Hormel Foods Appoints Donald Monk as Company's First Chief Technology Officer [Accessibility Statement] Skip NavigationNew role underscores company's commitment to modernizing technology, digital and data capabilitiesAUSTIN, Minn., Feb. 24, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Donald Monk as chief technology officer, effective March 23. In this newly created role, Monk will serve as the company's senior- most ...

Wall Street sentiment toward General Mills Inc. (NYSE:GIS) is becoming cautious. A leading analyst has downgraded the stock, reduced his price target and extended the expected recovery timeline. Several others share this outlook. • What are GIS shares doing today?Below is an overview of the factors behind this shift and its implications for investors.BofA Downgrade DetailsBofA Securities analyst Peter T. Galbo downgraded General Mills to Neutral from Buy and lowered his price forecast to $48 from $55, cit ...

Core Viewpoint - Nexcel Metals Corp. has appointed Mr. Graham Giles as a geological consultant to enhance technical work at the Burnt Hill tungsten project in New Brunswick, Canada, following the publication of a 43-101 technical report [1][3]. Group 1: Appointment of Consultant - Mr. Graham Giles brings over 15 years of experience in mineral exploration, focusing on geological data compilation, database management, GIS integration, and resource modeling [2]. - The consultant's short-term objective is to compile, digitize, and verify all available historical geological, geophysical, geochemical, and drilling data related to the Burnt Hill project [3]. Group 2: Project Details - The Burnt Hill tungsten/molybdenum property spans approximately 1,540 hectares and hosts a NI 43-101 indicated resource of 1,761,000 tonnes with an average of 0.292% WO3, 0.007% MoS2, and 0.008% SnO2 [5]. - Additionally, there are 1,520,000 inferred tonnes averaging 0.263% WO3, 0.008% MoS2, and 0.005% SnO2 [5]. Group 3: Exploration Program - The results from the historical data compilation and updated resource modeling will inform the Company's Phase 1 exploration program, aimed at optimizing exploration planning and capital allocation [3]. - The CEO of Nexcel emphasized that a comprehensive review of historical data is crucial for reducing technical risk and efficiently targeting resource expansion opportunities [3]. Group 4: Market-Making Services - Nexcel has engaged Venture Liquidity Providers Inc. for market-making services to maintain an orderly trading market for its shares on the Canadian Securities Exchange, with a fee of CAD $5,000 per month for three months [8][9].

The K-shaped economy is creating problems for supposedly safe stocks. Here's how. Observers of the economy increasingly describe it as K-shaped, meaning it shows a growing divide between the wealthy, and everyone else.Now, that's showing up in consumer staples. These are companies that make everyday goods like tissues, soap, and groceries. Stocks in these companies are traditionally seen as more safe and stable.And indeed, so far in 2026, investors are rotating out of high-flying AI names and into companies ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here alongside Katie Greifeld, taking you through to that closing bell with a global simulcast. Carol Massar Tim Stenovec Join us now as we welcome our audiences across all of our Bloomberg platforms, Television, radio, our partnership with you to the past, the most crucial moments here in the trading day.Carol Massar ten. Senator, great to see you once again here on this Tuesday afternoon. Did you bring us back any Olympic ...

Market Overview - The S&P 500 and other major indices experienced a mixed trading day, with the S&P 500 and Dow finishing up about 0.1% each, while the Nasdaq composite also rose by 0.1%, but the Nasdaq 100 closed down by 0.1% [6][7] - Overall, the market showed indecisiveness, fluctuating between gains and losses throughout the day, indicating a "wait and see" approach among investors [5][6] Sector Performance - Real estate was the biggest gainer among sectors, increasing by 1%, while financials also performed well, and tech rose by approximately 0.5% [9] - Consumer staples were the largest losers, declining by 1.5%, followed closely by energy, which fell by 1.4% [10] Earnings Reports - Caesars Entertainment reported a fourth-quarter loss of $1.23 per share, with net revenue of $2.92 billion, slightly above the street estimate of $2.89 billion [11] - Norwegian Cruise Line was the top gainer in the S&P 500, rising by about 12% after Elliott Investment Management acquired a more than 10% stake and urged changes to unlock significant shareholder value [13] - Masimo saw a 34% increase in its stock price after Danaher announced its acquisition for $80 per share, representing a 40% premium over the previous close, with a total enterprise value of approximately $9.9 billion [14] - TripAdvisor's stock rose by about 9% following a letter from Starboard Value highlighting underperformance and plans to nominate a majority slate of directors [14] - Genuine Parts Company, the owner of Napa Auto Parts, fell by over 14.5% after reporting fourth-quarter earnings that missed expectations and announcing plans to split into two public companies [18] - General Mills' stock dropped by 7% after the company lowered its fiscal 2026 outlook due to a challenging consumer environment [24] Guidance and Future Outlook - Cadence Design reported adjusted EPS of $0.99, beating expectations, and provided full-year revenue guidance of $5.9 billion to $6 billion, aligning with street estimates [16] - Palo Alto Networks projected full-year adjusted EPS between $3.65 and $3.70, below the estimate of $3.87, with revenue guidance of $1.28 billion to $1.31 billion [21]

