The stock market surge accelerated midmorning after dovish comments from Fed president Austan Goolsbee. PCE inflation was cooler than expected.
The stock market is sending a worrying signal that 2025 is going to be a tough year
"Market tops have to start somewhere, and many begin with breadth divergences," Ned Davis Research said.
Singapore Stocks’ Best Year Since 2017 Masks Downbeat Outlook
(Bloomberg) -- Singapore’s main stock index is on track to have its best annual performance since 2017, but any celebrations over the Straits Times Index’s 15% gain so far this year are likely to be overshadowed by doubts about what lies ahead. Most Read from BloombergThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases
Exclusive-Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
(Reuters) -Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to people familiar with the matter. Minneapolis, Minnesota-based Northern has submitted at least two offers for Granite Ridge, the sources said, adding the latest bid, made in recent weeks, was at a roughly 20% premium to the target's share price. While Granite Ridge's management has rebuffed the overtures so far, Northern remains interested in a deal and could sweeten its offer next year, the sources said, requesting anonymity as the discussions are confidential.
Novo Nordisk stock plunges 20% after a trial of its latest weight loss drug disappoints
The Ozempic maker's stock tanked after its highly anticipated CagriSema drug trial showed an average of 22.7% weight loss, below expectations for 25%.
Luigi Mangione shares jail with disgraced crypto kingpin Sam Bankman-Fried
Mangione, the suspect in the murder of the UnitedHealthcare CEO, also saw a a meme coin named after him skyrocket to $77 million earlier this month.
Penny Stock Applied Therapeutics' FDA Troubles Trigger Investor Lawsuit, Shareholders Claim Deception Over Govorestat Clinical Data
Adrian Alexandru, representing all similarly affected investors, has filed a federal securities class-action lawsuit against Applied Therapeutics (NASDAQ:APLT), alleging the company violated federal securities laws. The lawsuit claims that the company provided misleading information about its clinical trials and failed to disclose key adverse facts, causing significant financial losses for shareholders. Also Read: Rare Disease-Focused Applied Therapeutics' Lead Candidate Govorestat Has Blockbust
Crypto markets crash after epic rally, sending Bitcoin back below $100,000
Disappointment over future of interest rate cuts triggered a selloff.
Will David Sacks’ appointment spark a regulatory revolution in crypto?
With shifting political winds, blockchain advocates push for policies advancing market growth amid regulatory uncertainty.
US stocks end sharply higher, dollar drops after inflation report
NEW YORK (Reuters) -Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from U.S. President-elect Donald Trump. All three major U.S. stock indexes jumped more than 1%, gold surged and benchmark U.S. Treasury yields eased from multi-month highs. A report from the Commerce Department showed the PCE price index, the Federal Reserve's preferred inflation yardstick, came in cooler than analysts expected, supporting the narrative that price growth remains on a path toward achieving the U.S. central bank's 2% target.