Category: Latest News
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Pfizer records a loss of US$3.36 billion in the last quarter, but remains optimistic for 2024
In the last quarter, Pfizer (NYSE:PFE) reported a loss of $3.36 billion, contrasting with the previous year’s gain of $4.99 billion. During the October-December period, the pharmaceutical company brought in $14.2 billion in revenue, representing a 41% decrease compared to the same quarter in 2022. Albert Bourla, CEO of Pfizer, expressed delight with the solid…
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Home Prices, Consumer Confidence and Job Openings Reports Due
Standard & Poor’s is scheduled to release its report on home prices in major metropolitan areas in the month of November at 9 am ET. At 10 am ET, the Conference Board is due to release its report on consumer confidence in the month of January. The consumer confidence index is expected to rise to…
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U.S. Stocks May Give Back Ground In Early Trading
The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to give back ground following the strong upward move seen over the course of the previous session. Traders may look to cash in on the rally seen late in Monday’s trading, which lifted the Dow and the…
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U.S. Futures Dip Ahead of Housing, Employment Data, Oil Prices Slightly Up
U.S. index futures are down in Tuesday’s pre-market as investors await today’s data on housing, employment, and consumer confidence, anticipating tomorrow’s monetary policy announcement. At 6:03 AM, Dow Jones futures (DOWI:DJI) dropped 56 points, or 0.15%. S&P 500 futures fell 0.12%, and Nasdaq-100 futures declined by 0.07%. The yield on 10-year Treasury notes was at…
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Arcus Biosciences Stock Jumps 20% on $320M Gilead Investment, Super Micro Surpasses Forecasts, and More News
Arcus Biosciences (NYSE:RCUS), Gilead Sciences (NASDAQ:GILD) – Arcus Biosciences‘ shares rose 19.5% in pre-market trading on Tuesday following news of a $320 million investment by Gilead Sciences, which also led to a revision of their collaboration agreement. This change aims to boost the growth of their joint development programs and includes the appointment of Johanna…
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U.S. Stocks Close Mostly Higher On Late-Day Strength
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Monday. With the upward move, the Dow and the S&P 500 set new record closing highs, while the Nasdaq reached its best closing level in two years. The major averages rallied to new…
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Crypto: GRIID Nasdaq Debut, OKX Leads Crypto Inscription Innovation, and more
Reduction in contracts boosts Bitcoin price The recent rise in Bitcoin (COIN:BTCUSD) above US$43,000 may be related to the decrease in open interest in bitcoin options, especially at US$40,000, according to analyst Gordon Grant. After the options expired at the end of January, there was a notable decrease in these contracts, potentially freeing the Bitcoin…
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Amazon and iRobot Merger Abandoned Due To E.U. Opposition
Amazon (NASDAQ:AMZN) and iRobot (NASDAQ:IRBT) have called off their planned merger after E.U. regulators refused to approve the deal. Amazon announced its $1.7bn deal to buy iRobot in August 2022. On Monday, the two companies released a statement saying that the proposed deal “has no path to regulatory approval” in the E.U. David Zapolsky, Amazon…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may be reluctant to make significant ahead of several key events this week, including the Federal Reserve’s monetary policy announcement on Wednesday. While the Fed is…
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U.S. Futures Mixed, Oil Futures Up
In the pre-market of this Monday, U.S. index futures are showing a mixed trend as Wall Street prepares for the release of mega-cap company earnings and eagerly awaits the Federal Reserve’s monetary policy decision later this week. At 05:32 AM, Dow Jones futures (DOWI:DJI) fell 35 points, or 0.09%. S&P 500 futures rose 0.01%, and…