Commodities suffered overall declines for the week, pressured by worries over the demand outlook, but natural gas, frozen orange juice, and wheat futures scored impressive gains for the week. It’s been a “week of declines for more commodity prices, as commodities were caught up in the more widespread selling of…

Is each ticket worth $6? Nah, more like $1.42. If you bought a $2 ticket for the October 11 Powerball lottery you immediately made yourself 58 cents poorer, by my reckoning. I expect the jackpot to be $1.75 billion, slightly more than the official forecast. The chance of winning the…

By Josh Beckerman Peter J. Nolan reported a 5.6% stake in agribusiness and real-estate company Limoneira and said the company’s shares are undervalued. Nolan is a former Leonard Green & Partners executive and is now chairman of California-based Nolan Capital, which has invested in companies including the Fresh Brothers pizza…

Express Inc., the fashion retailer that catered to young professionals with affordable, stylish office wear for the past several decades, may be the next Bed Bath & Beyond – a once-successful brand now worth more dead than alive. For a company that projects current-year revenue of about $2 billion, you…

By Ben Glickman Society Pass named Chief Financial Officer Raynauld Liang as chief executive. The Singapore-based e-commerce and fintech company said in a regulatory filing Friday that CEO Dennis Nguyen resigned from the company Thursday. Society Pass said Nguyen’s resignation didn’t result from a disagreement with the company. Liang previously…

Key News Asian equities were higher as South Korea and Hong Kong outperformed. The State Administration of Financial Supervision issued a statement titled “Notice on Financial Support for the Resumption and Expansion of Consumption,” asking financial institutions to increase support for “the expansion of automobile consumption, increasing financial support for…

By Ben Glickman Shift Technologies will file for bankruptcy protection as it winds down operations. The company said it has already shuttered its two California locations and stopped operating its website. Shares fall 84% to 30 cents after-hours. Talaris Therapeutics declared a special dividend conditional on the completion of its…

By David Winning SYDNEY–Fonterra Co-operative Group raised its farmgate milk prices forecast, citing an improvement in the outlook for dairy supply and demand. The cooperative said it now expects a farmgate milk price of between 6.50 New Zealand dollars (US$4.33) and NZ$8.00 per kilogram of milk solids. A midpoint of…

By David Winning SYDNEY–New Zealand investment company Infratil said the value of its roughly 48% stake in the CDC Data Centres business has risen by 13% over the past six months. Infratil said CDC is now worth between 3.641 billion Australian dollars (US$2.32 billion) and A$4.186 billion, representing a valuation…

The Consumer Price Index report for September 2023 will be released on Thursday, October 12, at 8:30 a.m. ET. Core inflation (excluding food and energy) has been on a generally declining trend for much of 2023, but nowcasts suggest cooling core inflation will continue. That’s despite headline inflation ticking up…