February PCE Report: Core PCE Inflation Index Up 2.8%, Above Expectations
The PCE Price Index year over year rose 2.5% in February, in line with forecasts and following an increase of the same amount ...
US Tariff Uncertainty Puts Japan Auto Stocks Under Pressure
Shares of Japanese automakers in our coverage are under pressure as US President Donald Trump signed a proclamation ...
Consumer sentiment falls to lowest level in over two years as worries about the labor market grow
The numbers: The final reading of consumer sentiment in March fell to a 32-month low, as more Americans than at any time since the financial crisis think unemployment will rise in the year ahead. The ...
How Nvidia saw $200 million evaporate after CoreWeave's IPO pricing
Nvidia (NVDA) owns 17,932,460 Class A shares of CoreWeave (CRWV), representing 3.8% of the total shares outstanding. At the IPO price of $40 a share, Nvidia's stake would be valued at $717.3 million.
Milestone Pharmaceuticals Shares Hit New Low After FDA Rejects Etripamil
Milestone in 2023 agreed to sell a royalty interest in etripamil to RTW Investments for $75 million, subject to the company receiving FDA approval of the drug by the end of September 2025. Write to ...
Tech stocks are struggling. But there are big differences between now and the 2000 internet bubble, Goldman Sachs says.
However, the big difference between 2000 and 2025 is that the rising valuations of most tech stocks are justified by fundamentals - particularly, as the chart below shows, surging profits. The Nasdaq ...
SoftBank Group Planning Industrial Parks in U.S., Potentially Promising $1 Trillion in Investments, Nikkei Reports
--SoftBank Group plans to create industrial parks across the U.S. featuring artificial intelligence-equipped factories, Nikkei reports. --The Japanese tech investor will potentially promise about $1 ...
China's Antitrust Regulator to Review BlackRock-Led's $23 Billion Panama Ports Deal — WSJ
SINGAPORE--China's antitrust regulator said Friday that it would review the $23 billion deal by Hong Kong-based ports operator CK Hutchison to sell ports to a BlackRock-led group.
Trevor Milton, who was pardoned by Trump, may have cost investors more than half a billion dollars
Milton was convicted in 2023 of defrauding investors by lying about the technological breakthroughs at electric-vehicle maker Nikola when he was chief executive. Most infamously, a prototype electric ...
Six of the last eight bear markets came with stocks as out of sync as they are now
He further observes that six of the eight bear markets since 1980 have occurred when the intra-correlation was below average, and none have occurred when correlation was in its highest quartile.
Trevor Milton may have cost investors more than a half-billion dollars. He says Trump pardoned him.
Matthew Podolsky, the acting U.S. attorney for the Southern District of New York, submitted a filing earlier this month asking the court to order Milton to pay $661 million in restitution to retail ...
ICE Canola Still Pushing Higher
The vegetable oils lent support to canola, with sharp increases in Malaysian palm oil and much more modest upticks in Chicago soyoil and European rapeseed. Declines in Chicago soybeans and soymeal ...