Biotech stocks are an unappreciated way to profit from lower rates, Goldman says
As investors await the Fed rate decision Wednesday afternoon, Goldman highlighted to clients an overlooked group of stocks poised to benefit from the move.
These are the stocks that do best immediately after the first Fed rate cut of a cycle
The top 10 stocks that perform the best three months after an initial cut include a megacap name and some big retailers.
Hezbollah devices explode again in Lebanon, raising fears of wider Israel conflict
Hand-held radios used by Hezbollah detonated late on Wednesday afternoon across Lebanon’s south and in Beirut’s southern suburbs, sources told Reuters.
European markets close lower ahead of Fed rate decision
European markets fell on Wednesday as investors considered key data and looked ahead to the Federal Reserve interest rate decision.
Will the U.S. elections impact crypto markets? Insiders weigh in
Crypto insiders on Wednesday downplayed the importance of of the U.S. presidential race on the market at the annual TOKEN2049 event in Singapore.
An aggressive Fed move is unlikely to spur a surprise Bank of England rate cut
Money market pricing for a BOE cut at Thursday’s September meeting dipped from 35% late Tuesday to 26% Wednesday morning
Google wins court challenge to the EU’s $1.7 billion antitrust fine over ad product
The European Union’s second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) antitrust fine imposed on Google by regulators should be annulled.
Novartis not joining the ‘frenzy’ of weight loss drugs, CEO says
Swiss pharmaceutical giant Novartis said Wednesday that it does not plan to enter into the “frenzy” of weight loss drugs.
Tupperware files for bankruptcy as its colorful containers lose relevance
Tupperware filed for Chapter 11 bankruptcy protection on Tuesday, succumbing to mounting losses amid poor demand for its once-iconic food storage containers.
UK inflation holds steady in August, matching expectations
U.K. inflation came in at 2.2% for the month of August, data from the Office for National Statistics showed Wednesday.
