ADVFN US – Market Content Editor
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BofA: July e-commerce growth stays strong, early signs point positively for Amazon
Bank of America (BofA) reported Tuesday that the momentum in e-commerce sales persisted through July, with aggregated credit and debit card data showing total online spending up 7% year over year — matching June’s growth rate. In its research note, the bank highlighted that in-store sales slipped 1% during the same period, lifting online market…
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Hedge Funds Rise 1.1% in July, Event-Driven Strategies Lead the Way
Hedge funds worldwide gained 1.1% in July, driven by event-driven managers and fundamental equity long/short funds, according to Goldman Sachs Prime Desk. Event-driven strategies saw the strongest performance, climbing 1.8% last month as increased merger arbitrage activity boosted returns. Fundamental equity long/short funds closely followed with a 1.6% gain. Despite these advances, both strategy types…
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US Retail Sales Rise in July as Import Prices Jump and New York Manufacturing Hits Nine-Month High
A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July. The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June. Economists had expected retail sales to rise…
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Dow Jones, S&P and Nasdaq 100 Little Changed as Investors Eye Retail Sales and Geopolitical Talks
Dow Jones, S&P 500 and Nasdaq 100 are currently pointing to a roughly flat open for the markets on Friday, with stocks likely to extend the lackluster performance seen over the course of the previous session. Traders may be reluctant to make significant moves as they keep an eye on a highly-anticipated meeting between President…
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OPEC Sees Global Oil Demand Hitting 107.7 Million Barrels a Day by Late 2026
Global appetite for oil is set to keep climbing over the next two years, according to OPEC’s August oil market report, which projects demand will reach 107.7 million barrels per day (bpd) in the final quarter of 2026. That’s an increase from the 106.4 million bpd expected in the last quarter of 2025. The forecast…
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Lexaria Bioscience Shares Rise After Reaching GLP-1 Study Milestone
Lexaria Bioscience Corp (NASDAQ:LEXX) stock climbed 3.4% following the announcement that the company has achieved a key milestone in its Phase 1b glucagon-like peptide-1 (GLP-1) study in Australia. The drug delivery platform developer confirmed that its Contract Research Organization (CRO) reached the last patient last visit (LPLV) milestone in the GLP-1-H24-4 trial, marking the completion…
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Scienture Shares Plunge After $3.9 Million Discounted Offering Announcement
Scienture Holdings Inc (NASDAQ:SCNX) stock fell sharply, dropping 43.7%, after the company announced a registered direct offering of common stock at a steep discount to its current market price. The pharmaceutical holding company entered into a securities purchase agreement with institutional investors to sell 3,225,000 shares at $1.20 per share. The offering, expected to close…
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707 Cayman Shares Soar After Crypto Treasury Exploration Announcement
707 Cayman Holdings Limited (NASDAQ:JEM) stock jumped 26% following the company’s announcement that it has entered a memorandum of understanding to explore the creation of a cryptocurrency treasury reserve. The Cayman Islands-based apparel firm signed the MOU with Precious Choice Global Limited, a British Virgin Islands corporation, to evaluate holding digital assets such as Bitcoin,…
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180 Life Sciences Shares Plunge After Announcing $500 Million Stock Offering
180 Life Sciences Corp (NASDAQ:ATNF) stock fell 25% following the company’s announcement of a sales agreement that could see up to $500 million in common stock sold. The biopharmaceutical firm disclosed on August 13, 2025, that it had established an “at-the-market” offering program with Clear Street LLC serving as the sales agent. Under this arrangement,…
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Aquestive Therapeutics Shares Rise After $75 Million Funding Deal
Aquestive Therapeutics Inc (NASDAQ:AQST) stock climbed 5.7% following the announcement of a $75 million strategic funding agreement with RTW Investments, LP, contingent on FDA approval of its Anaphylm sublingual film. The financing is intended to support Aquestive through 2027, providing capital to commercialize Anaphylm, which could become the first oral rescue treatment for severe allergic…