Kevin Warsh begins his tenure as Federal Reserve Chair with markets expecting stable interest rates. Historically, the S&P 500 tends to perform well after a new Fed Chair takes office, with an average 2.3% gain in the first month and positive returns in most cases over 12 months. Notably, Janet Yellen and recent chairs saw strong market gains, while Alan Greenspan's start coincided with the 1987 crash, an outlier event. This historical trend suggests a generally favorable market outlook as Warsh steps in, though it is not guaranteed.
CarMax reported first-quarter fiscal 2027 earnings of $1.31 per share, surpassing analyst estimates of 94 cents, with revenue rising 6.2% to $8.01 billion. However, gross profit declined 4.4%, and gross profit per retail used vehicle dropped by $230 ...
Oramed Pharmaceuticals Inc. will be added to the Russell 2000 and Russell 3000 indexes following the 2026 Russell indexes semi-annual reconstitution, effective June 29, 2026. This inclusion reflects Oramed's ranking among the 4,000 largest U.S. stock...
South Korea, though small in size, has become a major winner in the 2026 AI boom thanks to its dominance in high-bandwidth memory (HBM) production. Key companies SK Hynix and Samsung Electronics, which together make up nearly half of the iShares MSCI...
Lake Victoria Gold Ltd. has appointed key finance and compliance officers in Tanzania to support the transition of its fully permitted Imwelo gold project from planning to construction and production. The Imwelo project, located near AngloGold Ashant...
Quantum Secure Encryption Corp., a Vancouver-based post-quantum cybersecurity firm, announced a partnership with a Malaysian digital certification authority to develop a localized version of its Quantum Preparedness Assessment platform. This move aim...
