Editor’s Picks
CEO Brian Shroder Departs Binance.US Amid SEC Allegations
Brian Shroder, the former CEO of Binance.US, has stepped down from his position amidst mounting allegations of misuse, deception, and conflicts of interest brought forward...
BP CEO Looney Resigns Over Relationship Disclosures
BP CEO Bernard Looney tendered his resignation on Tuesday, following revelations of undisclosed personal relationships with colleagues during his tenure. The oil major confirmed Looney’s...
UAW Stands Firm on Pay Hikes in Detroit Automakers Talks
The President of the United Auto Workers (UAW), Shawn Fain, asserted on Wednesday that the union remains steadfast in its pursuit of substantial wage increases...
EU Probes Subsidies on Chinese Electric Vehicles
The European Union has initiated an investigation into Chinese subsidies for electric vehicles, aiming to counter the influx of low-cost imports. This move signals a...
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...
