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Novo Nordisk (NYSE:NVO) – In the second quarter, Novo Nordisk reported a net profit of DKK 20.05 billion ($2.93 billion), below the forecast of DKK 20.9 billion. The company reduced its operating profit growth projection to 20%-28% for 2024, from 22%-30%. Sales growth forecasts were increased to 22%-28%. Competition in the weight-loss market is intensifying.…

Bitcoin surpasses $56,000 in market recovery Bitcoin (COIN:BTCUSD) started at $54,169.74 and rose to $56,496, recovering from Monday’s sell-off. Fernando Pereira, a Bitget analyst, noted that the price remains within a downtrend channel since March. The recent rise is linked to the price being at the support point of this channel, possibly attracting significant buying…

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the month of June. The Commerce Department said the trade deficit shrank to $73.1 billion in June from a revised $75.0 billion in May. Economists had expected the trade deficit to…

The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground after moving sharply lower over the past few sessions. Bargain hunting may contribute to early strength on Wall Street, as some traders look to pick up stocks at relatively reduced levels. The sell-off seen in…

US index futures rose in pre-market trading on Tuesday, signaling a recovery after one of the worst days for markets in nearly two years. Earnings season continues, with Palantir (NYSE:PLTR) and Lucid Group (NASDAQ:LCID) showing strong pre-market performances, partially easing the negative sentiment. At 4:37 AM, Dow Jones futures (DOWI:DJI) rose 195 points or 0.50%.…

Palantir Technologies (NYSE:PLTR) – The AI software company reported $678 million in Q2 revenue, up 27% year-over-year, beating the $653 million estimate. Net income was $134 million, or 6 cents per share, compared to 1 cent the previous year. The annual revenue forecast increased to up to $2.75 billion. Shares rose 11.2% pre-market. Lucid Group…

Cryptocurrencies plunge amid recession fears and global tensions On Monday, Bitcoin (COIN:BTCUSD) dropped from $57,531.60 to $49,050, partially recovering to $53,799. Over $350 million in long positions were liquidated in two days, the highest value in four months. Ether hit a low of $2,112.00, the largest daily drop since 2021, recovering to $2,416.23. Other cryptocurrencies…