Maeve Turner
US stock markets fall as chip sector weakness offsets solid earnings data
US markets fell on Thursday as a selloff in semiconductor firms offset positive economic indicators and corporate results. Despite the Nasdaq's 1.47% drop, analysts noted that several non-tech sectors continue to perform well.
Eli Lilly to buy AtaiBeckley in $2.8bn deal, could rise to $3.8bn
Eli Lilly will acquire AtaiBeckley for an upfront equity value of approximately $2.8 billion to gain access to therapies for treatment-resistant depression.
FDA approves Lipfendra as first oral PCSK9 inhibitor for high cholesterol
Merck’s Lipfendra has received FDA approval as the first oral PCSK9 inhibitor, offering a daily pill option to help lower LDL cholesterol levels.
Elon Musk loses trillionaire status as SpaceX and Tesla shares fall
Elon Musk's net worth has fallen below $1 trillion following a sharp decline in SpaceX share prices. A single-day drop of 16.43% for SpaceX shares erased $240 billion from his personal valuation.
Andy Burnham eyes energy guarantee, rent freeze and £2 bus cap
Incoming Prime Minister Andy Burnham is shaping his government's agenda around economic relief, focusing on energy bills, housing, and public transport.
Social Security claiming decisions should not rely on life expectancy
As the UK government reviews proposals to accelerate the state pension age, experts warn against using personal life expectancy to time retirement claims. Workers are instead encouraged to focus on proactive measures like asset consolidation and adjusting pension contributions.
Hormuz Risk Is Back: Why The Market Is Wrong On Energy - Forbes
Renewed conflict in the Strait of Hormuz and the revocation of a key U.S. sanctions license have created significant energy market uncertainty.
British Steel brought into public ownership to secure UK supply chain
The UK government has officially transitioned British Steel into public ownership to protect the nation's last virgin steel facility and secure essential infrastructure supply chains.
Professional Tax Associates scam calls target victims with fake tax threats
Fraudsters impersonating Professional Tax Associates are using high-pressure phone calls to trick victims into paying fake fees or providing remote device access. Experts advise verifying all tax claims through official channels and ignoring unsolicited requests for immediate payment.
Why is Renting So Expensive in the US? - Miranda
Rental markets in the US and UK are grappling with a supply-demand imbalance and rising costs that place significant financial strain on households.
Singapore graduates struggle to secure roles despite high vacancy rates
Despite official data showing thousands of entry-level vacancies, new graduates report significant struggles securing roles due to cautious hiring and automated filters. Experts suggest networking, soft skills, and certifications as strategies for navigating this challenging landscape.
SpaceX shares slip below IPO price for first time as rally fizzles
SpaceX stock has slipped below its initial public offering price, marking a shift for the company following its market debut. Analysts are now closely watching upcoming earnings and insider lock-up expirations for signs of volatility.
Wall Street stocks rise on cooling inflation and strong quarterly earnings
Major equity indexes finished in positive territory as a decline in the Producer Price Index signaled cooling inflation, shifting expectations for Federal Reserve policy.
PayPal jumps 16% as Stripe and Advent unveil $53bn acquisition offer
PayPal stock rose after reports of a $53 billion takeover offer led by Stripe and Advent International. Analysts are split on whether the bid reflects the company's intrinsic value.
Green Party leader backs rent freeze research projecting 2bn annual saving
A new research report proposes that freezing private rents at 2024 levels could save the government £2bn annually and provide household savings. Green Party leader Zack Polanski has voiced his support for the findings as the debate over housing affordability continues.
New York Fed says US economy resilient, inflation likely peaked
New York Fed President John Williams states that the U.S. economy shows resilience with steady GDP growth. He projects inflation will begin to moderate as the Federal Reserve works toward its 2 percent target.
White House officials meet senators to resolve Clarity Act ethics impasse
The White House is working to secure bipartisan support for the Digital Asset Market Clarity Act by addressing Democratic demands for strict crypto-ethics rules.
SpaceX shares dip near IPO price, sparking doubts over future listings
SpaceX's stock is testing a psychological threshold near its IPO price, prompting investors to reassess the company's valuation and broader market appetite.
China's GDP Growth Unexpectedly Dips Below Official Target Range
China's economic expansion slowed to its lowest point since the final quarter of 2022, prompting financial institutions to downgrade full-year forecasts. Policymakers are now considering fiscal interventions to address the imbalance between strong export growth and weak demand.
Oil prices rise as hostilities worsen in the Middle East
Brent and WTI crude prices increased after U.S. strikes on Iranian military targets sparked fears of supply disruptions through key energy shipping routes.