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Stocks
Oil prices set for fourth weekly drop amid demand growth concerns in US and China
As fresh economic worries in China and the United States weighed on demand growth in the short term, the oil prices fell on May 12, aiming for a fourth consecutive weekly loss. This could lead to increased volatility in the oil markets.…
PacWest leads downturn for US regional banks after Fed’s lending survey
PacWest, a lender based in Los Angeles, was trading over 7% lower, while Western Alliance was about 5% lower.
The day after the Fed's most recent loan survey, US regional banks continued to lose ground on Tuesday, with Western Alliance…
Beer suppliers brace for impact of Bud Light backlash
After a contentious advertising campaign, Bud Light sales are drastically down, which might have an adverse effect on the entire supply chain for the brewer.
According to a recent article published by Beer Business Daily, the volume of…
Governor Ron DeSantis opposes nonexistent federal cryptocurrency
Ron DeSantis, the governor of Florida, has charged the Fed with enforcing an ESG agenda through the use of a digital currency.
But, the scenario outlined by these contenders has little in common with the central bank's cautious…
Tupperware’s going-concern warning raises concerns among shareholders
Only three years after the retro brand had a surprise boost in popularity as a result of thousands of pandemic shut-ins trying their hand at cooking, Tupperware has issued a warning that the company may go out of business.
In a press…
Levi’s reports record profit margin drop due to promotions, stock falls sharply
Shares of Levi's (Levi Strauss & Co.) dropped to their lowest level ever after expanded promotions caused the first-quarter gross margin to fall short of forecasts.
In the three months that ended on February 26, the retailer reported…
Apple sales drop last year despite release of latest models
Given recent production issues in China, analysts have tempered their expectations for Apple AAPL +3.16%'s financial results. However, other crosscurrents make the report a little hard to call.
The most important issue Apple must address…
Coinbase Accuses Apple of Blocking NFT Transfers from Its iOS Wallet
Apple is allegedly responsible for pressuring Coinbase to remove NFT transfers from its iOS Wallet app.
Apple wanted the blockchain fees connected with an NFT transfer to go through its in-app purchase mechanism, giving it a 30 percent…