Washington Trust to Pay $9 Million to Settle Discrimination Allegations
Washington Trust, the oldest community bank in the US, will pay $9 million to settle allegations of lending discrimination against minority residents in Rhode Island. The settlement includes investment in a loan subsidy fund and community p...
Lessons from Goldman Sachs' Departing Commodities Head
Goldman Sachs' commodities research team reflects on their tenure and shares key insights, including the impact of investment cycles on oil prices and the influence of cartels. They also highlight the importance of monitoring top industry p...
Weekly Energy Department Data to Show Declines in U.S. Crude-Oil and Fuel Inventories
Upcoming Energy Department data is expected to show decreases in U.S. crude-oil and fuel inventories, according to a survey conducted by The Wall Street Journal.
Costco Wholesale Set to Report Fiscal Fourth-Quarter Results
Costco is set to release its fiscal fourth-quarter results, with analysts expecting growth in net income and sales. The back-to-school season and discretionary spending will be key areas to watch.
Canadian Wholesale Trade Shows Strong Growth in August
Canadian wholesale trade shows strong growth in August, with notable increases in sales of machinery, equipment, supplies, and miscellaneous goods. Sales of farm products, personal and household goods, motor vehicles and parts, and building...
Stock Market Bounces Back Despite Surging Treasury Yields
Despite rising Treasury yields, the stock market saw gains as investors remain optimistic. The Dow Jones Industrial Average rose 0.1%, reaching a close near 34,006. However, the increase in bond yields may result in higher borrowing costs a...
BridgeBio Pharma Inc. Announces $250 Million PIPE Equity Offering
BridgeBio Pharma Inc. experiences 3.8% surge in stock price after announcing $250 million PIPE equity offering. The offering aims to attract new long-term shareholders and support the company's growth.
Persisting Bear Steepening Trend
The bear-steepening trend continues as long-term interest rates rise faster than short-term securities. Yields on Treasury bonds increase, highlighting economic indicators and analyst insights.
Amazon to Introduce Limited Advertisements on Prime Video
Amazon announces the introduction of limited advertisements on Prime Video in 2024 to support content investments and ensure growth. Ads will be introduced in select countries, while live content will continue to include advertising.
Stock Struggles Continue for Advance Auto
Advance Auto stock has faced significant challenges, but Director Eugene I. Lee shows confidence by investing in the company.