Day: October 12, 2024
Federal Aviation Administration approves SpaceX Starship 5 flight
The Federal Aviation Administration approved a license on Saturday for the launch of SpaceX’s Starship 5 set for as early as Sunday. Reuters first reported earlier this week the faster than expected timetable after the FAA in September had said it did not expect a determination on a license before late November. The FAA said […]
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Former Scottish First Minister Alex Salmond, who sought Scotland’s independence, has died at age 69
Jeff J Mitchell, Getty Images Alex Salmond, the former first minister of Scotland who for decades championed Scotland’s independence from the U.K., has died. He was 69. U.K. Prime Minister Keir Starmer paid tribute to Salmond, calling him a “monumental figure” of both Scottish and British politics. “He leaves behind a lasting legacy,” Starmer said. […]
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U.S. FDA to reconsider decision barring compounded versions of Lilly weight loss drug
Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain. Cristina Arias | Cover | Getty Images The U.S. Food and Drug Administration on Friday agreed to reconsider a decision it made last month to bar drug compounders from selling their own versions of Eli Lilly’s blockbuster weight loss and diabetes drugs. The agency said […]
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Hyper-local vs. hyper-focused: Two China ETFs go on different paths
Two exchange-traded funds are looking for profits in China with two different strategies. While the Rayliant Quantamental China Equity ETF dives into specific regions, the newly launched Roundhill China Dragons ETF buys the country’s biggest stocks. “[It’s] focused just on nine companies, and these companies are the companies that we identified as having similar characteristics […]
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Harris’ doctor reports she’s in ‘excellent health,’ as her campaign looks to draw a contrast with Trump
Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Geoff Robins | Afp | Getty Images Vice President Kamala Harris is in “excellent health” and “possesses the physical and mental resiliency” required to serve as president, her doctor said in a letter released Saturday […]
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S&P 500 grinds higher to further record highs, finding little to fear in October
Going looking for ghosts in October isn’t a great way to see one, as it turns out. At least so far. The prevailing sense among investors and market handicappers entering the month was to expect choppy, irresolute action full of potential scares. As with most consensus beliefs, this one was plausible. This time of year […]
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Trump to move fast on tariffs, says Wall Street firm, citing clients who met with ex-trade chief
Robert Lighthizer, former US trade representative, speaks during an event with former US President Donald Trump, not pictured, at Precision Components Group in York, Pennsylvania, US, on Monday, Aug. 19, 2024. Graeme Sloan | Bloomberg | Getty Images Donald Trump’s longtime trade adviser is apparently telling Wall Street money managers that if the Republican presidential nominee is reelected, he […]
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This niche AI play is seeing business growth rates that are triple the pace of the data centers
As artificial intelligence fuels the boom in data center growth, investors are eyeing a new frontier: the companies keeping these digital powerhouses cool. nVent Electric , Vertiv and Modine Manufacturing have seen their stocks soar in 2024, buoyed by partnerships with tech giants investing billions in AI infrastructure. Despite the gains, Wall Street believes these […]
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How the Fed’s rate cutting cycle could hit crypto’s ‘systemically important’ stablecoin sector
Fed rate cuts are likely to help push bitcoin and other risk assets higher, but some stablecoin issuers could suffer a hit to their revenue. Stablecoins are now collectively the 18th largest holder of U.S. Treasurys, with more than $120 billion of them backing different coins, and Bernstein recently called them an increasingly “systemically important” […]
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Goldman Sachs says these stocks are a table-pounding buy ahead of earnings
Analysts at Goldman Sachs named a slate of stocks to snap up as earnings season gets underway. There are plenty of buy-rated companies heading into quarterly reports, according to the firm. Those names include LivaNova , Spotify Technology, TKO Group and ServiceNow. Spotify Technology “SPOT is the clear global audio platform leader,” wrote analyst Eric […]
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