financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer
May 21, 2024 6:21 AM

08:54 AM EDT, 05/21/2024 (MT Newswires) -- Consumer stocks were steady pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) and Consumer Discretionary Select Sector SPDR Fund (XLY) recently inactive.

JD.com ( JD ) was down more than 4% after saying it is planning a $1.5 billion offering of convertible senior unsecured notes due 2029.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Norges Bank Investment Management backs Disney in board room fight with hedge funds
Norges Bank Investment Management backs Disney in board room fight with hedge funds
Apr 2, 2024
NEW YORK (Reuters) - Norges Bank Investment Management, one of Walt Disney's ( DIS ) biggest investors, said on Tuesday that it voted to re-elect the entertainment giant's directors, dealing a blow to the hedge funds pushing for seats on Disney's ( DIS ) board. NBIM, which manages the Norwegian Government Pension Fund and owned a 1.2% stake in Disney...
Revive Therapeutics Provides Update on Psilocybin Clinical Study for Methamphetamine Use Disorder
Revive Therapeutics Provides Update on Psilocybin Clinical Study for Methamphetamine Use Disorder
Apr 2, 2024
08:31 AM EDT, 04/02/2024 (MT Newswires) -- Revive Therapeutics Ltd. ( RVVTF ) on Tuesday provided an update on its clinical study evaluating the safety and feasibility of oral psilocybin as a potential treatment for methamphetamine use disorder. The study being conducted at the University of Wisconsin-Madison, has enrolled nearly 50% of its intended study sample, with initial efficacy described...
Market Chatter: Shell Initiates Appeal Against Dutch Court Order Requiring 45% Emission Cuts by 2030
Market Chatter: Shell Initiates Appeal Against Dutch Court Order Requiring 45% Emission Cuts by 2030
Apr 2, 2024
08:33 AM EDT, 04/02/2024 (MT Newswires) -- Shell (SHEL) has initiated an appeal against a 2021 court ruling mandating a 45% reduction in its greenhouse gas emissions by 2030 arguing that the ruling obstructs its fight against climate change, Reuters reported Tuesday. Shell's lawyer Daan Lunsingh Scheurleer argued before the court that the 2021 order lacks a legal basis and...
Rivian misses production estimates as EV maker shifts to new supply chain
Rivian misses production estimates as EV maker shifts to new supply chain
Apr 2, 2024
April 2 (Reuters) - Rivian Automotive ( RIVN ) missed market estimates for quarterly production on Tuesday, impacted by the electric vehicle maker's move to transition to new suppliers for fresh materials as it looks to reduce costs and improve efficiencies. The Amazon.com ( AMZN )-backed company produced 13,980 vehicles in the first quarter ended March 31, while eight analysts...
Copyright 2023-2026 - www.financetom.com All Rights Reserved