The U.S. dollar showed signs of weakness on Thursday, after reaching five-month highs the week before. The Dollar Index, which tracks the greenback against a basket of other currencies, was down by 0.2% at 105.445. This decline comes ahead of the release of key U.S. growth data, mainly the first-quarter gross domestic product (GDP) figures.
Walgreens has announced that it will be working directly with drugmakers to provide cell and gene therapies to patients in the United States. This move is part of a broader expansion of their specialty pharmacy services. The company is introducing a new business unit dedicated to the specialty pharmacy segment, which will include their specialty
The yen has been struggling against the dollar, with the latter reaching a 34-year high of 155.74 yen. Speculation is rife that the Japanese government might intervene to strengthen the yen, especially with the Bank of Japan (BOJ) convening for a two-day rate-setting meeting. The dollar’s recent surge past the 155 yen level has left
The California Supreme Court has recently decided to revisit a case that challenges retirement reforms that were approved by state lawmakers over a decade ago. This marks the return of pension spiking questions to the high court after a 2020 ruling on a similar case in Alameda County. The case in question, Ventura County Employees’
The municipal bond market experienced slight weakness in secondary trading on Wednesday, with the focus shifting towards the nearly $3 billion pricing for institutions by the Los Angeles Unified School District. This occurred alongside a rise in U.S. Treasury yields and mixed results in the equities market, indicating a complex economic environment. Credit spreads were
Meta Platforms, formerly known as Facebook, is gearing up to release its first-quarter earnings report after the market closes on Wednesday. The tech giant has been on a tear, surging approximately 40% in 2024 and expanding its reach beyond social media into areas like alternative reality and artificial intelligence. Despite the recent market pullback, Meta
As we navigate through this earnings season, there is a glimmer of hope for the often overlooked sector of the financial industry. Wolfe Research’s technical analyst, Rob Ginsberg, has shed light on the potential breakout of the Global X FinTech ETF (FINX) in a recent note to clients. Despite a history of underperformance compared to
The recent increase in mortgage rates has caused a significant drop in mortgage application demand. According to the Mortgage Bankers Association’s index, applications fell by 2.7% compared to the previous week. This decline indicates that potential homebuyers are being deterred by the higher cost of borrowing, resulting in a slowdown in the housing market. Refinancing
Boeing, once a titan in the aviation industry, is set to release its quarterly report, revealing the aftermath of a harrowing incident involving a 737 Max 9 plane. Analysts predict that the company will record its seventh consecutive quarterly loss, a stark reminder of the financial woes hounding the manufacturer. The recent door plug mishap
Despite fears of government intervention, most Asian currencies experienced a slight rise on Wednesday as the dollar showed signs of weakness. This shift in the currency market provided some relief to regional markets, although there was continued underperformance in the Japanese yen. The greenback had retreated from recent five-month peaks due to soft purchasing managers