January 15, 2025
Wall Street rises in choppy trade
U.S. stocks rose modestly in choppy trade as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.S. economy. Stocks received an initial lift after a Labor Department report showed the producer price index rose less than expected in December.
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January 14, 2025
J&J doubles down on neurological drugs with $14.6 billion Intra-Cellular deal
Johnson & Johnson said it would buy neurological drug maker Intra-Cellular Therapies for $14.6 billion, its biggest deal in more than two years, boosting its presence in the market for brain disease treatments. The deal would help accelerate growth in J&J’s drugs business after the company spun off its consumer health unit in 2023.
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January 14, 2025
S&P 500 falls as investors dial back bets on Fed rate cuts in 2025
U.S. stocks declined to start the week, with the S&P 500 hitting a two-month low as bond yields surged following strong payroll data last week, reinforcing bets that the Federal Reserve will maintain a hawkish stance through most of the year. A recent surge in U.S. Treasury yields may gain even more momentum after a […]
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January 14, 2025
Oil prices climb to 4-month high on expected hit to China and India’s Russian supplies
Oil prices climbed about 2% to a four-month high on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers. That put Brent on track for its highest close since August 26 and WTI on track for its highest close since August 12. The last session […]
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January 13, 2025
Inflation report could rattle markets after bond yields climb
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump’s policy plans. After back-to-back standout years, the stock market has wobbled out of the gate in 2025, with the benchmark S&P 500 down about 1% so far this […]
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January 13, 2025
Oil prices rally 3% as US hits Russian oil with tougher sanction
Oil prices rallied nearly 3% to their highest in three months as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. Joe Biden’s administration imposed fresh sanctions targeting Russian oil producers, tankers, intermediaries, traders and ports. The Oil-Dollar pair skyrocketed 2.9% in the last session. The MACD […]
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