Top News & Analysis Minnesota

  • NEW YORK, April 29- The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long bull market has further to run, after consumer spending rose in March and inflation data was benign. The benchmark index topped its intraday record of 2,940.91 hit on Sept. 21, rising to a session high of 2,949.52. Hopes of a resolution of the U.S.- China trade...

  • NEW YORK, April 29- The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long bull market has further to run, after consumer spending rose in March and inflation data was benign. The benchmark index topped its intraday record of 2,940.91 hit on Sept. 21, rising to a session high of 2,949.52. Hopes of a resolution of the U.S.- China trade...

  • NEW YORK, April 29- U.S. stocks were higher in Monday afternoon trading, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and benign inflation data underscored the Federal Reserve's accommodative stance on interest rates. The index crossed its record high of 2,940.91 hit on Sept. 21 for the first time this year, restoring...

  • The benchmark June lean hogs contract on the Chicago Mercantile Exchange recorded its third straight weekly decline after soaring to an April 5 contract high at 99.825 cents per pound. But weak domestic hog prices have since hung over the market, and traders were still digesting Thursday's weekly export sales report from the U.S. Department of Agriculture...

  • CHICAGO/ BENGALURU, April 26- Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant's profit, which tumbled 41% in the first quarter. A major cause was the "bomb cyclone" blizzards that devastated the Midwest and Great Plains this year,...

  • CHICAGO/ BENGALURU, April 26- Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant's profit, which tumbled 41% in the first quarter. A major cause was the "bomb cyclone" blizzards that devastated the Midwest and Great Plains this year,...

  • CHICAGO/ BENGALURU, April 26- Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant's profit, which tumbled 41 percent in the first quarter. ADM said it was creating an ethanol subsidiary, which will include dry mills in Columbus, Nebraska;...

  • April 25- Verizon Communications Inc started taking preorders for Samsung's first 5 G smartphone in the United States on Thursday, and said it would launch the high-speed wireless service in 20 more cities after Chicago and Minneapolis. Users in Chicago and Minneapolis can currently use Verizon's 5 G network by using a Motorola Z3 mobile and a 5 G "Moto Mod," a...

  • CHICAGO, April 22- U.S. hog futures declined on Monday on a mix of softer cash hog prices and technical selling after a run-up to contract highs earlier this month, traders said. Chicago Mercantile Exchange live cattle futures followed hogs lower. Hogs in the Iowa and southern Minnesota cash market were down 33 cents on Monday at $81.39 per cwt, according to the U.S....

  • *Traders await news on U.S./ China trade talks. CHICAGO, April 17- U.S. wheat futures rose on Wednesday in a rebound from falls to one-month lows a day earlier on the Chicago Board of Trade and contract lows in Kansas City and Minneapolis markets. Most-active July wheat was up 3-3/ 4 cents at $4.52-1/ 4 a bushel at 12:48 p.m. CDT, after dropping to its lowest price since...

  • April 17- At a truck stop in Ridgefield, New Jersey, driver Paul Richards reviews a notebook where he tracks miles driven and what he is hauling. Across the United States, drivers, regional operators and industry officials say the $700 billion U.S. trucking sector slipped in late 2018, with the fall continuing into this year. An ACT Research index of truck carrier...

  • ROME, April 17- Italian banks will discuss on Thursday whether to back the latest rescue plan for Banca Carige by taking a stake alongside a fund owned by U.S. asset manager BlackRock, two sources close to the talks said. The BlackRock fund is the only investor known to be considering a bid for Carige after Minnesota- based Varde Partners decided against a possible...

  • BURNSVILLE, Minn., April 15- President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened. Trump's administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for an end to policies that Washington says hurt U.S. companies competing...

  • BURNSVILLE, Minn., April 15- President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened. "We're going to win either way. We either win by getting a deal or we win by not getting a deal, "Trump said during a visit to a business roundtable in Burnsville, Minnesota.

  • Traders were still digesting Thursday's export sales report from the U.S. Department of Agriculture showing that China bought more than 77,700 tonnes of U.S. pork in the latest week. "People think that equates to- eventually- big Chinese purchases in the world that ultimately filter back to the United States," said Don Roose, president of Iowa- based U.S....

  • CHICAGO, April 11- Chicago Mercantile Exchange lean hog futures closed higher on Thursday on strong weekly U.S. pork export sales, traders said, including more than 77,000 tonnes sold to China as a fatal hog disease continued to spread in the Asian country. Lean hog futures surged at the open, with the benchmark June contract soaring the daily 3- cent limit after...

  • Grain trader Cargill Inc said it was closing three of its grain handling facilities in Minnesota, two in South Dakota and one in Nebraska on Thursday because of the storm. Rival Archer Daniels Midland Co temporarily closed several grain and edible bean elevators in South Dakota, North Dakota, Minnesota and Wisconsin due to the snow. The storm was dumping more...

  • As of 12:55 p.m. CDT, Chicago Board of Trade May soybean futures were down 7-3/ 4 cents at $8.94-1/ 4 per bushel and May corn was down 2-1/ 4 cents at $3.59-1/ 2 a bushel. Soybeans fell after the U.S. Department of Agriculture reported export sales of U.S. soybeans in the week to April 4 at 280,400 tonnes, well below a range of trade expectations. "The soybeans are reacting to...

  • SINGAPORE, April 11- Chicago corn futures were little changed on Thursday after closing higher in the last session as storms delayed planting in parts of the U.S. The most-active corn contract on the Chicago Board of Trade was unchanged at $3.61-3/ 4 a bushel by 0708 GMT, soybeans rose 0.1 percent to $9.02-1/ 2 and wheat added 0.6 percent to $4.60-1/ 2 a bushel.

  • CHICAGO, April 10- Chicago Mercantile Exchange live cattle futures closed lower on Wednesday for a second straight session as worries eased about a blizzard disrupting feedlots in the U.S. "The storm system for the most part moved further to the north- more to South Dakota, and missed a lot of key areas in Nebraska," said Don Roose, president of Iowa- based U.S....