Editor’s Picks
Retail Crime Hits Dick’s Sporting Goods Stock, Dropping 20%
Dick’s Sporting Goods (DKS) witnessed a staggering plummet of more than 20% in its stock value during Tuesday morning trading as the prominent sporting goods...
Modelo Especial Takes Lead in U.S. Beer Sales, Bud Light Slips
In a significant shift in the American beer market, Modelo Especial, the Mexican lager, has emerged triumphant, dethroning Bud Light from its long-standing reign as...
Macy’s Q2 Earnings Shine Amid Credit Card Revenue Slump
Macy’s Inc (M) delivered better-than-expected earnings for the second quarter (Q2) of the fiscal year, but the retail giant acknowledged challenges within its credit card...
Baidu Beats Q2 Revenue Predictions with Advertising Boost
Baidu Inc, the Chinese search engine and artificial intelligence (AI) powerhouse, exceeded revenue projections for the second quarter (Q2), buoyed by a surge in advertising...
S&P Global Slashes Credit Ratings for US Regional Banks
In a significant blow to US regional banks, S&P Global took decisive action on Monday by slashing credit ratings and revising outlooks. This development comes...
Stabilizing Treasury Yield Drive Positive US Stock Futures
On Tuesday morning, US stock futures exhibited a positive trajectory in response to the retreat of the 10-year Treasury note’s yield from the 16-year pinnacle...
Nasdaq Breaks Losing Streak, Leads Wall Street into Green
After a tumultuous period of uncertainty and downward momentum, the stock market experienced a resurgence on Monday, with the tech-heavy Nasdaq Composite breaking its four-day...
DuPont Divests Delrin Resins Unit to TJC for $1.6B
Global chemical manufacturer DuPont De Nemours has announced a major strategic move, revealing an agreement to divest 80.1% of its esteemed Delrin resins unit. The...
Oil Exports Impact Brent Crude, WTI Prices
In response to recent reports of reduced export figures from two major oil-producing nations, Saudi Arabia and Russia, coupled with a surge in heating oil...
Buffett Boosts Housing Involvement with Berkshire Hathaway
The U.S. housing market, grappling with substantial interest rate hikes imposed by the Federal Reserve, is facing unprecedented challenges. However, the influential investment guru Warren...
