Why is hca stock rising

- A + A KUALA LUMPUR (Aug 10): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended marginally lower on Wednesday as concerns over rising output and higher stock levels continue to weigh on prices, a dealer said. The Malaysian Palm Oil Board (MPOB), in its report released on Wednesday, said Malaysia’s CPO stocks for July 2022 rose 2.79% to 905,946 tonnes from 881,315 tonnes recorded in June 2022. Overall, palm oil stocks increased 7.71% to 1.77 million tonnes from 1.65 million tonnes in the preceding month. The report also said that CPO output increased by 1.84% to 1.57 million tonnes in July versus 1.55 million tonnes in June. Palm oil exports rose by 10.72% month-on-month to 1.32 million tonnes in July from 1.19 million tonnes in June. Palm oil trader David Ng said the report indicated an increase of 1% and 7% in production and stock levels respectively last month and this would put pressure on prices. “Weaker crude oil prices are also … [Read more...] about CPO futures end marginally lower on higher output, stocks

Share to Twitter Share to Linkedin Topline Nikola CEO Mark Russell will retire at the end of the year, the floundering electric and Hydrogen fuel cell vehicle maker announced Wednesday morning, sending its stock surging in pre-market trading. Key Facts Russell will be replaced January 1, 2023, by Michael Lohscheller, the head of Nikola Motors and former CFO of Volkswagen’s North America division. Shares of Nikola rose 5.6% to $7.35 in pre-market trading Wednesday, still down a whopping 88.8% from its all-time high of $65.90 in June 2020. Russell replaced Nikola founder Trevor Milton as the company’s top executive after Milton resigned in September 2020 following fraud accusations. Key Background Nikola went public on June 4, 2020, at $37.55 per share before surging 75% within a week of trading. Briefly hailed as a rival to Tesla, the company’s fall from grace was just as swift as its meteoric rise. In September 2020, … [Read more...] about Nikola Shares Jump On News Of CEO Mark Russell’s Retirement

Share to Twitter Share to Linkedin Topline As rapid inflation continues to fuel recession fears, new data showed consumer prices rose 8.5% in the 12 months ending in July—slowing down for the first time in months in a potential sign that the Federal Reserve's efforts to cool the economy may finally be working. Key Facts Economists were expecting prices to rise 8.7% on an annual basis after they spiked 9.1% in June. Overall prices were unchanged from June—better than economist expectations calling for a 0.2% increase and much lower than the previous month’s increase of 1.3%, according to data released by the Labor Department on Wednesday. The better-than-feared data was the result of a steep 7.7% decline in gasoline prices, which helped offset increases in food and shelter prices, the government said. Core inflation, which excludes volatile food and energy prices, rose 0.3% against an expectation of 0.5%; prices for airline fares, used … [Read more...] about Inflation Spiked 8.5% In July—Slowing For The First Time In Months As Gas Prices Fall From Recent Highs