The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk’s polarizing persona.
United Parcel Service will become the United States Postal Service’s (USPS) primary air cargo provider, the company said on Monday, as rival FedEx walked away after pressing for a better new contract with the U.S. agency.
Vienna-based fireproof materials maker RHI Magnesita plans to buy Resco Group, a U.S.-based producer of alumina and refractories for an enterprise value of up to $430 million, the companies said.
Turkish stocks rose on Monday and the lira weakened slightly after hitting its record low against the dollar after the political opposition logged a thumping victory over President Tayyip Erdogan’s AK Party (AKP) in local elections.
Russia’s benchmark stock index strengthened to its highest point since the day Russia sent its troops into Ukraine in February 2022 on Monday, while the rouble firmed slightly against the U.S. dollar.
Futures tracking Wall Street’s main stock indexes rose on Monday after the latest inflation print showed moderating consumer prices, bolstering hopes of an early interest rate cut by the Federal Reserve.
Discover Financial Services or Capital One Financial will pay a termination fee of $1.38 billion if the merger of the firms falls through under certain circumstances, a regulatory filing showed on Thursday.
China’s $18.6 trillion economy has skirted some near-term downside risks as suggested by recent indicators, analysts said, buying officials more time to convince investors they can fire up a new growth engine for 2024 and the years ahead.
The birth of spot bitcoin exchange-traded funds (ETFs) and the quest for new ways to invest in the artificial intelligence overshadowed other trends in the broader ETF market in the first quarter, but analysts say other themes like single-country ETFs and bond ETFs are likely to play out through 2024.
An investor scramble to lock in returns before the Federal Reserve cuts rates is expected to sustain a rally in the U.S. corporate bond market into the second quarter, with one strategist saying it may touch levels not seen in three decades.
