Constellation Energy To Restart Three Mile Island Nuclear Reactor
Constellation Energy (CEG) plans to restart the infamous Three Mile Island nuclear plant in Pennsylvania and sell the power ...
Warning: Fed Jumbo Rate Cut Does Not Fix Housing or Auto Crisis
Markets bid stocks up to all-time highs when the Federal Reserve cut interest rates by 50 bps. This is 25 bps higher than ...
FedEx Stock Falls 13% As Financial Results Disappoint
Shares of Federal Express (FDX) are down 13% after the shipping and logistics company announced financial results and forward ...
U.S. Stock Market At Record High
The U.S. stock market is at an all-time high after the Federal Reserve lowered interest rates by 50-basis points. Both the ...
Lennar’s Financial Results Top Wall Street Forecasts
U.S. homebuilder Lennar (LEN) has reported fiscal third-quarter financial results that beat Wall Street forecasts across the board. The Miami, Florida-based company reported earnings per share (EPS) ...
Spot Gold Surmounts $2,600 for First Time
Gold prices hit a record high of $2,600 U.S. on Friday in a searing rally, as the prospect of more U.S. interest rate cuts ...
Can OPEC+ Prevent Another Rout in Oil Prices?
The OPEC+ group may not have any options left to counter the extreme bearishness in oil markets by further restricting supply ...
Canada Goose Expands Into Eyewear As Parka Sales Decline
Canada Goose (GOOS) is expanding into eyewear as sales of the company’s winter parkas continue to decline. The Toronto-based company has entered a deal with Marchon Eyewear to develop a new signature ...
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Why the S&P 500 All-Time High is Too Good To Be True
On Thursday, the Dow Jones (DJI) closed above 42,000 for the first time. The S&P 500 (SPY) added 95 points to close at 5,713. Markets are highly bullish about the Federal Reserve announcing a rate cut ...
The Politics Behind EU Sanctions
On September 11, the European Union approved the rollover of the asset freezes and visa bans that the bloc has imposed since ...
Japan Leads Asian Gains
Asia-Pacific markets were higher Friday with Japan’s Nikkei 225 leading gains, after Wall Street soared overnight following the Federal Reserve’s outsized rate cut. The Nikkei 225 popped another ...
Nike CEO John Donahoe Steps Down
John Donahoe has announced that he’s retiring from the sneaker and athletic apparel maker effective Oct. 13. Donahoe is being replaced by long-time veteran Elliott Hill, who is coming out of ...