The stock market is dominated by just a handful of companies. The Biden administration is worried
Just seven stocks -- Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms -- make up close to $11 trillion in market value and contributed about 75% of returns of the S&P 500 in the first half of 2023, according to a recent Bank of America report.
2023-07-25 19:57
3M Raises Outlook, Tops Estimates as Cost Cuts Gain Traction
3M Co.’s profit topped Wall Street estimates in the second quarter, driving a rise in the annual outlook,
2023-07-25 19:26
UPS and Teamsters to restart talks in effort to avoid strike
LOS ANGELES United Parcel Service (UPS) and the Teamsters union representing 340,000 employees at the package delivery firm
2023-07-25 18:19
Binance to Scale Up Services on New Japan Platform in August
Binance will roll out full services on its new platform for Japan in August, the crypto exchange’s founder
2023-07-25 17:25
Asbestos, Bailouts and a Half-Built Mall Show UK Crisis in Cheap Rentals
About 40 minutes from the City of London financial district, a sign in the town of Laindon once
2023-07-25 16:48
ECB Hiking Sends Corporate Loan Demand Down by Most on Record
Demand for loans among companies in the euro zone plunged by the most on record in the second
2023-07-25 16:16
Bank Indonesia Keeps Rate on Hold to Bolster Rupiah
Bank Indonesia kept its benchmark interest rate unchanged at a four-year high to support the local currency from
2023-07-25 15:59
Israel in ‘Twilight Zone’ as Investors Fret Over Judicial Law
Investors and lawyers in Israel are weighing up their next steps as they fret over parliament passing a
2023-07-25 15:56
Akzo Nobel’s Outlook Improves on Cost Cuts, Lower Expenses
Akzo Nobel NV lifted expectations for the year after the paintmaker cut costs with raw material prices set
2023-07-25 15:56
US Security Officials Reviewing Mubadala Fortress Deal, FT Says
The Committee on Foreign Investment in the US is reviewing Mubadala Investment Co.’s planned takeover of Fortress Investment
2023-07-25 15:47
Norway Industrial Confidence Hits Weakest Level Since Pandemic
Norway’s industrial sentiment worsened last quarter to its lowest level since the pandemic, in a sign that manufacturers
2023-07-25 15:20
TotalEnergies Takes Control of Renewables Firm for $1.66 Billion
TotalEnergies SE agreed to buy the remaining shares in French clean-power developer Total Eren for €1.5 billion ($1.66
2023-07-25 15:17