Brazil’s current account deficit increased to $3.1 billion in November, according to a report from the central bank on Monday. This data shows a growing deficit over the last year, mostly due to a drop in the country’s trade surplus. Although the monthly deficit is slightly more than the $3.3…
Novo Nordisk shares staged a dramatic rebound on Monday, recovering 8% after a steep 20% plunge on Friday. The recovery was sparked by investor reassessment of the company’s potential following disappointing trial results for its CagriSema weight-loss drug. The broader European markets also saw moderate gains as the pan-European Stoxx…
Rumble Inc (NASDAQ: RUM) opened a whopping 50% up this morning after announcing to have received a $775 million strategic investment from Tether. The online video and cloud services company will use part of the proceeds to “fund a self-tender offer” for up to 70 million Rumble shares. Tether’s minority…
Despite the looming uncertainty of President-elect Donald Trump’s trade and tax policies, Wall Street is largely aligning with the Federal Reserve’s outlook, anticipating a decline in short-term US Treasury yields in 2025. This consensus view suggests that investors are primarily focused on the Fed’s interest-rate policy, expecting a decrease in…
Shares of Traws Pharma Inc (NASDAQ: TRAW) more than tripled today after reporting encouraging early-stage data for its tivoxavir marboxil as a treatment of H5N1 bird flu. The investigational drug demonstrated safety and tolerability, and maintained blood levels above the EC90 for more than 23 days in a Phase I…
Luigi Mangione, the 26-year-old accused of killing UnitedHealth CEO Brian Thompson, has pleaded not guilty to murder and terrorism charges in state court. The legal battle is set to proceed in both state and federal courts, as Mangione faces a complex web of accusations. His lawyer, Karen Friedman Agnifilo, criticized…
New home sales in the United States experienced a notable rebound in November, recovering from a downturn caused by hurricanes the previous month. However, this positive development is tempered by concerns about rising mortgage rates, which could potentially dampen sales in the coming year. The housing market, a key indicator…
Tilray Inc (NASDAQ: TLRY) chief executive Irwin Simon expects the recreational use of cannabis to be legalised on a federal level under Donald Trump as the President of the United States. In other words, he expects legalisation to occur over the next four years. Simon made that prediction in a…
President Joe Biden faces a critical decision on Nippon Steel’s $15 billion bid to acquire US Steel, a deal that has raised concerns over national security. The Committee on Foreign Investment in the United States (CFIUS) referred the matter to the President after failing to reach a consensus, Reuters reported.…
Brazil wraps up 2024 in a puzzling duality: impressive economic growth on the one hand and lackluster market performance on the other. Gross domestic product (GDP) growth is expected to hit 3% for the third consecutive year, unemployment is at record lows, and the trade surplus has reached new heights.…