izusek Real estate stocks edged down in the week ended June 21 after a mixed economic data and the latest housing market update, while the major market averages gained marginally. The Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) ended the holiday-shortened week 0.13% lower at $38.48. The fund postedContinue Reading
The S&P 500 (SP500) on Friday saw small moves, with the expiration of major options not adding to the volatility of the session. For the week, the Nasdaq (COMP:IND) was flat. The S&P (SP500) and Dow (DJI) advanced 0.61% and 1.45%, respectively. Wall Street had a slew of upgrades andContinue Reading
U.Today – , the largest cryptocurrency by market capitalization, has recently reached a one-month low, as this year’s record-breaking rise shows indications of exhaustion in the lack of new market drivers. Amid this downturn, Michael Saylor, the cofounder and chairman of MicroStrategy and a well-known Bitcoin advocate, responded with hisContinue Reading
Magdalena Wygralak Restaurants are having to adjust as consumers push back against the surges in prices since the pandemic due to their own higher costs for ingredients, labor, rent, and other operational expenses. While most restaurant operators have not pulled back their menu prices across the board, recent promotions haveContinue Reading
Devonyu A new peer-reviewed study suggested this week that GLP-1 drugs, popularly used for weight loss, are associated with a lower risk of dementia in older people with diabetes. The trial considered real-world data from Sweden using more than 88,000 patients aged 65 or older with type 2 diabetes mellitusContinue Reading
shapecharge Though SPDR material-focused ETF (NYSEARCA:XLB) managed to gain just 4.79% through 2024 against the broad-based index ETF (SPY) of 15.08%, almost 80% of the tickers in the sector ETF managed to peak in value over the last year. From the end of 2023 through June 20, 22 of theContinue Reading
loveguli This week’s winners among financial stocks were led by two insurers, one credit-card issuer, one Indian bank and one Brazilian digital bank. On the flip side, two crypto-linked companies, one fintech-focused lender and two Argentine lenders fell the most. In all, financial stocks (with market cap over $2B) finishedContinue Reading
DaveAlan/iStock Unreleased via Getty Images After two years of bargaining, Alaska Airlines has reached a tentative agreement with a union representing its flight attendants to avoid a potential strike during the busy summer travel season. The agreement caps multiple trade union actions organized by the Association of Flight Attendants overContinue Reading
U.Today – , the first and largest cryptocurrency has quadrupled in price since the beginning of 2023, reaching a new high of $73,798 in March, boosted by demand for U.S. exchange-traded funds. However, recent observations by crypto analyst Ali might suggest a concerning trend: a significant downturn in exchange-related on-chainContinue Reading
phototechno Amylyx Pharmaceuticals (NASDAQ:AMLX) has signed an agreement with Eiger BioPharmaceuticals (OTC:EIGRQ) to acquire the rights to the latter’s Phase 3-ready GLP-1 receptor antagonist, Avexitide. Cambridge, Massachusetts-based Amylyx (AMLX) has agreed to pay $35.1M plus other payments for the acquisition, the company announced in an SEC filing late Friday. TheContinue Reading
