Category: Top Story
-
Cannabis Stocks Rally After Trump Highlights CBD Advantages for Older Adults
U.S. cannabis shares are seeing a strong lift in premarket trading Monday after former President Donald Trump shared a video on social media Sunday discussing the potential health benefits of hemp-based CBD for seniors. Major players in the cannabis sector experienced notable gains. Tilray (NASDAQ:TLRY) jumped 18%, Cronos Group (NASDAQ:CRON) added 10%, and Canopy Growth…
-
BofA flags near-euphoric sentiment as global stocks approach new highs
Investor optimism is reaching elevated levels, according to Bank of America’s latest Global Equity Risk-Love index, as equity markets worldwide push toward record territory. The indicator currently sits around the 85th percentile of its historical range since 1987 and has remained relatively stable over the past month. Measures such as volatility, put-call ratios, and spreads…
-
Novo Nordisk Shares Decline After Morgan Stanley Downgrade to Underweight
Morgan Stanley lowered its rating on Novo Nordisk (NYSE:NVO) from Equal-weight to Underweight and cut its price target from DKr 380 to DKr 300, citing a “tough path ahead” for the pharmaceutical company amid slowing prescription trends, rising competition, and pricing pressures. Novo Nordisk shares slipped more than 3% in premarket trading on Monday in…
-
U.S. Defense Shares Rally on Pentagon’s Missile Production Expansion Plans
U.S. defense stocks surged in premarket trading Monday following a Wall Street Journal report outlining the Pentagon’s ambitious plan to boost missile production, aimed at preparing for potential conflicts with China. The WSJ reported that military officials are pushing contractors to double or even quadruple production across 12 key weapons systems, including Patriot interceptors, Long…
-
Dow Jones, S&P, Nasdaq, Wall Street, Five Key Market Events to Track This Week
Investors are preparing for a week shaped by U.S. labor data and potential political risks. The release of the September nonfarm payrolls report is expected to dominate headlines, while attention will also turn to the possibility of a federal government shutdown. Economic indicators from the Institute for Supply Management (ISM) and earnings from major companies…
-
Dollar Weakens as Markets Eye U.S. Shutdown Risks and Jobs Data
The U.S. dollar edged lower on Monday amid investor caution over a potential federal government shutdown, alongside anticipation of key economic reports later this week. By 05:35 ET (09:35 GMT), the U.S. dollar index, which tracks the currency against a basket of major peers, had slipped 0.2% to 97.92. Attention is now focused on Friday’s…
-
Stellantis Appoints Joao Laranjo as New CFO Following Ostermann’s Departure
Stellantis (NYSE:STLA) announced on Monday that Joao Laranjo has been named the company’s new Chief Financial Officer. Laranjo will take over from Doug Ostermann, who resigned from the role for personal reasons, the automaker said in a statement. Despite the leadership change, Stellantis confirmed it is maintaining its financial guidance for 2025. Laranjo brings extensive…
-
AstraZeneca to Adopt Direct U.S. Listing While Retaining London Base
AstraZeneca (NASDAQ:AZN) said on Monday it will transition to a direct listing on the New York Stock Exchange, replacing its current depositary receipt structure, in a move aimed at attracting a wider range of global investors. The company confirmed it will remain headquartered and listed in London. The announcement may ease concerns among UK investors…
-
BP Moves Forward with $5 Billion Tiber-Guadalupe Gulf of Mexico Project
BP (NYSE:BP) confirmed on Monday that it will advance a $5 billion offshore drilling project in the U.S. Gulf of Mexico, named Tiber-Guadalupe, reflecting the company’s strategic pivot back to its core oil and gas operations. The project is expected to begin production in 2030 and will feature a new floating platform capable of producing…
-
Gold Climbs Above $3,800/oz Amid U.S. Shutdown Fears and Rate Cut Speculation
Gold reached record levels in early Asian trading on Monday as concerns over a potential U.S. government shutdown this week drove safe-haven demand, while expectations of lower interest rates added further support. Spot gold hit $3,812 an ounce, with December futures topping out at $3,839.05/oz. Other metals also advanced strongly, benefiting from a weaker dollar…