Treasuries gave back ground after seeing initial strength but moved back to the upside over the course of the trading session on Wednesday. Bond prices bounced back firmly into positive territory after pulling back near the unchanged line. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slid 4.5 basis points to 3.877 […]

Oil prices moved up sharply on Thursday, recording strong gains for a second straight day, lifted by a weak dollar and an upward revision in global oil demand forecast by the International Energy Agency (IEA). Concerns about the security of Middle East supplies following a tanker attack in the Red Sea off Yemen’s coast contributed as well to the uptick […]

Crude oil prices fell to a six-month low on Tuesday amid lingering concerns about the outlook for fuel demand and worries about possible oversupply in the market. Also, data showing persisting inflationary pressures reinforced the view that the Federal Reserve is unlikely to cut interest rates anytime soon. West Texas Intermediate Crude oil futures for January ended down $2.71 or […]

Syros Pharmaceuticals (SYRS) announced Wednesday positive initial data from its ongoing SELECT-AML-1 Phase 2 trial evaluating tamibarotene, in combination with venetoclax and azacitidine in newly diagnosed, unfit patients with acute myeloid leukemia or AML and RARA gene overexpression. In pre-market activity on Nasdaq, the shares were gaining around 10 percent to trade at $3.09. Tamibarotene is an oral, selective, retinoic […]

Save articles for later Add articles to your saved list and come back to them any time. The self-declared status of one of China’s largest shadow banks as “severely insolvent” has revealed another crack in a financial system being stressed by the abrupt and disruptive shifts in the country’s economic growth model and trajectory. Last week, Zhongzhi Enterprise Group warned […]

Save articles for later Add articles to your saved list and come back to them any time. AMP is trying to limit the crunch on its banking profits by joining the rush to target the small business market, investing $60 million in a new digital bank to provide transaction and savings accounts to customers such as tradies, hairdressers and contractors. […]

After closing roughly flat for two consecutive sessions, treasuries showed a substantial move to the upside during trading on Tuesday. Bond prices skyrocketed early in the trading day and remained sharply higher throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, plunged 19.1 basis points to 4.441 percent. With the […]

Save articles for later Add articles to your saved list and come back to them any time. Interest rates are breaking through a key barrier: it’s now possible to make returns that are slightly above inflation simply by putting your money in the bank. Until recently, holding money in a “high interest” savings account would still leave you with less […]

Oil prices jumped around 4 percent in European trade on Friday amid supply concerns and heightened geopolitical risks in Israel and Gaza. Brent crude futures jumped 3.7 percent to $89.16 a barrel, while WTI crude futures were up 3.9 percent at $86.14. Supply concerns resurfaced after the U.S. tightened sanctions against Russian crude exports. The U.S. Treasury Department said that […]

Oil prices traded sharply higher in European trade on Thursday after two days of losses. Benchmark Brent crude futures rallied 1.2 percent to $86.86 a barrel, while WTI crude futures were up 1 percent at $84.30. Oil prices fell earlier in Asian trading, giving up all of the gains seen following Hamas’ attack on Israel last weekend after industry data […]