Browsing: Business

Treasury yields stabilized in subdued trading as fixed-income markets weighed U.S. Treasury Secretary Scott Bessent’s fiscal management strategy against broader macroeconomic headwinds. Despite recent liquidity support through doubled long-end Treasury buybacks, long-term borrowing costs remained elevated near multi-decade peaks amid

Wall Street stocks finished higher Wednesday as major U.S. indexes recovered from three consecutive sessions of losses. The Dow Jones Industrial Average climbed 295.01 points, or 0.56%, to 53,061.89. The S&P 500 gained 35.16 points, or 0.46%, to close at

Weakening North American retail demand dragged Lululemon Athletica Inc.’s fiscal second-quarter 2026 net revenue down 4% year-over-year to $2.42 billion, missing the $2.46 billion consensus target. While headline diluted earnings per share of $2.92 topped market projections, the outperformance was

Gold rose more than 1% on Thursday, extending a rebound from its lowest level in nearly a month. Spot gold gained 1.1% to $4,434.70 an ounce by 04:25 GMT. U.S. gold futures climbed 1.5% to $4,480.10. The U.S. dollar weakened

Major U.S. stock indexes closed sharply lower as a spike in crude oil prices driven by escalating geopolitical tensions in the Middle East reignited inflation concerns across global equity markets. The blue-chip index posted significant losses as investors evaluated the

U.S. equity indexes held near record levels Wednesday as Wall Street braced for Nvidia’s pivotal second-quarter earnings report. Trading volume remained concentrated in the technology sector as traders balanced elevated valuation metrics against broader macroeconomic indicators, including sticky core inflation

Wall Street’s technology rebound this week gained fresh context after Nvidia released quarterly results Wednesday. Major U.S. indexes had climbed Tuesday as technology and semiconductor shares recovered from the previous session’s decline. The S&P 500 rose 0.31% to 7,676.62. The

The U.S. dollar faced persistent headwinds across global currency markets on Tuesday, unable to maintain overnight gains as major international peers consolidated recent trading ranges. The dollar index, which tracks the greenback against a basket of six major currencies, dipped

Technology giant Apple has released its inaugural public country-by-country tax report for Europe, revealing an extraordinary $17.1 billion income tax contribution in Ireland for the fiscal year ending September 2025. The disclosure comes as part of compliance with new European

U.S. Energy Secretary Chris Wright announced Saturday that the nation has achieved new peaks in domestic crude oil and natural gas extraction, affirming its position as the world’s leading energy producer. In a social media statement, Wright praised the American