The New Year’s Opening Act January 2, 2025 Year 2025 in America kicked off with a terrorist act in the deep south city of New Orleans and news of a second straight double-digit decline in U.S. mortgage applications, yet pre-open stock futures point to a rebound from last week’s decline. The dollar also made gains,…
The latest Nationwide House Price Index (HPI) reveals a noticeable deceleration in UK house price growth, dropping to a 0.7% increase for December 2024. This marks a significant decline from November’s 1.2% rise, suggesting a cooling market as the year comes to a close. Updated data released on January 2, 2025, confirms this month-over-month comparison…
December 2024 and Full 2024 in Figures January 1, 2025 In spite of lessening monetary restraint by many central banks during 2024, long-term interest rates tended to end higher. Among economies featured in the table below, the rise in British interest rates ranked highest for both the whole year and in just December. Between the…
Li Auto Inc. (LI) reported delivering 58,513 vehicles in December 2024, marking a 16.2% increase compared to the same period last year. For the entirety of 2024, the company achieved total deliveries of 500,508 vehicles. The December delivery figures set a new monthly record for Li Auto. This accomplishment signifies the company’s milestone of surpassing…
Altice USA has decided to remove MSG Networks from its Optimum channel lineup in the tri-state area, according to a statement released by Sphere Entertainment Co. on Wednesday. The carriage agreement between Optimum and MSG Networks expired at midnight on December 31, 2024. In a statement, MSG Networks expressed, “In an attempt to rehabilitate their…
Richard Branson famously noted, “Every risk is worth taking as long as it’s for a good cause and contributes to a good life.” Trading, by its very nature, involves risk. However, with an effective strategy and well-timed decisions, it can yield substantial returns in a relatively short period. Highlighted here are several biotech stocks that…
U.S. stocks are experiencing significant declines this Friday afternoon, with an uptick in Treasury yields driving this downward trend. All major indices are in negative territory, with the Nasdaq recording the steepest drop. The Dow Jones Industrial Average, having plummeted to 42,761.56, was recently down by 336.36 points, or 0.78%, at 42,989.44. The S&P 500…
Big Lots Inc. has entered into a definitive agreement with Gordon Brothers Retail Partners, LLC for the divestiture of several of its assets, comprising stores, distribution centers, and intellectual property, to a range of retailers and companies. Among the prominent acquirers is Variety Wholesalers, Inc., which manages over 400 retail outlets across the Southeastern and…
Bristol Myers Squibb (BMY) announced on Friday that the U.S. Food and Drug Administration has granted approval for Opdivo Qvantig (a combination of nivolumab and hyaluronidase-nvhy) for subcutaneous injection. This newly approved formulation combines nivolumab with recombinant human hyaluronidase (rHuPH20) and is authorized for use in nearly all previously approved solid tumor indications for Opdivo…
Vincerx Pharma Inc. (VINC) has announced a binding term sheet for a proposed merger with Oqory Inc., a private clinical-stage company focused on developing antibody-drug conjugates (ADCs) for various oncology treatments. VINC’s stock closed Friday’s regular session at $0.1940, marking an increase of $0.0101, or 5.49%. The stock further surged in after-hours trading, gaining $0.13,…