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Reuters
Tyson Foods moves corporate jobs to Arkansas in latest blow to Chicago
CHICAGO (Reuters) -Tyson Foods Inc is joining other corporate heavyweights in moving jobs out of Illinois. The biggest U.S. meat company by sales said on Wednesday it will relocate all corporate employees from offices in Chicago and suburban Downers Grove, along with those in Dakota Dunes, South Dakota, to its headquarters in Springdale, Arkansas. It is the latest shakeup for Tyson, which has about 1,000 corporate employees in the Chicago-area and South Dakota offices.
MarketWatch
Tyson Foods to move employees from Illinois and South Dakota corporate offices to Arkansas
Tyson Foods Inc. said Wednesday that it will relocate all employees at its corporate offices in downtown Chicago and suburban Downers Grove, Ill., and Dakota Dunes, S.D., to its world headquarters in Springdale, Ark. The meat and processed-foods company said the first phase of the relocation will start in early 2023. “Bringing our talented corporate team members and businesses together under one roof unlocks greater opportunities to share perspectives and ideas, while also enabling us to act qui
TipRanks
Chips Are Down but Not Out; Here Are 2 ‘Strong Buy’ Semiconductor Stocks From a Top Analyst
Chip stocks have had a brutal ride in 2022. The tables have turned on a sector particularly sensitive to cycles; after seeing outsized growth during the pandemic, and despite the global chip shortage, waning demand has seen many in the segment hit hard. Factor in some lofty valuations, a slowing economy and fears of a full-blown recession and the result is the SOX (the main Semiconductor index) is down by 38% year-to-date. That said, there are many good companies operating in the space whose sha
Bloomberg
Cathie Wood’s Dip-Buying Binge Mainly Focusing on Small Stocks
(Bloomberg) — Cathie Wood’s latest dip-buying binge appears to be largely focused on smaller stocks, cementing her firm’s already hefty shareholdings in such companies.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Secretive Chip Startup May Help Huawei Circumvent US SanctionsMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialNord Stream Leaks Caused by Detonations in Sign of SabotageMass Shooting in Thailand Leaves 38 Dead, Most
Bloomberg
Saudi Arabia Defies Expectations and Keeps Oil Prices Steady
(Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Nord Stream Leaks Caused by Detonations in Sign of SabotageSecretive Chip Startup May Help Huawei Circumvent US SanctionsMass Shooting in Thailand Leaves 38 Dead, Mostly ChildrenMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialSaudi Arabia kept oil prices for its main market of Asi
Benzinga
3 Data Center REITs With The Highest Upside According To Analysts
Data centers — a small sub-sector among real estate investment trusts (REITs) — are less well-known than other types of REITs. Data centers own and manage data storage facilities in which their clients store information safely and securely. Data center REITs have struggled in 2022 as have most of the other REITs. Several are down 40% or more off their highs. With data center REITs recently touching 52-week lows, analysts have been setting target prices well above the current prices. Here are thr
TipRanks
Crispin Odey Scored a Whopping 193% Return This Year; Here Are 2 Stocks That the Hedge Fund Tycoon Likes
Most people might not want to glance too often at their stock portfolio in 2022, but not everyone has had a rough year. Making good use of the UK market unrest, Crispin Odey’s hedge fund has had a great one. In fact, with returns of a hefty 193% year-to-date, it has been a record year for the fund. How did the hedge fund tycoon do it? To a large extent, by going short against UK bonds and the British pound, a wise moving considering the pound plummeted even further in September after new Prime M
Reuters
Biden visits New York IBM amid $20 billion investment
WASHINGTON (Reuters) -President Joe Biden on Thursday will tout IBM Corp’s plans to invest $20 billion in New York over the next decade in development and manufacturing of semiconductors, mainframe technology, artificial intelligence and quantum computing. The announcement is the latest in a string of investments unveiled since Biden signed the Chips and Science bill in August that funded $52 billion to subsidize semiconductor chips manufacturing and research. The administration says hefty subsidies for private businesses are necessary because China and the European Union had been awarding billions in incentives to chip companies.
Bloomberg
Porsche Overtakes Parent Volkswagen as Europe’s Most Valuable Automaker
(Bloomberg) — Porsche AG became Europe’s most valuable automaker a week after its initial public offering when its market capitalization overtook parent Volkswagen AG. Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Nord Stream Leaks Caused by Detonations in Sign of SabotageSecretive Chip Startup May Help Huawei Circumvent US SanctionsMass Shooting in Thailand Leaves 38 Dead, Mostly ChildrenMusk Revives $44 Billion Twitter Bid, Aiming to
Bloomberg
Stocks Under Pressure in Countdown to Jobs Report: Markets Wrap
(Bloomberg) — Stocks fell as traders anxiously awaited the all-important jobs report amid remarks from Federal Reserve officials who sounded unequivocally committed to crushing inflation with rate hikes.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Nord Stream Leaks Caused by Detonations in Sign of SabotageSecretive Chip Startup May Help Huawei Circumvent US SanctionsMass Shooting in Thailand Leaves 38 Dead, Mostly ChildrenMusk Revives
Quartz
OPEC’s oil cuts force the US to reconsider its foreign policy
OPEC+ announced it’ll slash output by 2 million barrels per day (bpd) on Wednesday (Oct. 5), the biggest cut since the pandemic started in 2020. The White House’s reaction was swift, calling the decision “shortsighted” and accusing the oil cartel of “aligning with Russia.”
TheStreet.com
Costco Has Surprising Gas News for Members, Investors
Costco offers a very simple proposition to its members. Basically, Costco offers no frills — its stores aren’t just called warehouses, they actually are warehouses — and items are basically just stacked on pallets. Costco also puts relentless pressure on its vendors to squeeze out every penny of cost from each item.