Oil prices experienced a decline after a notable five-day rally, driven by traders’ ongoing scrutiny of tensions in the Middle East and the potential for additional economic stimulus from China, shortly after the country resumed activities following a week-long holiday. Brent crude prices fell toward $80 per barrel after increasing…...

In a recent announcement, Samsung Electronics provided an estimate for its third-quarter operating profit, projecting a remarkable increase of 274% compared to the same quarter last year. This significant leap would translate to an estimated operating profit of 9.1 trillion won ($6.78 billion) for the period ending September 30. However,…...

China’s recent initiatives to reignite its housing market have demonstrated immediate effects, marked by heightened sales and increased buyer activity during the nation’s week-long holiday. Reports indicate that in numerous cities where residential projects are promoting discounted deals, prospective homebuyer visits surged by over 50% compared to the previous year.…...

The Bank of Korea (BOK) is anticipated to initiate a significant policy shift this week, aligning its approach with other global central banks in what appears to be a move towards easing monetary policy. The backdrop for this anticipated decision stems from the cooling of the housing market and a…...

On Monday, Chicago Mayor Brandon Johnson announced a new slate of board members for the city’s public schools following his decision to replace all previous appointees amidst worsening budgetary tensions. Johnson, who previously worked as an organizer for the Chicago Teachers Union (CTU), expressed his commitment to advocate for the…...

In a recent post, Lambert Strether of Corrente recounts a mishap that occurred while he was engaged in photographing nature. In an attempt to frame his subject properly, he took a step back and unexpectedly found himself falling onto a concrete walkway. Although he managed to protect his camera during…...

A significant development in the realm of antitrust law occurred recently as a federal judge ruled that the Federal Trade Commission (FTC) can advance its antitrust lawsuit against Amazon. This decision, heralded as a momentous setback for Amazon, underscores the increasing scrutiny of corporate practices concerning market competition. Despite Amazon’s…...

Google’s legal challenges regarding its dominance in the online search market are set to unfold as the Justice Department (DOJ) prepares to recommend remedies to address its monopoly status. Following a pivotal trial where Google was found to have engaged in illegal monopolistic behavior, the court is expected to receive…...

In his exploration of the connection between music and healing, Daniel J. Levitin, a prominent neuroscientist and musician, presents a compelling case for how music affects our bodies and minds. Levitin’s latest book, “I Heard There Was a Secret Chord: Music as Medicine,” draws from his extensive background in both…...

US investment-grade corporate bond spreads have recently narrowed to their lowest levels in over three years, indicating a strong bullish sentiment among credit investors despite mounting macroeconomic and geopolitical risks. As of last Friday, the average high-grade bond spreads, which represent the additional yield investors earn compared to US Treasuries,…...

Walgreens Boots Alliance has appointed Jason Stenta, a former executive at Optum, as its new chief commercial officer, effective immediately. In this pivotal role, Stenta will spearhead the company’s strategy for commercial growth as well as the development of its business-to-business healthcare services. This appointment is particularly significant as Walgreens…...