Energy Stocks on the Rise as U.S. Oil Prices Surge
Friday, July 23, 2021 Energy stocks experienced a significant climb on Friday afternoon, while the S&P 500 struggled to find direction amidst a mixed performance across the broader U.S. stock…
Thursday’s Full Approval of Alzheimer’s Drug Leqembi
Thursday marked the anticipated full approval of the Alzheimer’s disease drug Leqembi. Although this news was expected, it has resulted in some investors choosing to sell. Biogen stock (BIIB) experienced…
JD Sports Fashion to Acquire Remaining Stake in Iberian Sports Retail Group
JD Sports Fashion, the London-listed fashion retailer, has announced its plans to purchase the remaining 49.98% stake of Iberian Sports Retail Group that it does not already own. The acquisition…
Samsung Expects 96% Drop in Q2 Operating Profit
Samsung Electronics, the world's largest manufacturer of memory chips, smartphones, and televisions, has announced that it is expecting a significant decline in its second-quarter operating profit. The preliminary earnings outlook…
Alphabet Inc. Cl A Shares Experience a 3-day Winning Streak
Shares of Alphabet Inc. Cl A (GOOGL, -1.35%) witnessed a decline of 1.35% on Thursday, settling at $120.11. The stock market experienced a gloomy trading session overall, with the S&P…
Home-Builder Sector Faces Selloff Amid Mortgage Rate Concerns
The home-builder sector experienced a significant selloff on Thursday due to a jump in Treasury yields following strong jobs data. This surge in yields raised concerns that higher mortgage rates…
New York State Common Retirement Fund Reports Decline in Investment Return
The New York State Common Retirement Fund, one of the largest public pension funds in the U.S., has recently disclosed a negative 4.14% investment return for its latest fiscal year,…
Canada’s Goods-Trade Deficit Widens in May
OTTAWA - In May, Canada experienced its largest goods-trade deficit with the rest of the world in over two-and-a-half years. The decrease in commodity shipments contributed to lower exports, while…
Meta Platforms Launches Threads: A Promising Twitter Rival
Meta Platforms, the owner of Facebook and Instagram, has recently introduced Threads, a microblogging app that aims to compete with Twitter. Within just seven hours of its launch, Threads garnered…
The Rising Cost of Postage Stamps
The United States Postal Service implemented a 3-cent increase in the price of postage stamps on Sunday, making it the third price hike in the past year. The cost of…
Stifel’s Chief Equity Strategist Anticipates Defensive Stance in U.S. Stocks
Stifel's chief equity strategist, Barry Bannister, is considering a defensive position in U.S. stocks towards the end of this year. This move comes as a precautionary measure against a potential…
Amazon’s Stock Expected to Rise After Prime Day
Amazon.com's stock has historically seen a rise following its highly anticipated sales event, Prime Day. Taking place on July 11 and 12 this year, Prime Day offers exclusive deals to…