The ongoing struggles within House Republicans over critical pieces of legislation underscore a growing rift that not only threatens the party’s unity but also jeopardizes the continuity of government operations ahead of an impending fiscal deadline. As the government approaches a possible shutdown on September 30, legislative decisions have taken on heightened significance, especially as
JPMorgan has identified Viking Therapeutics as a potential key player in the GLP-1 boom. The firm has initiated coverage of the biopharmaceutical company with an overweight rating and a price target of $80 per share, representing significant upside potential. Viking Therapeutics is currently making progress in advancing its obesity drug VK-2735. This drug is positioned
In recent times, the financial sector has been showing significant growth with the S & P 500 financial sector advancing more than 16% this year and nearly 4% over the past month. The sector has also seen a jump of 7% during the third quarter, outperforming the overall S & P 500 market. This surge
When it comes to investing in municipal bonds, there is a lesser-known sector that could provide significant opportunities for investors. According to Dan Close, head of municipals at Nuveen, charter school muni bonds are a small but growing part of the market. With increasing demand for charter schools, there is strong supply for these bonds.
Bitcoin’s price experienced an uptick on Thursday amidst a broader rally in risk-driven markets, particularly in stocks. This surge comes after a period of steep losses the previous week. However, despite the positive movement, the cryptocurrency market remains fragile and uncertain. The strength of the dollar, fueled by a stronger consumer price index inflation reading,
Over the past few months, there has been a significant increase in weekly issuance of municipal bonds. This surge can be attributed to various factors such as pent-up capital needs, diminishing federal aid, and front-loaded issuance by state and local governments. The pace of issuance shows no signs of slowing down, prompting strategists to revise
Recent on-chain data from Glassnode has highlighted a growing trend among Bitcoin investors towards skepticism regarding the cryptocurrency’s short-term prospects. This sentiment is clearly reflected in the declining exchange-related on-chain volumes, indicating a more cautious approach among market participants. It seems that investors are holding back and refraining from making significant moves in the current
In a recent announcement by HIVE Digital Technologies Ltd. (HIVE), a correction was made to the HODL value in its unaudited production results for August 2024. The corrected HODL balance as of August 31, 2024, was 2,567 Bitcoins, not the previously reported 2,533 Bitcoins. This correction was significant as it resulted in a discrepancy in
In the midst of a broader equity market sell-off following the latest inflation data, one industry group stands out for its resilience – solar stocks. The surge in solar stocks was triggered by the presidential debate and fueled by renewed optimism for renewable energy, especially in anticipation of a potential victory by Vice President Kamala
The recent release of strong U.S. consumer inflation data has had a significant impact on Asian currencies. The dollar has firmed up, leading to a flat-to-low range movement for most regional currencies. This development has dashed hopes for a significant interest rate cut by the Federal Reserve. Soft Inflation Data from Japan Adding to the