Category: Business
Can Treasury control US bond yields? Why Bessent’s buyback move may only offer temporary relief
US Treasury Secretary Scott Bessent has taken a new step to bring down long-term US government bond yields. The Treasury said it will at least…
Moderna stock drops 12% after 177% surge: Here’s what Wall Street says about MRNA
Moderna shares fell about 12% in pre-market trading on Thursday, one day after the stock jumped 177%. The drop came even after Moderna and Merck…
Telecom inflation, chargers and the number 45, and Small Talk ASL app
Opening thoughts. Josh Staub, a veteran Disney animator known for his visual effects and lighting work on films like Frozen, Tangled, and Wreck-It Ralph, has…
US Treasury doubles debt buybacks to support bond market as yields surge: What it means
The US Treasury Department said on Wednesday that it will more than double the size of its government debt buybacks. The move comes as the…
CBI files FIR against Gensol, BluSmart co-founders for diverting IREDA loan funds
The Central Bureau of Investigation (CBI) has registered a case against Gensol Engineering Ltd (GEL) and its promoters – Anmol Singh Jaggi and Puneet Singh…
Why is Marvell stock surging? Google’s $12.2 billion AI chip deal explained
Marvell Technology is getting a major boost from Google’s growing AI chip business. The chipmaker will help Google develop its custom AI chips, while Google…
Why is SK Hynix buying back $28.61 billion in shares amid the AI boom?
SK Hynix said on Wednesday that it will buy back and cancel treasury shares worth 40 trillion won, or $28.61 billion. The South Korean chipmaker…
Why are the Magnificent Seven, including Nvidia and Tesla, losing their Wall Street grip?
The group known as the Magnificent Seven was once the biggest force on Wall Street. The group includes Nvidia, Apple, Amazon, Alphabet, Microsoft, Meta and…
Global Government Bond Yields Stabilize Ahead of Fed Minutes
Global government bonds stabilized on Wednesday, taking a breather from Tuesday’s steep selloff ahead of the release of the Federal Reserve’s minutes from July’s meeting….
The Key to Pharma M&A: Never Shopping Hungry
Everyone who has walked into a grocery store hungry knows how quickly discipline can evaporate. Everything looks like an immediate necessity. AstraZeneca shares plunged after…