25 minutes ago Bitcoin surpasses $40,000 Bitcoin has topped $40,000, a new annual high, as investors are bullish ahead of a possible U.S. approval of a Bitcoin exchange-traded fund and traders bet that the Federal Reserve will start cutting interest rates next year. Bitcoin was recently up 6% to around $42,000. The cryptocurrency is now … [Read more…]
45 minutes ago Pfizer shares are falling after the company stops developing experimental weight-loss drugs Pfizer shares fell about 4% in premarket trading after the drugmaker decided to stop developing a twice-daily version of its weight-loss drug due to adverse side effects. “At this time, the twice-daily danuglipron formulation will not advance to Phase 3 … [Read more…]
U.S. stocks rose before the bell on Thursday, on track for their best month this year, as investors continued to bet on interest rate cuts after key consumer inflation numbers. Dow Jones Industrial Average futures (^DJI) rose about 0.6%, or over 200 points, while S&P 500 futures (^GSPC) rose about 0.3%. Futures on the tech-heavy … [Read more…]
An hour ago European stocks start the week slightly in the red European markets fell at the start of the new trading week, although sector moves remained subdued. Oil and gas stocks fell 0.8% while retail rose 0.3%. The Stoxx 600 index was 0.1% lower at 9:05 a.m. London time. The pan-European benchmark rose steadily … [Read more…]
6 hours ago Big retail ETF has its worst day since May as Walmart shares fall Shares of major retailers plunged on Thursday, dragging the SPDR S&P Retail ETF (XRT) to its worst day in nearly six months. XRT slipped 3.4%, marking its worst day since May 19. The ETF’s decline came shortly after Walmart’s … [Read more…]
5 hours ago Hong Kong markets are cooling off after the previous session’s gains Hong Kong’s Hang Seng Index fell 1.81% in Thursday morning trading, shedding more than half of its gains from the previous session. The Hang Seng Tech Index lost 2.34%. Most technology-focused stocks rallied on Wednesday on signs of cooling U.S. inflation, … [Read more…]
28 minutes ago Tech companies are still recovering from an era of low interest rates, according to Bank of America According to Bank of America’s technology, media and telecommunications team, the technology sector is still feeling the effects of the period when real interest rates were below 1%. The company said that the waning effects … [Read more…]
40 minutes ago Stocks seeing the biggest moves premarket: Intel, Synopsys and more Check out the companies making headlines before the bell: Intel – Semiconductor shares rose 2.2% after news that the Israeli government has agreed to give Intel $3.2 billion for a new $25 billion chip factory the company is building in the south … [Read more…]