Category: Top Story

Mike Doustdar, CEO of Novo Nordisk (NYSE:NVO), voiced concerns on Friday about how President Donald Trump’s decision to introduce 100% tariffs on imported branded pharmaceuticals fits within the framework of trade agreements between the European Union and the United States. Doustdar said the connection between the latest U.S. tariff measures and the EU-US deal has…

The Stock Traders Almanac is forecasting what it calls a “monster Q4 rally,” projecting that the S&P 500 could climb to 7100 before 2025 comes to a close. In its October market outlook, the group said the bearish seasonal patterns that usually weigh on equities have not emerged this year, leaving room for a strong…

Intel (NASDAQ:INTC) and GlobalFoundries (NASDAQ:GFS) shares climbed in early U.S. trading on Friday, following a Wall Street Journal report that the Trump administration is exploring ways to reduce American dependence on imported semiconductors by encouraging domestic production. Ahead of the market open, Intel was up about 2.9%, while GlobalFoundries surged more than 5%. In contrast,…

Shares of Costco (NASDAQ:COST) dipped slightly on Friday, despite the warehouse club reporting quarterly results that surpassed Wall Street expectations. For the fiscal fourth quarter, the retailer posted earnings of $5.87 per share, beating analysts’ forecast of $5.81, supported by steady customer traffic and strong sales that offset rising costs. Revenue came in at $86.16…

Baidu (NASDAQ:BIDU) is set to launch fully driverless robotaxi services in Dubai by the first quarter of 2026, marking a major step in the Chinese tech company’s expansion of autonomous vehicle operations outside of China. Liang Zhang, managing director of EMEA at Baidu’s Apollo Go division, revealed Thursday that the company has finalized an agreement…

The U.S. dollar held steady Friday, following a sharp advance the previous session, as markets awaited the Federal Reserve’s preferred measure of inflation. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against six major currencies, slipped 0.1% to 98.090 after posting a 0.6% gain on Thursday. The index is on track…

Gold prices remained largely unchanged in Asian trading Friday, steadying after recent declines from record highs as new U.S. tariff measures kept investors leaning toward safe-haven assets. The market’s attention is turning to upcoming U.S. inflation figures, which have helped maintain interest in gold. Despite posting a series of record highs in recent weeks, the…

Oil prices edged upward on Friday, poised for their largest weekly gain in three months, as Ukrainian attacks on Russian energy infrastructure prompted Moscow to restrict fuel shipments and brought it close to cutting crude production. Brent futures increased by 21 cents, or 0.3%, to $69.63 a barrel by 0635 GMT, while U.S. West Texas…

IBM (NYSE:IBM) shares rose 3.3% Thursday morning following news that HSBC (NYSE:HSBC) successfully executed the world’s first quantum-enabled algorithmic trading trial using IBM’s quantum computing technology. The collaboration showed a up to 34% improvement in predicting the success rate of customer inquiries in the European corporate bond market, compared with traditional classical computing methods. The…