The Latest Breaking News from NYSE

If history is any guide, there may be trouble ahead for shares of Manulife Financial (NYSE:MFC). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Tuesday marks the last chance for investors to receive the next dividend payout from CTO Realty Growth (NYSE:CTO).

According to Benzinga Pro, during Q2, Hormel Foods (NYSE:HRL) earned $261.68 million, a 9.17% increase from the preceding quarter. Hormel Foods also posted a total of $3.10 billion in sales, a 1.74% increase since Q1.

Pulled from Benzinga Pro data, Hilton Grand Vacations (NYSE:HGV) posted Q1 earnings of $51.00 million, an increase from Q4 of 32.0%. Sales dropped to $779.00 million, a 7.04% decrease between quarters.

Pulled from Benzinga Pro data, BWX Technologies (NYSE:BWXT) posted Q1 earnings of $59.07 million, an increase from Q4 of 49.47%. Sales dropped to $531.00 million, a 10.3% decrease between quarters.

MSC Industrial Direct Co Inc. (NYSE:MSM) has acquired Engman-Taylor, a Menomonee Falls, Wisconsin-based distributor of metalworking tools and supplies. Financial terms were not disclosed. MSC Industrial expects the acquisition to be roughly neutral to its FY22 earnings and slightly accretive to FY23 earnings. Engman-Taylor will continue to do business under its current…

The Federal Reserve's interest rate increases to reduce inflationary pressure, and recession fears, have driven many SPAC stocks to significant price declines of late. The shares of Hims & Hers Health (HIMS), Clover Health Investments (CLOV), and BARK (BARK) have retreated more than 60% since these companies went public via…

Mohawk Industries Inc (NYSE:MHK) has agreed to acquire the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) for about $293 million in cash. Vitromex was founded in 1967 and includes four manufacturing facilities strategically located throughout Mexico. Mohawk expects the acquisition to enhance its customer base, manufacturing efficiencies, and logistical capabilities. Vitromex's product…

U.S. stocks traded lower this morning, with the Dow Jones dropping around 150 points on Friday.