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5,302.90 -18.51 (-0.35%) Dow
39,696.85 -176.14 (-0.44%) Nasdaq
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VMC Dec 2024 230.000 call
- Reuters
Mexican president rules out expropriating Vulcan's mine but maintains land closure
Mexican President Andres Manuel Lopez Obrador on Wednesday ruled out expropriating U.S. construction company Vulcan Materials' mine but said the land where it operates would remain closed until at least the end of his term. Speaking at his regular press conference, Lopez Obrador accused the company, which extracts limestone in southern part of the country, of environmental damage. "As long as I'm president, we're not going to allow the environment to be destroyed," Lopez Obrador said.
- Zacks
Advanced Drainage Systems (WMS) Q4 Earnings Beat, Margin Up
Advanced Drainage Systems' (WMS) fiscal fourth-quarter results reflect strong segmental performance.
- Yahoo Finance Video
Inflation to stay sticky unless employment improves: Strategist
The Producer Price Index (PPI) reading came in hotter than expected for the month of April, signaling that inflation remains stubborn. Allspring senior portfolio manager Bryant VanCronkhite joins Market Domination Overtime to discuss upcoming economic data and what the Fed needs to keep in mind to curtail inflation. Bryant VanCronkhite identifies a key challenge for the Fed: "I think inflation could stay sticky, largely because the problem here is the employment situation. Both the quality and the quantity of labor is not meeting the needs of the small businesses and large businesses and what they need to drive their businesses forward. And so unless we see that employment situation get fixed, I think inflation is going to stay a little bit sticky right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
