Latest Market News
President Joe Biden will speak about gasoline prices on Wednesday, the White House said, as his administration is reportedly moving toward a release of at least another 10 million to 15 million barrels of oil from the U.S. Strategic Petroleum Reserve. Bloomberg News and others report that such a release would be the latest in […]
Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this […]
U.S. stocks ended higher Tuesday, booking back-to-back gains, as investors digested earnings results from companies including Goldman Sachs Group Inc. The Dow Jones Industrial Average DJIA, +1.12% closed 1.1% higher, while the S&P 500 SPX, +1.14% gained around 1.2% and the Nasdaq Composite rose 0.9%, according to preliminary data from FactSet. Goldman GS, +2.33% was […]
One of the Treasury market’s most reliable gauges of impending U.S. recessions has the potential to shrink to its narrowest level in 41 years within a matter of months, according to BMO Capital Markets strategists. That indicator is the spread between 2- TMUBMUSD02Y, 4.456% and 10-year Treasurys TMUBMUSD10Y, 4.014% , which becomes inverted whenever the […]
Eli Lilly and Co. LLY, +0.05% said Tuesday it has entered an agreement to acquire Akouos Inc. AKUS, +89.80%, a company developing a portfolio of viral gene therapies for the treatment of inner ear conditions including hearing loss, for up to $610 million in cash. Under the terms of the deal, Akouos shareholders will receive […]
Hasbro Inc. shares HAS, -2.30% slid 3% in premarket trade Tuesday, after the toy company posted third-quarter earnings that roughly halved versus the year-earlier period as retailers sped up shipments for the holiday season and customers showed the pressures from high inflation. The company posted net income of $129.2 million, or 93 cents a share, […]