Fortescue Metals Group Reports 23% Drop in Annual Profit
Fortescue Metals Group announces a 23% decline in annual profit due to project write-down, higher costs, and weaker iron-ore prices. Record shipments...
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Television Viewers Continue to Cut the Cord
Television viewers are increasingly opting for flexible and affordable alternatives to traditional TV services, leading to the changing landscape of t...
Realty Income Corp. to Invest $950 Million in Bellagio Las Vegas Stake Acquisition
Realty Income Corp. is investing $950 million to acquire a 22% stake in the Bellagio Las Vegas, raising its valuation to $5.1 billion. This investment...
Equinor Announces Start of Production at Statfjord Ost Project
Equinor has initiated production at the Statfjord Ost project, extending the life of mature fields and maximizing value creation. The project's profit...
Ericsson Renews Global Patent Cross-Licensing Agreement with Huawei
Ericsson and Huawei have renewed their global patent cross-licensing agreement, granting access to each other's patented technologies in network infra...
The Shifting Debate on Interest Rates in Jackson Hole
This article discusses the shifting focus of the annual Jackson Hole symposium from interest rates to ultraeasy money policies, and examines significa...
Mutual Funds Struggle to Beat Benchmarks Due to Underweight Megacap Tech Stocks
Mutual funds face challenges in outperforming benchmarks due to underweight megacap tech stocks. Only 30% of large-cap funds have beaten their benchma...
Export Sales of U.S. Soybeans Exceed Analyst Expectations
U.S. soybean export sales for 2022/23 and 2023/24 exceed expectations, while corn sales face cancellations. Mixed premarket trading on CBOT.
Oil futures attempt to rebound after three-day drop
Oil futures are rebounding after a three-day decline, driven by concerns about China's economic outlook, weakness in purchasing managers index reading...
Wuxi Biologics Exceeds Revenue Expectations in First Half of the Year
Wuxi Biologics experiences surge in shares after reporting impressive first-half revenue growth. Despite decline in net profit, company remains confid...
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