Treasury Yields on the Rise Again
Treasury yields are on the rise, impacting the stock market negatively. Historical context and underlying reasons behind increased yields are explored.
Chinese Stocks Attempt a Comeback
Chinese stocks rebound as Beijing addresses economic concerns, but doubts remain. Hong Kong stocks unaffected. Is the economic recovery genuine?
ITM Power Reports Widened Pretax Loss, but Expects Revenue to Rise
ITM Power, a UK clean-fuel and energy-storage company, reports widened pretax loss but expects increased revenue and narrowed losses in the future fiscal year.
Federal Judge Rejects Proposed Settlement in Hyundai and Kia Vehicle Theft Lawsuit
A federal judge rejects the proposed settlement in a class-action lawsuit against Hyundai and Kia due to inadequate relief for vehicle owners. The settlement aimed to cover approximately 9 million vehicles affected by thefts. Attorneys gene...
Communications Services Companies Face Downside Amid Interest-Rate Concerns
Communications services companies are facing a decline as interest-rate concerns grow. Discover the potential risks and their implications.
U.S. Oil Inventories Decrease, but Domestic Production Reaches Three-Year High
U.S. oil inventories decreased as refiners increased activity, while domestic production reached a three-year high. Despite this, oil prices remained stable. Crude-oil stockpiles dropped by 6 million barrels, while gasoline stockpiles saw a...
JD.com Exceeds Earnings Expectations, Stock Falls Amid Chinese Market Concerns
JD.com exceeds earnings expectations in Q2 with a notable increase in revenue. However, stock falls as Chinese market concerns prevail. JD.com's growth and performance impacted by challenging macroeconomic environment.
Malaysia Marine & Heavy Engineering Reports Loss in Q2
Malaysia Marine & Heavy Engineering witnessed a significant drop in shares after reporting a loss in Q2, primarily due to higher provisions. Challenges ahead include elevated raw-material prices and supply-chain disruptions, as well as inte...
Reserve Bank of New Zealand Keeps Interest Rates Unchanged
The Reserve Bank of New Zealand (RBNZ) announced that interest rates will remain unchanged at 5.50%, aiming to bring inflation back to their target range and support employment. This decision comes as New Zealand faces a technical recession...
Cava Group Exceeds Expectations with Strong Q2 Results
Cava Group, the fast-casual restaurant chain, exceeds expectations with impressive Q2 results, surpassing earnings and revenue predictions.