Week in Review Only a few markets managed gains for the week: Indonesia, the Philippines, Hong Kong, and Mainland China. Meanwhile, Japan, Taiwan, South Korea, India, and Singapore were all lower on hawkish Central Bank speech and a jump in the US dollar. There were multiple diplomatic overtures between the…

FedEx earned more than expected and raised its fiscal-year financial forecasts in a set of results that were boosting the stock. Industry events such as labor negotiations at United Parcel Service (ticker: UPS) and the bankruptcy of Yellow impacted results positively, but FedEx (FDX) also did what it could to…

The global risk of housing bubbles has decreased sharply in 2023. A report released Wednesday by Swiss bank UBS concludes that out of 25 cities surveyed, only two were at risk of a housing bubble this year, down from nine each in the previous two reports. The data shows that…

General Motors idled its Fairfax assembly plant in Kansas as the effects of the United Auto Workers strike widened. The UAW struck just three assembly plants on Sept. 15—one each at GM, Ford Motor, and Stellantis —but the Fairfax shutdown underscores how complex and interconnected auto makers are. GM laid…

Key News Powell’s “higher for longer” press conference indicating one more rate hike in 2023 pounded Asian equities overnight, sending the US dollar higher. The Asia Dollar Index is close to both its 1-year and all-time low over the last 17 years as the US 10-year Treasury yield closes in…

More than 50 countries in the world are paying more in debt service than on health care, the Bill & Melinda Gates Foundation CEO Mark Suzman said during a discussion at its annual “Goalkeepers” conference in New York on Wednesday that was largely focused on improving the maternal and newborn…

“If it’s not one thing, it’s another.” These are words of the Saturday Night Live character, Roseanne Roseannadanna played by the late Gilda Radner. They truly exemplify what’s happening in the municipal bond market. Certainly, the pitfalls are few in Muniland, hence the low default rate, but the outliers and…

Former Facebook Chief Security Officer Alex Stamos, who experienced firsthand the torrent of misleading content on social media during the 2016 presidential election, fears something far worse in the 2024 election: The creation of vast troves of fake content, including videos, created via generative artificial intelligence. “My fear is it…

These companies were broadly held by investors as of the 2nd quarter Summary The cost of owning a pet has risen along with the percentage of pet ownership in the U.S. Zoetis ZTS , IDEXX, Chewy CHWY , Elanco and Freshpet FRPT are among the most popular pet care stocks.…

Shares of Enovix Corp. ENVX rose more than 1% in the extended session Wednesday after the battery maker said it has agreed to buy privately held Korean battery maker Routejade in a cash and stock deal. Enovix will pay $16.5 million in cash and about 6.2 million of its shares…