Nikola Shares Plunge Amid Truck Recall After Battery Fires
Shares of Nikola Corp. experienced a significant decline on Monday as the renowned manufacturer unveiled its decision to initiate a comprehensive recall of its trucks,...
US Steel Shares Surge Post-Declined Cleveland Cliffs Bid
United States Steel Corp. experienced a surge in premarket trading following its decision to decline a takeover offer from rival Cleveland-Cliffs Inc., a move that...
Russian Ruble Reaches Lowest Mark Since Ukraine War Onset
Russia’s economic challenges persist as the Russian ruble tumbled to its most dismal value since the early days of the Ukraine War in April-May 2022....
MSCI Enhances Analytics with $697M Burgiss Group Acquisition
Index provider MSCI announced on Monday its plan to complete the acquisition of the remaining 66% stake in Burgiss Group, a prominent New Jersey-based data...
Market Tug of War: Treasury Yields Climb, Tech Stocks Retreat
As of today, the trading landscape has witnessed a striking juxtaposition: Treasury yields have embarked on an impressive bull run, while the once-mighty tech stocks...
Inflation Data Sparks Investor Reaction: Dow Rises, Nasdaq Falls
In a trading session marked by cautious optimism, stock indices exhibited a mixed performance on Friday as investors grappled with the implications of the most...
Consumer Brands Grapple with Price Hikes as Inflation Wanes
In the midst of an unprecedented surge in inflation, major consumer brands in the United States defended their pandemic-induced price hikes by attributing them to...
U.S. Wholesale Prices Buck Inflation Trend, Rise Modestly in July
In a welcome shift, U.S. wholesale prices experienced a notable uptick in July, signaling a potential reversal of the alarming inflation surge witnessed over the...
Investors Flock to U.S. Treasury Funds on Yield Appeal
U.S treasury funds and bonds have managed to defy lackluster economic projections and capture remarkable levels of investment attracting investors throughout 2023. According to insightful...
News Corp Outpaces Profit Estimates, Fueled by AI Growth
In a surprising turn of events, media mogul Rupert Murdoch’s News Corp announced on Thursday that it had exceeded its quarterly profit estimates, attributing the...
