The anti-obesity drug market is expected to reach $100 billion by 2030, with Eli Lilly and Novo Nordisk leading the way, but Pfizer, AstraZeneca, and Roche are also working on weight-loss treatments that could compete in the future.
Former President Donald Trump argues for absolute immunity from prosecution related to his attempts to overturn the 2020 election, claiming he was acting within his official duties. Prime Minister Justin Trudeau plans a family vacation in Jamaica, Anthony Scaramucci claims that Trump's rhetoric is a "total dog whistle," and the Supreme Court rejects an immediate ruling on Trump's immunity. Iran summons the Russian envoy over a joint statement challenging its claim to disputed islands, and Rep. Dean Phillips argues that there is no evidence Biden can beat Trump in the 2024 election.
The number of Americans filing for unemployment benefits slightly increased but remained historically low, indicating a resilient job market despite high interest rates aimed at slowing down hiring and cooling the economy.
The housing market is showing signs of thawing as mortgage rates fall and new listings and consultations with real estate agents increase, leading economists to predict a rise in sales in the new year.
The biggest pre-market stock movers on Thursday include Infrared Cameras (MSAI) stock rising over 141% and Brenmiller Energy (BNRG) stock crashing over 59%.
US stocks rebounded after a major sell-off, with the S&P 500, Dow Jones, and Nasdaq all showing gains, while bond yields fell and stock futures pointed to a rebound following Wall Street's biggest sell-off in months.
2024 is expected to be a better year for homebuyers, as high interest rates and low inventory in 2023 made it frustrating for buyers and sellers, but the promise of falling rates and renewed optimism may lead to increased activity in the real estate market.
Analysts and economists failed to accurately predict the economic performance in 2023, as they missed the economic rally, underestimated GDP growth, misjudged the resilience of the labor market and pent-up demand, and were too optimistic about inflation and interest rates, as well as falling short on stock market predictions.
The U.S. economy experienced high inflation following the pandemic, but recent data suggests that the rate-hike cycle may end and that rate cuts could stimulate economic growth and benefit the stock market, with historical data supporting the assumption that the S&P 500 could move higher in 2024. Investors should prioritize a long-term buy-and-hold strategy when considering potential returns.
JPMorgan Chase and Microsoft are two stocks that could be smart buys in the event of a market crash, given their strong financial positions, resilience, and potential for recovery.
Diamond Hill Capital's "Long-Short Fund" outperformed the Russell 1000 Index and the blended benchmark in Q3 2023, with Alphabet Inc. among its top contributors due to the strong performance of its advertising and cloud businesses.
Weak growth in gas and power demand, coupled with strong renewable generation, is predicted to offset the impact of the loss of Russian gas supply.
CRISPR Therapeutics and Pfizer have had different trajectories in 2023, with CRISPR Therapeutics experiencing success and Pfizer facing challenges. CRISPR Therapeutics has gained momentum with the approval of its first product and potential for growth in the gene-editing market. On the other hand, Pfizer has struggled due to declining sales of its COVID-19 vaccine. The better pick in a new bull market depends on the investor's style, with income and value investors favoring Pfizer and growth investors leaning towards CRISPR Therapeutics.
CRISPR Therapeutics is positioned for growth as it receives regulatory approval for its gene-editing therapy and develops other potential products, making it a top pick in a bull market, while Pfizer's declining sales and profits make it a cheaper option with potential for a rebound in the long term.
Microsoft, Nvidia, and Tesla have seen significant growth this year due to the artificial intelligence revolution, with some top investors holding onto these stocks while others cashed out.
World shares mostly fell following disappointing corporate profit reports and warnings, with Wall Street hitting the brakes on its big rally, while concerns over safety testing issues at Toyota and a recall of vehicles further weighed on the market.
Asian shares fall following disappointing corporate profit reports and warnings of market overvaluation, while U.S. futures rise and oil prices dip.
The S&P 500 has started to see a broadening market uptrend, and five leading stocks to buy and watch are Caterpillar, Berkshire Hathaway, Netflix, Alphabet, and Dexcom.
The global intimate wear market is projected to grow from USD 88.56 billion in 2022 to USD 152.71 billion by 2032, driven by increased sales through e-commerce platforms and a shift towards inclusivity in body shapes and sizes, as well as the growing demand for lingerie for special occasions. The North America region is expected to experience the highest growth, particularly in the bra segment, while the male segment is also anticipated to grow significantly. Online sales are projected to dominate the distribution channel, with the rise of e-commerce revolutionizing the market. However, the industry faces challenges from supply chain disruptions. Major players in the market include Victoria's Secret, Zivame, Triumph International, and Calvin Klein.
The US has set a new record by exporting 3.99 million barrels per day of crude oil in the first half of 2023, up 19% from the previous year, as booming production erodes OPEC's dominance in global crude markets.
