Today: 5. Jul, 2024
In a surprising turn of events, Macy’s, a cornerstone of American retail, has become the center of Wall Street’s attention. The iconic retailer saw its shares leap by 15% following the news of a staggering $5.8 billion buyout offer. This offer, extended…
John Allan, Tesco’s chairman, is set to resign in the face of controversy surrounding his behaviour. Allan, who formerly led the CBI business lobby group, has categorically refuted three out of four allegations levelled against him. Board member Byron Grote, Allan’s interim…
Thursday saw a slight uplift in U.S. stocks as numerous companies reported better-than-anticipated profits, while yields rose in response to a Federal Reserve official’s comments suggesting the termination of interest-rate hikes might not be as imminent as Wall Street anticipated. The S&P…
