Traders and investors watched Wall Street’s major market averages conclude in a more muted fashion on Thursday after markets received a slew of economic data in the early part of the day. The tech focused Nasdaq Composite (COMP.IND) ended higher by 0.3% and closed out at 17,858.68. At the sameContinue Reading
MicroStockHub X4 Pharmaceuticals (NASDAQ:XFOR) traded sharply lower on Thursday after the biotech updated data from an ongoing Phase 2 trial for its lead candidate mavorixafor in chronic neutropenia (CN), a rare blood disorder. Citing a May 24 data cut, the Boston, Massachusetts-based biotech said mavorixafor, which X4 (XFOR) markets asContinue Reading
This post is a follow-up to Generative AI and multi-modal agents in AWS: The key to unlocking new value in financial markets. This blog is part of the series, Generative AI and AI/ML in Capital Markets and Financial Services. Financial analysts and research analysts in capital markets distill business insightsContinue Reading
BTIG has raised its price target for crypto miner Core Scientific Inc (NASDAQ:) to $15 from $10, citing new data center contracts and growth potential in the mining sector. BTIG’s BTC mining basket, comprising 14 companies, has an aggregate hash rate of about 138 EH, which represents 23% of theContinue Reading
Md Saiful Islam Khan/iStock via Getty Images Annexon (NASDAQ:ANNX) shares traded higher on Wednesday after the company released additional data from its completed pivotal Phase 3 trial for its lead asset, ANX005, against the neurological disorder Guillain-Barré syndrome (GBS). Early this month, citing topline results from the study, the Brisbane,Continue Reading
Apu Gomes/Getty Images News The Internal Revenue Service has apologized to Ken Griffin, billionaire CEO of hedge fund Citadel, as well as thousands of other wealthy Americans whose personal tax information was leaked to the press by a former IRS contractor. Charles Littlejohn, who is serving a five-year prison sentence,Continue Reading
loveguli Asia-Pacific equity markets were mixed on Wednesday as investors shrugged off an unexpectedly high inflation rate in Australia, while the yen continued to thread near 160 per dollar, which previously prompted Japanese authorities to intervene in the currency markets. Japan (NKY:IND) +1.26%. Domestic shares also continued to benefit fromContinue Reading
Pgiam/iStock via Getty Images Oppenheimer downgraded respiratory device maker ResMed (NYSE:RMD) to Perform from Outperform on Tuesday, citing an “air pocket” for the stock in the wake of encouraging data for Eli Lilly’s (NYSE:LLY) weight loss therapy tirzepatide in obstructive sleep apnea (OSA). The maker of CPAP (continuous positive airwayContinue Reading
DKosig The U.S. government is probing China Mobile, China Telecom (OTCPK:CHJHF) and China Unicom (OTCPK:CHUFF) over concerns that the companies could exploit access to U.S. data via their American cloud and internet businesses by providing it to China, Reuters reported, citing people familiar with the matter. Commerce Department’s authorities areContinue Reading
Nikada Asia-Pacific equity markets mostly rise on Tuesday, as caution dominated sentiment ahead of key US inflation data and the first US presidential debate between Joe Biden and Donald Trump this week. Japan (NKY:IND) +0.95%. The Japanese yen steadied around 159.3 per dollar after threatening to breach the 160 levelContinue Reading
