Tesla shares attempted a rebound on Wednesday but failed to sustain gains, remaining largely flat at $347.41 in early trading. The muted move contrasted with a sharp rally in broader markets. The S&P 500 surged 2.6%, while the Dow Jones Industrial Average jumped 1,384 points, or 2.9%. The Nasdaq Composite rose 3.3%. The rally followed
Shares of major US health insurers jumped in premarket trading on Tuesday following the government’s announcement of a larger-than-expected increase in 2027 payment rates for Medicare Advantage plans. Insurance giant UnitedHealth led the rally, climbing 6.9%, while CVS Health, Elevance Health, Centene , and Molina Healthcare rose between 3.6% and 6%. Notably, Humana surged 10.7%,
Big Tech stocks, which have come under sustained pressure in recent months, may be entering a more attractive phase for investors as valuations reset and geopolitical tensions reshape market dynamics, according to analysts at Goldman Sachs. The sector’s sharp pullback, exacerbated by the ongoing Iran conflict, has led to a reassessment of growth expectations and
Wall Street’s main indexes opened lower on Tuesday as investors assessed escalating tensions between the United States and Iran ahead of President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz. The Dow Jones Industrial Average was down 214 points, or 0.46%, while the S&P 500 index fell 0.42% and the Nasdaq 100
Faced with the twin challenges of rising inflation and slowing growth driven by the oil price shock, the European Central Bank is under pressure to act, with Commerzbank AG anticipating the ECB to prioritise long-term inflation expectations and consider an interest rate hike as early as its next meeting at the end of April. While
The cryptocurrency market has been bearish over the past 24 hours, with Bitcoin and Ether currently in the red. Bitcoin hit the $70,000 mark on Monday but is now down 1.4% and is trading around $68,400. Ether also risks dropping below $2,000 if the selloff persists. However, ZEC, the native coin of the Zcash ecosystem,
Novo Nordisk announced on Tuesday that it is making a higher-dose version of its popular weight-loss medication, Wegovy, available across the United States. The new 7.2-milligram dose, branded as Wegovy HD, was recently approved under the FDA Commissioner’s National Priority Review Voucher program last month, marking a significant development in obesity treatment options. Before this
The American labour market has long been a complex machine of shifting gears, but in the current economic landscape, one cylinder is firing with more reliability than all others combined. While technology and manufacturing navigate the choppy waters of replacement by AI and perils brought on by tariffs, the healthcare sector has emerged as a
Despite near-term headwinds for gold—including high yields, dollar strength, and profit-taking—structural factors remain, maintaining the yellow metal’s long-term upward trajectory above $5,000 per ounce, according to Emily Avioli, vice president and investment strategist at Merrill Lynch. In Avioli’s latest Capital Market Outlook for the investment giant, he noted an unexpected trend: despite rising inflation and
Travel stocks remain in focus this week as escalations continue between the US and Iran, with the Trump administration threatening to soon hit Tehran “extremely hard”. Geopolitical friction often serves as a major headwind for the travel industry as it drives up jet fuel prices – its highest variable cost – and forces expensive flight