Crude oil prices are in the spotlight this week as the deal between the United States and Iran is tested. Brent, the global benchmark, ended the week at $73.6, down sharply from year-to-date high of $119.4. WTI has moved below the key support level of $70.US and Iran exchange strikesThere…
South Korean stocks have soared in the past few months, with the KOSPI Index doubling this year, helped by the strong performance of Samsung and SK Hynix. It peaked at 9,388 this month and then pulled back to the current 8,410. Still, there is a risk that the index will…
Bitcoin price retreated below the important support of $60,000 as concerns about demand from American investors continued. BTC was trading at $59,930, lower from last month’s high of $82,803. So, will the retreat continue as ETF outflows jump?Bitcoin ETF outflows are surgingThere are signs that American investors are aggressively selling…
The S&P 500 Index has come under pressure in the past few days, moving from the year-to-date high of $7,620 to the current $7,354. This retreat continued amid the rising jitters that the AI boom is ending. This article highlights some of the top catalysts for the index and its…
Netflix Inc. (NFLX) shares rose more than 5% on Friday, outperforming the broader market.Investors assessed the streaming giant’s growing investments in live sports programming and artificial intelligence initiatives as potential drivers of long-term growth and user engagement.The S&P 500 gained 0.3% while the Nasdaq Composite was up 0.06%. Investors appeared…
Sellas Life Sciences (SLS) shares are extending gains on Jun. 26 following a key regulatory filing that disclosed a series of comprehensive corporate amendments regarding executive compensation and protection.Specifically, the board restructured change-of-control and severance agreements for CEO Angelos Stergiou, CFO John Burns, and CDO Dragan Cicic.The marketplace is widely…
Around two weeks ago, Elon Musk’s SpaceX conglomerate went public. Everyone who is remotely interested has a fair idea of the numbers. But in a nutshell, it was easily the biggest Initial Public Offering (IPO) in history. It also led to Mr Musk becoming the first ever trillionaire, however briefly.…
Shares of SpaceX (SPCX) rose 3% on Friday as investors prepared for the company’s addition to the Russell 1000 Index. The move is expected to drive demand from passive investment funds and broaden the stock’s presence across major benchmarks.The gains came after a difficult stretch for the newly public company.The…
Omeros Corp (OMER) stock is tumbling on Friday morning following a major regulatory setback in Europe that has caught investors off guard.Investors are bailing on OMER mostly because the European Medicines Agency’s (EMA) expert panel has rejected its primary commercial asset.At the time of writing, Omeros stock is down some…
Moderna Inc. (MRNA) shares surged nearly 10% on Friday, extending a powerful rally that has lifted the stock about 40% over the past month and significantly outperformed the broader market.The gains followed the company’s Science Day presentation and investor event, where Moderna outlined an ambitious strategy to expand beyond its…