Author: Press Room
© Reuters. A man looks at an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan June 14, 2023. REUTERS/Kim Kyung-Hoon/File Photo By Kevin Buckland TOKYO (Reuters) – 225 share average will continue its more-than-28% rally this year into 2024 to reach a three-decade high of 35,000 by end-June, according to analyst estimates in a Reuters poll. All respondents forecast continued earnings growth, despite many also expecting the tailwinds from a weaker yen starting to dissipate with the Bank of Japan approaching the end of super-accomodative stimulus and the Federal Reserve tightening cycle peaking out. The…
© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. REUTERS/Brendan McDermid/File Photo By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s three major stock averages closed higher on Monday with Nasdaq’s 1% rally leading the charge as heavyweight Microsoft (NASDAQ:) hit a record high after it hired prominent artificial intelligence executives. The Nasdaq boasted its highest closing level since July 31 while the registered its highest close since Aug. 1. The S&P 500’s information technology sub-index ended up 1.5% and was the top gainer…
Bet_Noire/iStock via Getty Images MorphoSys (NASDAQ:MOR) stock tumbled 24% in after-hours trading Monday after the company reported results from a Phase 3 study for its drug pelabresib in the treatment of myelofibrosis, a rare blood cancer. The German biotech company tested pelabresib in combination with the JAK inhibitor ruxolitinib versus ruxolitinib plus placebo in JAK-inhibitor naïve patients. The results showed that 66% of patients achieved at least a 35% reduction in spleen volume at week 24, versus 35% receiving ruxolinitib and placebo. The biotech added that key secondary endpoints evaluating symptom improvement also showed a “strong positive trend” for the…
Chris Sununu: Trump can’t win in 2024 Gov. Chris Sununu, R-N.H., shares details on when he will officially endorse a 2024 GOP presidential candidate and reacts to the third Republican debate on ‘Your World.’ HOOKSETT, N.H. – Republican Gov. Chris Sununu’s the busiest politician on the presidential campaign trail in the crucial primary state of New Hampshire this week, and he’s not even running for the White House.Sununu teamed up on Monday afternoon with former ambassador to the United Nations and former South Carolina Gov. Nikki Haley at a town hall in Hooksett.On Monday evening, he’ll join former New Jersey…
Trump posted a doctor’s note on Truth Social saying he’s in “excellent” overall health.The note said Trump lost weight by dieting and exercising and praised his cognitive exam results.The doctor didn’t mention specific mental or physical screenings conducted on the former president. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Donald Trump on Monday posted a doctor’s note on Truth Social praising his recent weight loss and declaring the former president to be in “excellent” overall health.The note, written by New Jersey family physician Bruce…
Like most financial planners who don’t depend on selling whole life insurance, I’ve often seen whole life insurance policies in a dim light. This is because for much of career as a financial planner I have had more clients count on me to help them unravel their whole life policies rather than purchase one. That being said there have been cases where I felt like the whole life decision was a reasonable choice amongst other choices. While I still think most people are better off buying term insurance, I’ve come to the conclusion that whole life insurance can be a…
Tech giants lead Wall Street higher
© Reuters. Small toy figures are seen in front of Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Samrhitha A (Reuters) -Zoom Video Communications raised its annual revenue and profit forecasts on Monday, as hybrid work trends and the integration of artificial intelligence technology into its products boosted demand. Platforms including Zoom (NASDAQ:), Microsoft (NASDAQ:)’s Teams and Cisco (NASDAQ:)’s Webex became household names during the COVID lockdowns and have enjoyed resilient demand as many businesses shifted to hybrid work models. Zoom now expects annual adjusted profit per share between $4.93 and $4.95, higher than…
© Reuters. Tesla, X (formerly known as Twitter) and SpaceX’s CEO Elon Musk speaks with members of the media during the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS/File Photo (Reuters) -Elon Musk threatened on Saturday to sue media watchdog Media Matters and those who attacked his social media platform X, following moves by several large U.S. companies to halt advertising on the site after being promoted alongside antisemitic content. Musk and X have been under a microscope all week for antisemitic and racist content that has proliferated on the site…
ismagilov/iStock via Getty Images The U.S. Securities and Exchange Commission on Monday charged cryptocurrency exchange Kraken for allegedly commingling customer money with its own while operating as an unregistered securities exchange, broker, dealer, and clearing agency. The regulator’s complaint accused San Francisco-based Kraken of making hundreds of millions of dollars unlawfully facilitating the trading of crypto asset securities since at least September 2018. That decision resulted in a business model rife with conflicts of interest that placed investors’ funds at risk,” Gurbir S. Grewal, director of the SEC’s Division of Enforcement, said in a statement. The suit echoes the SEC’s…