Category: Latest News
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Eli Lilly Reportedly Prepares €15bn Bid for French Biotech Abivax
Eli Lilly (NYSE:LLY) is said to be working on a potential €15 billion offer to acquire French biotechnology company Abivax (NASDAQ:ABVX), according to a report published on Monday by La Lettre. The U.S. pharmaceutical group has not yet formally approached Abivax’s board, but remains interested in the transaction, the report said. Before launching an official…
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Goldman Warns Oil Prices May Ease Further in 2026 as Oversupply Deepens
Oil prices are expected to come under renewed pressure in 2026 as accelerating supply growth leaves the market increasingly oversupplied, according to analysts at Goldman Sachs. The bank believes the dynamic that dominated 2025 will largely persist, with plentiful production offsetting geopolitical risks and limiting any sustained upside in prices. Brent crude declined 14% year…
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Gold Sets Fresh Highs as Experts Say It Is “No Longer Just a Hedge in Portfolios”
A mix of political tension and macroeconomic uncertainty, compounded by the investigation involving Jerome Powell, has driven gold to unprecedented levels, with prices breaking above $4,600 an ounce for the first time. Spot gold climbed to $4,601.17 earlier today, while futures reached $4,612.40 an ounce. Silver has also continued its powerful advance, hitting new all-time…
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Dollar Slides as Scrutiny of Powell Intensifies
The U.S. dollar came under pressure during European trading on Monday after American prosecutors launched a criminal investigation into Federal Reserve Chair Jerome Powell, raising fresh concerns about political interference in the U.S. central bank. By 04:25 ET (09:25 GMT), the Dollar Index — which measures the greenback against a basket of six major currencies…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Fresh Pressure on Fed’s Powell, Iran Unrest in Spotlight as Markets Turn Cautious
U.S. equity futures were pointing lower at the start of a busy week for markets, with attention centred on renewed political scrutiny of Federal Reserve Chair Jerome Powell and escalating unrest in Iran. Powell moved into focus late Sunday after suggesting that a U.S. Department of Justice investigation into a Federal Reserve renovation project was…
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JPMorgan maps out ten big themes that could define the landscape in 2026
Analysts at JPMorgan argue that the global economy is moving more decisively toward an asset-driven model, away from one centred primarily on wages and income. In a research note, the team led by Joyce Chang said that surging investment in artificial intelligence and rising household wealth sit at “the core” of this transition. As a…
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Internet stocks tipped to lead in 2026 as AI shifts into ‘Synergy’ phase: Cantor
Global internet equities are expected to deliver stronger performance in 2026 as artificial intelligence transitions from the 2024–25 “Frenzy” into a more mature phase of “Synergy,” according to a recent note from Cantor. Analyst Deepak Mathivanan said the firm is heading into the year “with a significantly more optimistic outlook for Global Internet stocks,” arguing…
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Dow, S&P 500 Reach New Record Closing Highs Following Jobs Data
Stocks showed a lack of direction early in the session on Friday but moved mostly higher over the course of the trading day. The major averages all climbed firmly into positive territory, with the Dow and the S&P 500 reaching new record closing highs. The major averages ended the day off their highs of the…
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La Rosa Holdings Shares Jump on $11 Million Financing Milestone
La Rosa Holdings Corp. (NASDAQ:LRHC) surged 45.5% on Friday after the company announced the initial closing of $11 million under its previously disclosed $250 million private placement convertible note facility. The funding marks the first tranche of a broader capital structure that, when combined with La Rosa’s existing $1 billion equity purchase facility, gives the…
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GreenPower Shares Surge on Plans for New Mexico Manufacturing Site
GreenPower Motor Company Inc (NASDAQ:GP) jumped more than 50% in premarket trading on Friday after the company unveiled plans to establish a new manufacturing facility in Santa Teresa, New Mexico. The zero-emission vehicle maker said its decision was influenced by New Mexico’s growing electric vehicle ecosystem, the Santa Teresa Foreign Trade Zone designation, and a…