Intuit to Appeal FTC Ruling in TurboTax Case
A recent ruling by an administrative judge at the Federal Trade Commission (FTC) has dealt a blow to Intuit Inc., the maker of TurboTax. The company, however, has stated that…
The Disney-Spectrum Feud: A Sign of Cable’s Vulnerability
The media industry is facing yet another disruption this summer, as a carriage dispute between Walt Disney Co. and Charter Communications Inc. intensifies. This conflict has caused ESPN to go…
The Truth Behind the U.S. Unemployment Rate
The U.S. unemployment rate reached an 18-month high of 3.8% in August, leaving many wondering if this indicates a struggling economy and a surge in layoffs. However, a closer look…
Metal Theft Causes Aurubis Shares to Plummet
To address the situation, Aurubis has initiated internal and external investigations and implemented measures to enhance its security concept. A comprehensive inventory of metal reserves is currently underway and is…
Impact of Hurricane Idalia on CSX Rail Service
While Hurricane Idalia continues to make its way through the southeastern U.S., CSX, the railroad shipper, has cautioned its customers about the possible disruption in service in the region. Some…
Oil Prices Inch Higher as Supplies Remain Tight
Oil futures showed a slight upward trend early on Thursday, as market participants hoped to salvage a monthly gain for crude amid signs of tight supplies, providing support to the…
Alibaba and Chinese Stocks Face Economic Challenges
The ongoing economic challenges in China have taken a toll on Alibaba and other Chinese stocks. However, amidst the gloom, there is a glimmer of hope. The latest release of…
Lessons from the Volatility of VinFast Stock
Watching the trading of Vietnamese EV start-up VinFast Auto is a fascinating experience, providing valuable lessons in the stock market. From the moment the company merged with a special-purpose acquisition…
Okta Inc. Boosts Earnings Outlook Following Strong Performance
Okta Inc., a leading identity-management software company, has significantly raised its annual earnings outlook, exceeding expectations. Despite earlier concerns about weak business spending, the company's worst-case scenario did not materialize,…
3M Co. Downgraded by S&P Global Ratings
Shares of 3M Co. (MMM) dropped 1.5% in morning trading on Wednesday, making it one of the top decliners in the Dow Jones Industrial Average (DJIA). This comes after S&P…
Pfizer and BioNTech Receive Regulatory Approval for Updated Covid-19 Vaccine Targeting Omicron Variant
Pfizer and BioNTech have received important regulatory approval from the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) for their updated version of the Comirnaty Covid-19 vaccine.…
FDA Rejects Outlook Therapeutics’ Proposed Treatment for Wet AMD
Outlook Therapeutics faced a major setback on Wednesday as the U.S. Food and Drug Administration (FDA) rejected its proposed treatment for wet age-related macular degeneration (AMD). The biopharmaceutical company's shares…
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