News
Robinson Expects Marginal Increase in Adjusted Operating Profit for 2023
Robinson expects its adjusted operating profit for 2023 to be marginally ahead of the previous year, in line with expectations. Despite a pretax loss in the fir...
Sinclair Broadcast Group Accused of Draining $1.5 Billion from Regional-Sports-Network Subsidiary
Sinclair Broadcast Group is facing a lawsuit alleging it drained $1.5 billion from its sports network, leading to bankruptcy. The lawsuit claims Sinclair used a...
Battle for Semiconductor Leadership: China's Power Move Sparks Concern
Intel's cancellation of the Tower Semiconductor acquisition reflects China's drive to dominate the chip war. American policymakers must take action to protect t...
The Future of U.S. Steel's Ticker Symbol
U.S. Steel's iconic ticker symbol X may change ownership as multiple bids are considered. Elon Musk's interest adds intrigue to the story of single-letter ticke...
Nvidia Gains Optimism from Wall Street Ahead of Earnings Report
Nvidia is receiving price-target upgrades ahead of its earnings report, driven by strong chip demand and automotive partnerships. Analysts anticipate continued...
Intel Abandons $5.4 Billion Acquisition of Tower Semiconductor
Intel cancels its planned $5.4 billion acquisition of Tower Semiconductor, resulting in financial repercussions and impacting its chip-manufacturing strategy. C...
Biden Administration Takes Action Against Consumer-Data Abuses
The Biden administration is taking action against consumer-data abuses by implementing stronger privacy protections and regulating data brokers.
Builder Confidence Plummets in August
Builder confidence in the housing market took a hit in August, raising concerns for the new-home construction sector. Rising mortgage rates, low supply, and inc...
US Crude-Oil Stockpiles Expected to Decrease
US crude-oil stockpiles are expected to decrease, as analysts forecast a decline in gasoline inventories and diesel fuel stocks. Refinery use is expected to cli...
The Stock Market's Doubts on China's Stimulus
Shares in Alibaba are declining as the stock market lacks confidence in China's stimulus efforts, despite the central bank's attempts to support the economy. In...