Chinese electric vehicle makers dominate global markets with over 130,000 BEVs sold abroad in Q3 2023, holding 58% of the global BEV market.
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Concerns about a banking crisis and property market risks have led to global funds remaining uninterested in Chinese stocks, with most investors preferring to stay out and wait for opportunities elsewhere.
Enbridge (ENB) closed at $35.35, down 1.59% from the previous day, and is projected to report year-over-year earnings growth of 10.87% in its upcoming earnings report, according to Zacks Investment Research.
The eco-tourism market is projected to grow from USD 193.62 billion to USD 882.53 billion in 10 years, driven by factors such as increased disposable incomes, government conservation laws, rising environmental consciousness, and technological advancements.
Memory-chip maker Micron Technology surpasses expectations for its fiscal first quarter and provides upbeat guidance for the current quarter, leading to a rise in its stock price, amid improved supply and demand balance and better pricing.
Shares of Apple Inc. fell 1.07% on a dismal trading day, failing to reach its 52-week high and underperforming compared to some competitors.
US stocks slipped on Wednesday, with the Dow Jones, Nasdaq Composite, and S&P 500 all falling about 1.5%, marking the S&P's worst single-day performance since October and breaking a nine-day winning streak for the Nasdaq and Dow Jones, amid a record-setting rally pause and concerns about the US economy heading into a downturn.
Stocks rally early in the day before plummeting in the afternoon, with the Dow Jones Industrial Average and the Nasdaq Composite ending their winning streaks, as market participants take profits following a period of strong gains fueled by optimism about easing inflation and potential interest rate cuts by the Federal Reserve.
The stock market experienced a sudden drop with the S&P 500 falling almost 1.5% and the Dow losing nearly 500 points, but this volatility is typical during the last weeks of the year when trading volume is low.
Despite a modest decrease in interest rates, housing prices are predicted to remain relatively stable in 2024, making it difficult for first-time homebuyers to find affordable options in the current market.
The majority of S&P 500 sectors reached 52-week highs simultaneously, which is fairly uncommon and indicates a broadening rally in the US stock market.
US stocks slipped as the record-setting rally took a breather after a string of gains over the past week, with the Dow Jones, S&P 500, and Nasdaq Composite all falling over 1%, and investors shrugging off hawkish comments from Federal Reserve officials.
The US Dollar rose on Wednesday as US economic data exceeded expectations, while Wall Street's positive streak came to a halt and Treasury yields dropped to their lowest level since July.
The stock market rebounded in 2023, with the S&P 500 experiencing a year-to-date increase of over 23%, led by a stabilizing economy and the rise of artificial intelligence. However, caution is advised with stocks like IonQ, Nvidia, and Marathon Digital Holdings, which have seen significant gains and trade at high valuation ratios, as any misstep could result in drastic price drops.
The stock market rebound in 2023 has led to significant gains in stocks like IonQ, Nvidia, and Marathon Digital Holdings, but their overvaluation and potential risks make it advisable to wait for a price correction before considering investment.
A San Jose tech building at 10 West Tasman Drive has fallen into default on its $29 million mortgage loan, highlighting the economic challenges faced by the Bay Area office market in the wake of the COVID-19 pandemic.
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The CEO of Howard Hughes predicts that the housing market will experience a "golden age" of home construction in 2024 due to falling mortgage rates, while the existing home market will remain stagnant.
Crude-oil prices rise due to ongoing tensions in the Red Sea despite an increase in oil, gasoline, and diesel supplies.
US economist Harry Dent predicts that 2024 will bring the biggest crash in our lifetimes, with an 86% nosedive for the S&P 500 and a 92% crash for the NASDAQ, urging investors to consider getting out of the market and seeking safety in Treasury bonds.
The Seattle Christmas Market, inspired by a similar market in Vancouver, has become a popular holiday tradition in Seattle, attracting thousands of visitors daily and offering a variety of vendors and international influences.
During the bull market of 2023, the "Magnificent Seven" tech stocks have dominated financial media coverage, but the Buffalo Mid Cap Fund has listed seven other "quality" tech-related stocks that investors may want to consider for exposure.
Despite predictions of mass layoffs, the US labor market continued to grow due to increased consumer spending and demand for workers, defying expectations of an economic downturn.
China made a massive purchase of 60 million bushels of wheat in late 2023, which is expected to improve prospects for U.S. wheat exports and alleviate downward pressure on prices.
US existing home sales rose 0.8% in November, though inflated prices and high mortgage rates may still discourage prospective buyers from making a purchase.
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The S&P 500 is predicted to drop 20% before summer due to a recession, but will rebound to reach a record high by the end of 2024 with the help of rate cuts, according to Marko Papic.
Artificial intelligence is driving a bull market in stocks, with increased productivity and tailwinds from AI likely to sustain the market for the next decade, according to Main Street Research's CIO, James Demmert. However, some market commentators have warned of a speculative bubble forming in the AI space.