News
BG
105.79
-3.49%
-3.83
Bunge may need to sell assets to close Viterra deal, analysts say
Bunge's Q1 adjusted earnings topped estimates, but revenues slumped 12.5% Y/Y to $13.4B. Bunge may need to sell assets to close Viterra deal, analysts say. The company's stock fell 3.1% in Wednesday's trading. Canada regulators have concerns about Bunge's planned takeover of Vitera.
Seeking Alpha · 14h ago
Canada's worries about Bunge-Viterra deal may force asset sales
Canada's worries about Bunge-Viterra deal may force asset sales. Canada's competition concerns about U.S. Agribusiness's planned takeover of rival Viterra. Experts say the companies may have to sell some assets to close the deal. The Competition Bureau in Canada is worried about reduced competition in Western Canada.
Reuters · 15h ago
Stocks Fluctuate on Rising Bond Yields
NASDAQ · 16h ago
BUZZ-U.S. STOCKS ON THE MOVE-Globe Life, EQT, Ribbon Communications
Wall Street's main indexes pared early gains to trade lower on Wednesday. Dow Jones Industrial Average .DJI was down 0.11% at 38,460.49. Top three S&P 500 percentage gainers: Tesla Inc, Hasbro and Visa. Positive earnings across several sectors and rising Treasury yields pressured equities.
Reuters · 16h ago
LIVE MARKETS-Goldman: Commodity prices, while high, won't derail the global economy
Goldman Sachs: Commodity prices, while high, won't derail the global economy. Brent oil prices have risen 14% year-to-date. The upside risk to global inflation from higher oil prices is fairly limited, strategists say. Wall Street's main indexes red, Nasdaq falls least.
Reuters · 17h ago
Stocks Lower on Rising Bond Yields
NASDAQ · 17h ago
Bunge Stock Sinks as Falling Prices Weigh on Profit
Grain trader Bunge reported shrinking profit for the first quarter of 2024. The company's stock is down 3.6% as of midday trading. Sales fell 12.5% to $13.4 billion, below Wall Street expectations of $14 billion. Bunge has been slammed by lower prices in the products it sells.
Barron‘s · 17h ago
BUZZ-U.S. STOCKS ON THE MOVE-MSCI, Globe Life, EQT Corp
The Nasdaq outpaced Wall Street peers on Wednesday. Tesla leads gains among megacap stocks after its quarterly results. The Dow Jones Industrial Average was down 0.35% at 38,368.64. The top three S&P 500 percentage gainers were Hasbro and Texas Instruments.
Reuters · 18h ago
LIVE MARKETS-BlackRock and Fidelity bitcoin ETFs among most popular in Q1
BlackRock and Fidelity bitcoin ETFs among most popular in Q1. Two of the U.S. Spot bitcoinETFs launched this year attracted largest flows globally in first quarter. Bitcoin hit a record high of $73,803 in March. Morningstar's Global Asset Flows report shows strong demand for crypto.
Reuters · 19h ago
LIVE MARKETS-Wednesday data gives good yawn: Durable goods, mortgages
New orders for long-lasting U.S. Goods increased by a healthy 2.6% in March. But investors were unimpressed by Wednesday's report. The cost of financing home loans heated up last week. Durable goods, mortgages are a soft spot in the economy.
Reuters · 19h ago
Bunge Global Breaks Below 200-Day Moving Average - Notable for BG
NASDAQ · 19h ago
BG Stock Earnings: Bunge Beats EPS, Misses Revenue for Q1 2024
Bunge reported results for the first quarter of 2024. Bunge reported earnings per share of $3.04. The company reported revenue of $13.42 billion. This was 3.89% worse than the analyst estimate for revenue of  .
Investorplace · 19h ago
Bunge Global SA reports results for the quarter ended in March - Earnings Summary
Bunge Global SA reports quarterly adjusted earnings of $3.04 per share for the quarter ended in March. Revenue fell 12.5% to $13.42 billion from the same quarter last year. The company reported quarterly income of $244 million. Bunge Global's shares have risen 6.9% this quarter.
Reuters · 20h ago
LIVE MARKETS-Wall Street gains with economic data and earnings in focus
Wall Street gains with economic data and earnings in focus. Nasdaq up 0.5%, S&P edges green, Dow slips. Cons disc leads S&p sector gainers; Industrials falls most. Hasbro up after reporting smaller-than-expected drop in first-quarter sales.
Reuters · 20h ago
Bunge Shares Dip Over 5% After Q1 Results: Details Here
Bunge Limited reported first-quarter revenues of $13.417 billion. The company reported adjusted earnings per share of $3.04, beating the analyst consensus of $2.54. Bunge stock has gained over 15% in the past year. The agribusiness company reiterated its full-year 2024 adjusted EPS outlook.
Benzinga · 21h ago
BUZZ-U.S. STOCKS ON THE MOVE-Biogen, Humana, gold miners
The S&P 500 and the Nasdaq were set to open higher on Wednesday. Tesla leads gains among megacap stocks after its quarterly results. Biogen, Humana, gold miners also rise after upbeat earnings reports. Dow e-minis were down 0.15% in early trading.
Reuters · 21h ago
Bunge Says Viterra Deal On Track, Despite Canadian Warning -- Market Talk
Bunge says its $8 billion bid for rival grain trader Viterra will benefit Canada. The deal is still on track to close in the middle of this year. Canada's antitrust watchdog said the deal would harm competition in western part of the country. Bunge says the deal will allow it to increase its investments in Canada.
Dow Jones · 21h ago
Bunge Shares Weaken As Trading Margins Slow -- Market Talk
Bunge reports a 1Q adjusted profit of $3.04 a share. The company is down about 5% premarket. The grain traders' profit margins face pressure from falling crop prices. Increase in soybean processing capacity in the US is also pressuring vegetable oil producers. Company maintained its outlook for the year.
Dow Jones · 21h ago
BUZZ-Bunge falls after downbeat Q1 sales
Grain trader Bunge's BG.N shares down 4.2% to $105 premarket. Company reports downbeat Q1 sales of $13.42 bln. Net sales from company's largest agribusiness segment falls to $9.74 billion.
Reuters · 22h ago
Bunge Global Q1 Net Income Declines
NASDAQ · 23h ago
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About BG
Bunge Global SA is a global agribusiness and food company. The Company conducts its operations via four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. Its Agribusiness segment is an integrated, global business principally involved in the purchase, storage, transportation, processing and sale of agricultural commodities and commodity products. Its Agribusiness operations and assets are located in North and South America, Europe, and Asia-Pacific. The Refined and Specialty Oils segment includes businesses that sell vegetable oils and fats, including cooking oils, shortenings, specialty ingredients, and renewable diesel feedstocks. The Milling segment includes businesses that sell wheat flours, bakery mixes, and corn-based products. The Company also produces sugar and ethanol in Brazil through its 50% interest in BP Bunge Bioenergia, a joint venture with BP p.l.c (BP).