US Steel Acquisition: Stelco Holdings Makes Ambitious Move
In a bid to bolster its steelmaking assets and fortify its presence in the automotive metal supply market, Canadian steel manufacturer Stelco Holdings Inc. has
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McDonald’s Boosts Royalty Fees in US and Canada for 2024
McDonald’s Corporation has announced an increase in royalty fees for new franchise restaurants in the United States and Canada, as revealed in a letter obtained
Russia’s Diesel Export Ban Raises Winter Supply Worries
Russia’s recent decision to impose a ban on the export of diesel and gasoline has sent ripples through the global fuel market., sparking concerns about
Vietnam’s VNG Hits Pause on US IPO Amidst Market Flux
VNG Ltd., a prominent internet startup based in Vietnam, has opted to defer its plans for a US initial public offering (IPO), as disclosed by
Federal Reserve Warns of Rate Hike, Prolonged Elevated Rates
In a stark advisory issued on Friday, Federal Reserve officials signaled an impending rate hike, underscoring the likelihood of sustained elevated interest rates aimed at
Banks Face Headwinds as Federal Reserve Keeps Rates High
In a decisive move this week, the Federal Reserve conveyed its intention to maintain higher interest rates for an extended period, delivering unwelcome news to
Services Sector Data Sparks Concerns for US Economy
New data released on Friday indicates a concerning trend in the US services sector, as it edges closer to contraction. The S&P Global Flash US
Ford Progresses, UAW Escalates Strikes at GM and Stellantis
The United Auto Workers (UAW) union has extended its “stand up” strikes to General Motors (GM) and Stellantis, affecting plants and distribution facilities in 20
Oil Prices Spike After Russia’s Export Ban
Oil prices experienced a sharp surge of over 1% on Friday following Russia’s decision to enforce a ban on the export of diesel and gas.
Amazon Prime Adds Advertising to Prime Video in 2024
Amazon Prime announced on Friday its plans to incorporate advertising into its Prime Video streaming service, effective early next year. This development places Amazon in
