Biden Administration to Hit China with Broader Curbs on US Chip and Tool Exports
The Biden administration is likely to broaden curbs on US shipments to China of semiconductors used for artificial intelligence (AI) and chipmaking tools. As per...
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Goldman Sachs to Cut Jobs This Month, Sources Warn
Goldman Sachs Group Inc is likely to cut jobs as early as this month. Notably, it comes after pausing the annual practice for two years...
Investors Anticipate August Inflation Reading Stocks Increase
U.S. stocks opened higher to start the week as investors awaited an inflation report.Notably, the S&P 500 was up 1 per cent, the NASDAQ Composite...
Walmart’s Walmart+ Membership Has Reached a Record 17 Million, Says Morgan Stanley
On Monday, a research note on Walmart (NYSE: WMT) with positive analysis was published by a Morgan Stanley analyst.Walmart’s shares are now up 0.7 per...
US Bancorp Expects Mortgages to be Down 30%-35% in Q3 Vs Q2
The Financial Services Company US Bancorp has expected a 30 per cent to 35 per cent drop in mortgage revenue in the third quarter from...
Light Street Capital Reconfirms Decision to Vote Against Zendesk Go-Private Deal
On Monday, investment management firm Light Street Capital Management reaffirmed its decision to vote against the software firm Zendesk’s USD 10.2-billion go-private deal with investment...
Roblox Slips, Sees Over 30% Downside Risk
On Monday, shares of Roblox Corp (NYSE: RBLX) are down over 1.5 per cent in the early hours of trading after research by an investment...
Electrolux Shares Plunge After Q3 Profit Warning
On Monday, shares in the Swedish home-appliance maker Electrolux AB dipped in early European trading after the company warned that income would likely slide in...
Prices Of Oil Increase As Supply Unpredictability Grows
Oil prices increased on Monday due to a constrained supply failing to keep up with the still-strong demand, the appearance of barriers in the Iranian...
Euro Jumps on Hawkish ECB Signals, Softer Dollar
On Monday, the euro rose to a more than three-week peak versus the dollar. The European common currency jumped 1.45 per cent to USD 1.0198,...