• EIA reports U.S. natural-gas supplies up 92 billion cubic feet last week
    on April 18, 2019 at 2:38 pm

    The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 92 billion cubic feet for the week ended April 12. Analysts polled by S&P Global Platts had expected an increase of 90 billion cubic feet for the latest week. Total stocks now stand at 1.247 trillion cubic feet, down 57 billion cubic feet from a year ago and 414 billion below the five-year average, the government said. May natural gas traded at $2.502 per million British thermal units, down 1.5 cents, or 0.6%, from Wednesday's settlement. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

  • Cannabis accessories maker Greenlane shares soar in trading debut after pricing above range
    on April 18, 2019 at 2:21 pm

    Greenlane Holdings Inc. shares rocketed 35% in their trading debut Thursday, after the U.S. maker of cannabis vape hardware and accessories priced its initial public offering above its price range. Greenlane sold 6 million shares priced at $17 each to raise $102 million. Lead underwriters Cowen & Co. and Canaccord Genuity have access to an additional 800,000 shares from selling shareholders. The stock is trading on Nasdaq, under the ticker symbol "GNLN."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

  • U.S. business inventories rise 0.3% in February
    on April 18, 2019 at 2:06 pm

    WASHINGTON (MarketWatch) - Business inventories in the U.S. rose 0.3% in February, the Commerce Department said Thursday. Sales increased a smaller 0.1% in the month. The ratio of inventories to sales, meanwhile, dropped to was unchanged at 1.39. That's how many months it would take to sell all the inventory on hand. One year ago, the inventory-to-sales ratio was lower at 1.36. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy, but unless sales keep up. The increase in inventories in January was raised to 0.9% from an original 0.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

  • IHS Markit PMI shows slowest U.S. economic growth in 31 months
    on April 18, 2019 at 1:50 pm

    WASHINGTON (MarketWatch) - American businesses expanded in April at the slowest pace in 31 months, according to IHS Markit's survey of business executives. IHS Markit's flash PMI for services slipped to 52.9 from 55.3, while the manufacturing index was flat at 52.4. Any number over 50 signifies expansion. "The U.S. economy started the second quarter with its weakest expansion since mid-2016 as businesses reported a marked slowing in output, new orders and hiring," said Chris Williamson, chief business economist at IHS Markit. Other economic indicators, however, show a somewhat stronger U.S. economy. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

  • Hershey names new chief financial officer
    on April 18, 2019 at 1:43 pm

    Hershey Co. has appointed a new chief financial officer, Steve Voskuil, effective May 13. Voskuil joins from Avanos Medical, a global medical device company, and previously worked at Kimberly-Clark Corp. as a senior finance officer. Hershey has also named Rohit Grover, currently the company's vice president of Greater China, to international president, succeeding Steven Schiller, who is leaving Hershey. Terry O'Day will take on the chief technology and data officer on a full-time basis. And Jason Reiman has been promoted to chief supply chain officer from vice president of supply chain operations. Grover, O'Day, and Reiman will take on their roles effective June 1. Hershey shares have gained 9% in 2019 while the S&P 500 index is up nearly 16% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

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