In early June, consumers became less pessimistic about the economy and potential inflation surges due to progress in the global trade war, according to a University of Michigan […]
Economy
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Inflation Effects of Tariffs Yet to Materialize
Economists predict that inflation from tariffs may still be on the horizon. In May, US producer prices rose modestly by 2.6%, indicating mild inflationary pressures. Although wholesale inflation […]
Uncategorized
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The World’s Largest Meatpacker Prepares for NYSE Debut
JBS, the world’s largest meatpacker, is set to debut on the NYSE. Shares are expected to start trading soon. This move aims to strengthen the company’s presence in […]
Economy
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UK GDP Data Shows Economic Struggles in April
Welcome to the Money Distilled newsletter, an award-winning publication. I’m John Stepek. Each weekday, I analyze major developments in markets and economics to clarify their impact on your […]
Economy
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Economic Expert: Issuing Sovereign Sukuk is a Smart Step to Reduce Debt Without Losing State Assets
Dr. Mohamed Abdel Wahab, an economic analyst and financial advisor, emphasized that the decision to transfer ownership of a piece of land to the Ministry of Finance for […]
Markets
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Most Arab Stock Markets Gain Led by Abu Dhabi and Egypt, Economic Rescue Plan and Interest Rate Cuts Boost Real Estate Appeal
In a notable development on Thursday, September 12, 2013, most Arab stock markets witnessed gains, led by Abu Dhabi and Egypt. The economic rescue plan, coupled with reductions […]
Economy
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U.S. Tax Bill Could Hinder Critical Minerals Projects
A U.S. tax and spending bill could challenge American critical minerals companies by eliminating a tax credit aimed at boosting domestic production of materials like nickel and rare […]
Uncategorized
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Nationwide Recall of Shrimp Due to Possible Listeria Contamination
The U.S. Food and Drug Administration (FDA) has issued a recall for approximately 44,550 pounds of cooked and peeled shrimp products due to possible contamination with Listeria monocytogenes. […]
Markets
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GameStop Announces Pricing of Upsized Private Offering of $2.25 Billion of Convertible Senior Notes
GameStop Corp. has announced the pricing of its upsized private offering of $2.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032. The offering is targeted […]
Technology
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Oracle Stock Reaches New Highs Amid Cloud Growth
Oracle Corporation’s stock surged to an all-time high following robust quarterly results and a positive sales outlook, driven by its cloud infrastructure segment. Analysts noted that the company […]