Mesut Dogan/iStock via Getty Images St. Louis Fed President Alberto Musalem said Thursday that June’s cooler-than-forecast Consumer Price Index report points to “encouraging further progress” on the disinflation front. Earlier, the Bureau of Labor Statistics posted its monthly update on the widely-watched CPI, which delivered encouraging news to the FederalContinue Reading
monsitj/iStock via Getty Images Gold futures rallied past $2,400/oz in Thursday’s trading following a surprise drop in U.S. consumer prices in June, raising hopes that the Federal Reserve will soon start cutting interest rates. The latest data from the Bureau of Labor Statistics showed a 0.1% decline in consumer prices,Continue Reading
ibreakstock/iStock via Getty Images Biodexa (NASDAQ:BDRX) stock shot up 70% in morning trading Thursday after the company re-released positive data from a Phase 2 study for its drug eRapa in the treatment of Familial Adenomatous Polyposis, for FAP. According to the company’s release Thursday, 12-month data from the Phase 2Continue Reading
da-kuk/E+ via Getty Images London (UKX) +0.15% UK’s GDP expands 0.4% in May Germany (DAX:IND) +0.25% Germany’s inflation falls to 2.2% in June France (CAC:IND) +0.49% Slovakia’s construction output fell 6.2% Y/Y in May. Retail sales in Turkey rose 5.8% Y/Y in May. The pan-European Stoxx 600 (STOXX) moved 0.39%Continue Reading
da-kuk/E+ via Getty Images London (UKX) +0.24% Germany (DAX:IND) +0.20% France (CAC:IND) -0.08% Industrial production in Austria shrank 4.1% Y/Y in May. Industrial production in Slovakia fell 0.1% Y/Y in May. The annual inflation rate in the Czech Republic eased further to 2% in June. The annual consumer inflation rateContinue Reading
The Asia-Pacific equity market mostly in red on Wednesday as investors processed the latest inflation data from China. Investors also continued to assess Federal Reserve Chair Jerome Powell’s testimony before the Senate, while looking ahead to his appearance before the House later today. Japan (NKY:IND) +0.61%. The index hovers atContinue Reading
Rimma_Bondarenko/iStock via Getty Images Restaurant stocks traded lower on Tuesday as investors and analysts showed some anxiety on how the Q2 earnings season may play out amid more signs that consumers are holding back in certain discretionary categories. The Dow Jones US Restaurants & Bars Index (DJUSRU) was down 1.68%Continue Reading
sutthirat sutthisumdang Cantor Fitzgerald said it sees Tango Therapeutics (NASDAQ:TNGX) benefitting from Ideaya’s (IDYA) positive Phase 2 data for its MAT2A inhibitor IDE397 in the treatment of non-small cell lung and urothelial cancers. The investment bank noted that IDE397 works on the same pathway as Tango’s PRMT5 inhibitors TNG462 andContinue Reading
Brussels, Belgium, July 9th, 2024, Chainwire Masa also becomes the first live token in the Bittensor Subnet Ecosystem, introducing a new dual-token reward structure to incentivize contributors and democratize AI development. Masa, a decentralized AI network where people earn by contributing data, today announced the launch of an AI DataContinue Reading
Traders and investors have watched Wall Street’s major market averages trade mixed on Monday, as participants look ahead to important inflation reports and earnings scheduled for later in the week. The tech focused Nasdaq Composite (COMP:IND) has climbed 0.1%, the benchmark S&P 500 (SP500) trades near even, and the blue-chipContinue Reading
