Biodexa Pharmaceuticals PLC (NASDAQ:BDRX) announced progress on eRapa, its drug to treat Familial Adenomatous Polyposis (FAP), an inherited disorder characterized by cancer of the large intestine (colon) and rectum. 12-month data from a phase 2 clinical trial were recently presented at the 2024 InSIGHT biannual meeting. With FAP, hundreds or thousands of precancerous polyps grow throughout […]
S&P 500’s Tech Dominance Sparks Calls for Portfolio Diversification
Reuters | July 9, 2024
By Ankika Biswas (Reuters) – The gap in returns between the S&P 500 and the index’s equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such as Nvidia. The S&P 500 is at record levels mostly due to a handful of megacap stocks such as Microsoft and […]
Why Bitcoin Faces A ‘Critical Week Ahead’
Khyathi Dalal | June 17, 2024
Prominent crypto analyst Ted outlined why to key economic indicators and central bank actions could prompt significant price movements for Bitcoin (CRYPTO: BTC) in the upcoming week. What Happened: Ted points out that recent consumer and producer price inflation data showed positive trends for risk assets, indicating ongoing disinflation. However, the Federal Reserve’s messaging suggested […]
What’s Going On With Southwest Airlines Stock On Monday?
Anusuya Lahiri | June 10, 2024
Southwest Airlines Co (NYSE:LUV) stock is trading higher Monday amid reports that Elliott Investment Management is taking a $2 billion stake in the airline. Initially known for revolutionizing air travel with low fares and focusing on customer service, Southwest Airlines became the top domestic carrier. However, recent challenges have strained its long-standing success, including technology […]
Insiders Buying These 4 Stocks
Avi Kapoor | June 5, 2024
Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the […]
DOGE To 40 Cents Is ‘One Of The Safest Trades,’ ‘Takes 1 Elon Tweet To Blow It Up,’ Touts Trader
Ivan Crnogatic | May 30, 2024
Cryptocurrency trader Altcoin Sherpa touted Dogecoin (CRYPTO: DOGE) as one of the safest bets for traders chasing success. What Happened: The pseudonymous trader tweeted on Thursday that Dogecoin could reach 40 cents. He cited retail interest, potential tweets from Elon Musk, and the coin’s liquidity as key factors. In his tweet, Altcoin Sherpa stated, “$DOGE […]
World Bank says 1.8 million additional Ukrainians in poverty as Russia’s war drags on
Reuters | May 30, 2024
By Andrea Shalal WASHINGTON (Reuters) – The number of Ukrainians living in poverty has grown by 1.8 million since 2020, bringing the total to about 29% of the population as Russia’s 2022 invasion continues to ravage the country’s economy, the World Bank said in a report. The situation would be much worse if Ukraine had […]
Chevron Tops Tesla as Most-Shorted Stock in April, Says Hazeltree
Reuters | May 14, 2024
(Corrects paragraph 5 to say Chevron beat not missed expectations; adds Chevron decline to comment in paragraph 4) By Nell Mackenzie LONDON (Reuters) – Oil company Chevron was the most shorted U.S. stock in April, overtaking long-standing top target Tesla as short-sellers up their bets on weaker energy prices, according to a monthly report by […]
Bitcoin Plummets Below $58K, ETH, SOL, DOGE Follow: Over $400M Liquidated In ‘Deepest Retrace In The Cycle’
Khyathi Dalal | May 1, 2024
Cryptocurrency markets continue to bleed, with the FOMC meeting and poor ETF performances in the U.S. and Hong Kong weighing heavy on the markets. What Happened: Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) started May with heavy losses. Prices as of 7.30 a.m. Eastern Time: Cryptocurrency Gains +/- Price […]
Venezuela Turns To Crypto As U.S. Sanctions Return On Oil Exports
Murtuza Merchant | April 23, 2024
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 […]