Business
PBM Shift of Blue Shield Sends Healthcare Stocks Sinking
A seismic shakeup in the realm of pharmacy benefits manager (PBM) services, declared by California Blue Shield, reverberated through the healthcare industry on Thursday, triggering...
Influence of Walmart Reshapes Grocery Sector Landscape
In a significant upheaval of the grocery sector, retail giant Walmart (WMT) is solidifying its hold as the leading player, expanding its market share during...
Yield Surge Sends Ripples Through Global Bond Markets
In a significant shift that has rippled across global financial markets, bond traders are facing the stark realization that the era of rock-bottom yields may...
Farfetch Hit by US and China Demand Slump, Shares Drop
Shares of online luxury goods retailer Farfetch took a severe hit, plunging nearly 40% to an unprecedented low on Friday, following a tumultuous period of...
Instacart Gears Up for September IPO, Igniting US Listing Hopes
Instacart Inc., the San Francisco-based grocery-delivery company, is gearing up for its much-anticipated initial public offering (IPO), potentially set to take place as early as...
WeWork Aims to Bounce Back with Reverse Stock Split Tactic
In a strategic maneuver aimed at reclaiming compliance with New York Stock Exchange (NYSE) listing prerequisites, WeWork made a significant announcement on Friday confirming its...
China Evergrande Seeks U.S. Bankruptcy Protection
In a bold move amidst China’s escalating property crisis, China Evergrande Group, once a titan in the real estate industry, has sought refuge under the...
Economy Sends Mixed Signals: Investors Tread Carefully
This week’s economic landscape has resembled a rollercoaster, taking investors on a turbulent journey marked by both highs and lows. Amidst this tumultuous backdrop, investors...
Robust Demand Propels Q3 Profits of Deere & Co to 60% Surge
Deere & Co, the renowned global leader in agricultural equipment manufacturing, has outperformed Wall Street projections for Q3 earnings, propelling its shares 1% higher in...
End of an Era: Microsoft Axes Xbox 360 Store and Marketplace
In a significant move that marks the end of an era for gaming enthusiasts, Microsoft Corporation has declared its intention to discontinue the Xbox 360...
