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Amid consecutive federal rate hikes, U.S. industrial production declined in October. However, manufacturing output increased marginally. On top of it, real gross domestic product (GDP) increased at an annual rate of 2.9% in the third quarter of 2022  Moreover, the Bipartisan Infrastructure Law is expected to fortify industrial development in the country. To date, 2,800 […]

Amid stubbornly high inflation and consecutive rate hikes, the Consumer Confidence Index of the Conference Board fell to 100.2 in November, down from 102.2 in October. The index is at its lowest level since July. Moreover, according to Goldman Sachs Group Inc. (GS) strategists, the bear market phase is expected to extend into 2023. They

This year, geopolitical turmoil, sky-high inflation, and aggressive interest rate hikes have affected the stock market. This resulted in decreased investor confidence and massive stock selloffs. However, after the inflation had shown signs of cooling, which ultimately led to an indication of agreement among the Fed officials about slowing interest rate hikes soon, investor sentiments

The COVID-19 pandemic has boosted the worldwide biotech market by increasing focus on drug discovery and development. The growing prevalence of chronic disease and an aging population worldwide are increasing the importance of the biotech industry. Personalized medicine’s expanding influence and the rise in orphan drug formulations are creating new opportunities for biotechnology applications and

Markets are significantly volatile ahead of the November jobs data release. However, despite widespread macro headwinds, the S&P 500 secured modest gains over the past month. Moreover, according to Deutsche Bank AG (DB) strategist Binky Chadha, the stock market rally isn’t over yet. In addition, Sam Stovall, chief investment strategist for CFRA Research, said, “Right

The CPI data for October released earlier this month showed signs of a slowdown in inflation. In response to cooling inflation, the recently released minutes from the Federal Open Market Committee’s (FOMC) November meeting indicated agreement among Fed officials about slowing interest rate hikes soon. With investors resetting their expectations for the pace of rate

Software company Fortinet, Inc. (FTNT) surpassed consensus estimates in its latest reported quarter. It beat revenue estimates by 2.3% and EPS estimates by 20.6%. According to Ken Xie, FTNT’s Founder, Chairman, and CEO, “Fortinet’s future growth will be driven by the convergence of security and networking, the industry trend of vendor and product consolidation, the

Food distribution company US Foods Holding Corp. (USFD) sells and distributes fresh, frozen, and dry food and non-food products to restaurants, national restaurant chains, hospitals, hotels, government and military organizations, colleges and universities, and retail locations.  The company recently announced a change in management by appointing Dave Flitman as the new chief executive officer and

Healthcare stalwart Merck & Co., Inc. (MRK) continues to strive toward developing its pipeline through acquisitions. The company recently announced that it would acquire clinical-stage biopharmaceutical company Imago BioSciences, Inc. (IMGO) for an approximate total equity value of $1.35 billion. The transaction, expected to close in the first quarter of 2023, should broaden MRK’s hematology

The automobile industry has undergone a massive transformation over the past few years. The key drivers of this new era are Electric Vehicles (EVs) and CASE (connected, automated, shared, electrified) technologies. However, multiple headwinds have exerted additional pressure on the margins of this industry over the past two years. With the shortage of microprocessors and