Shares of Viking Therapeutics soared nearly 40% intraday following discussions with the FDA that accelerated the development of their weight loss candidate VK2735 to phase 3 trials, potentially advancing its market debut by a year. This drug, administered monthly, is anticipated to be more convenient than Eli Lilly and Novo Nordisk's treatments. The oral version of VK2735 will be...
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UBS believes the profitability of Tesla's AI projects is still far off and reiterates a sell rating on the stock.
$Tesla(TSLA.US$
$Tesla(TSLA.US$
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The yield curve has been inverted for two years, and the Sahm Rule, which predicts recessions based on unemployment rates, is on alert. Citi suggests the U.S. economy is at a turning point; if the labor market continues to weaken, it may trigger a recession.
Tech stocks fell while defensive stocks rose, similar to the scenario during the 2000 tech bubble burst. At that time, tech stocks went through a signif...
Tech stocks fell while defensive stocks rose, similar to the scenario during the 2000 tech bubble burst. At that time, tech stocks went through a signif...
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Last week, U.S. initial jobless claims were 235,000, below both expectations and previous figures. The four-week average of continuing jobless claims rose to 1.8535 million, the highest level since December 2021.
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Core PCE Price Index falls to 2.9% QoQ, still above expectations.
The U.S. economy maintained its resilience with GDP growing by 2.8% quarter-on-quarter in Q2, surpassing expectations.
The core PCE price index fell to 2.9% QoQ, indicating a decrease in inflation compared to the previous quarter, though it remained slightly above expectations.
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The U.S. economy maintained its resilience with GDP growing by 2.8% quarter-on-quarter in Q2, surpassing expectations.
The core PCE price index fell to 2.9% QoQ, indicating a decrease in inflation compared to the previous quarter, though it remained slightly above expectations.
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Amid growing concerns over global economic growth, the narrative of "copper shortage" is beginning to waver. Analysts say whether investors should buy copper now depends on their outlook for global economic recovery. If the outlook is positive, current prices present a good buying opportunity.
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Investors continued to sell off tech stocks, shifting towards blue-chip and small-cap stocks. $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ fell for the third consecutive day, while $Dow Jones Industrial Average(.DJI.US$ and $Russell 2000 Index(.RUT.US$ rose throughout the day. The Nasdaq dropped nearly 1%, and the small-cap index gained over 1%. The semiconductor index opened lower, dropping 4% before halving its losses. $NVIDIA(NVDA.US$ fell about 7% before briefly ...
Goldman Sachs' models indicated that the S&P 500 and Nasdaq 100 had triggered CTA sell signals. If the market continues to decline, trend traders might withdraw up to $219 billion from global stock markets, including $67 billion from the U.S. market.
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Kamala Harris raised $81 million within 24 hours of Joe Biden's withdrawal from the presidential race, breaking fundraising records and reshaping the election landscape for both Democrats and Republicans.
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Nomura suggested that the current 200,000 monthly growth in U.S. non-farm payrolls is equivalent to 100,000 pre-pandemic due to the influx of illegal immigrants, predicting a return to normal levels next year.
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