With the escalating tensions in the Middle East, particularly between Israel and Iran, the potential for a wider regional war is a cause for concern. Investors are being advised to consider adding gold and oil to their portfolios as a hedge against the uncertainty that may arise. According to UBS analysts led by Tilmann Kolb,
As the second half of the year begins, investors need to be cautious of potential pain trades, according to Bank of America. One of these trades involves the recent reversal in mega-cap technology stocks. The first six months of the year saw a significant surge in Big Tech, with CNBC’s Magnificent 7 index gaining over
ChainwireGoMining, a leading Bitcoin mining company, has recently announced that their native asset, the GOMINING token, is now available for trading on the BingX crypto exchange. This partnership aligns with GoMining’s mission to democratize the Web3 and Bitcoin mining industries by enhancing the accessibility of their token. Mark Zalan, the CEO of GoMining, emphasized the
Moderna recently reported its second-quarter revenue, which surpassed expectations, but the biotech company decided to slash its full-year sales guidance. The decreased guidance was attributed to lower anticipated sales in Europe, a competitive market for respiratory vaccines in the U.S., and the potential for deferred international revenue until 2025. Despite this, Moderna is now projecting
Eli Lilly’s weight loss drug Zepbound has shown promising benefits for patients with heart failure and obesity, based on late-stage trial data released by the company. This suggests that Zepbound and other GLP-1 drugs may have broader health benefits beyond weight loss and blood sugar regulation. In the study, patients taking Zepbound experienced a 38%
The dollar experienced a rally on Thursday following a previous day of decline, as central banks continued to disrupt currency markets. The dollar index, which monitors the currency against six others, increased by 0.35% to 104.40. This rise came after it had fallen by 0.4% the day before when the Federal Reserve opted to maintain
The Louisiana Public Facilities Authority is preparing to price $1.33 billion in Baa3-rated toll bonds next week for a public-private partnership to replace the Calcasieu River Bridge. This massive project is expected to have maturities well into the mid-21st century and will be managed by JPMorgan and Wells Fargo. One of the main concerns with
Vice President Kamala Harris has made it clear that building up the middle class will be a top priority during her presidency. She believes that a strong middle class is essential for a strong America and that families need relief from the high cost of living to not just get by but to get ahead.
The process of rebuilding America’s roads and bridges with funds from the Bipartisan Infrastructure Law is facing significant challenges due to regulations and red tape. Despite the intentions behind the legislation, the actual implementation is being hindered by bureaucratic hurdles that slow down progress. This has raised concerns among proponents of the law who are
After Microsoft’s post-earnings report, the stock experienced a 1% dip due to disappointing cloud revenue despite strong overall results in the fiscal fourth quarter. The Intelligent Cloud segment brought in $28.52 billion in revenue, slightly lower than the $28.68 billion expected by analysts. However, Wall Street analysts believe that this pullback presents a buying opportunity