Starbucks Corporation (SBUX) announced the early results of its cash tender offers for multiple senior notes, amending the terms to increase its total purchasing capacity to $1.3B. To accommodate the high volume of participation, Starbucks exercised its right to amend and<
Standard Chartered strategists note that China’s April data showed weaker domestic demand, with both consumption and investment slowing even as exports supported industrial production. They highlight that reflation is being driven mainly by global commodity prices and that
The British Pound (GBP) is trading higher against the US Dollar (USD) on Monday, to pare losses from a four-day sell-off. The pair is trading above 1.3350 at the time of writing, after bouncing from six-week lows at 1.3302 earlier in the day, as rumours of ongoing peace ta
Rocket Lab reports $200.3 million in Q1 revenue, a 63.5% year-over-year increase, with a record $2.2 billion backlog. Rocket Lab (NASDAQ: RKLB) shares have climbed nearly 80% year to date, driven by strong financial performance. The company reported Q1 revenue of $200.3 mi
Owning a car is becoming more difficult as the rising costs of vehicles and insurance make ownership a luxury for more Americans, a new study finds. Nearly four in 10 Americans surveyed by Lending Tree, or 39%, said a car is a luxury they cannot afford And more car
The USD/IDR pair prolongs its recent well-established uptrend and advances to a fresh all-time peak, beyond the 17,700 mark, at the start of a new week. The Indonesian Rupiah (IDR) continues to underperform on the back of economic risks stemming from the ongoing conflict i
Brent crude rises to $110.50 and U.S. 10-year yields hit 15-month highs as drone attacks disrupt Gulf shipping lanes. Global stock markets fell Monday as escalating tensions in the Gulf sent oil prices and bond yields higher, reigniting inflation fears. Brent crude climbed
Nvidia’s median returns after earnings rise from 0.3% after one day to 87.6% over one year, data since 2016 shows. Nvidia’s stock performance after earnings has historically favored longer holding periods over short-term trades. Since 2016, the median gain has been just 0.
The yen weakened to 158.93 against the dollar, approaching levels that may trigger Japanese intervention amid Fed rate hike bets. The yen fell for a sixth straight session, pushing USD/JPY to 158.93 as the dollar strengthened on expectations of Federal Reserve rate hikes t
Global-e Online shares fall sharply in 2024 as cross-border e-commerce growth faces macroeconomic pressures despite strong client additions. Global-e Online (NASDAQ: GLBE) has declined 30% year-to-date, reflecting investor concerns over consumer-facing sectors despite its
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