Group 1 - The company lowered its sales outlook due to weaker-than-expected consumer demand [1]

Core Insights - General Mills has reduced its full-year sales and earnings forecast due to a challenging consumer environment, expecting organic net sales to decline between 1.5% and 2% this year, compared to a previous forecast of up to 1% growth [1][1] - Adjusted earnings per share are anticipated to decrease by 16% to 20%, a revision from the earlier estimate of a 10% to 15% decline [1][1] Company Performance - Shares of General Mills fell by 8% in late trading following the announcement of the revised forecasts [1][1] - The decline in General Mills' stock reflects broader pressures in the packaged food sector, with competitors like Mondelez International, Kraft Heinz, and Campbell's also experiencing stock drops of 5% to over 7% [1][1] Consumer Trends - The company attributes the decline in sales to weak consumer sentiment, heightened uncertainty, and significant volatility affecting consumer purchasing patterns [1][1] - Low- and middle-income consumers are particularly impacted by inflation and reduced government benefits, leading them to seek discounted products rather than purchasing at full price [1][1] - A recent survey indicated a 20-point gap in consumer sentiment between those with stock holdings and those without, highlighting the financial strain on lower-income groups [1][1]

DANI: THE LONG WEEKEND IS OVER. DECLINES. 30 MINUTES UNTIL THE START OF CASH EQUITY TRADING.MATT MILLER IS OFF THIS WEEK. "BLOOMBERG OPEN INTEREST" STARTS RIGHT NOW. COMING UP, WARNER BROS.REOPENS TALKS WITH PARAMOUNT, A MOVE THAT COULD SET THE STAGE FOR ANOTHER BIDDING WAR WITH NETFLIX. ACTIVIST ACTION. STARBOARD TARGETS TRIP ADVISOR, A MAJOR STAKE IN NORWEGIAN, AND CHANGE AT PFIZER.ANTHROPIC AND PENTAGON HIT A SNAG IN CONTRACT TALKS OVER MASS SURVEILLANCE AND SECURITY CONCERNS. SOME STOCKS WE HAVE OUR EYE ...

Core Viewpoint - General Mills has reduced its annual sales and profit forecasts due to weak consumer sentiment and a shift towards healthier, lower-cost food options impacting demand for packaged products [1][9]. Group 1: Sales and Profit Forecasts - The company now expects annual sales to decline by 1.5% to 2%, a revision from its previous forecast of a decline of 1% to an increase of 1% [11]. - General Mills anticipates that annual adjusted operating profit and adjusted earnings per share will fall by 16% to 20% in constant currency, compared to the earlier outlook of a 10% to 15% decline [13]. Group 2: Consumer Behavior and Market Trends - Weak consumer sentiment, heightened uncertainty, and significant volatility have negatively impacted category growth and altered consumer purchasing patterns, leading to a slower recovery in volume and higher costs than expected [2]. - The shift in consumer preferences towards healthier options and the increased use of GLP-1 weight-loss drugs are further pressuring demand for packaged foods [3][6]. - Economic pressures are causing lower- and middle-income consumers to focus more on value, reshaping their spending patterns [6][7]. Group 3: Competitive Landscape - General Mills faces growing competition in the protein options market, which is affecting its product lines, including its own protein cereals [5]. - Other companies in the industry, such as PepsiCo, have responded to consumer backlash by cutting prices on core brands, indicating a trend towards value offerings [9].