Moderna Stock Soars After First US Bird-Flu Death
Moderna led S&P 500 gainers Tuesday, a day after the first bird-flu death was reported in the U.S. The biotech company is developing a vaccine for H5N1.
Read More
US labor market stable as job openings rise, hiring eases in November
WASHINGTON (Reuters) -U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal Reserve to be in a rush to cut interest rates. The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed layoffs remained low and workers were reluctant to quit their jobs. There were 1.13 job openings for every unemployed person, up from 1.12 in October.
Read More
Nvidia stock tumbles more than 4% after hitting an all-time high
Nvidia’s (NVDA) shares tumbled Tuesday morning after rallying the previous day to close at an all-time high.
Read More
Energy surge fuels European market gains amid mixed economic data
(Reuters) -European shares closed higher on Tuesday, buoyed by gains in the energy sector, while investors digested a slew of economic data that painted a mixed picture of the region's economic health. Europe's premier index closed up 0.3% at 513.08 points, a level not seen in three weeks, as traders speculated on the implications of rising inflation and looming interest rate decisions. While the consensus remains that the European Central Bank is likely to proceed with interest rate cuts in January, in the markets the rate-sensitive real estate sector dropped 0.6%.
Read More
Top Stock Movers Now: Tesla, Moderna, Ulta Beauty, and More
U.S. equities were mostly lower at midday as new concerns about inflation dragged down the tech sector.
Read More
Analyst resets bank stocks forecast ahead of earnings
Bank stocks rallied massively in autumn but fell back in December ahead of earnings this month.
Read More
$2 Billion in Bitcoin (BTC) in 24 Hours: Open Interest Skyrockets
U.Today - Although Bitcoin's recent price performance has garnered a lot of attention, the explosive increase in open interest (OI) is the true story. Bitcoin's open interest...
Read More
Aurora Stock Jumps on Autonomous Driving Partnership With Nvidia, Continental
Shares of Aurora Innovation jumped more than 30% Tuesday morning after the self-driving software company announced a partnership with tech giant Nvidia and manufacturer Continental to develop self-driving trucks.
Read More
AXIS Capital hires Chubb executive as new head of global markets
Farrup will report to AXIS president and CEO Vince Tizzio and join the executive committee.
Read More
Nuclear energy stocks rise after final US rules on hydrogen tax credits
The new regulations allow nuclear power and natural gas producers to qualify for significant credits aimed at hydrogen production.
Read More
Under Armour Taps Adidas and Overtime Veteran Tyler Rutstein for SVP of Global Brand and Americas Marketing Role
Most recently, Rutstein was at sports media company Overtime, his professional home for more than five years.
Read More
Deutsche Bank says it’s now overweight Europe stocks vs. the U.S. Valuation is just one reason.
There’s never been a bigger valuation gap between European and U.S. stocks, and that’s not the only reason why Deutsche Bank now says it prefers equities on the Continent on a tactical basis.
Read More
US job openings rise unexpectedly to 8.1 million in November, a sign the labor market is resilient
U.S. job openings rose unexpectedly in November, showing companies are still looking for workers even as the labor market has cooled overall. Openings rose to 8.1 million in November, the most since February and up from 7.8 million in October, the Labor Department reported Tuesday. Openings were up in professional and business services, a broad category that includes managerial and technical workers, and in finance and insurance.
Read More
Peter Brandt: XRP Market Cap of $500B Within Six Weeks is 'Possible'
Veteran trader Peter Brandt has projected that XRP could reach a market capitalization of $500 billion within the next six weeks, contingent upon a significant price breakout.
Read More
This fund manager forecast a 20% S&P 500 gain last year. Now he says cash is king.
Dan Niles, founder of Niles Investment Management, says the S could swing much higher or lower in 2025, and investors need to protect themselves.
Read More