Major Stocks Slide as Megacap Companies Relinquish Prior Advances U.S. stocks closed in the red on Monday, putting a halt to last week’s upward trend, as investors exercised caution ahead of crucial employment data scheduled for release this week. The outcome of...
Oil Prices Stable as Rate Cut Speculations and Middle East Risks Persist Oil prices stabilized in Asian trade on Monday after six consecutive weeks of losses, as there was growing optimism about early monetary easing in 2024. However, concerns over Middle...
Banking on Change: TD Bank’s Fiscal Tightrope Walk In a move resembling financial pruning, TD Bank Group has set its sights on a slimmer workforce, aiming for a trim of approximately 3,100 jobs, a haircut of about 3%. This strategic snip comes in tandem with an...
Microsoft Takes Non-Voting, Observer Role on OpenAI Board as Altman Assumes Leadership Microsoft is set to assume a non-voting, observer role on OpenAI’s board, as stated by CEO Sam Altman in his first official communication after re-assuming leadership on...
U.S. Stocks Edge Up Amid Fed Signals, Holiday Optimism, and Mixed Market Moves On Tuesday, the U.S. stock market saw modest gains amid mixed signals from Federal Reserve officials, ultimately closing the session positively. Despite a loss of momentum as the day...
Oil Prices Rally in Asian Trade Amidst OPEC+ Production Cut Speculations and Economic Report Anticipation Oil prices surged in Asian trade on Tuesday amidst reports hinting at an extension or potential deepening of the ongoing production cuts by OPEC+ during their...
