USNewsper Business

Investors are responding positively to the recent nomination of Scott Bessent as the next Treasury Secretary. This optimism is evident in the decline of US Treasury yields. Bessent, who is a former investment manager and founder of Key Square Capital Management, brings a unique perspective to this important role. His career has largely been outside […]

US Treasury yields have experienced a notable decline following the announcement of Scott Bessent as the nominee for the next Treasury Secretary. This news has been met with a positive response from investors, resulting in a significant drop in yields across various maturities. The yield on the benchmark 10-year Treasury note fell by 0.13 percentage […]

Stock futures were flat on Sunday as investors prepared for a shortened trading week due to the Thanksgiving holiday. The Dow Jones Industrial Average futures showed little change. Similarly, S&P 500 and Nasdaq 100 futures also remained flat. This stability in futures indicates a cautious approach from investors ahead of significant upcoming events. Despite the […]

The auto industry is currently experiencing a significant shift in its approach to electric vehicles (EVs) and autonomous driving technology. After years of aggressive investment, automakers are scaling back their spending due to a combination of rising costs, regulatory uncertainty, and slowing demand. This change in strategy marks a notable departure from previous plans that […]

The UK financial regulator, the Financial Conduct Authority (FCA), has recently imposed a fine on Barclays amounting to ￡50 million, which is approximately $61 million. This fine stems from Barclays’ failure to disclose certain financial dealings related to Qatar Holdings LLC during the period from 2008 to 2013. The FCA’s investigation revealed that Barclays did […]

Last week, small-cap stocks demonstrated a remarkable performance, outpacing their larger counterparts. The Russell 2000 index rose by 2.3%, marking a significant shift in market dynamics. This change is particularly noteworthy, as large-cap stocks have dominated the market for most of the year. The recent surge in small-cap stocks can be attributed to an increased […]

Southeast Asia is poised for a notable increase in salaries in 2025, as indicated by Aon’s latest salary survey. The report reveals that salaries across various industries in the region are expected to rise by an average of 5.3% next year. This anticipated growth reflects the dynamic economic landscape of Southeast Asia, which has been […]

Unicredit, Italy’s largest bank, has recently made a significant move in the banking sector by proposing to acquire Banco BPM, the country’s third-largest lender. The bid is valued at approximately €10.5 billion, which translates to about $11.3 billion. This potential deal is noteworthy as it stands to be one of the largest banking mergers in […]

Pipeline operator Oneok has announced a significant deal to acquire the remaining shares of EnLink Midstream that it does not already own. This all-stock transaction is valued at approximately $4.3 billion. Currently, Oneok owns about 53% of EnLink’s outstanding common units. Under the terms of the agreement, EnLink unitholders will receive 0.9182 Oneok common shares […]

In Russia, the current economic climate is marked by extremely high levels of inflation. This situation has led many citizens to take desperate measures to cope with rising prices. Reports indicate that people are now resorting to stealing basic food items, including butter, as they struggle to afford essential goods. Official data reveals that Russia’s […]