Millions of UK households will be affected by an increase in the energy price cap set by regulator Ofgem. Winter energy prices are expected to reach a three-year high.
Fed Chairman Kevin Warsh cut the post-meeting statement from 341 words to 130 and removed all mention of future rate cuts. The change may signal that higher-for-longer rates are likely to persist.
Shares of TransMedics Group Inc. crossed above the average analyst 12-month target price of $94.36, trading at $94.77. This may prompt analysts to reconsider their ratings.
nVent Electric plc (NVT) announced a definitive agreement to acquire Maverick Power for $1.75 billion, expected to strengthen its position in the high-growth data center infrastructure market.
Government regulators are seeking to advance a new framework for using crypto tokens to raise capital, with the SEC taking action despite the Clarity Act being on hold.
UPS announced an investment of over $2 billion into its international, healthcare, and supply chain businesses. This is a significant capital allocation move.
IBM announced a new dual-architecture processor for its IBM Z and LinuxONE systems, aiming to enhance performance and capabilities. The processor is designed to support both traditional and modern workloads.
Job site Adzuna reported that graduate job vacancies have fallen to their lowest level since 2016, a nearly 50% drop year-over-year. This signals a challenging job market for new graduates.