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
Mar 20, 2026 6:19 AM

08:54 AM EDT, 03/20/2026 (MT Newswires) -- Consumer stocks were falling pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.3%.

McCormick ( MKC ) is engaged in discussions for a potential acquisition of Unilever's ( UL ) food business, the companies said. Shares of Unilever ( UL ) were up more than 1% premarket.

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 >
Scotiabank Previews Next Week's Bank of Canada Policy Decision
Scotiabank Previews Next Week's Bank of Canada Policy Decision
Sep 12, 2025
08:48 AM EDT, 09/12/2025 (MT Newswires) -- Though inflation remains high, central banks seem inclined to treat the strength in inflation as transitory, as was the original thinking during the COVID-19 pandemic, said Scotiabank. Combined with below-potential growth in the United States and Canada, Scotiaban state it believes the Bank of Canada will cut by 25 basis points at each...
NameSilo Technologies to Acquire SewerVUE For $2.45 Million
NameSilo Technologies to Acquire SewerVUE For $2.45 Million
Sep 12, 2025
08:45 AM EDT, 09/12/2025 (MT Newswires) -- NameSilo Technologies ( URLOF ) , which gained more than 4% yesterday, said Friday that it is acquiring British Columbia-based SewerVUE Technology for $2.45 million. SewerVUE has pioneered large-diameter pipe inspection technology with innovations such as pipe-penetrating radar and multi-sensor inspections to ensure their partners and clients have comprehensive data to make appropriate...
Eni CEO Meets With US Delegation to Discuss Energy Ties
Eni CEO Meets With US Delegation to Discuss Energy Ties
Sep 12, 2025
08:46 AM EDT, 09/12/2025 (MT Newswires) -- Eni (E) said Friday that its chief executive officer, Claudio Descalzi, met with US energy and interior secretaries to review the company's activities with American partners and discuss global energy scenarios. Descalzi hosted US Secretary of Energy Chris Wright, US Secretary of Interior Doug Burgum and US Ambassador to Italy Tilman Fertitta, the...
Hilb Group Grows with Addition of North Carolina-Based Life, Health, and Employee Benefits Business
Hilb Group Grows with Addition of North Carolina-Based Life, Health, and Employee Benefits Business
Sep 12, 2025
RICHMOND, Va., Sept. 12, 2025 /PRNewswire/ -- The Hilb Group announced today that it has acquired a North Carolina-based life, health, and employee benefits business. The acquisition took effect September 1, 2025, adding to the company's growing presence throughout the state and the Southeast region. About Hilb Group: The Hilb Group is a leading property and casualty and employee benefits insurance brokerage...
Copyright 2023-2026 - www.financetom.com All Rights Reserved