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
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Belgian Authorities Probe Presence of Alibaba Group
Belgian authorities are intensifying their scrutiny of China’s Alibaba Group Holding (BABA) amid concerns about potential security risks associated with the e-commerce giant’s operations at
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
Ozempic and Wegovy Influence Walmart Shopping Trends
Walmart has reported a discernible shift in shopping behavior linked to the use of appetite-suppressing medications, including diabetes drug Ozempic and Wegovy. John Furner,
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
Oil Prices Plunge Amid Global Growth Concerns
Oil prices plunged once again as fears of a global economic slowdown loomed large. This sharp decline followed yesterday’s substantial drop, marking the most significant
Tesla’s NACS: Hyundai, Kia Make the Switch
Hyundai Motor and Kia Corp have officially confirmed the industry-shifting move towards adopting Tesla Inc’s North American Charging Station Standard (NACS) for their electric vehicles
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
