Stocks ended the week on a downward note as rising Treasury yields and concerns over China's property market weighed on investor sentiment. Despite a slight uptick in the Dow Jones Industrial Average, it was still a challenging week for equities across the board. Market Recap The Dow Jones Industrial Average (DJIA) rose slightly by about 27 points or 0.1% to close near 34,501, … [Read more...] about Stock Market Closes Lower as Treasury Yields Rise and China’s Property Woes Continue
Forex News
Arbuthnot Banking Group Reports Strong Profits in H1 2023
Arbuthnot Banking Group, a leading private and commercial bank, has announced a significant increase in pretax profit for the first half of 2023, largely driven by higher interest income. Impressive Financial Results For the six months ending June 30, the bank recorded a pretax profit of £26.4 million ($34.5 million), compared to £3.4 million for the same period in the previous … [Read more...] about Arbuthnot Banking Group Reports Strong Profits in H1 2023
Investigation Reveals Toxic Lead-Covered Cables Damaging Telecommunications Companies
Shares of major telecommunications companies, including AT&T, Frontier Communications, and Lumen Technologies, continued to plummet following a recent investigation by The Wall Street Journal. The investigation shed light on a concerning issue: U.S. phone companies have neglected a network of cables containing toxic lead. This revelation sent AT&T's stock tumbling by … [Read more...] about Investigation Reveals Toxic Lead-Covered Cables Damaging Telecommunications Companies
Nvidia’s Rise in the AI Semiconductor Market
Nvidia has firmly established itself as a leader in the artificial intelligence (AI) semiconductor industry, resulting in a surge in its stock value this year. Citi analysts are optimistic about Nvidia's future prospects, citing increased investment in data centers and the company's competitive edge over its potential rivals. The analysts at Citi have raised their target price … [Read more...] about Nvidia’s Rise in the AI Semiconductor Market
SoftBank Group Corp. in Talks to Purchase 25% Stake in Arm Ltd.
SoftBank Group Corp. is reportedly in discussions to acquire the 25% stake in chip designer Arm Ltd. currently held by its Vision Fund 1. This comes ahead of Arm's highly anticipated initial public offering (IPO). According to Reuters, SoftBank, which already owns 75% of Arm, is negotiating a deal with VF1, the $100 billion investment fund it established in 2017. The potential … [Read more...] about SoftBank Group Corp. in Talks to Purchase 25% Stake in Arm Ltd.
