Palantir Technologies shares climbed Thursday after the analytics software provider said it extended a contract with the U.S. Army that could be worth $618.9 million.
China’s ‘Old Shop’ Jeweler Bucks Slowdown With 437% Stock Rally
(Bloomberg) -- If anything glitters in China’s otherwise dour retail jewelery landscape, chances are it just might be from Laopu Gold Co.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe Bejing-based jeweler, whose Chinese name translates to “old shop,” is luring shoppers as it outshines market leader Chow Tai Fook Jewel
ETF Market Tops $15T on Active Management Boom
Global ETF assets reached $15.1 trillion in 2024, as investors embraced a record number of new launches and active management strategies, according to a new Bank of America report.
Reddi-wip Owner Conagra Brands' Stock Slides as Inflation Leads to Lowered Outlook
Conagra Brands shares slid Thursday after the food giant lowered its profit outlook, citing a "challenging consumer environment."
The best and worst airlines stocks of 2024
It has been feast or famine for the airline industry this year. An uneven merger landscape had a ripple effect on several players, and a sector-wide shift towards the premium end of the market left budget carriers scrambling to rethink their business models. That chaos showed up in stock prices, which ranged from nearly triple-digit losses to triple-digit gains.
The Fed's 'pivot' brought market uncertainty to the forefront
The Federal Reserve's hawkish comments about uncertainty in the rate path ahead spooked investors.
FDA says knockoff versions of Lilly obesity drug must come off the market
Specialty pharmacies and online companies that have been selling off-brand copies of two blockbuster drugs for obesity and diabetes will need to phase out their versions next year under a federal decision issued Thursday. The Food and Drug Administration said that a nationwide shortage of Eli Lilly’s Zepbound and Mounjaro has been resolved, eliminating the need for copycat versions of the drugs that have become wildly popular with Americans trying to lose weight. The decision is a win for Lilly — which had been pressing the FDA to take the step for months — and is expected to impact how patients access the drugs, including how much they pay.
Stocks tanked after the Fed signaled fewer rate cuts next year. Here's what Wall Street analysts see ahead.
The Federal Reserve cut interest rates on Wednesday but projected only two further cuts next year. Here's what analysts are saying about the news.
Oil Falls After Federal Reserve Outlook Boosts US Dollar
(Bloomberg) -- Oil fell by almost 1% to settle below $70 a barrel as expectations for fewer interest-rate cuts by the US Federal Reserve boosted the dollar.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalFed officials lowered borrowing costs as expected on Wednesday, but reined in the number of reductions they expect to ma
2025 Looks Bright for Bitcoin: ETFs Ready to Gain Big
President-elect Donald Trump's proposals of creating a Bitcoin strategic reserve, pro-crypto cabinet and growing interest from institutional investors, positioning crypto fund investments as a highly desirable approach to capitalize on the promising outlook for digital assets in 2025.