Category: Latest News
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Goldman warns of pitfalls in Trump’s plan to eliminate U.S. quarterly reports
Goldman Sachs has cautioned that President Donald Trump’s proposal to end quarterly reporting requirements for U.S. companies could produce unintended consequences, citing Europe’s inconsistent disclosure practices as an example of how less frequent reporting can confuse investors without improving long-term results. In Europe, roughly half of STOXX 600 firms release quarterly updates, while the other…
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Alphabet shares rise after China reportedly ends antitrust probe on Google
Alphabet Inc. (NASDAQ:GOOGL) saw its shares edge higher after reports indicated that Chinese authorities have decided to terminate an antitrust investigation into Google, as Beijing and Washington intensify talks on trade, TikTok, and Nvidia (NASDAQ:NVDA), according to the Financial Times on Thursday, citing sources familiar with the matter. The probe, launched in February by China’s…
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U.S. Judge Rules Against Amazon in FTC Prime Case Ahead of Trial
A U.S. federal judge on Wednesday ruled in favor of the Federal Trade Commission in its lawsuit against Amazon (NASDAQ:AMZN), finding that the e-commerce giant violated consumer protection laws in the enrollment of customers for its Prime subscription service. Judge John Chun determined that Amazon breached the Restore Online Shoppers’ Confidence Act by collecting payment…
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General Mills exploring stake acquisition in India’s Balaji Wafers
General Mills Inc (NYSE:GIS) is reportedly in discussions to acquire a stake in Indian snack leader Balaji Wafers, according to the Economic Times on Thursday. The American food company is joining several other potential buyers seeking a piece of the Indian snack giant. The talks involve General Mills negotiating with Balaji’s founders to purchase a…
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Novo Nordisk’s Wegovy pill rivals injection in weight loss trial; shares rise
Novo Nordisk (NYSE:NVO) reported that its experimental Wegovy oral tablet produced substantial weight loss in a late-stage clinical trial, delivering results comparable to its injectable counterpart. The findings were published Wednesday in The New England Journal of Medicine. Shares of Novo Nordisk rose 3% in early trading in Copenhagen on Thursday. The 64-week study involved…
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Dow Jones, S&P, Nasdaq, Wall Street Futures rise as Fed cuts rates; gold eases from record highs
U.S. stock futures edged higher Thursday after the Federal Reserve implemented its first interest rate cut since December, a move that had been widely anticipated. Chair Jerome Powell emphasized the importance of cautious risk management, pointing to a softening labor market as a key concern. Market observers expect additional rate reductions later this year, although…
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Dollar strengthens amid choppy trading after Fed rate cut; pound softens ahead of BoE meeting
The U.S. dollar moved higher Thursday following volatile trading in the aftermath of the Federal Reserve’s interest rate reduction, while the British pound slipped as investors awaited the Bank of England’s policy announcement. By 04:05 ET (08:05 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, had gained 0.1%…
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Gold Pulls Back from Record Highs as Dollar Rebounds After Fed’s Rate Decision
Gold prices retreated in Thursday’s Asian session, stepping back from recent record levels as the U.S. dollar strengthened following the Federal Reserve’s widely anticipated interest rate cut and its cautious outlook for future policy moves. Spot gold dropped 0.7% to $3,635.55 per ounce by 02:24 ET (06:24 GMT), extending losses of nearly 1% from the…
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Oil Prices Slip Following Fed Rate Cut and Mixed U.S. Inventory Reports
Oil prices softened in Asian trading on Thursday, retreating after earlier climbs to two-week highs as markets reacted to the Federal Reserve’s interest rate cut and mixed signals from U.S. crude inventory data. Crude had been trending upward this week, driven by ongoing military tensions between Russia and Ukraine, which raised concerns about potential disruptions…
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U.S. Stocks Close Mixed Following Significant Post-Fed Volatility
Stocks turned in a lackluster performance throughout much of the session on Wednesday before seeing substantial volatility in afternoon trading following the Federal Reserve’s highly anticipated monetary policy announcement. The major averages showed wild swings back and forth across the unchanged line before eventually closing mixed. While the Dow climbed 260.42 points or 0.6 percent…