Business
Treasury Yields Surge, Hitting 4.9% – a Level Last Seen in 2007, Prompting Stock Decline
In a notable financial development, Treasury yields experienced a significant surge on Wednesday, with the 10-year Treasury reaching 4.9%, a level not witnessed since 2007....
Tesla, GM, and Ford Express Concerns Over EV Production Amid Economic Uncertainties
Tesla CEO Elon Musk, in line with automotive giants General Motors (GM) and Ford, has urged caution regarding the escalation of electric vehicle (EV) production...
American Airlines Exceeds Profit Expectations Amidst Rising Operational Costs
American Airlines reported an adjusted profit of 38 cents per share for the quarter ending September 30, surpassing analysts’ projections of 25 cents per share,...
Gilead Sciences Invests $100 Million in Assembly Bio for Antiviral Breakthroughs
Gilead Sciences, a leading biopharmaceutical company, has embarked on a landmark 12-year collaboration with Assembly Bio, marking a significant stride in the realm of antiviral...
Shares of Major US Airlines Experience Decline Following United Airlines’ Weak Q4 Forecast
The shares of major US airlines took a significant hit on Wednesday, prompted by United Airlines’ underwhelming fourth-quarter forecast issued the previous day. Concerns are...
Top US Banks Contemplate Job Cuts Amid Lingering Economic Uncertainty
The leading US banks are bracing for potential job cuts, as a persisting economic downturn threatens to impede investment banking activities. Cautionary statements issued by...
Micromobility Invests in Hopium, Shares Surge 13.5%
Micromobility (NASDAQ:MCOM), the renowned electric scooter and e-bike enterprise previously known as Helbiz, has announced a strategic investment in Hopium, a pioneering French start-up with...
Morgan Stanley Reports 9% Drop in Q3 Profits, Investment Banking Fees Plunge 27%
In a telling sign of Wall Street’s ongoing battle to recover from a prolonged slump, Morgan Stanley (MS) reported a 9% decline in third-quarter (Q3)...
Investor Frenzy: Avalon Shares Surge 39.9% on DKAir Breakthrough
Avalon GloboCare shares experienced a substantial surge on Wednesday following a groundbreaking announcement about a strategic partnership with medical device firm Qi Diagnostics. This collaboration...
SeaStar Medical Holding: SCD Device Earns FDA Breakthrough Designation for Hepatorenal Syndrome, Shares Soar
SeaStar Medical Holding Corporation (Nasdaq: ICU) has achieved a significant milestone in the development of its revolutionary medical device. Focused on pioneering solutions to mitigate...
