Bristol Myers Squibb recently reported second-quarter earnings and revenue that surpassed expectations, showcasing a significant financial success for the pharmaceutical giant. The company raised its full-year revenue forecast to an increase in the “upper end” of the low single-digit range, indicating a positive trajectory in terms of financial growth. Additionally, the adjusted earnings guidance for
As markets continue to react swiftly to economic data and geopolitical events, the foreign exchange markets have been experiencing significant fluctuations. The recent performance of major currencies such as the US dollar, euro, and Japanese yen has been influenced by a variety of factors, including inflation data, central bank decisions, and market sentiment. It is
The Asian currency market has been experiencing significant volatility and speculation in recent times. Chinese yuan, in particular, has been at the center of wild swings due to suspected intervention by the People’s Bank. The uncertainty surrounding the currency has led to cautious trading behavior among investors, with many opting for safe-haven assets like the
Despite facing a wave of selling pressure in global financial markets, Bitcoin managed to rise by 4.2% in the past 24 hours, reaching $67,006.2. This recovery came after hitting lows of around $63,000 earlier in the week. The highly speculative nature of the crypto sector made it particularly vulnerable to the risk-off trend that dominated
Living in a major city in Asia can be quite expensive, especially when it comes to monthly rent. According to data from Numbeo, the cost of renting an apartment in Shanghai’s city-center can reach approximately $2,700. This high cost of housing is just one aspect of the overall expensive lifestyle in major Asian cities. Hong
The Financial Data Transparency Act (FDTA) signed into law on Dec. 23, 2022, has brought about significant implications for the municipal securities market. With the requirement for converting municipal securities disclosures into a machine-readable format, market participants have been struggling to adapt to the new data standards proposed by federal agencies like the Federal Deposit
A new chapter has unfolded in the municipal bond market as two seasoned experts have departed from Preston Hollow Community Capital to establish their own venture, V2 Municipal Capital. This independent firm, led by Charlie Visconsi and Ron Van Den Handel, is set to collaborate with New York-based alternative asset manager Fundamental Advisors. The primary
The recent performance of major U.S. automotive stocks has been less than stellar, with Ford Motor leading the decline this week. This downward trend has been primarily fueled by disappointing results and growing investor skepticism surrounding the future performance of these companies. Ford’s shares plummeted by more than 17% in early trading on Thursday, marking
Lamb Weston, a supplier of frozen potato and vegetable products, faced a significant setback as their stock plummeted following disappointing quarterly results. The company reported a drastic decline in fully diluted earnings per share, which fell more than 70% from the previous year. Additionally, their outlook for the upcoming fiscal year missed the mark, causing
As Vice President Kamala Harris emerges as a frontrunner for the Democratic presidential nomination, her dedication to affordable housing policies is increasingly under the spotlight. Throughout her career, Harris has been a vocal advocate for ensuring that every American has access to affordable housing options. From her time as attorney general for California to her