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Oil futures settled higher on Monday, rebounding from last week’s loss amid ongoing supply disruptions in Canada and Nigeria. Prices had briefly pared some of their earlier gains after U.S. Federal Reserve Chairwoman Janet Yellen, in a speech Monday, failed to rule out an interest-rate increase at the central bank’s meeting later this month. But “her acknowledgement of the poor jobs data in May and the consequences of a Brexit on U.S. monetary policy led to speculation that a rate increase could be delayed further out,” said Fawad Razaqzada, market analyst at Forex.com. July WTI crude settled at $49.69 a barrel on the New York Mercantile Exchange, up $1.07, or 2.2%. Prices, which lost 1.4% last week, settled at their highest level since July.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Gold futures pared back some of their earlier gains Monday as U.S. Federal Reserve Chairwoman Janet Yellen said further gradual increases in U.S. interest rates will “probably” be appropriate. Higher interest rates can boost the dollar and weigh on dollar-denominated prices of gold. Gold for August delivery traded at $1,245.10 an ounce, up $2.20, or 0.2%, as Yellen spoke to the World Affairs Council of Philadelphia. Prices were trading at around $1,246.30 before the speech began.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

General Mills Inc. said Monday that it will introduce Tiny Toast nationwide in June, the first new cereal launch for the company in more than 15 years. Tiny Toast features crunchy toast pieces covered in small pieces of strawberries or blueberries. The cereal is made with real fruit and other natural flavors, but contains no artificial flavors, colors from artificial sources, or high fructose corn syrup. More than 80% of General Mills’ cereals contain no artifical flavors or colors from artificial sources, the company said in a release. General Mills’ cereal brands include Cheerios, Trix, and Lucky Charms. General Mills shares are down 0.4% in Monday trading, but up 16.6% for the past year. The S&P 500 is up 0.8% for the last 12 months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

General Mills Inc. said Monday that it will introduce Tiny Toast nationwide in June, the first new cereal launch for the company in more than 15 years. Tiny Toast features crunchy toast pieces covered in small pieces of strawberries or blueberries. The cereal is made with real fruit and other natural flavors, but contains no artificial flavors, colors from artificial sources, or high fructose corn syrup. More than 80% of General Mills’ cereals contain no artifical flavors or colors from artificial sources, the company said in a release. General Mills’ cereal brands include Cheerios, Trix, and Lucky Charms. General Mills shares are down 0.4% in Monday trading, but up 16.6% for the past year. The S&P 500 is up 0.8% for the last 12 months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News