Business News

Lots Of Meaty Earnings

Is Turkey a canary in the coal mine? Turkey's currency, the lira, has lost over 20% versus the dollar since the start of the year and dropped as much as 5% overnight on Tuesday, as market participants' worries about the state of Turkey's economy rose. (LPL)


Uber announced its first-quarter financials, reporting strong sales growth. Uber plans to sell between $400 million and $600 million in stock at $40 per share to investors. (CNBC)


Best Buy's same store sales rose 7.1% in the first quarter.

Domestic online comparable sales growth was 12% in the U.S.. Best Buy has about 15% of the U.S. consumer electronics market. (Reuters)


Hormel Foods, makers of Spam canned ham, Dinty Moore stew and other foods, reported quarterly earnings of $237.4 million. Revenue was $2.33 billion in the period. Hormel shares have dropped almost 2% since the beginning of the year. (AP)


Procter & Gamble says it will continue investing in Russian plants in the coming years, despite increasing risks due to deteriorating U.S.-Russian relations. (AP)


S&P 500 is down 6 and the NASDAQ is down 7. The MSCI international index is lower.

Oil is down 91 cents at $71.00 a barrel.

Gold is up $7 at $1296 a Troy ounce.

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