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China's truck manufacturers released safety standards for vehicles carrying edible oil on Monday, as firms attempt to regain consumer trust after a report about fuel tankers transporting cooking oil rekindled fears about food contamination. Despite Beijing's best efforts to step up food safety controls in the past decade, China has struggled to overcome the damage done by a string of past food scandals. The latest incident, in which a report by local daily The Beijing News alleged that fuel tankers had been used to transport soybean oil, cooking oil and syrup without cleaning the tankers in between, implicated state stockpiler Sinograin and cooking oil producer Hopefull Grain.

Chinese truck and food makers attempt to regain consumer trust after tanker scandal

China's truck manufacturers released safety standards for vehicles carrying edible oil on Monday, as firms attempt to regain consumer trust after a report about fuel tankers transporting cooking oil rekindled fears about food contamination. Despite Beijing's best efforts to step up food safety controls in the past decade, China has struggled to overcome the damage done by a string of past food scandals. The latest incident, in which a report by local daily The Beijing News alleged that fuel tankers had been used to transport soybean oil, cooking oil and syrup without cleaning the tankers in between, implicated state stockpiler Sinograin and cooking oil producer Hopefull Grain.
Reuters 22 minutes ago
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Artificial intelligenceInflationFed's path forwardStock market newsPremium newsPersonal finance

Stock Market News

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Eli Lilly is still a smart pick, but these two stocks could grow more in the near term.

Missed Out on Eli Lilly? These 2 Healthcare Stocks Have Big Catalysts on the Horizon.

Eli Lilly is still a smart pick, but these two stocks could grow more in the near term.
Motley Fool 8 minutes ago
LLY
VKTX
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Earnings

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(Bloomberg) -- Despite the recent stock market slump that has some Wall Street pros bracing for a summer correction, respondents to Bloomberg’s Markets Live Pulse survey expect the latest round of corporate earnings to reinvigorate the S&P 500 Index.Most Read from BloombergBiden Exits Race, Endorses Harris as She Shores Up SupportBiden Exit Puts Trump Trade in Doubt as Election Gets Re-SetJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsBiden Is Out: What’s Next for Democrats,

Flailing Stock Market to Get a Lifeline From Earnings, Survey Shows

(Bloomberg) -- Despite the recent stock market slump that has some Wall Street pros bracing for a summer correction, respondents to Bloomberg’s Markets Live Pulse survey expect the latest round of corporate earnings to reinvigorate the S&P 500 Index.Most Read from BloombergBiden Exits Race, Endorses Harris as She Shores Up SupportBiden Exit Puts Trump Trade in Doubt as Election Gets Re-SetJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsBiden Is Out: What’s Next for Democrats,
Bloomberg 3 hours ago
^GSPC
-0.71%
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Investors eye Washington after Biden drops out, Tesla, Visa headline big earnings week: Yahoo Finance

Wall Street will be eyeing what happens in Washington after US President Joe Biden announced on Sunday that he was dropping out of the 2024 presidential race and endorsing Vice President Kamala Harris to replace himself as the Democratic nominee. Investors will also be watching a slew of major earnings set to be released this week, including from companies such as Tesla (TSLA), Alphabet (GOOG, GOOGL), Verizon (VZ), IBM (IBM), Visa (V), and Coca-Cola (K) which may further illustrate the state of the consumer and inflation as traders keep a close eye on the Federal Reserve, anticipating an interest rate cut for September. Trending Tickers on Yahoo Finance include MicroStrategy (MSTR), bitcoin (BTC-USD), and Tesla (TSLA). Top guests today include: 9:05 AM: Greg Valliere, Chief US Policy Strategist, AGF Investments9:15 AM: Dave Mazza, Roundhill Investments Chief Executive Officer10:00 AM: Douglas Brinkley, Rice University Professor of History10:10 AM: Quincy Krosby, LPL Financial Chief Global Strategist10:35 AM: Fmr. Gov. Steve Bullock (Montana-D)10:50 AM: Nina Jankowicz, The American Sunlight Project,Co-Founder & CEO11:15 AM: CJ Follini, NOYACK Founder
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From the Yahoo Finance Newsroom

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Stock market news today: Nasdaq leads US futures higher after Biden backs out

Stock market news today: Nasdaq leads US futures higher after Biden backs out
Yahoo Finance 2 hours ago
^DJI
-0.93%
^GSPC
-0.71%
Harris may become the Democratic presidential candidate, but the policies will still be Biden’s

Harris may become the Democratic presidential candidate, but the policies will still be Biden’s
Yahoo Finance 5 hours ago
Joe Biden dropout fallout, inflation data, and the start of tech earnings: What to know this week

Joe Biden dropout fallout, inflation data, and the start of tech earnings: What to know this week
Yahoo Finance 19 hours ago
QQQ
^IXIC
-0.81%
Joe Biden ends campaign, endorses VP Kamala Harris, throwing election into unprecedented chaos

