Fed Unlikely to Cut Rates Before September Despite Market Turmoil
Recent turmoil in global stock markets, triggered by a sharp slowdown in the U.S. job market, has led to speculation that the Federal Reserve might cut...
Etiket: Stock Market
U.S. Jobless Claims Drop, Easing Recession Fears
The number of Americans filing for unemployment benefits dropped more than expected last week, calming fears of a rapidly deteriorating labor market and reinforcing a narrative...
Merck Shares Fall 9% Despite Earnings Beat and Strong Demand for Key Drugs
Merck reported second-quarter revenue and adjusted earnings that exceeded Wall Street’s expectations, driven by strong sales from its blockbuster cancer drug Keytruda and other treatments in...