Macy’s Inc. Reports Loss in Latest Quarter with Sales Decline
Macy's Inc. (M) swung to a loss in the latest quarter while experiencing a decline in sales. The company reported a fiscal second-quarter net loss of $22 million, or 8…
New Information in Criminal Case Implicates Trump
Introduction In a major development in the criminal case against Donald Trump, a witness has retracted their previous false testimony and provided new information that implicates the former president. This…
Biopharmaceutical Companies Benefit From Positive Data on Anti-TIGIT Therapy
Shares of several biopharmaceutical companies developing anti-TIGIT cancer therapies experienced a surge in premarket trading following an unexpected disclosure by Roche AG. The disclosure involved interim data from a study…
Foot Locker Inc. Faces Challenges in Back-to-School Season
Introduction Foot Locker Inc., a renowned retailer, is experiencing a slower start to the back-to-school season due to the economic pressures affecting customers' spending habits. Sales Challenges During a recent…
SEC Fines Fundrise $250,000 for Undisclosed Payments to Social Media Personalities and Online Publishers
The Securities and Exchange Commission (SEC) has imposed a $250,000 fine on registered investment advisor Fundrise for allegedly engaging in undisclosed financial relationships with social media personalities and online publishers…
Bitcoin and Cryptocurrencies Rise Along with Stocks
Bitcoin and other cryptocurrencies are experiencing a rise in value on Thursday, as they follow the upward trend of stocks. This positive sentiment towards risk-sensitive assets is fueled by Nvidia's…
Gold Futures Slightly Lower as Traders Await Speech from Federal Reserve Chairman
Gold futures experienced a modest decline on Thursday following four consecutive days of gains, as traders eagerly awaited a speech from Federal Reserve Chairman Jerome Powell scheduled for Friday. The…
The Tragic Plane Crash: A Closer Look at the Passenger Manifest
The recent plane crash in Russia has revealed an unexpected lineup of passengers, drawing attention to the infamous Wagner mercenaries. Among the individuals onboard were key members, including the group's…
Change Lending Loses Special Status in Mortgage Program
Change Lending, a prominent mortgage lender, has recently lost its special status under a government program that aimed to increase homeownership among Black, Hispanic, and low-income borrowers. The company had…
Fire Reported at Marathon Petroleum Refinery in Louisiana
Marathon Petroleum has reported a fire at its Garyville, Louisiana oil refinery. Fortunately, there have been no injuries reported; however, residents living near the plant have been ordered to evacuate…
XPeng and DiDi Global Announce Strategic Partnership
XPeng, a leading electric-vehicle maker, has experienced a significant surge in its shares in Hong Kong following the announcement of a strategic partnership with ride-hailing giant DiDi Global. Positive Market…
Gold Prices and Market Drivers
Gold prices traded higher on Monday, following a weekly advance for the most-active contract in four weeks. The U.S. dollar and Treasury yields remained unchanged, providing some relief for the…