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Nov. 29, 2023 - Cigna and Humana are currently engaged in discussions about a potential merger, aiming to form a formidable force in the health-insurance sector. (Photo: Michael Nagle | Bloomberg)

3 min read

Investing & Markets U.S.

Healthcare giants Cigna and Humana in talks for mega merger

Post Date 11/29/2023

In a bold move that could reshape the landscape of the health-insurance industry, Cigna and Humana are currently engaged in talks for a potential merger. [more…]

Billionaire and longtime associate of Warren Buffett, Charlie Munger, has passed away at the age of 99. (Photo: Conor Neil)

3 min read

Investing & Markets U.S.

Investing legend Charlie Munger, predecessor to Warren Buffett at Berkshire Hathaway, dead at 99

Post Date 11/28/2023

In the wake of Charlie Munger’s passing, the financial world mourned the loss of a titan whose legacy was deeply intertwined with the success of [more…]

In the week ending Nov. 17, commercial crude-oil stockpiles, excluding the Strategic Petroleum Reserve, increased by 8.7 million barrels to 448.1 million barrels, remaining 1% below the five-year average for this time of year, as reported by the EIA. (Photo: Getty Images)

3 min read

Investing & Markets U.S.

Surprise surge in U.S. crude oil and gasoline inventories

Post Date 11/22/2023

In an unexpected turn of events, U.S. crude oil and gasoline inventories experienced a notable increase last week, defying predictions and sending shockwaves through the [more…]

Nov. 15, 2023 - Target exceeded earnings and revenue expectations for the fiscal third quarter, yet the retail giant acknowledges ongoing challenges with subdued discretionary spending. (Photo: Joe Raedle | Getty Images)

3 min read

Investing & Markets U.S.

Target bucks retail trends, beats expectations despite sales slump

Post Date 11/15/2023

In a surprising turn of events, Target managed to surpass Wall Street’s sales expectations and exceeded earnings estimates for the third quarter, sending its shares [more…]

Nov. 14, 2023 - Fisker's third-quarter results, released on Monday, fell below Wall Street's expectations with revenue at $71.8 million and a net loss of $91 million (27 cents per share). (Photo: Kyle Grillot | Bloomberg)

3 min read

Investing & Markets U.S.

Fisker faces storm as financial woes unveiled

Post Date 11/14/2023

In a startling turn of events, electric vehicle startup Fisker is grappling with a significant decline in premarket trading following a disappointing earnings report and [more…]

South Korea removed from U.S. Treasury Department's list of trading partners under monitoring for unfair currency practices. (Photo: Wikipedia)

4 min read

Investing & Markets South Korea U.S.

South Korea no longer on U.S. Treasury’s watchlist for currency practices

Post Date 11/08/2023

In a recent announcement by the US Treasury Department, South Korea has been removed from its list of trading partners closely monitored for unfair foreign [more…]

Peloton, the fitness company, recognized for its high-end Bike and Bike+ offerings, faces difficulties in persuading new users to subscribe to its premium services. (Photo: AP)

4 min read

Investing & Markets U.S.

Peloton’s struggle to regain momentum in a challenging landscape

Post Date 11/02/2023

Peloton, the renowned connected fitness company, is facing an uphill battle as it strives to regain its pandemic-era glory. Despite a series of strategic moves, [more…]

Oct. 31, 2023 - U.S. export restrictions to China on AI chips hit Nvidia. (Photo: Nvidia Newsroom)

3 min read

China Investing & Markets U.S.

Nvidia may cancel its $5 billion chip order heading to Chinese technology firms next year

Post Date 10/31/2023

In a shocking turn of events, Nvidia Corp (NVDA.O) found itself at the center of a storm as its shares plunged by approximately 5%, reaching [more…]

October 30, 2023 - McDonald’s Q3 earnings exceed wall street expectations with 8.8% same-store sales growth. (Photo: Barry Brecheisen)

2 min read

Investing & Markets U.S.

McDonald’s surpasses expectations with strong quarterly earnings

Post Date 10/30/2023

Fast-food giant McDonald’s surprised investors and analysts on Monday by reporting quarterly earnings and revenue that exceeded their expectations. The impressive results were attributed to [more…]

Both Hasbro and Mattel are anticipating challenges in the upcoming critical fourth quarter as consumer spending slows due to inflation, potentially impacting their signature toys and games. (Photo: Reuters)

3 min read

Investing & Markets U.S.

Toy giants brace for a challenging holiday season

Post Date 10/26/2023

Shares of toy-making giants Hasbro and Mattel took a nosedive on Thursday as both companies indicated that sales might slow down in the critical fourth [more…]