01:23 PM EST, 02/24/2025 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%. In corporate news, Starbucks ( SBUX ) said Monday that it's cutting 1,100 non-retail support partner roles and eliminating several hundred unfilled positions as part...

Morgan Stanley analyst Dara Mohsenian initiated coverage on Smithfield Foods Inc ( SFD ) with an Overweight rating and a price forecast of $28.00. Since being acquired by WH Group in 2013, SFD has evolved into a more streamlined, profitable, and resilient protein business, achieved through operational improvements, refining its product and customer portfolio, and recently downsizing its hog production,...

Feb 24 (Reuters) - Anthropic on Monday launched an advanced AI model that can produce faster responses or display its step-by-step reasoning process, as it looks to gain a competitive edge in the generative artificial intelligence industry. The introduction of Anthropic's hybrid model - which combines multiple reasoning approaches to solve complex problems more effectively - comes amid fierce competition...

Celsius Holdings Inc ( CELH ) reported better-than-expected fourth-quarter earnings and entered into an agreement to acquire Alani Nutrition for $1.8 billion. The following are the analysts reaction to both the events. Needham analyst Gerald Pascarelli reiterated a Buy rating on the shares and maintained a price forecast of $38.00. The acquisition of the energy brand Alani Nu represents a revenue...