After a strong August, market participants are turning their attention to September, historically the worst month of the year for markets, and weighing prospects that the last month of the third quarter will extend the summer’s gains.
South Korea – Behind a blue wall that seals a former highway tunnel stretches a massive indoor farm bathed in rose-tinted light.
Fruits and vegetables grow hydroponically — with no soil — in vertically stacked layers inside, illuminated by neon-pink LEDs instead of sunlight.
Saudi Arabia – A senior aide to the Crown Prince of Saudi Arabia has dropped further hints that the country is planning to turn its Gulf rival Qatar into an island by digging a canal that will cut the peninsula off from the mainland.
Japan – Japanese manufacturers have been introducing new, clear drinks that taste like unhealthy drinks consumers love, perhaps prefiguring a growing trend in America.
RIO DE JANEIRO – A massive fire raced through Brazil’s 200-year-old National Museum in Rio de Janeiro on Sunday, probably destroying its collection of more than 20 million items, ranging from archeological finds to historical memorabilia.
Equity Analysis and News Dow Jones Industrial Average: Trend Remains Moderately Bullish DAX: Bearish Sequence Brings July Lows in Focus Dow Jones Industrial Average: Trend Remains Moderately Bullish Another week of gains for the Dow Jones with the index now hovering around the 26,000 level. Eyes are on for a weekly close above 26,000, which will likely confirm that the uptrend in the index is still intact. Alongside this, the Dow Jones is still playing catch up relative to its US counterparts, which have hit record highs.
Ford Motor Co. is unlikely to be the last to say forget it to a vehicle that doesn’t make financial sense for the U.S. market anymore thanks to Donald Trump’s trade wars.
The market may begin looking different after Labor Day.
US consumers are hungry for credit card rewards. Seventy-five percent now have a rewards program attached to their most preferred card, up from 58% two years ago. And with consumer debt practically hitting pre-recession levels, it doesn’t look like anyone’s planning to slow their spending.
A year ago, Jeff Lunnen could have shown a prospective oilfield service company 15 to 20 industrial properties for their consideration.
Weekly Market Review – May 18, 2024
Gain Therapeutics’ clinical Parkinson’s drug restores motor function in mice
Eli Lilly axes next-generation, resistance-busting RET inhibitor
What’s behind the rise of colorectal cancer in younger adults? Bacteria may have the answer
Vertex beats own record in cystic fibrosis as next-gen treatment goes up against Trikafta
Immunome pays $50M for phase 3 desmoid tumor drug, playing catch-up with SpringWorks
Dexcom adds upgraded One+ glucose monitoring system to European slate
Rallybio, with financial fuel levels falling, loses 45% of workforce to extend cash runway into 2026
Kyverna raises IPO expectations by $100M, now eyeing almost $300M for latest biotech listing of 2024
After Incyte’s commercial buy, Novartis shells out €2.7B for cancer specialist MorphoSys
