Category: Latest News
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Kenvue shares drop after report of potential Tylenol-autism link from Trump administration
Shares of Kenvue (NYSE:KVUE) slipped 5.5% in pre-market trading on Monday following a report by the Washington Post that the Trump administration is set to raise concerns about a possible connection between Tylenol’s active ingredient and autism risk. The report indicates that federal health authorities may advise pregnant women to avoid acetaminophen—the active ingredient in…
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Mexico’s Central Bank Poised for 25-Basis-Point Rate Cut
Mexico’s central bank is widely expected to lower its key interest rate by 25 basis points at the September 25 policy meeting, according to Bank of America (NYSE:BAC). If implemented, this move would bring the overnight rate down to 7.50% from the current 7.75%. Market expectations already reflect a quarter-point reduction, consistent with BofA’s forecast.…
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Genfit shares drop after halting VS-01 liver failure trial
Genfit (NASDAQ:GNFT) saw its stock decline 9% following the company’s announcement to discontinue its VS-01 therapy for Acute-on-Chronic Liver Failure (ACLF). The decision came after a safety incident in the UNVEIL-IT trial and a subsequent review by an independent Data Monitoring Committee (iDMC). The company said the ACLF program, previously seen as its most prominent…
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Dow Jones, S&P, Nasdaq, Wall Street, Five Key Market Themes for the Week Ahead
Investors are entering a week packed with tech earnings and important Federal Reserve commentary, coming shortly after the central bank’s recent interest rate cut and hints at further reductions. Market participants will also be watching new inflation data, while tariff-driven price pressures could influence results from warehouse retailer Costco. Tech Sector Results Take Center Stage…
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Ed Yardeni Sees Parallels to 1999 Tech Bubble in Current Market Rally
The ongoing market upswing shows signs reminiscent of the late 1990s tech bubble, with major indices hitting record levels and valuations stretching higher even as corporate earnings continue to rise, according to Ed Yardeni, founder and president of Yardeni Research. Last week, the Dow, S&P 500, Nasdaq, and Russell 2000 all posted new highs, boosted…
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Copper Gains as Supply Disruptions and Strong Chinese Demand Weigh on Markets
Copper prices edged higher in early Monday trading as concerns over supply disruptions re-emerged, coupled with steady demand from China. During morning trading on the London Metal Exchange, copper rose 0.6% to $9,996.50 per metric ton. ANZ analysts highlighted that the market could tighten further if Chile’s El Teniente mine remains offline longer than expected.…
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Dollar steadies as markets await Fed commentary and inflation data
The U.S. dollar held steady on Monday after last week’s swings, with investors focusing on a series of Federal Reserve speeches that could shed light on upcoming monetary policy, ahead of critical inflation figures. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against six major currencies, was slightly lower at 97.155.…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip as Tech Earnings and Economic Data Take Center Stage
U.S. stock futures inched lower Monday as traders prepared for a week dominated by tech earnings reports and key economic indicators. Micron is among the spotlight companies, with investors watching closely for signs of momentum in the artificial intelligence sector. Meanwhile, Indian IT stocks fell following the announcement of a new U.S. H-1B visa fee,…
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Gold Maintains Highs as Rate-Cut Prospects Support Bullion
Gold prices advanced in Asian markets on Monday, remaining near last week’s record levels, driven by optimism over additional U.S. interest rate cuts following the Federal Reserve’s recent move. The metal’s gains were tempered by a modest rebound in the U.S. dollar, which has recovered from its lowest point in more than three years. Spot…
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Oil Gains Amid EU Sanctions Threat and Ukrainian Attacks
Oil prices in Asia edged higher on Monday after a week of declines, as traders considered the potential impact of new European Union sanctions on Russia and ongoing Ukrainian strikes targeting energy infrastructure. At 21:50 ET (01:50 GMT), November Brent futures rose 0.6% to $67.06 per barrel, while WTI crude gained 0.5% to $63.02 per…