Stock Market
BlackBerry Divides: IoT and Cybersecurity Units for Growth
Canadian technology company BlackBerry disclosed on Wednesday its intention to segregate its business operations into two distinct units, namely Internet of Things (IoT) and cybersecurity....
Constellation Brands Upgrades Annual Profit Outlook
Constellation Brands, a leading producer of beers and spirits, announced an upward revision of its annual profit target on Thursday, citing robust demand and increased...
Rivian Shares Plummet 11% After $1.5B Bond Offering
Rivian, headquartered in Irvine, California, experienced an 11% plummet in shares on Thursday morning, subsequent to their announcement of a $1.5 billion convertible debt offering...
Negotiations Tighten as UAW and Ford Narrow Pay Gap
Negotiators representing the United Auto Workers (UAW) and Ford Motor reported substantial progress in pay negotiations following a recent proposal from the automaker. Sources close...
Surge in Long-Term Rates Sparks Economic Concerns
The Federal Reserve appears to be tacitly endorsing a surge in long-term interest rates, the highest levels seen since 2007. Over the past month, 10-year...
Wall Street Eyes Labor Data After Bond Reprieve
Following a slight decline at the opening bell on Thursday, Wall Street stocks retraced gains from the previous day’s bond market reprieve, with investors now...
Bond Market Respite Fuels Wall Street Recovery
Wall Street stocks made a strong recovery on Wednesday after a sharp decline in the previous session, as a surge in bond yields took a...
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...
