Stock Market
US Corporate Bond Spreads Widen Amidst Economic Uncertainty
US corporate bond spreads experienced a notable expansion on Tuesday, with an average increase of two basis points (bps), as indicated by the ICE BofA...
House Speaker Ousting Casts Shadow on Stock Market Stability
The sudden ousting of House Speaker Kevin McCarthy has ignited concerns within financial circles, as analysts fear potential ramifications for the stock market. McCarthy’s instrumental...
Ford Reports Impressive 8% Surge in Q3 US car Sales
Ford announced on Wednesday a robust surge in US car sales for the third quarter (Q3), marking an impressive 8% increase from the same period...
Wall Street Braces for House Speaker Fallout
As the opening bell chimed on Wednesday, Wall Street stocks inched higher, offering a fleeting respite from the tumultuous slide in bond markets, while traders...
Wall Street Sees Sharp Decline Amid Rising Yields
In a turbulent day of trading, Wall Street experienced a significant decline on Tuesday, as both the S&P 500 and Dow Jones Industrial Average witnessed...
Federal Reserve Joins Instagram and Threads
In a strategic move to enhance public outreach, the Federal Reserve, a pivotal economic institution in the United States, unveiled official accounts on Meta’s Instagram...
McCormick & Company Boosts Profits Despite Market Challenges
McCormick & Company Inc., renowned for its Cholula hot sauce, demonstrated resilience in the face of market headwinds, announcing a favorable upturn in its bottom...
Q3 Report: US New Vehicle Sales Defy UAW Strike Concerns
Global automakers have reported a significant surge in new vehicle sales in the US during the third quarter of this year. Leading the charge, General...
TSMC Sees Significant Stock Value Decline
Taiwan Semiconductor Manufacturing Co. (TSMC) is experiencing a significant decline in its stock value, surpassing any other in Asia since mid-June. This trend is indicative...
Eli Lilly to Acquire Point Biopharma Global for $1.4 Billion
pharmaceutical giant Eli Lilly and Co. has announced its acquisition of Point Biopharma Global for a substantial $1.4 billion. The deal, disclosed by the companies...
