by Disun Holloway | Sep 4, 2024 | Domestic, Economics, International Buzz
Steel stocks took a sharp hit as the White House prepares to block the $14.9 billion takeover of U.S. Steel by Japan’s Nippon Steel. President Joe Biden is expected to announce his decision to halt the acquisition soon, according to a report by The Washington...
by Elvis Guaman | Aug 23, 2024 | Domestic, Economics, Market News, Market News, Stock Market, The Market Buzz
In a dramatic turn of events this morning, stock markets soared following Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Economic Symposium. Powell’s announcement of potential interest rate cuts, paired with a cautious...
by Bryant Lum | Aug 21, 2024 | Economics, Investing News, Market News, Market News, Retail, Stock Market, The Market Buzz
In a challenging turn for retail giant Macy’s, the company has reported another quarter of declining sales, revealing a troubling trend that continues to grip its financial performance. For the latest quarter, Macy’s reported sales of $4.9 billion, falling short of...
by Lucas Shum | Aug 20, 2024 | Domestic, Economics, Market News, Stock Market, The Market Buzz
In a notable shift from recent bullish trends, U.S. stock markets experienced a decline today, snapping an impressive eight-day winning streak. The downturn comes as investors grapple with anticipation surrounding potential changes in Federal Reserve policy,...
