The U.S. stock market experienced consecutive losses on Wednesday as the minutes from the Federal Reserve's July meetings revealed worries about a potential resurgence of inflation. According to preliminary data from FactSet, the Dow Jones Industrial Average (DJIA) declined approximately 180 points, or 0.5%, settling near 34,765. Similarly, the S&P 500 index dropped 0.8%, … [Read more...] about Concerns about Inflation Drive U.S. Stocks Lower
Forex News
Agilent Technologies Faces Challenges in China, Lowers Guidance
Agilent Technologies (ticker: A) experienced a decline in its stock price following a reduction in its revenue guidance due to weak market conditions in China. The company now expects full-year revenue to range from $6.8 billion to $6.85 billion, down from the previous guidance of $6.93 billion to $7.03 billion. Similarly, earnings per share for the full year are now estimated … [Read more...] about Agilent Technologies Faces Challenges in China, Lowers Guidance
Bitcoin and Cryptocurrencies Struggle as Momentum Fades
Bitcoin and other cryptocurrencies experienced a decline on Tuesday, trailing behind the stock market and facing the risk of breaching key price levels. The price of Bitcoin has dropped by approximately 1% in the last 24 hours, hovering just above $30,000. Earlier in trading, it dipped under this psychologically significant level and weakened even further to around $29,700 at … [Read more...] about Bitcoin and Cryptocurrencies Struggle as Momentum Fades
Bond Yields Rise to 15-Year Highs as U.S. Economy Prospers
What's Happening The yield on the 2-year Treasury (BX:TMUBMUSD02Y) remained steady at 4.965%. The yield on the 10-year Treasury (BX:TMUBMUSD10Y) increased by 3.1 basis points to 4.287%. The yield on the 30-year Treasury (BX:TMUBMUSD30Y) rose by 5 basis points to 4.406%. What's Driving Markets On Thursday, important updates on the U.S. economy will be released, including the … [Read more...] about Bond Yields Rise to 15-Year Highs as U.S. Economy Prospers
LSI Industries Reports Strong Fourth-Quarter Earnings
LSI Industries, a leading lighting manufacturer, has exceeded analysts' expectations with its impressive fourth-quarter earnings. The company's shares saw a significant increase of 20% to $15.32 following this positive news. In the fourth quarter, LSI Industries recorded earnings of $8.4 million, or 28 cents per share, compared to $5.2 million, or 18 cents per share, during the … [Read more...] about LSI Industries Reports Strong Fourth-Quarter Earnings
