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  • MetLife, Allstate Post Strong Gains in Adjusted Earnings -- 2nd Update

    MetLife Inc. (MET) and Allstate Corp. (ALL) posted strong gains in adjusted earnings as the insurers weathered another quarter of the Covid-19 pandemic. Allstate's (ALL) car-insurance business had a strong quarter as rush-hour fender-benders were below normal, with many Americans still working from home rather than commuting. MetLife (MET) had sharply higher death benefits on life-insurance policies while payouts on pension products and other annuities were reduced.

  • Brazil Central Bank Raises Benchmark Selic Interest Rate to 3.5%

    SÃO PAULO--Brazil's central bank raised its benchmark lending rate as policy makers work to counteract inflation amid high commodities prices and a weakened real, and signaled another rate increase of the same size at its next meeting in June. The bank on Wednesday raised its benchmark Selic rate by 75 basis points to 3.5%, as expected, after an increase of the same size at its meeting in March lifted the rate from its record low of 2%. The monetary policy committee said that more...

  • Dow Industrials Rise 0.3% to Close at New High -- Update

    The Dow Jones Industrial Average set a record Wednesday as a strong earnings season continued and fears of rising interest rates eased. It was the Dow's 22nd record close of 2021-- tying the number of records the blue-chip index set in all of 2019, according to Dow Jones Market Data. Its next new high will mark the most in a calendar year since 2017 when there were 71..

  • GRAIN HIGHLIGHTS: Top Stories of the Day

    Wheat Higher as Investors Chase Rally. Wheat for July delivery rose 2.4% to $7.44 1/ 2 a bushel, its highest close since February 2013 on the Chicago Board of Trade. Corn for July delivery rose 1.6% to $7.08 a bushel, its highest close since March 2013. Soybeans for July delivery rose 0.2% to $15.45 1/ 2 a bushel, its highest close since November 2012..

  • LIVESTOCK HIGHLIGHTS: Top Stories of the Day

    Tyson Foods to Pilot Seven Health Centers Near Its Facilities for Staff. Tyson Foods Inc. said Wednesday that it would pilot seven "Bright Blue" health centers near company production facilities in partnership with Marathon Health. The processor and marketer of chicken, beef, and pork said the health centers would provide primary and preventive care, including health screenings, lifestyle coaching and health education, as well as behavioral health counseling.

  • Fed Officials Voice Support for Steady Monetary Policy -- 2nd Update

    Several Federal Reserve officials said Wednesday that they see no need yet to pull back on central bank support for the economy despite an improving outlook. The Fed still has "some ways to go before we reach our dual mandate goals of maximum and inclusive employment and inflation that averages 2%," and for now "policy is likely on hold for some time," Federal Reserve Bank of Chicago President Charles Evans said in a virtual appearance at a conference. Evans was referring to the central...

  • Dow Industrials Rise 0.3% to Close at New High

    The Dow Jones Industrial Average rose to a fresh record Wednesday as concern about the potential for a rise in interest rates eased. The blue-chip average rose about 0.3%, or about 97 points, eclipsing its closing high set in April. The S&P 500 rose less than 0.1%, while the tech-heavy Nasdaq Composite retreated another 0.4% after a sharp decline Tuesday.

  • Google Shifts to Hybrid Workweek, Allowing 20% of Its Employees to Work Remotely

    Alphabet Inc.' s Google (GOOG) said it is offering staff more employment flexibility, allowing roughly 20% of its employees to work from home permanently and another chunk of workers to shift to a different office location. In an email to staff on Wednesday, Alphabet Chief Executive Sundar Pichai said the company envisions that about one-fifth of staff would work from home on a permanent basis, while another 20% of staff would shift to new offices. The remaining 60% of staff will work from...

  • Front Month Nymex Crude Fell 0.09% to Settle at $65.63 -- Data Talk

    Front Month Nymex Crude for June delivery lost six cents per barrel, or 0.09% to $65.63 today. --Snaps a two session winning streak. --Today's settlement value is the fourth highest this year.

  • Dow Industrials on Track for New High

    The Dow Jones Industrial Average rose toward a fresh record Wednesday as concern about the potential for a rise in interest rates eased. The blue-chip average rose 0.5%, or about 166 points, putting it on pace to eclipse its closing high set in April. The S&P 500 rose 0.4%, while the tech-heavy Nasdaq Composite added 0.1% after a sharp decline Tuesday.

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