Gold price recovered some ground on Tuesday after falling to its lowest level in almost a month on Monday. The precious metal was supported by...
Eli Lilly’s Stock Soars After Two Successful Acquisitions
Eli Lilly, one of the world’s leading pharmaceutical companies, has seen its share price reach a record high after completing two strategic acquisitions that could...
Eli Lilly’s Stock Soars After Two Successful Acquisitions
Eli Lilly, one of the world’s leading pharmaceutical companies, has seen its share price reach a record high after completing two strategic acquisitions that could...
US Consumers Expect Lower Inflation and Improved Financial Situation
The Federal Reserve Bank of New York released the July 2023 Survey of Consumer Expectations, which shows that consumers’ inflation expectations declined at all horizons....
SilverBow Resources Acquires Chesapeake Energy’s Eagle Ford Assets for $700 Million
SilverBow Resources, Inc. (NYSE: SBOW), a Houston-based oil and gas company, announced on August 14, 2023, that it has entered into an agreement to acquire...
China’s Shadow Banking Crisis Threatens Xi’s Economic Agenda
One of China’s largest private wealth managers, Zhongzhi Enterprise Group Co., has triggered fresh anxiety about the health of the country’s shadow banking industry after...
Nvidia Stock Surges as Chip Demand Boosts Tech Sector
Nvidia (NVDA), the leading maker of graphics processing units (GPUs) for gaming and artificial intelligence, saw its stock price soar on Monday, leading the S&P...
China’s economic slowdown prompts rate cut and stimulus calls
China’s central bank, the People’s Bank of China (PBOC), unexpectedly cut key policy rates for the second time in three months on Tuesday, in a...
Goldman Sachs Picks Two Energy Stocks with High Growth Potential
The energy sector has been one of the best performers in the first half of 2023, as the global economy recovers from the pandemic and...
AMC Wins Court Approval for Stock Conversion Plan, APE Holders Rejoice
AMC Entertainment Holdings, the world’s largest movie theater chain, has received a green light from a Delaware court to convert its preferred equity units, known...
The Bubble Continues to Burst in the Cannabis Industry as Pick and Shovel Plays Flop on Earnings
The cannabis industry has been facing a harsh reality check as many of the ancillary businesses that were expected to benefit from the legalization wave...
Gasoline and Food Prices Threaten to Push Up Inflation Again
After a period of decline, inflation in the US and other major economies may rise again due to the increasing costs of gasoline and food,...
Stock Market Movers: Top Gainers and Losers of the Week
The stock market had a volatile week, with major indexes swinging between gains and losses amid mixed earnings reports, economic data, and geopolitical tensions. Here...
Chesapeake Energy completes its exit from Eagle Ford basin with $700 million deal
Chesapeake Energy, one of the largest natural gas producers in the United States, has announced that it has sold its remaining assets in the Eagle...
U.S. Steel Rejects Cleveland-Cliffs’ $7.3 Billion Takeover Bid
Cleveland-Cliffs, the largest flat-rolled steel producer in North America, announced on Sunday that it had made a cash-and-stock offer to acquire U.S. Steel, the second-largest...
Mastercard invests in MTN’s fintech unit to expand digital payments in Africa
Mastercard Inc., one of the world’s leading payment processors, has agreed to buy a minority stake in the fintech unit of MTN Group Ltd., Africa’s...