Stock Market
BofA Downgrades Nordstrom, Kohl’s in Face of Rate Pressure
In response to mounting financial strain on households due to escalating interest rates, Bank of America (BofA) announced a significant reduction in profit estimates and...
Market Jolt: Dow Jones Slips 330 Points in Recent Slide
Wall Street witnessed a second consecutive day of losses on Tuesday, as investors remained wary of the Federal Reserve’s reluctance to implement interest rate cuts...
Cybersecurity Milestone: Cisco Acquires Splunk in $28B Deal
Cisco (CSCO) has sealed a deal to acquire the AI-driven cybersecurity powerhouse, Splunk (SPLK), for a staggering $28 billion, potentially heralding a resurgence in tech...
Nasdaq 100 Index Draws Short Sellers, Raises Concerns
Citigroup strategists have reported a shift in investor sentiment, indicating a growing aversion to the tech-heavy Nasdaq 100 Index. At the onset of the year,...
Stock Prices See Sharp Decline Amid Fed’s Rate Outlook
In a tumultuous start to the trading day, Wall Street witnessed a sharp decline in stock prices on Tuesday as concerns over the Federal Reserve’s...
Market Recovery: Wall Street Overcomes Policy Fears
Wall Street made a resounding recovery on Monday, shrugging off concerns stemming from the Federal Reserve’s recent “higher for longer” policy stance on interest rates....
Moody’s Issues Warning on Potential US Government Shutdown
In a stark advisory released on Monday, global credit ratings agency Moody’s cautioned that a looming US government shutdown could have detrimental implications for the...
Screenwriters’ Strike Uncertainties Rattle Media Stocks in Trading
Major media conglomerates faced a turbulent day of trading on Monday, relinquishing early gains spurred by hopes of an imminent resolution to the ongoing screenwriters’...
Zero Sell Ratings as Guggenheim Upgrades Microsoft
Microsoft has shed all sell ratings, receiving an upgrade to a neutral outlook from Guggenheim on Monday. The investment firm attributed this shift to the...
SEC Investigates Wall Street’s Use of Private Messaging Apps
In a significant development, the US Securities and Exchange Commission (SEC) has intensified its investigation into Wall Street’s use of private messaging applications. According to...
