FTX's Chapter 11 Plan Set to Take Effect on January 3, 2025

FTX Trading Ltd. and its affiliated debtors announced that their Chapter 11 Reorganization Plans will take effect on January 3, 2025. This development paves the w...

Trump Indicates Reevaluation of TikTok Ban

In recent developments, President-elect Donald Trump indicated a possibility of reevaluating the upcoming ban on TikTok Inc., in contrast to his previous stance d...

Pharmacy Benefit Manager Stocks Plummet After Promises to Lower Drug Costs

Following presidential candidate Donald Trump's recent statement about eliminating "middlemen" to lower drug costs, shares of companies that own pharmacy benefit ...

Ukraine Reiterates Its Intent to Halt Russian Gas Transit by December 31

The Ukrainian government has announced that it will not renew its agreement with Russia regarding the transit of Russian gas through Ukraine. The current contract...

French Central Bank Lowers Growth Forecast Amid Political Turmoil

The Bank of France published its quarterly outlook on Monday, announcing a downward revision in the country’s economic growth projections for the coming years. Th...

Post-Market Movers: Tesla, eBay, Affirm, EVgo

Post-Market Stock Movements: Tesla (NASDAQ:TSLA) rose by 1.4%. Mizuho analysts upgraded the company's stock rating from Neutral to Outperform, raising the price t...

GEO Group Appoints New CEO and Considers Asset Sales to Reduce Debt

The GEO Group, Inc. (NYSE:GEO) announced significant changes in its executive leadership and strategic financial maneuvers aimed at enhancing its service offering...

Banxico Expected to Cut Interest Rates by 25 Basis Points - Analyst

Bank of America forecasts that the Bank of Mexico (Banxico) will lower its policy rate by 25 basis points to 10.00% at its meeting on December 19. The financial i...

EVgo Subsidiary Plans to Sell 23 Million Shares as Stock Declines

LOS ANGELES - Electric vehicle charging station network operator EVgo Inc. (NASDAQ: EVGO) announced that its subsidiary EVgo Holdings, LLC is preparing to sell 23...

Larimar Shares Decline Despite Positive Data Amid Negative Developments

On Monday, shares of Larimar Therapeutics experienced a significant decline following a data update from an ongoing Friedreich's ataxia treatment study. The updat...

Supreme Court Ruling Strikes a Blow to Telecom Stocks like AT&T and Verizon

On Monday, shares of telecom giants AT&T, Verizon, and Comcast fell after the Supreme Court declined to hear a challenge to a New York law that sets broadband pri...

Goldman Sachs Expects ECB to Continue Rate Cuts with Policy Shift

Goldman Sachs, in its recent assessment of the European Central Bank's (ECB) monetary policy, provided forecasts regarding the bank's future interest rate decisio...

AeroVironment Stocks Surge After GAO Decision

AeroVironment Inc. (NASDAQ:AVAV) shares rose by 9.6% following the U.S. Government Accountability Office's (GAO) dismissal of a challenge against the Army's contr...

Sangamo Stocks Surge as Roche Withdraws Gene Therapy

Sangamo Therapeutics shares rose significantly, climbing as much as 36%, following the announcement that pharmaceutical giant Roche has halted its gene therapy pr...

Tanker Report: A Tanker Loading at Ceyhan BTC, Another Departing from the Port

Forex - A tanker has departed from the Ceyhan BTC Terminal, which is the second step in delivering oil from Azerbaijan via the Baku-Tbilisi-Ceyhan (BTC) pipeline ...

Market Outlook: Copper Trades in a Narrow Range as Investors Await Fed's Interest Rate Decision

Forex - Copper prices fluctuated within a narrow range today, as traders exhibited a cautious stance ahead of the U.S. interest rate decision.

Three-month coppe...

China Expected to Maintain Economic Growth Target at Approximately 5% for 2025

Forex - China is expected to maintain its economic growth target at around 5% for 2025. According to sources cited by Reuters, Chinese leaders agreed last week to...

Market Outlook: Goldman Says China Could Maintain 5% GDP Growth Target Next Year

Goldman Sachs analysts believe that China is likely to maintain its GDP growth target of "around 5%" in 2025, similar to this year's target. Goldman maintains the...

Market Outlook: Goldman Predicts China Could Achieve 5% GDP Growth Target Next Year

Goldman Sachs analysts believe that China is likely to maintain its GDP growth target of "around 5%" in 2025, similar to this year's target. Goldman maintains its...

French Central Bank Cuts 2025 Growth Forecast to 0.9%

Forex - The Bank of France has revised its growth forecast for 2025 downward due to "increasing uncertainties" in both domestic and international economic outlook...

Minister Şimşek: “Minimum Wage Will Increase Above Inflation”

Treasury and Finance Minister Mehmet Şimşek provided important messages regarding the minimum wage in a recent statement. Şimşek noted that “the minimum wage will...