Bitcoin and other cryptocurrencies experienced a significant surge in value on Friday following a favorable outcome in a high-profile legal case involving Ripple and the Securities and Exchange Commission (SEC). Within the last 24 hours, the price of Bitcoin has increased by 2% to reach $31,200, breaking free from its stagnant trading range of $30,000 to $31,000 that had … [Read more...] about Bitcoin and Cryptocurrencies Surge After Legal Victory
Forex News
AT&T Stock Downgraded on Concerns Over Wireless Growth and Potential Liability
J.P. Morgan analyst Philip Cusick has downgraded AT&T (ticker: T) from Overweight to Neutral, citing concerns about the company's wireless growth and potential liability for lead-sheathed cables. Cusick also lowered his price target for the stock from $22 to $17. AT&T's stock experienced a 4.1% drop to $14.49 in midday trading, bringing it to its lowest point since May … [Read more...] about AT&T Stock Downgraded on Concerns Over Wireless Growth and Potential Liability
Theseus Pharmaceuticals Terminates Development of THE-630
Shares of Theseus Pharmaceuticals took a significant hit on Friday following the company's announcement that it would be discontinuing the development of THE-630 for patients with gastrointestinal stromal tumors. The decision to terminate development came after the company discovered two dose-limiting toxicities associated with hand-foot skin reaction. As a result, Theseus … [Read more...] about Theseus Pharmaceuticals Terminates Development of THE-630
Telecommunications Industry Faces Turbulence as Nokia and Ericsson Issue Stark Warnings
The telecommunications industry supply chain is experiencing a significant downturn as Nokia and Ericsson recently issued pessimistic forecasts regarding carrier spending, particularly in the United States. Nokia's Sales Outlook Cut Amidst Weakening Demand Nokia (ticker: NOK) has slashed its sales outlook, attributing it to deteriorating demand in the second half of the year. … [Read more...] about Telecommunications Industry Faces Turbulence as Nokia and Ericsson Issue Stark Warnings
TELUS International (Cda) Faces Steep Decline in Shares
TELUS International (Cda) experienced a significant drop in shares on Friday morning, following a downward revision of its parent company's outlook for the full year. The weak performance of its Telus International unit led to this unfavorable development. As of 9:35 a.m. ET, shares in Toronto were down nearly 29% at 13.76 Canadian dollars ($10.49), while the stock in New York … [Read more...] about TELUS International (Cda) Faces Steep Decline in Shares
