As health authorities worldwide work to contain the monkeypox outbreak, investors quickly buy shares in companies that might profit from efforts to control the disease.
Investors are buying up shares of vaccine producers, antiviral drug makers, and protective equipment companies, hoping to profit as they did during the coronavirus pandemic.
Bavarian Nordic, the only producer approved of the pox vaccine, saw its shares jump 16.5% on the day in...
Investors are buying up shares of vaccine producers, antiviral drug makers, and protective equipment companies, hoping to profit as they did during the coronavirus pandemic.
Bavarian Nordic, the only producer approved of the pox vaccine, saw its shares jump 16.5% on the day in...
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A Bloomberg report shows that the number of hedge funds holding Bitcoin exchange-traded funds has increased to 1,950, with 701 new funds recently adding spot Bitcoin ETFs to their portfolios. Notable buyers include Millennium Management, Capula Investment Management, Schonfeld Strategic Advisors, and Steven Cohen's Point72 Asset Management.
Since the SEC approved 11 asset managers to launch Bitcoin ETFs in January 2024, interest in these funds ...
Since the SEC approved 11 asset managers to launch Bitcoin ETFs in January 2024, interest in these funds ...
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$NVIDIA (NVDA.US)$ climbed over 5% on Monday, moving further above the 100 level. Since hitting a two-month low of around $90 during last week's "Black Monday," Nvidia has rebounded by over 20%, returning to the $110 mark. As it heads into its second-quarter report later this month, Nvidia's recent stock action holds a mix of the good and the bad.
Nvidia shares recently declined due to concerns about a broa...
Nvidia shares recently declined due to concerns about a broa...
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$Novo-Nordisk A/S (NVO.US)$ shares tumbled 8.4% on Wednesday after the pharmaceutical giant announced disappointing second-quarter results for 2024. The company's flagship drugs, Ozempic and Wegovy, both reported significant sales increases but fell short of analysts' expectations. Ozempic, used for treating type 2 diabetes, saw a 30% rise in sales to $4.26 billion, below the anticipated $4.38 billion. Wegovy, aimed at obesity...
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Wall Street has experienced significant volatility over the past several days, with a relief rally on Tuesday helping to mitigate some of the damage caused by intensified recession fears last week. In the market's eyes, the Federal Reserve is either on the brink of averting a recession or at risk of repeating its past mistakes by failing to recognize an impending economic downturn in time.
Traders are currently pricing in a strong p...
Traders are currently pricing in a strong p...
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$Bitcoin (BTC.CC)$ and $Ethereum (ETH.CC)$ are recovering after hitting their lowest levels in six months on Monday, during the first significant test of recently launched crypto exchange-traded funds (ETFs). Over a 24-hour period, about $370 billion was erased from the market cap of all digital tokens, with Bitcoin dropping below $50,000 and Ether experiencing its largest single-day drop in three years. This sell-off...
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Columns VIX Spiked 180% on Monday, Marking Rare Move Since Financial Crisis. What It Means for Investors
As a series of global macro risks continue to disrupt the market and trigger a chain reaction, US stocks continued to adjust significantly under panic sentiment on Monday. The $S&P 500 Index (.SPX.US)$ fell by 3.0%, while the $Dow Jones Industrial Average (.DJI.US)$ fell by 2.6%, marking the largest single-day decline in about two years. The $CBOE Volatility S&P 500 Index (.VIX.US)$, also known as the "f...
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$Super Micro Computer (SMCI.US)$will release its quarterly earnings after the market closes on Tuesday, August 6th. Super Micro Computer stock has experienced a remarkable 120% increase year-to-date, driven by its strong position in the AI server market. Investors are now curious whether the demand for SMCI's products will continue in the upcoming June quarter (fiscal fourth quarter) report.
Here Are Key Expectations to Watch:
Analysts ...
Here Are Key Expectations to Watch:
Analysts ...
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$NVIDIA (NVDA.US)$'s stock fell by 7% to $103.73, significantly outpacing the $Nasdaq Composite Index (.IXIC.US)$'s 1.3% decline, marking its lowest closing share price since May 23. The stock is now down 26% from its June peak of over $140 per share.
Apple to Train AI Models with Google Chips Instead of Nvidia
Apple announced that its AI models, part of its Apple Intelligence system, were pretrained using Google's Tensor P...
Apple to Train AI Models with Google Chips Instead of Nvidia
Apple announced that its AI models, part of its Apple Intelligence system, were pretrained using Google's Tensor P...
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In a significant move, the U.S. Securities and Exchange Commission (SEC) has greenlit the launch of spot Ethereum exchange-traded funds (ETFs), set to begin trading as early as Tuesday, offering investors direct exposure to the price fluctuations of Ethereum, the globe's second-largest digital currency by market cap.
This development is set to potentially integrate Ethereum into traditional investment vehicles such as 401...
This development is set to potentially integrate Ethereum into traditional investment vehicles such as 401...
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