The S&P 500 Index and its top ETFs like SPY, IVV, and VOO have done well this year as they soared by over 40% from the lowest level in April and 16% from the January level. Why the S&P 500 Index and ETFs like VOO and SPY jumpedThe index has jumped…
The Dow Jones Index has done well this year, continuing the bull run that started in 2022 when it tumbled to a low of $28,662. It was trading at $47,560, up by 30% from its lowest level in April when Donald Trump announced his reciprocal tariffs.The Dow Jones, like the…
Crude oil prices edged lower on Wednesday ahead of the Fed interest rate decision. While the market is increasingly confident of an interest rate cut of 25 basis points, a hawkish guidance, or at least a non-committal position, is highly likely. These expectations, coupled with the overwhelming concerns of a…
The USD/CHF exchange rate drifted downwards on Thursday morning as the US dollar index weakened after the Federal Reserve interest rate decision. It dropped to a low of 0.8, its lowest level since November 19 as investors anticipated the upcoming Swiss National Bank (SNB) interest rate decision.SNB interest rate decision…
Bitcoin and top altcoins suffered a harsh reversal today, Dec. 11, as concerns about the Federal Reserve forward guidance resumed. BTC dropped below $90,000, erasing some of the gains made earlier this week.XRP price dropped by 3.6% in the last 24 hours and by 7.8% in the previous seven days.…
Scottish Mortgage share price popped this week, reaching its highest level since November 5. SMT jumped to a high of 1,140p, up by 11% from its lowest level in November and by 46% from its lowest point in November last year. Scottish Mortgage share price is soaring amid SpaceX IPO newsSMT…
Pfizer is rolling the dice again on an oral obesity pill.The pharmaceutical giant signed an exclusive global license agreement with YaoPharma, a subsidiary of China’s Fosun Pharma.The deal involves YP05002, an oral small-molecule GLP-1 agonist, with a $150 million upfront payment plus up to $1.935 billion in milestone rewards.This marks…
JPMorgan stock (NYSE: JPM) tanked nearly 5% on Tuesday after the bank’s consumer banking chief warned that 2026 expenses will reach $105 billion.Wall Street wasn’t pricing in this magnitude of expense, as they are over 4% above market expectations.Marianne Lake’s comments at the Goldman Sachs Financial Services Conference sent shockwaves…
Global markets opened on Wednesday on a cautious note as investors balanced major corporate developments with heightened macroeconomic uncertainty. SpaceX’s push toward what could become the largest initial public offering in history, alongside muted trading across Asian markets ahead of the US Federal Reserve’s rate decision, shaped the early-session sentiment.…
Nintendo’s latest share slump is drawing attention to a wider shift in the tech supply chain, as rising memory costs ripple through gaming hardware. Shares fell as much as 2.6% on Wednesday, reaching the lowest level since May during intraday, after investors reacted to concerns that expensive components could weigh…