Rate cuts are on the horizon, and it’s the moment biotech companies and their investors have been eagerly anticipating. Biotech stocks have struggled to deliver the kind of returns typically associated with the “tech” in their name. The SPDR S&P Biotech ETF (XBI) has only achieved a 4.6% annualised return over the past five years, […]
Biotech stocks poised for a comeback as interest rates fall Read More »
The U.S. oil industry and Republican leaders are pressuring Kamala Harris to clarify her stance on energy and climate policy as she navigates the delicate balance of appealing to her progressive base without alienating voters in key swing states like Pennsylvania, a major hub for shale production. On Thursday, the Vice President announced that she
Kamala Harris faces scrutiny over energy stance amid swing state battles Read More »
Gallium, a critical component in smartphones, radar systems, and numerous other technologies, plays a far more significant role than its modest price might suggest. Despite being sold for just pennies above production costs, many non-Asian producers exited the market in the late 2000s when China ramped up its production capacity. Today, China dominates 98% of
The race to secure gallium Read More »
A month ago, markets were caught off guard by the fallout of a Japanese interest rate hike that sent shockwaves through the financial world, triggering a massive unwinding of the yen carry trade. The Tokyo stock market plunged 12% on that Monday, at one point dropping by a staggering 17%. Other markets followed suit, and
Markets rebound after Yen carry trade crisis Read More »
US stocks surged on Friday, with the Dow Jones Industrial Average hitting a new record high as investors closed out a turbulent month on a positive note. Traders were also digesting key inflation data closely monitored by the Federal Reserve. The Dow climbed 228.03 points, or 0.55 per cent, to finish at 41,563.08. The blue-chip
US stocks rally as inflation data meets expectations Read More »
