Articles

Oil futures give back chunk of Monday bounce after disappointing China data

Oil futures fell Tuesday, with concerns about demand from China back in focus after another round of lackluster economic data.

Here are the lessons from every stock-market correction since 1973, according to Goldman Sachs

A team of Goldman Sachs strategists studied every market downturn, and came up with these lessons.

Top miners set to suffer from global industrial slump, Deutsche Bank says

A slowdown in industrial activity in China, the U.S. and Europe is set to push down the prices of copper, nickel and iron ore, and see the world’s top metals producers suffer

Musk’s SpaceX launches historic Polaris Dawn for first commercial space walk

Elon Musk’s SpaceX completed the first launch of the private Polaris Program early Tuesday carrying four astronauts who will undertake the first commercial spacewalk.

‘I fear that our democracy could be undermined by nefarious agents’: Is it unethical — or selfless — to anonymously donate to a political party?

“I’m obsessed over how much money the respective political parties, the Democrats and the Republicans, are generating in donations.”

Ten-year Treasury yields nudge up from 15-month lows as traders eye inflation report

Bond yields rose as investors awaited the next important macroeconomic data-point, the August consumer price index report, due midweek.

AngloGold Ashanti strikes $2.5 billion deal to buy Egyptian gold miner Centamin

The Denver, Colorado headquartered mining giant said it had reached a deal to acquire Egypt’s largest gold miner for $2.5 billion, in what marks a 36.7% premium on its closing share price on Monday

Apple owes €13 billion in back taxes as long-running dispute ends

The European Court of Justice on Tuesday ruled that Apple owed €13 billion ($14.3 billion) in back taxes over what it said was illegal state aid from Ireland.

Mission Produce stock jumps 16% as avocado producer’s revenue surges

Shares of Mission Produce gained after the company posted higher revenue and profit in its fiscal third quarter.

Hewlett Packard Enterprise shares fall after $1.35 billion stock offering

Shares of Hewlett Packard Enterprise dropped in postmarket trading after the company said it has commenced a public offering of $1.35 billion of Series C mandatory company convertible preferred stock.

Under Armour calls for bigger losses ahead on higher restructuring charges

Shares of Under Armour Inc. dropped in the extended session Monday after the retailer said it expects a bigger operating loss in fiscal 2025 thanks to increased restructuring costs.

Apple investors get a raw deal with iPhone 16 —  but customers get a bargain

Wall Street’s much-hoped-for price hikes on Apple Inc.’s new iPhone 16 line did not materialize at its launch Monday, but Chief Executive Tim Cook clearly hopes to drive more volume by not raising prices.
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