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...
China’s New Plan to Boost Foreign Investment Amid Economic Slowdown
China has announced a new plan to attract more foreign investment and improve its business environment, as it faces a slowing economy and rising tensions...
Tesla Slashes Model Y Prices in China Amid EV Competition
Tesla Inc. has announced a new round of price cuts for its Model Y electric SUVs in China, sparking concerns of a renewed price war...
Exor Acquires 15% Stake in Philips for $2.8 Billion
The Agnelli family’s investment firm Exor has announced that it has bought a 15% stake in Philips, a Dutch company that specializes in healthcare technology....
China’s Economic Slowdown Sparks Stimulus Speculation
China’s trade data for July, released on Monday, showed a weaker-than-expected performance of the world’s second-largest economy. The country’s exports grew by 19.3% year-on-year, down...
How US Inflation is Hurting American Families
The US economy is facing a serious challenge from rising inflation, which is eroding the purchasing power of consumers and squeezing their budgets. According to...
Country Garden’s debt crisis worsens as bond trading halted
Country Garden, one of China’s largest property developers, saw its shares plunge to a new record low on Monday, after it suspended trading of 11...
Netflix Faces Backlash Over Political Docuseries
Netflix, the world’s leading streaming service, is facing criticism from some of its subscribers and investors over its recent docuseries that are perceived as having...