Tara Schulz The U.S. Pending Home Sales Index dropped by 2.10% in May from -7.70% in April 2024. Midwest and South posting monthly losses in transactions, while the Northeast and West recorded gains. On a year-over-year basis, contract signings dropped 6.6%, all U.S. regions registered reductions year-over-year. “The market isContinue Reading
JHVEPhoto The U.S. Food and Drug Administration (FDA) has declined to approve an antibody-drug conjugate known as HER3-DXd developed by Merck (NYSE:MRK) and Daiichi Sankyo (OTCPK:DSKYF) as a late-line option for a certain type of lung cancer. The companies announced Thursday night that the agency issued a so-called complete responseContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures eked out small gains Wednesday despite a bearish U.S. inventories report that included surprisingly large crude and gasoline stock builds. The U.S. Energy Information Administration said domestic crude stocks increased by 3.6M barrels last week, compared to expectations for a drawdown. Analysts viewedContinue Reading
Tunatura As additional states in the U.S. legalize marijuana for recreational purposes, a new report from the United Nations finds that hospitalizations for cannabis-use disorders are growing in the country. In addition, among those who use cannabis regularly, psychiatric disorders, including suicidal ideation and attempted suicide, are on the rise,Continue Reading
Sunshine Seeds/iStock via Getty Images Sibanye Stillwater (NYSE:SBSW) would be forced to shutter its Montana palladium mine if prices fail to rebound soon, CEO Neal Froneman said Wednesday, according to Bloomberg. “The future of Stillwater remains in the balance,” the CEO said when asked at a London conference about theContinue Reading
Igor-Kardasov/iStock via Getty Images Research firm Canalys said on Tuesday that the forecast for the U.S. PC market is strong throughout the rest of the year and is projected to be even stronger in 2025, with shipments expected to grow 5% in 2024 and a further 8% in 2025. WithContinue Reading
Volkswagen (OTCPK:VWAGY) (OTCPK:VWAPY) is recalling over 271,000 vehicles in the U.S. over a wiring fault that may deactivate the front passenger airbag when the seat is occupied, the U.S. National Highway Traffic Safety Administration (NHTSA) said. “The passenger occupant detection system (PODS) may experience a fault in the wiring andContinue Reading
da-kuk/E+ via Getty Images Wheat futures fell on Wednesday due to expectations of increased supply from the United States, while gold prices ticked lower as the U.S. dollar held firm, heaping pressure on the nonyielding asset amid hawkish remarks from Federal Reserve officials. The USDA released its 13th Crop ProgressContinue 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
straga/iStock via Getty Images U.S. natural gas futures surrendered part of the previous session’s gains on Tuesday, while spot natural gas prices in Texas fell below zero for the first time since May. The forecast for the next two weeks “remains rather hot and with a bullish lean most days,”Continue Reading
