The U.S. Department of Agriculture on Wednesday reported big declines in U.S. stocks of soybeans, corn and wheat from year-ago levels. The Grain Stocks report showed U.S. soybean stocks at 523 million bushels, down 42% from Sept. 1, 2019. Corn stocks were down 10% from a year ago at 2 billion bushels and all wheat

Shares of Yalla Group Ltd. , a social networking and entertainment platform active in the Middle East and North Africa, fell 3% in their trading debut Wednesday, after the deal priced at $7.50 per ADS, the lower end of its $7 to $9 price range. The company sold 18.6 million shares to raise about $139.5

Shares of Boqii Holding Ltd. , a Chinese pet products online platform, fell 32% in their trading debut Wednesday, after the company priced its initial public offering at $10 per American Depositary Share, the lower end of its price range. The company sold 7 million ADS to raise $70 million. The stock is trading on

Exchange-traded funds focused on the industrial sector rallied Wednesday amid a rebound for stocks as economic data surprised to the upside. The Industrial Select Sector SPDR Fund gained 1.5% at midday, making it one of the biggest sector-tracker winners of the day. The iShares U.S. Industrials ETF was 1.3% higher. In addition to shipping and

U.S. stocks rose Wednesday after trading initially lower in pre-market hours as analysts said the first presidential election debate didn’t provide much of an outlook on the coming November election. The S&P 500 rose 0.4% to 3,348. The Dow Jones Industrial Average advanced 182 points, or 0.7%, to 27,635. The Nasdaq Composite rose 0.2% to

Shares of Quest Diagnostics Inc. gained 3.1% in premarket trading on Wednesday after the company said it is now offering three panel tests that can detect COVID-19 as well as other respiratory infections, like the flu. Instead of ordering separate tests, a health care provider can now use a single specimen to test for different

Yalla Group Ltd. , a social networking and entertainment platform active in the Middle East and North Africa, priced its initial public offering at $7.50 per American Depositary Share on Wednesday, the lower end of its $7 to $9 price range. The company sold 18.6 million shares to raise about $139.5 million. The shares will

ConocoPhillips said Wednesday it is planning to resume share buybacks in the fourth quarter with plans to repurchase $1 billion worth. The Houston-based oil and gas company made the announcement as it offered updated guidance for the third quarter. The company expects production volumes of 1,050 thousands barrels of oil equivalent per day, or MBoed,

The New York Stock Exchange set a so-called reference price of $7.25 a share for data-mining-software company Palantir Technologies’ direct listing Wednesday. In a statement, the exchange said the reference price is not the opening price, but rather a guide for investors. Asana , a work collaboration software company which is also going public via

Elanco Animal Health Inc. said Wednesday it is restructuring its business just two months after closing the acquisition of Bayer Animal Health. The Greenfield, Indiana-based company said it expects to cut 900 jobs across nearly 40 countries, mostly in sales and marketing, but also in R&D, manufacturing and quality, and back office support. The company