Category: Investing.com
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What happens to solar stocks if Trump wins? RBC weighs in By Investing.com
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With the 2024 U.S. presidential election approaching, the potential impact on solar stocks has become a major concern for investors, according to RBC Capital. Analysts at the bank provided a detailed analysis, suggesting that the current environment could provide a buying opportunity, particularly for select names with less exposure to…
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XRP Climbs 10% In Bullish Trade By Investing.com
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Investing.com – XRP was trading at $0.4968 by 00:26 (04:26 GMT) on the Investing.com Index on Saturday, up 10.07% on the day. It was the biggest one-day percentage gain since March 11. This upward move pushed XRP’s market cap to $27.5901 billion, or 1.29% of the total cryptocurrency market cap.…
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Mullen Automotive secures additional funding through notes By Investing.com
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Mullen Automotive Inc. (NASDAQ:), a leader in the electric vehicle market, has secured additional financing through the issuance of convertible notes and warrants, as detailed in a recent 8-K filing with the Securities and Exchange Commission (SEC). On Monday, July 9, 2024, the Company entered into agreements with certain investors…
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UBS revises NZD/USD forecast, expects RBNZ rate cut in August By Investing.com
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UBS has updated its forecast for the New Zealand dollar (NZD), expecting a weaker-than-expected performance against its G10 peers, including the US dollar. The adjustment follows a previous warning on May 30 that the pair was on thin ice due to a mismatch between net long positions and growth expectations.…
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H.C. Wainwright optimistic on Biophytis stock as Phase 2 trial approved By Investing.com
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HC Wainwright on Friday affirmed its buy rating and $15.00 price target on Biophytis SA (NASDAQ:BPTS) stock, following the company’s announcement that it has received FDA approval to begin a Phase 2 clinical study. The study, which will focus on BIO101 in patients with obesity, is scheduled to begin in…
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Booking Holdings upgraded on increasing resilience in EMEA By Investing.com
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Benchmark raised its rating on Booking Holdings (NASDAQ:) from Hold to Buy, and set a new price target of $4,700 per share. Despite current economic concerns and elevated investor expectations, Benchmark analysts believe the company’s increased resilience in EMEA, coupled with strong growth in Asia Pacific and Latin America, will…
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UBS maintains EUR/USD longer-term target at 1.0500 post French election By Investing.com
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UBS kept its long-term target for the exchange rate at 1.0500, following the French parliamentary elections, citing weakness in the far-right National Rally party and a strong showing by President Emmanuel Macron’s centrist party. Despite the uncertainty surrounding the formation and composition of the new French government, UBS highlighted that…
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“LEQEMBI” Lecanemab) Approved for the Treatment of Alzheimer’s Disease in Israel By Investing.com
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TOKYO and CAMBRIDGE, Mass., July 12, 2024 – (JCN NewsWire) – Eisai Co., Ltd. (OTC:) and Biogen Co., Ltd. (NASDAQ:) today announced the approval of the beta-amyloid (Aβ)-degrading monoclonal antibody “LEQEMBI” (generic name: lecanemab) in Israel as a treatment for Alzheimer’s disease (AD). Treatment with LEQEMBI should be initiated in…
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Asia FX weakens as yen volatility spurs caution; dollar dented by soft CPI By Investing.com
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Most Asian currencies fell slightly on Friday as traders turned cautious amid increased volatility in the Japanese yen, which raised speculation about whether the government had intervened in the markets. Losses in regional units were muted as the dollar held steady at a one-month low, after weaker-than-expected U.S. CPI inflation…
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US stock futures steady as Wall St falls after CPI data; Q2 earnings awaited By Investing.com
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U.S. stock index futures were flat in overnight trading Thursday as Wall Street took a hit from profit-taking even as inflation showed signs of slowing, with focus now shifting to the second-quarter earnings season. The index settled at 5,641.50 points, while it settled at 20,444.25 points by 19:03 ET (23:03…
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UBS presents 3 scenarios that could lead to a decline By Investing.com
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The euro (EUR) has remained in a tight trading range against the US dollar (USD) throughout most of 2023, with UBS analysts expecting this trend to continue throughout 2024. According to UBS, the combination of political, economic and market dynamics makes forecasting the exchange rate particularly difficult. Key factors influencing…
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Sintx Technologies halts at-the-market stock offering By Investing.com
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Sintx Technologies, Inc. (NASDAQ: ), a surgical and medical instrument company, announced the termination of its offering of common stock effective March 22, 2024. The company previously entered into a stock distribution agreement with Maxim Group LLC in February 2021, which was amended in January and October 2023, allowing for…
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Culper Research calls out Iris Energy’s misrepresentations and overvaluation By Investing.com
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Investing.com – In a research note on Thursday, Culper Research weighed in on Iris Energy Inc. Technologies Inc. (NASDAQ: INK), a company originally focused on Bitcoin mining, has now announced that it has rebranded as a high-performance computing (HPC) data center. Kolber’s analysis suggests that this strategic shift is more…
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UBS optimistic on British pound, sets EUR/GBP target at 0.8400 By Investing.com
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UBS has expressed a bullish outlook for the pound, citing recent comments from new UK Chancellor Rachel Reeves on the government’s growth agenda. Reeves stressed the limited scope of government spending, indicating that the administration will focus on supply-side reforms to stimulate investment and growth. UBS noted that despite similar…
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Dollar slips ahead of CPI release; pound gains after GDP strength By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Thursday ahead of a key inflation report later in the session, while strong growth data boosted the British pound. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Asia FX rises as dollar loses ground before CPI report By Investing.com
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Most Asian currencies rose on Thursday as the dollar weakened after comments from Federal Reserve Chairman Jerome Powell raised optimism about interest rate cuts, putting upcoming inflation data in focus. Regional currencies regained some ground against the dollar as traders largely stuck to their bets on a Federal Reserve rate…
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Morphic holding’s CFO and COO sells shares worth over $2.45 million By Investing.com
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In a recent move, Mark Chigerin, the chief financial officer and chief operating officer of Morphek Holdings, Inc. (NASDAQ: ), sold a significant number of the company’s shares. According to the latest filing, Chigerin sold 43,936 shares of common stock at various prices, with the transactions totaling more than $2.45…
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S&P 500 in fresh record high after scaling 5,600 mark for first time By Investing.com
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The S&P 500 rose above 5,600 for the first time on Wednesday, led by the technology sector and continued hopes for an interest rate hike sooner, as Federal Reserve Chairman Jerome Powell gave a second day of testimony to Congress, a day before fresh inflation data. At 13:56 ET (17:56…
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Dollar steady ahead of Powell Mark II; euro looks to French politics By Investing.com
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The U.S. dollar was steady in early European trading on Wednesday, remaining near a three-week low, after the first day of Federal Reserve Chairman Jerome Powell’s two-day testimony on Capitol Hill, while the euro held steady amid political uncertainty. At 05:25 ET (09:25 GMT), the dollar index, which tracks the…