Forex News
European Stocks Close On Bright Note On Strong Data, Rate Cut Hopes
European stocks closed on a bright note on Monday, lifted by optimism about interest rate cuts by the Federal Reserve and the European Central Bank in the foreseeable future, and data showing improvement in Eurozone investor confidence and an acceleration in private sector growth.
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4h 7min ago
Jobs Data Aided Dollar's Tumble Last Week
The week ended May 3 witnessed heavy losses for the Dollar as a weaker-than-expected job market update renewed hopes of a rate cut by the U.S. Federal Reserve.
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7h 15min ago
Medical Properties Stock Hit As Steward Health Files For Bankruptcy
Medical Properties Trust, Inc.'s shares were losing around 10 percent in the initial trading on the NYSE after its tenant Steward Health Care System, the largest physician-led hospital operator in the United States, announced its filing for bankruptcy protection.
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7h 16min ago
SEC Staff To Recommend The SEC To File Enforcement Action Against Robinhood Crypto
Robinhood Markets, Inc. (HOOD) revealed on Monday in an Form 8-K filing with the U.S. Securities and Exchange Commission that Robinhood Crypto LLC or RHC, received a "Wells Notice" from the Staff of the SEC stating that the Staff has advised RHC that it made a "preliminary determination" to recommend that the SEC file an enforcement action against RHC alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934, as amended.
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7h 24min ago
Warren Buffett's Berkshire Hathaway Cuts Stake In Apple
Warren Buffett's Berkshire Hathaway has trimmed a portion of its significant stake in tech giant Apple Inc., reportedly citing tax reasons. As per its first-quarter earnings report released over the weekend, Hathaway's Apple stock was worth $135.4 billion as of March 31, 2024. This is lower than the $174.3 billion worth Apple stock as of December 31, 2023.
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7h 35min ago
Cohen & Co. Swings To Net Profit In Q1; Revenues Soar
Financial services company Cohen & Co. Inc. (COHN) reported Monday net income attributable to Company for the first quarter of $2.02 million or $1.28 per share, compared to a net loss of $2.64 million or $1.77 per share in the prior-year quarter.
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7h 56min ago
Eurozone Private Sector Growth Accelerates In April
The euro area private sector growth accelerated to an 11-month high in April driven by the service sector, final survey results from S&P Global showed on Monday. The HCOB composite output index rose to 51.7 in April from 50.3 in the previous month. The flash estimate was 51.4.
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8h 7min ago
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TC BioPharm Inks LOI To Acquire Privately-held CAR-T Therapy Innovator
Biotechnology company TC BioPharm (Holdings) plc (TCBP) announced Monday the execution of a non-binding letter of intent to acquire a privately-held biotechnology company pursuing the development of innovative Chimeric Antigen Receptor T-cell (CAR-T) therapies for the treatment of refractory cancers and solid tumors.
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8h 28min ago
BioAtla Says FDA Clears IND Application For BA3361 For The Treatment Of Multiple Tumors
Biotechnology company BioAtla, Inc. (BCAB) announced Monday that the U.S. Food and Drug Administration (FDA) has cleared its investigational new drug (IND) application to evaluate BA3361 (CAB-Nectin-4) antibody drug conjugate (ADC) for the treatment of multiple tumor types.
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8h 51min ago
Bristol Myers Says Type II Variation Application For Opdivo + Yervoy Granted EMA Validation
Bristol Myers Squibb Co. (BMY) announced Monday that the European Medicines Agency (EMA) has validated its Type II variation application for Opdivo (nivolumab) plus Yervoy (ipilimumab) for the first-line treatment of adult patients with microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR) metastatic colorectal cancer (mCRC).
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9h 7min ago
Bay Street Likely To Open On Firm Note
Higher Canadian and U.S. futures, and rising crude oil and bullion prices point to a positive start on Bay Street Monday morning. Optimism about rate cuts by the Fed and several central banks in Europe is also expected to aid market's rise.
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9h 11min ago
Healthcare Realty Inks Strategic JV Relationship Deal With KKR
Healthcare Realty Trust Inc. (HR) announced Monday that it has entered into a strategic joint venture (JV) relationship with KKR & Co. Inc.(KKR) to jointly own and invest in quality medical outpatient buildings.
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9h 23min ago
BioNTech Slips To Loss In Q1
Immunotherapy company Biopharmaceutical New Technologies or BioNTech SE (BNTX) reported Monday a net loss of 315.1 million euros or 1.31 euros per share for the first quarter, compared to net profit of 502.2 million euros or 2.05 euros per share in the prior-year quarter.
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10h 13min ago
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