Markets reacted to hawkish Fed signals, pushing the U.S. dollar and short-term Treasury yields higher while equities retreated modestly. Markets interpreted Federal Reserve communications as more hawkish than anticipated during the press conference, driving a broad-based r
The conflict has produced a patchwork of lawsuits, cease-and-desist orders and proposed legislation. Nevada became the first state to temporarily block Kalshi's operations earlier this year, while Arizona accused the company of operating an illegal gambling business by off
Congressional resolution urges against clemency for the 25-year sentenced ex-CEO amid FTX collapse fallout. A bipartisan group of US lawmakers introduced a resolution opposing a presidential pardon for Sam Bankman-Fried, convicted of fraud tied to FTX’s $8 billion collapse
Consumers are turning to credit cards, their tax refunds and scrounging for coins under the couch cushions, but they still hit the stores and spent online last month even as high prices at the gas pump took their toll. IRL spending at apparel and accessories specialty stor
Venture Global, Inc. (NYSE:VG) ranks among the undervalued infrastructure stocks to buy now. With geopolitical tensions reshaping global energy flows, Venture Global is finding itself in the middle of a trade that the market may not yet fully appreciate On June 4, 2
A federal judge ruled Meng Wanzhou's 2021 admissions on Huawei's Iran sanctions violations can be used against the company in its upcoming trial. A U.S. federal judge ruled that Huawei Chief Financial Officer Meng Wanzhou's 2021 admissions regarding the company's illegal b
Jay Clayton's confirmation hearing for Director of National Intelligence proceeds as scheduled, following Trump's nomination for the key post. The U.S. Senate will move forward with Jay Clayton’s confirmation hearing for Director of National Intelligence on Wednesday, as c
G7 leaders support Iran deal after $200M of bombs dropped The Iran deal has been met with enthusiasm from G7 leaders. The agreement was reached after a brutal last night, with $200M of bombs being dropped. The deal's impact on the global economy is still being asses
The automaker cut its operating margin target to 1%-3% and warned of a sharp drop in pre-tax profits from €10.2 billion last year. BMW issued a sharp profit warning, reducing its core automotive operating margin target to 1%-3% from 4%-6%. The company cited China’s economi
WESCO International Inc. (NYSE:WCC) is one of the 10 best industrial distribution stocks to invest in according to hedge funds. The company's acquisitive strategy leads to an optimistic narrative around the stock performance On June 9, Wesco International Inc. (NYSE
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