Delivery Hero Jumps On Uber Bid Report
Shares Rise After Takeover Offer Shares in Delivery Hero rose more than 10% on Monday morning after a Financial Times report said U.S. rival Uber had considered improving its takeover bid for
IBM Rallies On Quantum Funding Boost
Government Award Sparks Quantum Rally IBM shares rallied for a second straight day after the company received a 1 billion dollar award from the U.S. government to support its quantum computing business.
Walmart Outlook Raises Consumer Concerns
A Cautious Forecast Hits Shares Walmart shares fell about 8% on Thursday after the retailer issued a weaker-than-expected financial outlook, raising fresh questions about the health of U.S. consumers as high gas
Walgreens Reports Earnings Beat Amid Store Closures and Cost Cuts
Walgreens Reports Earnings Beat Amid Store Closures and Cost Cuts Walgreens reported fiscal first-quarter results on Friday that surpassed Wall Street expectations, as the company undertakes cost-cutting measures, including the closure of
Key Events Ahead: Markets Honor Late President Carter, Fed Insights, and Jobs Report
Markets Closed Thursday for National Day of Mourning Stock markets (^DJI, ^IXIC, ^GSPC) will be closed on Thursday in observance of the national day of mourning for the late President Jimmy Carter.
The Yield on 30-Year US Treasuries Climbs to Highest Level in Over a Year
The yield on 30-year US Treasuries surged to the highest level in more than a year on Monday, offering a preview of how financial markets might react under President-elect Donald Trump’s leadership
Tesla Reports First Annual Drop in Deliveries Amid Competition and Challenges
Tesla released its fourth-quarter and annual vehicle production and delivery figures for 2024 on Thursday, revealing the company’s first year-over-year decline in deliveries. While Tesla remains a dominant force in the electric
Rising Treasury Yields Challenge U.S. Stock Rally Amid Fed’s Hawkish Shift
The U.S. stock market rally hit a major roadblock on Wednesday as the Federal Reserve signaled fewer rate cuts for 2025 than previously expected, raising Treasury yields and stoking concerns about elevated
Bank of England Rate Cut Expectations Wane Amid Sticky Inflation
Investor confidence in significant rate cuts from the Bank of England (BOE) next year has diminished, with sticky inflation and robust wage growth fueling doubts about aggressive monetary easing. Money markets now
Tesla Hits All-Time High, Driven by Post-Election Rally and Wall Street Optimism
Tesla’s shares soared to a new all-time high on Wednesday, closing at $424.77, surpassing the previous record of $409.97 set on November 4, 2021. The surge was fueled by a post-election rally
Warner Bros. Discovery Restructures Into Linear and Streaming Units
Warner Bros. Discovery announced a significant restructuring plan on Thursday, reorganizing its business into two main units: linear networks and streaming and studios. This strategic move aims to simplify the company’s operations
Big Tech Turns to Nuclear Power to Meet AI Energy Demands
As the artificial intelligence boom accelerates, tech giants like Google, Microsoft, and Amazon are turning to nuclear power to meet the surging electricity demands of their data centers while adhering to carbon-free
Trump’s 2024 Election Victory: Implications for Economy and Markets
The 2024 general election has ushered in a significant shift in U.S. politics, with President-elect Donald Trump securing both the electoral college and popular vote. The Republican Party’s control of the White