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(Reuters) -Conagra Brands on Thursday joined rival General Mills in trimming its annual profit forecast and warning that price cuts on its products across grocery, snacks and frozen food items to spark demand will weigh on margins. Consumers, wary of higher grocery prices, have turned to cheaper private label brands, hurting sales at packaged food companies including Conagra, Campbell's Co, Kraft Heinz and JM Smucker. Conagra, which typically caters to more budget-strapped customers, said volumes improved in the snacking and staples categories such as microwave popcorn, and frozen vegetables on the back of promotions, thought it remains cautious on deep discounting.

Bitcoin (CRYPTO: BTC) is back in the zeitgeist. For better or worse, the leading cryptocurrency is gaining popularity once again after seeing a massive price increase in 2024. After rising around 140% year to date (YTD), the price of Bitcoin has now broken through $100,000.

(Reuters) -Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, a move that could dampen economic growth, reduce fuel demand, and strengthen the dollar. U.S. West Texas Intermediate (WTI) crude for January delivery gained 68 cents, or 0.96% to $71.26. The Federal Reserve on Wednesday cut interest rates and signalled it will slow the pace at which borrowing costs fall further, given a relatively stable unemployment rate and little recent improvement in inflation.

Micron downgraded, Block upgraded: Wall Street's top analyst calls

The U.S. economy grew faster than previously estimated in the third quarter, driven by robust consumer spending. Gross domestic product increased at an upwardly revised 3.1% annualized rate, the Commerce Department's Bureau of Economic Analysis said in its third estimate of third-quarter GDP on Thursday. The revision reflected upgrades to consumer spending and export growth, which offset a downward revision to private inventory investment and upward revision to imports.

(Bloomberg) -- Bond-market veteran Bob Michele says there’s one scenario investors aren’t fully prepared for in 2025: the calmest Treasury market in nearly a decade.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousNew York City’s Historic Preservation Movement Is Having a Midlife CrisisDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalJPMorgan Asset Management’s chief investment officer for global fixed income, currencies and commodities sees a

Post-election profit taking and the Fed’s “dot plot” weighed on the stock market benchmark.