Investors’ pessimism about the short-term outlook for the stock market decreased this week, as recent economic data stoked hopes of interest rate cuts. A total of 26.1% of respondents of the American Association of Individual Investors, or AAII Sentiment survey, said they think the market will trend down in theContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.56% with parliamentary election in focus. Investors will be closely watching how the Labour Party can gather a majority vote, to replace the Conservatives after 14 years. Germany (DAX:IND) +0.23% Germany June construction PMI 39.7 vs 38.5 prior; Germany May industrial orders -1.6% vsContinue Reading
duoogle H.C. Wainwright initiated coverage of Kyverna Therapeutics (NASDAQ:KYTX) with a neutral rating, stating that it was awaiting more data on the company’s cell therapy KYV-101 before becoming more positive on the stock. The investment bank noted that the company recently shared “lackluster” data on KYV-101 in the treatment ofContinue Reading
Wall Street’s benchmark S&P 500 (SP500) gauge on Wednesday scaled a new intraday all-time high, after fresh economic data supported a scenario where the Federal Reserve would be able to start easing monetary policy. Traders will see a truncated session ahead of the Independence Day holiday, with equity and bondContinue Reading
WANAN YOSSINGKUM/iStock via Getty Images China is leading other countries in generative AI inventions such as chatbots as it submitted six times more patents than the nearest competitor, the U.S., Reuters reported citing U.N. data. Patent filings related to Generative AI saw more than 50,000 applications submitted in the pastContinue Reading
manassanant pamai The au Jibun Bank Japan Services PMI was revised downward to 49.4 in June 2024 from flash data of 49.8, a reversal from 53.8 in May, also marking the first drop in services activity since August 2022 as all sub-sectors shrank except information & communication. New orders wereContinue Reading
Hailshadow/iStock via Getty Images Shares of Annovis Bio (NYSE:ANVS) more than doubled in value on Tuesday after the company said its lead asset, buntanetap, was found to be safe and effective in improving the physical and cognitive functions of patients with early Parkinson’s disease. Updating data from its Phase 3Continue Reading
Tel Aviv, Israel, July 2nd, 2024, Chainwire SendBlocks, a pioneering startup in blockchain data management, announced today that it is coming out of stealth mode with $8.2 million in seed funding led by Castle Island Ventures with several other institutional investors including Pitango, Illuminate Financial, Laser Digital (Nomura), Starkware andContinue Reading
Kevin Dietsch/Getty Images News U.S. Federal Reserve chair Jerome Powell at a European Central Bank (ECB) event on Tuesday said that the latest readings on American consumer prices were showing signs of resuming a disinflation path. The policy discussion is taking place at the Forum on Central Banking in Sintra,Continue Reading
Home improvement and building stocks were under pressure Monday after construction spending was unexpectedly soft in May, down 0.1% from a revised 0.3% increase the month prior. The data weighed on stocks in the category with Home Depot (NYSE:HD) and Lowe’s (LOW) down 2% and 3%, respectively at the closeContinue Reading
