Day: December 30, 2024
Australia market opens lower as investors in Asia await China manufacturing data
A worker assembling a loader transmission mechanism at a manufacturer in Qingzhou, China. Nurphoto | Nurphoto | Getty Images Australia market opened lower on the last trading day of the year, while investors in Asia awaited manufacturing data from China. Australia’s S&P/ASX 200 traded 0.56% lower on a shortened trading day. Japan and South Korea’s […]
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Want to invest in weight loss drugs? Here’s where UBS thinks they’re headed in 2025
The biopharma sector has been hotly watched among investors over the past two years amid a boost to the industry by the growing popularity of the glucagon-like peptide-1 (GLP-1) drugs used in weight loss treatments. Looking ahead into 2025, however, UBS foresees that the sector “will find it difficult to outperform against a more uncertain […]
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Jeju Air plane crash raises questions about concrete wall at the end of the runway
The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024. Kim Hong-ji | Reuters Aviation experts are questioning the role of an airport design that positioned a mound of dirt and a concrete wall past the end of a […]
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U.S. files complaint against fintech app Dave and its CEO
Jason Wilk, chief executive officer of Dave, during TechCrunch Disrupt in San Francisco, California, US, on Monday, Oct. 28, 2024. David Paul Morris | Bloomberg | Getty Images The U.S. Justice Department filed a complaint and announced a civil enforcement action on Monday against financial technology company Dave Inc and its CEO Jason Wilk for […]
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The stock that won 2024
If it were a competition, there’s one company that would easily take the trophy for 2024’s stock market champion. Excitement around artificial intelligence and its use cases pushed shares of the once little-known software stock Palantir Technologies to its best year on record since debuting on the stock exchange in 2020. PLTR YTD mountain Shares […]
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U.S. Treasury says Chinese hackers stole documents in ‘major incident’
The exterior of the U.S. Department of Treasury building is seen as they joined other government financial institutions to bail out Silicon Valley Bank’s account holders after it collapsed on March 13, 2023 in Washington, DC. Chip Somodevilla | Getty Images Chinese state-sponsored hackers broke into the U.S. Treasury Department earlier this month and stole […]
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Last Madoff victim fund payout brings recovery to nearly 94% of Ponzi scheme losses, DOJ says
Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City. Madoff attended a hearing regarding the conflicting status of his legal representation in his multi-billion dollar fraud allegations. Chris Hondros | Getty Images The 10th and final distribution from a fund for victims of the late Ponzi scheme king Bernie Madoff […]
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5 stocks that hedge funds and big investors are long heading into 2025
A hand of high-conviction stock picks from hedge funds and notable investors could be primed to trounce the market in the new year. The financial sector has gained newfound love in the hedge fund community since the election of former President Donald Trump. Professional traders raised their exposure to financial stocks to the largest overweight […]
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MicroStrategy falls as much as 6% after latest bitcoin purchase: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, William Quigley, […]
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BMO’s top internet stock picks for 2025 include Amazon, this video game maker
The new year could be another strong one for internet stocks, and BMO Capital Markets picked its favorites for investors looking to capitalize. Analyst Brian Pitz highlighted Amazon as the firm’s top pick for 2025 and named Netflix , Trade Desk and Google parent Alphabet as other well-positioned names in the internet and interactive entertainment […]
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