Morning Bid: Greenback in the Red as Jackson Hole Looms
A look at the day ahead in U.S. and global markets. The volatility that rocked markets in early August appears […]
Morning Bid: Greenback in the Red as Jackson Hole Looms Read More »
Mark Glenn
Author's Articles
Southwest Airlines (NYSE: LUV) Gears Up for Boardroom Clash with Elliott
CHICAGO – Southwest Airlines (NYSE: LUV) is girding itself for a fight with Elliott Investment Management, rallying support from investors […]
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Fed’s Goolsbee Warns of Prolonged Tight Policy Impact on US Jobs
On Sunday, the Federal Reserve Bank of Chicago President Austan Goolsbee said that U.S. credit conditions are tight and are […]
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Shares of Mpox Vaccine Developers Rally as Virus Spreads Beyond African Borders
Shares in companies making and developing products against mpox surged on Friday as the European Union’s public health body raised […]
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US Single-Family Homebuilding Hits 16-Month Low as Hurricane Beryl and Excess Inventory Stall Market
WASHINGTON – U.S. single-family homebuilding dropped to a 16-month low in July, likely weighed down by Hurricane Beryl and an […]
Fortnite Makes Comeback on iPhones in EU, Now Available on Android Worldwide
STOCKHOLM – Multiplayer shooter game Fortnite is available again on iPhones in the European Union and worldwide on Google’s Android […]
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Texas Instruments (NASDAQ: TXN) Secures $1.6 Billion in CHIPS Act Funding for New US Facilities
Texas Instruments (NASDAQ: TXN) will receive as much as $1.6 billion in direct funding from the U.S. Commerce Department to […]
US Announces Prices in Medicare Drug Negotiations
The U.S. announced the final prices of its first-ever negotiation over prescription drugs on Thursday, with Merck’s (NYSE: MRK) diabetes […]
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US FDA Seeks Fresh Curbs on Sodium Levels in Packaged, Processed Foods
On Thursday, the U.S. Food and Drug Administration laid out fresh goals to cut sodium levels in packaged and processed […]
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US To Save $6 Billion in First Year from Negotiated Medicare Drug Price Cuts
LARGO, Maryland/WASHINGTON – The United States has negotiated down the prices of 10 top-selling prescription drugs used by Medicare by […]
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Japanese Firms Favor Kamala Harris Presidency for Business Prospects: Reuters Survey
TOKYO – More Japanese companies believe a Kamala Harris presidency in the U.S. would be better for their businesses than […]
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Texas Adds NatWest (NYSE: NWG) to Energy ‘Boycott’ List Over Financing Restrictions
Texas has added Britain’s NatWest (NYSE: NWG) to a list of firms that “boycott” energy companies, potentially restricting the bank’s […]
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Cisco (NASDAQ: CSCO) to Slash 7% of Jobs Globally, Stock Surges on Upbeat Q1 Revenue Forecast
On Wednesday, Cisco Systems (NASDAQ: CSCO) said it was witnessing rebounding demand for its networking equipment and announced a 7% […]
Yields Mixed as CPI Opens Door for 25 bp September Cut, 50 bp Not Ruled Out
NEW YORK – Benchmark U.S. Treasury yields slipped on Wednesday after a benign July U.S. consumer inflation reading appeared to […]
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New Drilling Technology To Put Billions of Barrels of Oil in Reach, Analysts Say
HOUSTON – An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 […]
New Drilling Technology To Put Billions of Barrels of Oil in Reach, Analysts Say Read More »
UBS (NYSE: UBS) Agrees to Sell Credit Suisse’s US Mortgage Servicing Business
ZURICH – On Tuesday, UBS (NYSE: UBS) agreed to sell Credit Suisse’s U.S. mortgage servicing business, UBS Chief Financial Officer […]
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Morning Bid: US Clears Inflation Decks, NZ Cut Surprises
A look at the day ahead in U.S. and global markets. Feeding off impressive disinflation and a growing list of […]
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Analysis: Financing Conditions Weather Global Selloff Storm, So Far
This month, a tumultuous sell-off in financial markets has barely scathed global financing conditions, but the risk of further volatility […]
Analysis: Financing Conditions Weather Global Selloff Storm, So Far Read More »
Intel (NASDAQ: INTC) Faces Lawsuit from Ex-Employee Claiming Antisemitism Led to Firing
NEW YORK – On Tuesday, a Jewish former employee of Intel (NASDAQ: INTC) sued the chipmaker, saying he was fired […]
Intel (NASDAQ: INTC) Faces Lawsuit from Ex-Employee Claiming Antisemitism Led to Firing Read More »
US Producer Inflation Slows as Pricing Power Diminishes
WASHINGTON – U.S. producer prices increased less than expected in July as the cost of services fell by the most […]
US Producer Inflation Slows as Pricing Power Diminishes Read More »
US Shale Companies Extract More Crude Using Fewer Rigs
HOUSTON – Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according […]
US Shale Companies Extract More Crude Using Fewer Rigs Read More »
Russia Revokes Banking License of American Express Subsidiary
On Tuesday, Russia’s central bank canceled the banking license of American Express Co’s Russian subsidiary after the U.S. lender’s unit […]
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US Stocks Struggle for Direction with CPI Data in the Spotlight
US stocks closed mixed on Monday as investors braced for a slew of U.S. economic data this week, especially consumer […]
US Stocks Struggle for Direction with CPI Data in the Spotlight Read More »
Shrinking Cash Reserves May Impact US Consumer Spending: SF Fed Report
Middle- and low-income U.S. families now have significantly fewer liquid resources like bank deposits than they were on track to […]
Shrinking Cash Reserves May Impact US Consumer Spending: SF Fed Report Read More »