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Friday, December 27, 2024

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HP Inc. Profit Drops in Q3, Disappoints Market Expectations

PALO ALTO (FFN) - The profit of American personal computer (PC) and printer manufacturer HP Inc. declined in the third quarter of the current...

U.S. Economy Grew by 3% in Q2

WASHINGTON (FFN) - The U.S. economy expanded more sharply in the second quarter than initially expected, according to a report from AP. The Gross Domestic...

U.S. Consumer Confidence Improves Slightly in August, Labor Market Concerns Persist

WASHINGTON (FFN) - Consumer confidence in the U.S. saw a slight improvement in August, though concerns about the future of the labor market also...

Intel Board Member Resigns Amid Tensions Over Revival Strategy

SAN FRANCISCO (FFN) - Intel, the U.S. tech giant, has been rocked by the sudden resignation of high-profile board member Lip-Bu Tan, a semiconductor...

U.S. Treasury Yields Continue to Decline as Fed Signals Rate Cuts

Yields on U.S. Treasury bonds drop as markets anticipate a shift in monetary policy following signals from the Federal Reserve. Fed Chair Jerome Powell’s comments...

Current Interest Rates Are Too High for the U.S. Economy

Monetary policy in the U.S. is described as "quite strict" by the Chicago Fed President Austan Goolsbee and may be adjusted in the near...

Durable Goods Orders in the U.S. Surge by 9.9% in July

Durable goods orders in the U.S. rose by 9.9% in July, far exceeding expectations. A significant increase in transportation equipment orders was the main driver...

Surge in New Home Sales in the U.S. Reaches Highest Level in Over a Year

New home sales in the U.S. increased by 10.6% in July to 739,000 units. Year-over-year, new home sales rose by 5.6%. June figures were revised upward...

Amazon Must Answer Antitrust Allegations as D.C. Court Overturns Dismissal

NY, August 22, 2024 (FFN) - In a significant legal development, the District of Columbia Court of Appeals has revived the antitrust lawsuit against...

Paramount Takeover Battle: Bronfman Raises Bid to $6 Billion

Edgar Bronfman increases his bid for Paramount Global to $6 billion. The offer directly challenges David Ellison's Skydance Media proposal. Paramount shares rise by over 2.4%...

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