Microsoft, a key player in the market rally and AI race, is set to release its latest quarterly report after the bell on Thursday. With shares up nearly 5% year to date but down more than 7% in April, investors are closely watching to see if the tech giant can reignite the rally. However, the
Brightline, a privately owned passenger train service in Florida, recently made headlines with its bond issue in the tax-exempt market. The company offered over $3.1 billion of low-investment grade and unrated bonds, some of which had yields as high as 12%. Despite the risky nature of these bonds, there was strong demand for all of
Google parent company Alphabet is scheduled to release its earnings report after the market closes on Thursday, adding to the lineup of Big Tech companies reporting this week. Shares of the tech giant have seen a significant increase, up by 13.9% in the current year and a staggering 50% over the past 12 months. Investors
Honda Motor, along with a group of joint venture partners, has recently announced plans to invest a staggering $11 billion in Ontario, Canada. This investment is aimed at creating a “comprehensive EV value chain” in the region. The new North American electric vehicle epicenter will feature new assembly and battery plants, as well as other
The city of Quincy, Massachusetts, has taken a groundbreaking step by issuing $10 million in tax-exempt bonds utilizing blockchain technology. This move, in partnership with J.P. Morgan, marks a significant development in the municipal bond market and signals the potential for a transformative shift in the way bonds are issued and traded. In a first-of-its-kind
The U.S. dollar has seen a slight decline in value, stepping back from the five-month highs it achieved last week. The Dollar Index, which tracks the dollar against other major currencies, has decreased by 0.2% to 105.445 as of 04:10 ET (09:10 GMT). This decrease comes ahead of the release of key U.S. growth data,
Meta Platforms, the parent company of Facebook, encountered a significant drop of more than 14% in its stock price after issuing weak second-quarter revenue guidance. However, the company managed to surpass analysts’ estimates with its first-quarter earnings and revenue. Honeywell, an industrial stock, experienced a 2.2% rise in premarket trading following the announcement of earnings
In the ever-evolving world of decentralized finance (DeFi), accessibility has always been a major pain point for users looking to enter the crypto space. Traditional onramps from fiat to crypto have posed significant challenges, hindering the widespread adoption of DeFi technologies. However, recent developments by Velocity Labs in collaboration with Ramp Network signify a monumental
As the Bank of Japan (BOJ) commenced its two-day rate-setting meeting, the yen found itself on the weaker side of 155 per dollar, sparking nervousness among traders about the possibility of Tokyo intervening while policy deliberations were still ongoing. The dollar broke above the 155 yen level, reaching a 34-year high of 155.74 yen on
Walgreens recently announced a significant expansion of its specialty pharmacy services by launching a new business unit dedicated to bringing cell and gene therapies directly to U.S. patients. This move comes as chronic diseases continue to rise, necessitating specialized medications that require careful handling and distribution. Impact of Specialty Pharmacies Specialty pharmacies have become a