Citi Turns Tactically Bearish on British Pound Ahead of Expected PM Appointment
Citigroup strategists advise positioning for a weaker sterling, citing a historical pattern of pound depreciation following the appointment of a new UK prime minister.
Latest by Marcus Chen
Global Bond Yields Hold Steady as Hormuz Closure Fuels Inflation Fears
Government bond yields in the U.S. and Europe remained near multi-week highs as investors balanced the inflationary impact of rising oil prices against the traditional safe-haven appeal of debt amid escalating Middle East tensions.
Bitcoin Price Coils Near $62,600 Support as Technicals Signal Imminent Move
Bitcoin is trading in a tight range just above a key technical support level identified by the SuperTrend indicator. Analysts note that compressing volatility and conflicting signals suggest a significant price breakout or breakdown could be near.
Inflation Data, Q2 Earnings to Test Stock Market's Record Highs
Investors are bracing for a pivotal week as June's Consumer Price Index and the start of the second-quarter earnings season, led by major banks, are set to test the stock market's recent momentum.
Q32 Bio Shares Soar After Alopecia Drug Bempikibart Meets Phase 2 Goal
Shares of Q32 Bio (NASDAQ:QTTB) jumped significantly after the company reported its experimental alopecia areata treatment, bempikibart, successfully met the primary endpoint in a Phase 2a clinical trial.
Enlivex Granted FDA Fast-Track Designation for Knee Osteoarthritis Therapy
The U.S. Food and Drug Administration has granted Regenerative Medicine Advanced Therapy (RMAT) designation to Enlivex's experimental immunotherapy, Allocetra, for treating knee osteoarthritis, potentially accelerating its development and review timeline.
Air Canada Reaches Tentative Labor Agreement With 11,000 Maintenance and Operations Staff
The Canadian flag carrier has secured a preliminary four-year deal with the International Association of Machinists and Aerospace Workers, covering a wide range of technical and operational roles. The agreement now awaits ratification by the union's membership.
SanDisk Stock Slides Amid Broad Memory Chip Selloff
Shares of SanDisk Corp. fell more than 5% in pre-market trading, dragged down by a sector-wide downturn triggered by a steep decline in competitor SK Hynix and heightened geopolitical tensions.
Seagate Stock Slides on Geopolitical Fears and Chip Sector Contagion
Shares of the data storage company fell as escalating US-Iran tensions sparked a risk-off move in technology stocks, compounded by a sharp selloff in Asian semiconductor markets.