Joe Biden ends campaign, endorses VP Kamala Harris, throwing election into unprecedented chaos
Yahoo Finance 19 hours ago
'Few Democrats willing to buy a Tesla' after Elon Musk backs Trump, investor warns

'Few Democrats willing to buy a Tesla' after Elon Musk backs Trump, investor warns
Yahoo Finance 20 hours ago
GM
TSLA
-4.02%
Women’s labor force participation pattern 'hiding in plain sight'

Women’s labor force participation pattern 'hiding in plain sight'
Yahoo Finance 21 hours ago
Author Q&A: How to harness your ‘quiet’ power and stand out in the workplace

Author Q&A: How to harness your ‘quiet’ power and stand out in the workplace
Yahoo Finance 22 hours ago
Is a U.S. president from one political party better for the stock market? It's not that simple.

Is a U.S. president from one political party better for the stock market? It's not that simple.
Yahoo Finance 22 hours ago
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Premium News

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Goodyear Tire Strikes $905 Million Deal to Sell Off-The-Road Tire Business

Goodyear Tire Strikes $905 Million Deal to Sell Off-The-Road Tire Business
PREMIUM
MT Newswires 2 hours ago
GT
Stocks Gain Pre-Bell as Biden Drops Presidential Bid; Asia Down, Europe Rises

Stocks Gain Pre-Bell as Biden Drops Presidential Bid; Asia Down, Europe Rises
PREMIUM
MT Newswires 2 hours ago
Tech Democrats Looking for a Reset with Kamala Harris

Tech Democrats Looking for a Reset with Kamala Harris
PREMIUM
The Information 16 hours ago
Trump Signals Changes in U.S. EV Policies

Trump Signals Changes in U.S. EV Policies
PREMIUM
The Information 17 hours ago
Musk’s Bogus California Exodus

Musk’s Bogus California Exodus
PREMIUM
The Information yesterday
Sequoia’s Michael Moritz Calls for Biden to Drop Out

Sequoia’s Michael Moritz Calls for Biden to Drop Out
PREMIUM
The Information 2 days ago
Meta’s AI Weapon; CrowdStrike Strikes Out

Meta’s AI Weapon; CrowdStrike Strikes Out
PREMIUM
The Information 2 days ago
META
CRWD
Key Flexport Fulfillment Exec Is Departing

Key Flexport Fulfillment Exec Is Departing
PREMIUM
The Information 2 days ago
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Housing

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Key U.S. mortgage rate drops to lowest since March, Freddie Mac says

Key U.S. mortgage rate drops to lowest since March, Freddie Mac says
Reuters 3 days ago
FMCC
Mortgage rates fall to lowest level since mid-March

Mortgage rates fall to lowest level since mid-March
Yahoo Finance 3 days ago
Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March

Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March
Associated Press Finance 3 days ago
FMCC
Blackstone’s Gray Expects ‘New Cycle’ for Real Estate Market

Blackstone’s Gray Expects ‘New Cycle’ for Real Estate Market
Bloomberg 3 days ago
BX
+1.60%
Mortgage Lenders Face Checks on Automated Valuation Models

Mortgage Lenders Face Checks on Automated Valuation Models
Bloomberg 4 days ago
US Housing Starts Increase on Pickup in Multifamily Construction

US Housing Starts Increase on Pickup in Multifamily Construction
Bloomberg 4 days ago
US single-family housing starts hit eight-month low; green shoots in manufacturing

US single-family housing starts hit eight-month low; green shoots in manufacturing
Reuters 5 days ago
Apple backs $50 million fund to support Bay Area affordable housing

Apple backs $50 million fund to support Bay Area affordable housing
Reuters 5 days ago
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Personal Finance

Compare the best savings interest rates available today vs. the national average.

Savings interest rates today, July 22, 2024 (earn up to 5.50%)
Yahoo Personal Finance 3 hours ago
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Tech

(Bloomberg) -- US tech stocks were poised to rebound from their worst week since April as investors looked beyond Joe Biden ending his presidential reelection campaign and mainly focused on earnings.Most Read from BloombergBiden Exits Race, Endorses Harris as She Shores Up SupportBiden Exit Puts Trump Trade in Doubt as Election Gets Re-SetJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsBiden Is Out: What’s Next for Democrats, ExplainedTrump’s Remarks Spark Rebuke From Mexico’

US Futures Rise as Traders Look Beyond Biden Exit: Markets Wrap
Bloomberg 59 minutes ago
^GSPC
-0.71%
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Crypto

Asia's first inverse bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday. Hong Kong's CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily (-1x) Inverse Product on the city's stock exchange on Tuesday morning. After the first batch of spot crypto ETFs went public in Hong Kong in April, bitcoin had a bumpy second quarter, losing more than 12%.

Hong Kong to launch Asia's first inverse bitcoin ETF
Reuters 3 hours ago
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