The jobless rate in the United Kingdom increased slightly during the three months leading up to July. However, wage growth remained steady and is now surpassing inflation, which could potentially alleviate some of the pressure on the Bank of England in its efforts to monitor the cooling labor market. According to data released by the Office for National Statistics on Tuesday, … [Read more...] about UK Unemployment Rate Slightly Rises, Wage Growth Ahead of Inflation
Forex News
Smurfit Kappa Group and WestRock Co. Sign Merger Agreement
Smurfit Kappa Group and WestRock Co. have officially signed a merger agreement, creating a global paper and packaging powerhouse valued at approximately $20 billion. The merger was announced on September 7, and the new company will be named Smurfit WestRock. It will be listed on the New York Stock Exchange and have a standard listing in London. Leadership and Ownership … [Read more...] about Smurfit Kappa Group and WestRock Co. Sign Merger Agreement
Palantir Technologies Stock Downgraded
Palantir Technologies saw its stock tumble after an analyst downgraded the company's outlook for the near term. Keith Weiss from Morgan Stanley lowered his call on Palantir (PLTR) to Underweight from Equal Weight. However, he did raise his target for the stock price to $9 from $8. In a research note, Weiss expressed his concerns about the visibility and monetization of … [Read more...] about Palantir Technologies Stock Downgraded
Dell Technologies Posts Better-Than-Expected Q2 Results
Dell Technologies had an impressive second quarter, exceeding expectations in both its PC and enterprise infrastructure businesses. This positive news aligns with a wave of encouraging earnings reports from various technology sector companies, such as Salesforce.com, Okta, CrowdStrike, Ciena, and Hewlett Packard Enterprise. Notably, Dell's performance stands in stark contrast … [Read more...] about Dell Technologies Posts Better-Than-Expected Q2 Results
Technology Stocks Surge on Artificial Intelligence Speculation
Technology companies involved in the development of artificial intelligence (AI) experienced a surge in their stock prices, as the speculative rush into AI-related investments carried on. Leading the pack were shares of Nvidia, Microsoft, Alphabet, and other companies that have made significant advancements in AI technology throughout the year. These stocks continued to build … [Read more...] about Technology Stocks Surge on Artificial Intelligence Speculation
