Month: October 2024
Appeals court greenlights betting on congressional elections
The U.S. Capitol building is seen bellow a stormy sky on July 22, 2024 in Washington, DC. Samuel Corum | Getty Images A federal appeals court in Washington, D.C., cleared the way Wednesday for Americans to bet on the outcome of the 2024 congressional elections. The appeals court in a decision rejected an effort by […]
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China stock ETFs rip higher even as mainland markets close for holiday
People walk on a pedestrian bridge displaying the Shanghai and Shenzhen stock indexes on January 02, 2024 in Shanghai, China. Hugo Hu | Getty Images Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday. Several popular China ETFs in the U.S. — […]
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Tesla stock slips after it reports 462,890 total deliveries during the third quarter
A worker unloads a new Tesla Model 3 from a truck at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. Bloomberg | Bloomberg | Getty Images Tesla posted its third-quarter vehicle production and deliveries report on Wednesday. The stock fell about 3.5% in premarket trading after the report. Here are the […]
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Stellantis U.S. auto sales extend freefall in third quarter
Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images DETROIT — Stellantis U.S. new vehicle sales continued a yearslong freefall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. The Transatlantic carmaker reported U.S. sales Tuesday of […]
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Michael Jordan’s 23XI Racing team sues NASCAR and CEO Jim France
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing looks on during the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on August 18, 2024 in Brooklyn, Michigan. Logan Riely | Getty Images Michael Jordan’s NASCAR team, 23XI Racing, and fellow team Front Row Motorsports filed an antitrust lawsuit against NASCAR […]
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Recursion gets FDA approval to begin phase 1 trials of AI-discovered cancer treatment
Source: Recursion Pharmaceuticals AI drug pioneer Recursion Pharmaceuticals said Wednesday that one of its experimental treatments hit a key milestone. Recursion was able to use its artificial intelligence-enabled drug discovery platform to identify an area of biology to target for the treatment of solid tumors and lymphoma, match it with a drug candidate and move […]
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Stocks making the biggest moves premarket: Humana, Nike, JD.com and more
Check out the companies making headlines before the bell. Humana – Shares plunged more than 22% after the healthcare company announced dire preliminary Medicare Advantage data for 2025. The company said in an 8-K filing that 25% of its members are currently enrolled in plans rated 4 stars and above for next year, which is […]
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As Netanyahu vows Iran payback, markets watch for dangers of further escalation
Israel’s Iron Dome anti-missile system intercepts rockets, as seen from Ashkelon, Israel, October 1, 2024 Amir Cohen | Reuters Israel’s government has vowed a severe response to Iran’s unprecedented missile barrage into Tel Aviv, leaving the Middle East on edge as fears rise over a possible all-out war between the two long-time foes. On Tuesday […]
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Eli Lilly to build $4.5 billion research and manufacturing center to propel drug pipeline
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly will spend $4.5 billion to build a center aimed at finding better ways to manufacture its medicines. The facility, called the Lilly Medicine Foundry, will house development of […]
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Red hot refinance demand retreats after tiny bump higher in mortgage rates
Skynesher | E+ | Getty Images Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red hot refinance market. That caused total mortgage application volume to fall 1.3% for the week, according to the Mortgage Bankers Association’s seasonally adjusted […]
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