Rising Gasoline Prices Drive August Inflation Beyond Expectations
Energy prices, notably gasoline, emerged as a pivotal driver behind the Bureau of Labor Statistics’ Consumer Price Index (CPI) surging by 3.7% on a year-over-year...
Citigroup CEO Unveils Bold Management Revamp
CEO Citigroup, Jane Fraser, announced a significant restructuring of the bank’s management, signaling a strategic move towards enhanced oversight and increased profitability. In a statement,...
American, Spirit Airlines Stocks Slide Due to Economic Shifts
In early trading on Wednesday, American Airlines (AAL) and Spirit Airlines (SAVE) witnessed a dip in their respective stock values following a revision of their...
Moderna: Positive Phase 3 Results for mRNA Flu Vaccine
In a significant stride towards bolstering its respiratory virus vaccine portfolio, Moderna (MRNA) unveiled today the encouraging Phase 3 results of its mRNA flu vaccine,...
IEA Warns of Oil Supply shortfall
The International Energy Agency (IEA) has issued a cautionary statement, emphasizing that the recent oil supply cuts by major producers Saudi Arabia and Russia are...
Stock Market Rally Fueled by Inflation Data Anticipation
Stock market kicked off Wednesday on an optimistic note, with investors closely tracking consumer inflation data, which could hold sway over the Federal Reserve’s impending...
Wall Street Drops as Apple Takes Center Stage
Wall Street closed in the red on Tuesday, with tech giant Apple taking the spotlight as it kicked off its highly anticipated fall event. Investors...
McCarthy Spurs Impeachment Inquiry Against Biden
In a surprising turn of events on Tuesday morning, House Speaker Kevin McCarthy yielded to the demands of his right-wing faction, announcing an impeachment inquiry...
Apple Launches iPhone 15: USB-C Ports and Pro-Level Features
In a highly anticipated announcement, Apple launched its latest offerings, the iPhone 15 and iPhone 15 Pro, on Tuesday. These flagship devices bring significant enhancements,...
Intel Sells 10% Stake in IMS Nanofabrication to TSMC for $4.3B
Intel Corporation, a leading chipmaker, announced on Tuesday a groundbreaking agreement to sell a 10% stake of its IMS Nanofabrication business to Taiwan Semiconductor Manufacturing...
