By Manas Mishra and Sriparna Roy (Reuters) -Biogen reported a quarterly profit that topped Wall Street estimates, helped by cost cutting, as the launch of its new Alzheimer’s disease drug remained sluggish. Sales of Alzheimer’s drug Leqembi, recorded by Japanese partner Eisai, were just $19 million for the quarter, compared to analysts’ tempered expectations of […]

Venezuela’s state-owned oil company, PDVSA, is turning to cryptocurrency to adapt as the United States reimposes sanctions on the country’s oil industry. What Happened: In a move to bypass potential restrictions on traditional financial channels, PDVSA is accelerating its shift towards using digital currencies, particularly Tether (CRYPTO: USDT), for crude oil and fuel exports, Reuters […]

By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the U.S. economy’s health. The benchmark S&P 500 and the Nasdaq rebounded from a decline over the […]

(Reuters) – Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country’s fiscal path, market observers say. The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to […]

By Marta Nogueira and Fabio Teixeira OIAPOQUE, Brazil (Reuters) – State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil’s northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in […]

By Hyunjoo Jin, Norihiko Shirouzu and Chris Kirkham (Reuters) – Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had scrapped its plans for a $25,000 “Model 2” electric vehicle. “Reuters is lying,” Musk wrote in one post that day, without identifying any […]

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Deutsche Bank cut the price target for Honeywell International Inc. (NASDAQ:HON) from $227 to $215. Deutsche Bank analyst Nicole Deblase downgraded the stock from Buy […]

By Byron Kaye (Reuters) – Since Meta blocked links to news in Canada last August to avoid paying fees to media companies, right-wing meme producer Jeff Ballingall says he has seen a surge in clicks for his Canada Proud Facebook page. “Our numbers are growing and we’re reaching more and more people every day,” said […]