In a pivotal development aimed at ending over 15 months of devastating conflict, Israel and Hamas have reached a phased agreement to bring an end to the war in Gaza. The deal, which could lead to a ceasefire as early as January 19, 2024, includes provisions for a gradual withdrawal…
As spot Bitcoin exchange-traded funds (ETFs) mark their first anniversary and Ethereum ETFs reach the six-month milestone, the cryptocurrency market is gearing up for a potential wave of new offerings. With pro-crypto Donald Trump set to assume the presidency, market participants anticipate a friendlier regulatory environment that could pave the…
Goldman Sachs expects a 25% increase in mergers and acquisitions in the United States this year. The investment firm expects the incoming government of Donald Trump to be significantly more business-friendly. And this will translate to increased dealmaking in 2025, according to Goldman Sachs. In particular, its experts are convinced…
In a pivotal development aimed at ending over 15 months of devastating conflict, Israel and Hamas have reached a phased agreement to bring an end to the war in Gaza. The deal, which could lead to a ceasefire as early as January 19, 2024, includes provisions for a gradual withdrawal…
BlackRock Inc chief executive Larry Fink says he doesn’t have any new acquisition target in mind for 2025. The world’s largest asset manager made three sizable acquisitions last year: an independent infrastructure fund manager (GIP), a global credit investment manager (HPS), and a leading provider of private markets data (Preqin).…
Eli Lilly (LLY) reduced its fourth-quarter sales guidance by 5%, lowering expectations to $13.5 billion. This figure is $400 million below the low end of the company’s prior guidance and includes $3.5 billion from its type 2 diabetes drug Mounjaro and $1.9 billion from its weight-loss medication Zepbound. Wall Street’s…
US stocks surged on Wednesday, fueled by a slowdown in core inflation and better-than-expected earnings from major banks. The Dow Jones Industrial Average rose by 804 points, or 1.9%, while the S&P 500 gained 2% and the Nasdaq Composite climbed 2.6%. Investors breathed a sigh of relief as December’s Consumer…
As spot Bitcoin exchange-traded funds (ETFs) mark their first anniversary and Ethereum ETFs reach the six-month milestone, the cryptocurrency market is gearing up for a potential wave of new offerings. With pro-crypto Donald Trump set to assume the presidency, market participants anticipate a friendlier regulatory environment that could pave the…
The AUD/USD exchange rate rose slightly after the latest US inflation and Australian jobs data. After bottoming at 0.6133 on Monday, the pair rose to a high of 0.6215 as the focus shifted to the upcoming US retail sales data. So, what next for the Australian dollar? Australia’s strong jobs…
Adani Group stocks surged today as Hindenburg Research, the short-selling firm infamous for its critical reports, announced its immediate closure. Hindenburg’s founder, Nate Anderson, cited the completion of their “pipeline of ideas” as the reason for the firm’s shutdown. The market’s response indicates renewed investor confidence in Adani Enterprises and…