U.S. ► - Page 8

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

4 min read

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…]

Oct. 24, 2023 - General Motors is revising its self-imposed electric vehicle production target for the middle of next year due to a decline in consumer demand. (Photo: GM)

4 min read

Investing & Markets U.S.

General Motors shifts electric vehicle production goals amid consumer demand softening

Post Date 10/24/2023

General Motors (GM), once at the forefront of the electric vehicle (EV) industry, has made a surprising announcement: it is abandoning its self-imposed target for [more…]

Crypto set for a strong week as Bitcoin approaches $30,000 driven by ETF enthusiasm and safe-haven appeal. (Photo: Galicia)

2 min read

Investing & Markets U.S.

Crypto on track for weekly win as Bitcoin nears $30,000 amid ETF hopes

Post Date 10/20/2023

Bitcoin extended its weekly gains, briefly surpassing $30,000 as optimism about the approval of a spot Bitcoin ETF grew, alongside concerns both in the U.S. [more…]

(Oct. 19, 2023) On Thursday, American Airlines reported a third-quarter deficit and reduced its annual profit projection. (Photo: Jenny Kane | AP)

2 min read

Investing & Markets U.S.

American Airlines reports Q3 loss and adjusts downward 2023 profit projection

Post Date 10/19/2023

American Airlines reported a third-quarter loss and adjusted its 2023 profit outlook due to the impact of rising fuel prices. The airline now anticipates earning [more…]

Retail sales rose 0.7% on September, well above the 0.3% Dow Jones estimate, according to the advance report the Commerce Department released Tuesday. (Photo: Verifone)

2 min read

Investing & Markets U.S.

Retail Sales in September surged 0.7%, exceeding estimates by a wide margin

Post Date 10/17/2023

Despite concerns about high interest rates and a weakening economy, consumers displayed remarkable resilience in September, propelling retail sales well above expectations. According to the [more…]

Oct. 11, 2023 - Wholesale inflation rose 0.5% in September. (Photo: Getty Images)

2 min read

Investing & Markets U.S.

September saw a greater-than-anticipated increase in wholesale inflation, with a rise of 0.5%

Post Date 10/11/2023

In September, the producer price index (PPI) in the U.S. exceeded expectations, rising by 0.5%, indicating continued inflationary pressures. This increase was primarily driven by [more…]