Markets
Que-Azcona family cracks Top 10 in Forbes’ Philippines 50 Richest
The Que-Azcona family, owners of Mercury Drug, the Philippines' largest drugstore chain, made a significant debut in Forbes Magazine’s 2025 list of the 50 richest Filipinos, ranking sixth following the death in April of Vivian Que-Azcona, who had led the company founded by her father, Mariano Que, after World War II.
Wall Street advances on hopes Fed will cut rates
U.S. stocks rallied Monday as weak jobs data bolstered expectations that the Federal Reserve could begin cutting interest rates in the coming months.
T-Bill yields mixed as slew of data loom
Treasury bill yields moved mostly lower at Monday’s auction, as investors braced for a raft of key economic reports that could influence future monetary policy direction.
US jobs growth slows sharply amid tariff uncertainty
The US economy added significantly fewer jobs than expected in July, highlighting growing business uncertainty amid President Donald Trump's sweeping review of bilateral trade tariffs—an initiative that has triggered retaliatory measures even from longtime American allies.
Nike shares jump on JP Morgan upgrade
An investor note from JP Morgan sparked a rally in Nike shares on Monday after analysts urged investors to "Just Buy It!"—a play on the brand’s iconic slogan—citing growing confidence in its multiyear recovery plan.
