midwest drought in more than two decades threatens the US harv...
- Corn, wheat plunge on bigger suppliesCorn and wheat prices plunged the most in three months, while soybeans slid, after an increase in stockpile forecasts by the US government ...
- China's soya, corn imports seen surgingChina, the world's second-largest corn consumer, may boost imports fourfold this year as meat demand climbs and the country enters.
- Prudential offers rights issue to raise $21 bnThe announcement had been expected last week but Prudential was delayed by questions raised by the Financial Services Authority, the UK fin...
- PepsiCo Q1 profit climbs 5% on international division revenuePepsiCo Inc, the world's second-largest soft drink maker, said Thursday a big rise in international revenue helped offset higher commodity ...
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