Three Restorative Recipes to Warm From Within

Herald morning quiz: January 22

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U.S. Business Inventories Jump 1.3% In November, More Than Expected

A report released by the Commerce Department on Friday showed business inventories in the U.S. surged by more than expected in the month of November.

The Commerce Department said business inventories shot up by 1.3 percent in November, matching the upwardly revised jump in October.

Economists had expected inventories to increase by 1.0 percent compared to the 1.2 percent growth originally reported for the previous month.

The report showed retail inventories spiked by 2.0 percent, while wholesale inventories surged by 1.4 percent and manufacturing inventories increased by 0.7 percent.

Meanwhile, the Commerce Department said business sales climbed by 0.7 percent in November after soaring by 2.2 percent in October.

Wholesale sales jumped by 1.3 percent, while manufacturing sales increased by 0.7 percent and retail sales inched up by 0.1 percent.

With inventories increasing by more than sales, the total business inventories/sales ratio ticked up to 1.25 in November from 1.24 in October.

Blue Star Foods Spikes

Blue Star Foods Corp. (BSFC) shares are surging on Friday morning trade in search of new highs. There were no corporate announcements on the day to influence the stock movement.

Currently, shares are at $5.32, up 180 percent from $1.90 on a volume of 30,287,0554. For the 52-week period, the shares have traded in a range of $1.01-$8.00 on average volume of 76,835.

Lots of Love for This Tomato Soup

Ali Slagle’s recipe is pantry-friendly and rich with garlicky flavor.

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By Emily Weinstein

Huntington Bancshares Inc. Q4 Profit misses estimates

Huntington Bancshares Inc. (HBAN) revealed earnings for fourth quarter that missed the Street estimates.

The company’s bottom line totaled $377 million, or $0.26 per share. This compares with $281 million, or $0.27 per share, in last year’s fourth quarter.

Analysts on average had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 33.1% to $1.65 billion from $1.24 billion last year.

Huntington Bancshares Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $377 Mln. vs. $281 Mln. last year.
-EPS (Q4): $0.26 vs. $0.27 last year.
-Analyst Estimates: $0.32
-Revenue (Q4): $1.65 Bln vs. $1.24 Bln last year.

Rupee trades in a narrow range in early session against U.S. dollar

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.04% lower at 95.69

The Indian rupee was trading in a narrow range in morning trade on January 21 as muted domestic equities and sustained foreign fund outflows negated the impact of easing crude oil prices.

At the interbank foreign exchange, the rupee opened at 74.50 against the American dollar, then inched higher to 74.48. The local unit also touched an early low of 74.53 against U.S. dollar in the opening session.

On January 20, the rupee had slipped 7 paise to close at 74.51 against the U.S. dollar.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.04% lower at 95.69.

Easing crude oil prices will cap weakness, however, weak Asian and emerging market peers will cap strength of the domestic unit, Reliance Securities said in a research note.

The weekly futures and options will expire today, so the markets could remain choppy ahead of the expiry, it added.

On the domestic equity market front, the 30-share Sensex was trading 516.36 points or 0.87% lower at 58,948.26, while the broader NSE Nifty declined 151.45 points or 0.85% to 17,605.55.

Global oil benchmark Brent crude futures fell 1.84% to USD 86.75 per barrel.

Foreign institutional investors were net sellers in the capital market on January 20, as they offloaded shares worth ₹4,679.84 crore, as per stock exchange data.

Bon Natural Life Stock Gains 25%

Shares of Bon Natural Life Limited (BON) are gaining over 25% on Friday morning despite no stock-related new statement from the company.

BON is currently trading at $4.06, up $0.85 or 26.48%, on the Nasdaq.

Bon Natural Life engages in the research and development, manufacture, and sale of functional active ingredients extracted from natural herb plants. The company provides personal care ingredients, such as plant extracted fragrance compounds to perfume and fragrance manufacturers; natural health supplements comprising powder drinks and bioactive food ingredient products primarily used as food additives; and nutritional supplements.

Three Restorative Recipes to Warm From Within

An uplifting tonic, a renewing broth and an enlivening soup are just a few ways Yewande Komolafe makes it through the season.

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As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

By Yewande Komolafe