Stock Market
Stocks Rally as Federal Reserve Maintains Higher Interest Rates
Stocks saw a rally on Thursday, recovering from earlier losses in the week as the Federal Reserve opted to suspend any potential interest rate cuts,...
US Gaming Giant Roblox Takes Careful Steps into China
Roblox, the prominent US based online gaming company, has undertaken a measured approach in its pursuit of the China market. In 2019, the company unveiled...
Costco Gold Bars in High Demand, Selling Out Within Hours
When one thinks of Costco, images of bulk toilet paper and oversized televisions likely come to mind. However, Costco has been quietly making waves in...
Money Traders’ Tactics Impact Wall Street Dynamics
The ongoing two-month selloff in US stocks is poised to intensify further as a combination of factors, including the stance of options dealers on Wall...
JetBlue Airways Faces Q3 Revenue Challenges
On Thursday, JetBlue Airways, a major US carrier, issued a cautionary statement regarding its third-quarter (Q3) revenue, indicating that it was likely to land at...
Spending Slowdown: BofA Credit Cards Show Impact
Bank of America (BofA) recently released new data indicating a 0.3% decrease in spending on its credit cards for the week ending September 23, compared...
Jefferies Financial Group Sees Modest Q3 Rise
Jefferies Financial Group (JEF) has reported its first quarterly surge in investment banking revenue since the close of 2021, indicating a potential upswing in dealmaking...
CarMax Reports Lower Quarterly Profits
CarMax, a prominent player in the preowned car market, reported a dip in its quarterly profits on Thursday, attributing it to a waning demand for...
US Unemployment Benefits Tick Up, Economy Remains Strong
The US Department of Labor announced on Thursday that applications for unemployment benefits saw a modest increase, rising by 2,000 to 204,000 for the week...
Ryan Cohen Takes Helm as GameStop CEO
GameStop (GME), the prominent video game distributor and a darling of the meme stock frenzy, has announced the appointment of Ryan Cohen as its new...
