After-Hour Trading: Stocks Making Significant Moves After the bell on Tuesday, several stocks saw significant movement in after-hour trading. Some of the notable movers include: – Zoom Video Communications (ZM): The video conferencing company’s stock saw a 5% increase in after-hour trading following its earnings report. – Hewlett Packard Enterprise (HPE): HPE’s stock saw a…
Eli Lilly’s stock saw a significant increase on Wednesday after the U.S. government approved the company’s GLP-1 drug for obesity treatment. The FDA’s decision was no surprise, and now Eli Lilly is gearing up to market the drug as Zepbound. The stock price soared by almost 2% in response to the news, reaching $611.36 per…
“10 arrested in New York in connection with Gambino Mafia family; 6 others arrested in Italy” In a major operation, federal prosecutors in New York have announced the arrest of 10 men allegedly associated with the notorious Gambino Mafia family. Six other alleged organized crime members and associates were also arrested in Italy. The defendants…
Cleveland Federal Reserve President Loretta Mester to Retire in 2024 The Cleveland Federal Reserve announced the search for a new leader, as current President Loretta Mester plans to retire in mid-2024. Mester, 65, known for advocating for tighter monetary policy, will reach mandatory retirement after serving in her position for 10 years by June next…
HSBC, Europe’s largest bank by total assets, has announced that it will be offering custody services for tokenized securities, becoming the latest major institution to embrace digital assets. The British bank is using technology from Swiss crypto custody firm Metaco, which was recently acquired by blockchain startup Ripple, to store bonds and other securities. According…
UBS Group AG began selling Additional Tier 1 (AT1) bonds, which were central to the controversy surrounding its emergency rescue of Credit Suisse, for the first time since completing the takeover. The Swiss banking giant is marketing two tranches of U.S. dollar AT1 bonds, including a non-call five-year offering around a 10% yield and a…
Russian President Vladimir Putin’s one-day trip to Israel has highlighted a negative turn in Russia’s previously neutral stance on the Israel-Hamas conflict. Initially, Russia had called for calm and a cease-fire. However, as the number of Palestinian casualties grew, so did Russia’s criticism of Israel’s actions. This shift in Russia’s position can be linked to…
China’s truck industry is rapidly shifting towards purchasing vehicles with assisted-driving technology. This shift is crucial for the industry’s monetization in a business that has attracted vast investment but shown limited results so far. The market has seen a major transformation from being dominated by individual drivers to fleet operators holding the majority share. Currently,…
Democrat Gabe Amo Makes History as First Person of Color Elected to Represent Rhode Island in Congress Gabe Amo has emerged as the projected winner in the election for Rhode Island’s 1st Congressional District, according to the NBC News Decision Desk. His victory marks a historic moment as he becomes the first person of color…
U.S. futures flat after record runs for S&P 500 and Nasdaq Stock futures did not move significantly on Tuesday night, following a day during which the S&P 500 and Nasdaq Composite marked their longest winning streaks in approximately two years. Futures connected to the S&P 500 and Nasdaq 100 wavered near the flat line, while…
