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12 items- NEWSEconomist React To May Retail Sales Data: 'Consumer Spending Is Cooling In A Fairly Orderly Fashion'U.S. retail sales for May fell short of expectations, concerning economists, as it could signal a slowdown in economic growth. The U.S. Census Bureau reported that sales ticked up 0.1% from April to May, missing expectations of a 0.2% month-on-month increase. May sales, which totaled $703.1 billion, were up 2.3% from a year ago, while sales for the March 2024 to May 2024 period gained 2.9% from the same period a year earlier, the agency reported. Nonstore retailers were up 6.8% from last year, while food services and drinking places were up 3.8 % from May 2023. The market reacted calmly to the retail sales miss, as exchange-traded funds in the retail and food services sectors saw
- NEWSWhat's Going On With Food Processing Company Archer-Daniels-Midland Shares Today?Archer-Daniels-Midland Company (NYSE:ADM) shares are trading lower today. On Monday, the company disclosed that Chief Financial Officer (CFO) Vikram Luthar plans to resign from the post effective September 30, 2024. The company said Luthar will receive an annual cash performance incentive award of $743,419 for 2023 and shares earned in 2021 related to the company’s performance. Luthar will remain at the company as a non-executive employee until his resignation date to provide transitional support as the company searches for a new CFO. Read: ADM Executive Bonuses Delayed Amidst Accounting Probe, Leaked Memo Reveals: Report Luthar is the highest-level executive to leave the firm s
- NEWSPepsiCo On CNBC's 'Final Trades,' Plus: A Food & Beverage ETF Has 9 Negative WeeksOn CNBC’s "Halftime Report Final Trades," Joshua Brown of Ritholtz Wealth Management named PepsiCo, Inc. (NASDAQ:PEP) as his final trade. "This is ridiculous," he added. "We're not all going to be skinny." PepsiCo shares fell around 5% on Thursday amid Walmart indicating that there has been a decrease in shopping demand due to the use of appetite-suppressing medications such as Ozempic and Wegovy. PepsiCo is scheduled to issue its third quarter 2023 financial results on Oct. 10. Don’t forget to check out our premarket coverage here Stocks in the food and beverage industry experienced their most challenging week since May 2022, further extending the declines seen in the preceding w
- NEWSSnacks In The Ozempic Era: Food, Beverage Stocks Crash With Weight Loss Drugs On The RiseStocks in the food and beverage industry experienced their most challenging week since May 2022, further extending the declines seen in the preceding weeks. The First Trust Nasdaq Food & Beverage ETF (NYSE:FTXG) plummeted by over 5% this week, marking its third consecutive week of losses and the ninth negative week out of the last ten. The industry gauge has now fallen to levels last observed in February and November 2020, returning to pre-pandemic levels. Beyond the common factors, such as Treasury yields affecting the broader stock market over the last month, the food and beverage sectors face a more substantial bearish pressure due to concerns regarding weight-loss drugs like Oze
- PRFirst Trust Advisors L.P. Announces Distributions for Exchange-Traded FundsFirst Trust Advisors L.P. ("FTA") announces the declaration of distributions for 138 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: December 23, 2022 Record Date: December 27, 2022 Payable Date: December 30, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount Long-Term Capital Gain Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF
- NEWSChina To Play Constructive Role In Promoting Ukraine Peace Talks;-Bloomberg
- PRFirst Trust Advisors L.P. Announces Distributions for Exchange-Traded FundsFirst Trust Advisors L.P. ("FTA") announces the declaration of distributions for 129 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: September 23, 2022 Record Date: September 26, 2022 Payable Date: September 30, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.1000 FEMB
- PRFirst Trust Advisors L.P. Announces Distributions for Exchange-Traded FundsFirst Trust Advisors L.P. ("FTA") announces the declaration of distributions for 135 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: June 24, 2022 Record Date: June 27, 2022 Payable Date: June 30, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0925 FEMB N
- PRFirst Trust Advisors L.P. Announces Distributions for Exchange-Traded FundsFirst Trust Advisors L.P. ("FTA") announces the declaration of distributions for 120 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: March 25, 2022 Record Date: March 28, 2022 Payable Date: March 31, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0900 FEMB Nasdaq First Trust Emerging Markets
- PRFirst Trust Advisors L.P. Announces Distributions for Exchange-Traded FundsFirst Trust Advisors L.P. ("FTA") announces the declaration of distributions for 133 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: December 23, 2021 Record Date: December 27, 2021 Payable Date: December 31, 2021 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount Short-Term Capital Gain Per Share Amount Long-Term Capital Gain Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Excha
- PRFirst Trust Advisors L.P. Announces Distributions for Exchange-Traded FundsFirst Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: September 23, 2021 Record Date: September 24, 2021 Payable Date: September 30, 2021 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0900 FEMB Nasdaq
- PRFirst Trust Advisors L.P. Announces Distributions for Exchange-Traded FundsFirst Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded funds (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: June 24, 2021 Record Date: June 25, 2021 Payable Date: June 30, 2021 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0950 FEMB Nasdaq First Trust Emerging Markets Local Curren