Editor’s Picks
US Market Venture of VinFast: Valuation Spikes and Dips
VinFast (VFS), an electric vehicle (EV) manufacturer, is likely unfamiliar to most Americans. Nonetheless, Vinfast has garnered considerable attention due to its surging valuation and...
Grayscale CEO Sonnenshein Sees Crypto Shift Post Legal Win
In a landmark legal development, Grayscale Investments CEO Michael Sonnenshein has declared a potential turning point for the cryptocurrency sphere. Following what he hailed as...
Medicare Price News Spurs Indifferent Investor Response
The historic revelation made by the Biden Administration on Tuesday, disclosing the first batch of 10 drugs slated for Medicare price negotiations next year under...
Bosch Expands US Footprint with TSI Semiconductors Acquisition
In a strategic move aimed at fortifying its presence in the burgeoning US semiconductor market, Germany’s Bosch Group unveiled its acquisition of California-based chip manufacturer...
Hurricane Idalia Hits Florida Coast, Millions Evacuate, Stocks React
Millions of Florida residents were forced to evacuate and seek refuge in higher ground on Wednesday as Hurricane Idalia, a menacing Category 3 storm, made...
Judge Greenlights Age Discrimination Lawsuit Against X
U.S. District Judge Susan Illston has made a crucial ruling in a legal battle against X, the social media platform formerly known as Twitter, allowing...
Nvidia Faces Rivals’ Surge in AI Chips Race
Nvidia, the tech giant known for its record revenue and remarkable year-over-year growth, finds itself at a pivotal juncture as its grip on the AI...
HP Shares Decline 8% on Profit Alert Amidst Soft PC Demand
Shares of technology behemoth HP (HPQ) experienced a substantial 8% decline during early trading on Wednesday in response to persistent lackluster demand for personal computers,...
J&J Projects 12.5% Annual Profit Growth After Kenvue Spinoff
Healthcare titan Johnson & Johnson (J&J) unveiled its projected annual adjusted profit growth of 12.5% after successfully executing the separation of its consumer health entity,...
Q2 GDP Growth Falls Short of Expectations, Labor Market Cools
The GDP growth for the second quarter (Q2) of 2023 underwent a downward revision on Wednesday, reflecting a dip in business investment that outweighed positive...
