Stock Market Update With U.S. stock markets set to open in two hours, here is a brief overview of pre-market trading: Discover Financial Services (DFS) was up 14.9% GlobalFoundries Inc. (GFS) was up 7.3% Immunovant Inc. (IMVT), AngloGold Ashanti PLC (AU), and Bausch + Lomb Corp. (BLCO) were all posting gains of at least 5% Host Hotels & Resorts Inc. (HST) fell 8.6% Globe … [Read more...] about Stock Market Update
Forex News
Tuesday Market Update: Oil Prices Drop
Crude oil and refined product futures contracts saw a sharp decline at midday on Tuesday following the closure of the market on Monday for the U.S. Presidents Day holiday. Oil Contracts Oil contracts experienced a significant drop, with prices down by more than $1 per barrel as of noon ET. The spotlight was on the NYMEX April West Texas Intermediate crude contract, which was … [Read more...] about Tuesday Market Update: Oil Prices Drop
Iovance Biotherapeutics FDA Approval
Shares of Iovance Biotherapeutics surged following the announcement of accelerated approval from the U.S. Food and Drug Administration for its groundbreaking metastatic melanoma treatment. Significant Stock Surge With a remarkable 41% increase on Tuesday, Iovance's stock reached $12.86, marking its most substantial growth since June 3, 2016, when it saw a surge of 43%, as … [Read more...] about Iovance Biotherapeutics FDA Approval
Antitrust Challenges for Capital One’s Discover Financial Acquisition
Capital One has recently made headlines with its plans to acquire Discover Financial in a massive $35 billion, all-stock deal. This significant move would position the financial powerhouse in direct competition with payment giants Visa and Mastercard. However, the road ahead is far from smooth, as antitrust regulators are expected to closely scrutinize the merger. Regulatory … [Read more...] about Antitrust Challenges for Capital One’s Discover Financial Acquisition
Potential Fed Rate Hike Impact
It has been a gradual process, taking months for traders to comprehend the once-unthinkable notion of potentially no rate cuts in 2024. Now, the tables have turned as they entertain the possibility of another hike by the U.S. central bank. Shifting Perspectives The realization dawned following last week's consumer-price index for January surpassing expectations. Subsequently, … [Read more...] about Potential Fed Rate Hike Impact
