South Korean electronics manufacturer Samsung has issued a profit warning that has caused ripple effects in the stock market, affecting several major technology companies. According to Samsung, its operating profit for the fourth quarter is expected to be 35% lower than the previous year, which is below market expectations. As the world's largest producer of memory chips, … [Read more...] about Samsung’s Profit Warning Sends Shockwaves through Stock Market
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The Evolution of Tires: Innovations at CES
If you were asked to name the most exciting advancements showcased at the CES tech trade show, tires probably wouldn't be at the top of your list. After all, they are often overlooked compared to electric cars and autonomous driving. But times are changing. Goodyear Tire & Rubber, a leading tire manufacturer, is making a bold statement by joining the Las Vegas show. With … [Read more...] about The Evolution of Tires: Innovations at CES
Amazon Workers in U.K. Plan Strike Over Pay and Work Conditions
Up to 100 workers at Amazon's flagship fulfillment center in Birmingham, England, have voted to strike on Jan. 25, according to the GMB Union. The strike is in response to concerns over pay and work conditions at the warehouse, which opened in October. This strike comes one year after the first official industrial action at a U.K. Amazon warehouse in Coventry, England. In … [Read more...] about Amazon Workers in U.K. Plan Strike Over Pay and Work Conditions
Inflation Traders Anticipate Slight Rise in Consumer Price Report
Inflation traders are preparing for a modest increase in the annual headline rate of the consumer price report for December. While this blip is not expected to have a significant impact on the overall trajectory of price gains this year, market indicators suggest a slight uptick. Derivatives-like instruments, known as fixings, are currently trading at levels that imply … [Read more...] about Inflation Traders Anticipate Slight Rise in Consumer Price Report
Bond Yields Decline Ahead of U.S. Inflation Data
As traders await important U.S. inflation data on the horizon, bond yields experienced a decrease early Wednesday. Key Highlights The yield on the 2-year Treasury (BX:TMUBMUSD02Y) dropped by 2.5 basis points to 4.342%. It's crucial to note that yields move inversely to prices. The yield on the 10-year Treasury (BX:TMUBMUSD10Y) fell by 2.9 basis points, reaching … [Read more...] about Bond Yields Decline Ahead of U.S. Inflation Data
