US Air Travel Is Headed for Its First Annual Decline Since 2020 as Fares Jump More Than 22%, and Airlines Say That’s Fine
US airport screenings are on track for their first annual decline since 2020 as fares jump more than 22%, but...
Robinhood Says Bitcoin, Gold and Oil Contracts Are Now Its Fastest-Growing Prediction Markets as Traders Move Beyond Sports
Robinhood says bitcoin, gold and crude oil volatility contracts are its fastest-growing prediction markets, with some crypto bets settling in...
Dow Sheds More Than 500 Points as Brent Tops $116, VIX Breaks 20 and Telecoms Slide on SpaceX Wireless Push
The Dow fell more than 500 points Friday as Brent hit a six-month high, the VIX rose above 20 and...
Moderna and Merck’s Cancer Vaccine Cut Melanoma Recurrence Risk by 42%, and Doctors Call It a Breakthrough Despite the Stock Sell-Off
Six melanoma specialists call Moderna and Merck’s Phase 3 cancer vaccine data a major advance, even after Moderna shares fell...
American Express Cuts 5% of Its Workforce and Takes a $336 Million Charge to Prepare for AI, Even as Q3 Earnings Beat
American Express is cutting 5% of its global workforce with a $336 million charge to prepare for AI, even as...
Calpers Cut Its Directly Held Magnificent Seven Shares by 26% as It Pivots Toward Private Equity
Calpers is shifting away from large US tech companies toward private equity, saying private companies are priced at more attractive...
Gold Slipped Below $4,000 in a Liquidity-Driven Selloff as Fed Hike Odds for Next Week Fell Below 10%
Gold dipped below $4,000 an ounce to its lowest since mid-July as investors sold the metal to raise cash during...
Lycia Therapeutics Raised $317.5 Million in an Upsized IPO Priced at the Top of Its Range, Valuing It at $990.6 Million
Food allergy biotech Lycia sold 17.64 million shares at $18, the top of its range, ahead of its Nasdaq debut...
Global Corporate Bond Spreads Hit Their Widest Since May 2025 at Up to 129 Basis Points, and CreditSights Sees a Sustained Repricing
Global corporate bond spreads widened to their highest since May 2025 as the AI selloff pushed credit markets into their...
Bonds Are Working as a Hedge Again, as the Treasury-AI Stock Inverse Link Hits Its Strongest in a Year
A gauge of the inverse link between Treasuries and AI stocks is at its strongest in a year, as the...
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