• Dec 17, 2024

Equities Fall Intraday as Markets Weigh Macro Data

US benchmark equity indexes were lower intraday as the Federal Reserve kicked off its two-day moneta

• Dec 17, 2024

Housing market outlook: 14 forecasts for mortgage rates in 2025

‘ResiClub’ compiled both public and private mortgage rate forecasts for the end of 2025. Here’s where they predict rates will go.

• Dec 17, 2024

Developer Of EpiPen Alternative Aquestive Stock Undervalued Despite Strong Clinical Data, Analyst Sees Huge Upside

Cantor initiated coverage on Aquestive Therapeutics, Inc. (NASDAQ:AQST), a pharmaceutical company with five commercialized products. The company also collaborates with pharmaceutical companies to bring new molecules to market using its technologies, like PharmFilm. Aquestive is advancing a late-stage proprietary product candidate for severe allergic reactions, including anaphylaxis, and an earlier-stage epinephrine prodrug topical gel for various dermatology conditions. Cantor highlights that th

• Dec 17, 2024

Next U.S. Senate Banking Chair Calls Crypto 'Next Wonder' of World

Senator Tim Scott said the Senate will tackle crypto bills, and the incoming chair of the House Financial Services Committee said he hopes to pass them in 2025.

• Dec 17, 2024

Top Stock Movers Now: Amentum Holdings, Humana, Nvidia, and More

U.S. equities were lower in early afternoon trading, with the Dow Jones Industrial Average losing streak continuing and the Nasdaq falling from its record high yesterday.

• Dec 17, 2024

Bitcoin could surge to $200,000 in mid-2025: Bitfinex analysts

The world's leading cryptocurrency is poised for sustained growth in 2025, analysts forecast.

• Dec 17, 2024

Amentum Stock Drops on Expected Winding Down of Government Programs

Amentum Holdings swung to a fourth-quarter profit but shares sank Tuesday when executives said in the company's earnings call that they see fiscal 2025 growth being affected by an expected winding down of certain government programs.

• Dec 17, 2024

International, domestic insurers push into catastrophe-hit US property markets

LONDON (Reuters) -International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out. This has left greater room for non-domestic players like Hiscox and Munich Re to enter the fray, industry sources say. Recent large U.S. hurricanes Helene and Milton have added to concern about property losses.

• Dec 17, 2024

MicroStrategy's Nasdaq-100 entry attracts nearly $11 million of retail inflows

Retail investors poured nearly $11 million into MicroStrategy's shares on Monday, almost three times their average daily inflows this year, after the biggest corporate holder of bitcoin secured a spot in the Nasdaq-100 index. The data, compiled by Vanda Research on Tuesday, highlights the bitcoin bull's growing popularity among individual investors after its stock notched an eye-popping return of nearly 550%, outpacing Wall Street favorite Nvidia's roughly 160% surge so far in 2024. Promoted as a financial tool free of government intermediaries, bitcoin often earns its corporate champions a devoted following.

• Dec 17, 2024

California's Pacific Gas & Electric could receive $15B in federal loans to modernize its power grid

Pacific Gas & Electric Co. could receive up to $15 billion in federal loans to help the utility modernize its power grid and expand clean energy infrastructure across central and northern California, officials announced Tuesday. The U.S. Department of Energy announced a conditional commitment for one of the largest loan guarantees ever under its Energy Infrastructure Reinvestment program. The funds would support a portfolio of projects to expand hydropower generation and battery storage, upgrade transmission capacity, and enable virtual power plants throughout PG&E’s service area, the energy department said.