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Exclusive: Kraft Heinz, Conagra may raise some product prices as grains, edible oil costs surge

Exclusive: Kraft Heinz, Conagra may raise some product prices as grains, edible oil costs surge
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Monetary stimulus to remain well into economic recovery, Powell says

Getty Images / Tasos Katopodis Federal Reserve Chairman Jerome Powell reiterated Thursday that the central bank is far from tapering its asset purchases or raising interest rates. Now is not the time to be talking about an exit from easy monetary policy, the central bank chief said in a virtual discussion. The comments come after various Fed officials suggested that inflation could pick up faster than expected and, in turn, prompt an early rate hike. Powell rebuffed fears of an unexpected policy shift, noting the central bank will notify the public well in advance if it is considering changes to its policy stance.

US stock futures rise and oil nears 1-year high as investors shrug off Donald Trump impeachment and cheer stimulus

» US stock futures rise and oil nears 1-year high as investors shrug off Donald Trump impeachment and cheer stimulus US stock futures rise and oil nears 1-year high as investors shrug off Donald Trump impeachment and cheer stimulus Harry RobertsonJan 13, 2021, 15:47 IST Vice President Mike Pence signaled he would not seek to remove President Donald Trump from officeCarlos Barria/Reuters US stock futures rose, as investors looked past the likely impeachment of President Donald Trump towards the stimulus expected under the administration of Joe Biden. Oil prices rose again, approaching a 1-year high, as investors bet vaccines and stimulus would increase energy demand.

Dow edges higher as stocks attempt to avoid back-to-back losses

Dow misses out on record high as Wall Street avoids back-to-back losses MarketWatch 1/12/2021 MARKET SNAPSHOT U.S. stocks finished slightly higher Tuesday as investors weighed a further rise in bond yields and worries over the resurgence of of the COVID-19 pandemic against prospects for more economic aid from the incoming administration of President-elect Joe Biden and a 2021 economic recovery. Stocks pulled back Monday after ending last week at record levels. The tech-heavy Nasdaq Composite led the way lower, falling 1.3%, while the Dow fell 0.3% and the S&P 500 declined 0.3%. Stocks clung to gains as investors watched a rise in U.S. government bond yields this month. A Treasury market selloff saw the 10-year Treasury note BX:TMUBMUSD10Y recording its largest weekly rise since June in the past week and the spread between the 10-year and 2-year yields a measure of the yield curve briefly hit its widest levels since 2017.

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