News in the Philippines

Strong Performance Amid Increased Capital Expenditures Meta's stock price (NASDAQ:META) surged by 13% this month, outperforming other leading tech companies. This increase follows the company's commitment to significant capital expenditures and its pledge to invest even more in the future. Meta's share price rose by 0.3%, nearing its record closing…

Provisions and External Factors Toronto-Dominion Bank (NYSE:TD) reported its first quarterly loss in over two decades, driven by a $2.6 billion provision for fines related to U.S. money laundering investigations. The bank also faced additional challenges, including significant impacts from extreme weather and wildfires. The reported loss amounted to C$181…

Key Speech at Jackson Hole Federal Reserve Chair Jerome Powell is scheduled to address the annual Economic Policy Symposium this Friday, marking a crucial point in the Fed’s inflation strategy. His anticipated speech will likely outline the central bank's plans for a potential interest rate cut while assuring investors of…

Oil Prices Recover Oil prices moved higher after a recent decline, with West Texas Intermediate (WTI) climbing above $73 a barrel. This increase follows a drop of about 5% over the past three trading sessions. Traders are watching closely the weekly inventory data from the US, with the American Petroleum…