The Nasdaq Composite fell 0.68% due to rising 10-year U.S. Treasury yields hitting 4.63%, the highest since February 2025, which increased borrowing costs and made bonds more attractive than stocks. This shift particularly impacted AI-driven tech and semiconductor stocks, with the Philadelphia Semiconductor Index dropping over 4%. Additionally, Brent crude oil prices rose 1.4%, fueled by tensions around Iran, keeping inflation concerns alive. These factors have revived fears of further Federal Reserve rate hikes, with markets now pricing in a 40% chance of a rate increase in January, shaking confidence in growth stocks and creating uncertainty about the market's near-term direction.
Brodsky & Smith LLC has announced investigations into whether the boards of Dominion Energy, Global Business Travel Group, Webster Financial, and TopBuild breached their fiduciary duties to shareholders during recent merger agreements. These probes f...
NextEra Energy announced a $66.8 billion all-stock deal to acquire Dominion Energy, forming the world's largest regulated utility by market value. The combined company will serve about 10 million customers across four states and operate 110 gigawatts...
The S&P 500 remains near unchanged as oil prices fell on reports of a possible US sanctions waiver for Iran, easing inflation concerns. However, rising 10-year Treasury yields near 4.59% continue to pressure tech stocks, keeping the Nasdaq flat while...
Ademi LLP is investigating Dominion Energy's merger deal with NextEra Energy, citing possible breaches of fiduciary duty and legal violations. The merger terms give NextEra shareholders majority control and include significant benefits for Dominion i...
NextEra Energy announced a $190 billion all-stock acquisition of Dominion Energy, creating the world's largest regulated electric utility. The merger combines Dominion's grid serving Northern Virginia's dense data center area with NextEra's leading r...
