January 15, 2025
Boeing jet deliveries in 2024 drop to lowest since pandemic
Deliveries of new Boeing jets bounced back in December after a crippling labor strike that slowed production last fall, but the company’s annual deliveries dropped in 2024 to the lowest level since the COVID-19 pandemic.
Read More
January 15, 2025
The dollar fell against the euro
The dollar fell against the euro but was still hovering near its highest level in more than two years as the first of two inflation readings this week provided little assurance the U.S. Federal Reserve will soon cut interest rates. The Euro gained 0.5% against the Dollar in the last session. The Ultimate Oscillator’s is […]
Read More
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.
Read More
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.
Read More
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 […]
Read More
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 […]
Read More
