UK to Introduce Carbon Levy on Imported Goods by 2027
The UK will implement a carbon levy on imported emission-intensive goods, expanding its scope to include aluminum, cement, iron, and steel. It aims to contribute to global emissions reduction efforts and align with the EU's similar tax on i...
New Cars: More Affordable than Ever Before
New cars have become more affordable for Americans, with higher incomes, lower interest rates, and increased incentives. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index measures the amount of time an average earner would ne...
Delivery Hero Streamlines Operations
Berlin-based food delivery giant, Delivery Hero, is closing tech hubs and cutting jobs to optimize operations and increase profitability.
U.S. Stocks Set to Open Higher, Housing Market Data and Inflation Measure in Focus
U.S. stocks are set to open higher as investors focus on housing market data and the Federal Reserve's preferred inflation measure. Earnings reports from major companies and important economic indicators will also be key this week.
House Judiciary Committee Subpoenas BlackRock and State Street Global Advisors
The House Judiciary Committee has issued subpoenas to BlackRock and State Street Global Advisors for documents related to environmental, social, and governance goals and antitrust laws.
Refined Product Rally Continues on Friday Trading
ULSD futures drive a rally in refined products, with retail prices expected to shift in the upcoming week.
The Netherlands' Borrowing Needs in 2024
The Dutch State Treasury Agency (DSTA) has estimated that the Netherlands will require 75.7 billion euros ($83.22 billion) in borrowing for 2024, but upcoming elections may influence funding needs. Learn more here.
Stocks in the Asia-Pacific Region
Stocks in the Asia-Pacific region showed mostly positive performance with notable gains and declines. Hong Kong and Japan saw significant increases, while China and Singapore experienced declines.
Apellis Pharmaceuticals Faces Regulatory Setback in European Approval Efforts
Shares of Apellis Pharmaceuticals drop 15% due to potential regulatory setback in European approval for geographic atrophy treatment. Company plans to appeal. CHMP's negative opinion expected.
The Russell 2000's December Rebound
The Russell 2000, a small-cap equity gauge, has outperformed the S&P 500 in December, marking its best performance since January.