Economy & Finance

Novo Nordisk Shares Sink After Sales Outlook Misses As US GLP-1 Competition Intensifies Novo Nordisk ADRs were clubbed like a baby seal around midday after the Danish drugmaker said in an early full-year outlook release that it expects sales to shrink 5% to 13% at constant exchange rates, far worse than the expected 1.3% decline […]

US Shoots Down Iranian Drone In ‘Self-Defense’ In Gulf Waters Update (1243ET):  A highly dangerous direct first encounter between Iranian and US forces operating in close proximity in the Persian Gulf region, as an Iranian drone has been downed: US F-35 WARPLANE SHOT DOWN DRONE IN SELF-DEFENSE: CENTCOM “USS Abraham Lincoln (CVN 72) was transiting

Watch: Viral Video Exposes Democrats’ Staggering Hypocrisy On Immigration Enforcement Authored by Steve Watson via Modernity.news, A viral video compilation circulating on X has laid bare the dramatic reversal in Democratic positions on immigration, showcasing top party figures advocating for robust border security measures that they now vehemently oppose. This shift comes amid growing public

‘SaaSpocalypse’ Strikes As Private Credit-Software Stock Vicious Cycle Accelerates Yesterday, in a must read report for everyone, we highlighted the shocking reality of the circular firing squad evolving between private credit providers (BDCs) and software companies as the latter suffers from artificial intelligence’s domination and the former’s pain grows from the massive exposure it faces

Homebuilders Working On Massive Program To Build Up To 1 Million “Trump Homes” To Boost Affordability Last October, Dubai-based billionaire and Emaar Properties founder Mohammed Alabbar unveiled an audacious $400 billion proposal to help solve America’s worsening housing shortage by building millions of housing units, describing it as both a humanitarian and economic opportunity that could

OpenAI ‘Unsatisfied’ With Some Nvidia Chips, Has Been Looking For Alternatives For Months: Report Trouble in paradise between Nvidia and OpenAI has intensified, as a new report from Reuters reveals that the ChatGPT maker has been ‘unsatisfied’ with Nvidia’s chips, and has been seeking alternatives since last year.  OpenAI Ceo Sam Altman and Nvidia CEO Jensen Huang.

Heavy Metal(s) And Concepts By Michael Every of Rabobank Markets have shrugged off heavy metal(s) even though their plunge Friday was staggering. We are up around 5% in gold this morning following reports of queues of Singaporeans buying the dip yesterday. Yet note that this happened to an asset seen as a “safe-haven”, and as

House To Vote On Package To End Partial Shutdown The U.S. House of Representatives on Tuesday will take up a bill to fund several sectors of the federal government as a partial shutdown enters its fourth day. Many Democrats – including leaders – have vowed to withhold support from the package. On Monday evening, the

‘Turnaround Tuesday’?: FundStrat’s Lee Says “All The Pieces Are In Place For Crypto To Be Bottoming” Bitcoin remains under pressure this morning, stalling after a brief rebound from a 10-month low as trader caution persisted in options activity. Trading was mostly flat, with the biggest cryptocurrency hovering below $78,500 a day after bearish sentiment nearly

Pepsi Cuts Some Prices As Much As 15% As K-Shaped Economy Squeezes Consumers Readers already know the K-shaped economy is not going anywhere, even as the Trump administration attempts to correct the imbalance ahead of the midterms. For the junk-food-hungry U.S. consumer, there was a small win on Tuesday morning. PepsiCo announced it will cut