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Chicago Mercantile Exchange › (CME:FC.K14)


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Today's Financial News

IMF expects world economy to register slowest growth since 2009, sees risk in emerging markets

6 hours ago

WASHINGTON (AP) — The International Monetary Fund is downgrading its forecast for global economic growth and says falling commodity prices and jumpy financial markets have raised global risks. The report predicts the United States will grow 2.6 percent this year, up from a July forecast of 2.5 percent. Emerging market economies, hurt by tumbling raw materials prices, will grow 4 percent.

Amid concerns over tax arrangements of many multinationals, Europe agrees to share tax info

6 hours ago

LUXEMBOURG (AP) — The European Union's 28 finance ministers have agreed to share details of tax deals their countries reach with big multinational companies, in a move they hope will clamp down on aggressive tax avoidance. He hoped the deal will mean companies pay their fair share of taxes. Many companies, such as Amazon and Starbucks, have struck deals with certain European countries in recent years that have allowed them to pay little tax.

US projects lower heating bills this winter; drop in energy prices, warmer weather credited

6 hours ago

PORTLAND, Maine (AP) — Heating bills should drop this winter for most U.S. households, thanks to a combination of lower energy prices and warmer weather across most of the country. The U.S. Energy Department's annual prediction Tuesday calls for lower energy costs than the past two winters. It says the biggest savings should be for those using propane or heating oil, with homes that use propane spending $322 less and those with heating oil spending $459 less than last winter.

PepsiCo tops Wall Street expectations, boosted by price hikes and cost cutting

6 hours ago

PURCHASE, N.Y. (AP) — PepsiCo's third-quarter profit topped Wall Street expectations as the maker of Frito-Lay snacks and Mountain Dew soda hiked prices and trimmed costs. Snack volume in North America rose by 0.5 percent, while pricing pushed up sales for the division by 2 percent. The company has been increasing consumer choices on sizes, offering Lay's potato chips in a bag that is two ounces smaller than the traditional 10-ounce bag.

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