by Jibran Munaf | October 24, 2024 | Aviation
Boeing faced a major setback on Wednesday as its U.S. factory workers rejected a new wage deal, prolonging a strike that has severely impacted the aerospace giant’s production and financial stability. The union, representing roughly 30,000 workers in the Pacific...
by Jibran Munaf | October 24, 2024 | Healthcare, Market Commentary
The rapidly expanding use of GLP-1 drugs like Ozempic and Wegovy—originally designed to treat diabetes and obesity—has illuminated the inefficiencies of the U.S. healthcare system. While these drugs are now being explored for numerous other conditions, including...
by Jibran Munaf | October 24, 2024 | Markets
Stocks fell sharply on Wednesday, with the tech sector leading the decline as investors grew uncertain about the Federal Reserve’s rate-cut timeline amid a flurry of earnings reports. Major companies like Boeing (BA) and Tesla (TSLA) were at the forefront of the...
by Jibran Munaf | October 24, 2024 | Corporate Finance
Tesla’s (TSLA) stock surged nearly 11% in after-hours trading on Wednesday following the release of its third-quarter earnings, which exceeded Wall Street expectations. The electric vehicle (EV) maker delivered strong results in gross margins, earnings per share, and...
by Jibran Munaf | October 24, 2024 | Currencies
The dollar surged past 152 yen for the first time since late July on Wednesday, pushing the euro to its lowest level in over three months, as investors brace for the Federal Reserve to hold off on rate cuts and contemplate the potential impact of a Trump election...
