Spanish Inflation Jumps to Most Since August on Base Effects
(Bloomberg) -- Spanish inflation quickened to the fastest pace since August, though the acceleration was driven by base effects and is unlikely to scupper plans for the European Central Bank to continue lowering interest rates.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasConsumer prices advanced 2.4% from a year ago in November, according to natio
Pony AI fetches $5.25 billion valuation as shares jump 15% in Nasdaq debut
The IPO comes after nearly two years of uncertainty sparked by Didi Global's delisting, which was followed by a long-standing audit dispute between Beijing and the U.S. that was eventually resolved in December 2022. Pony AI Chief Executive Officer James Peng said President-elect Donald Trump's return to the White House did not influence the timing of the listing. However, the company faces other challenges, including public skepticism about autonomous vehicles, data privacy concerns, and competition from companies, including Elon Musk's Tesla, which has promised to roll out driverless ride-hailing services to the public in California and Texas next year.
Pantera Capital Predicts Bitcoin Could Reach $740,000 by 2028, Fueled by Changing Regulations and Institutional Investment
Pantera Capital predicts Bitcoin could reach $740,000 by 2028, driven by regulatory shifts, institutional adoption, and its historical growth trends.
Turkey Said to See Fewer Lira Interventions as Inflation Slows
(Bloomberg) -- A senior Turkish central banker told international investors this week that authorities expect to intervene less in the foreign-exchange market over time, according to people familiar with the discussions.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn meetings in London, Deputy Governor Cevdet Akcay said he expects improving inflat
Nordstrom Q3 Sales Grow, But Analysts Remain Cautious On Stock Amid Slowing Sales And Elevated Inventory
Nordstrom, Inc. (NYSE:JWN) shares are trading lower on Wednesday. For the third quarter, the company’s net sales increased 4.6% compared to the same period in fiscal 2023, total company comparable sales increased 4.0%, and gross merchandise value increased 5.3%. JP Morgan analyst Matthew R. Boss reiterated the Underweight rating on the stock, raising the price forecast to $21 from $20. The analyst notes that despite favorable conditions for Nordstorm’s core customer base, including high personal
How Trump's tariffs might warp two crucial readings on the health of the US economy
In carrying out campaign promises on trade and the border, Trump risks worsening the inflation dilemma that catapulted him to power.
Analysts reset stock price targets on three popular consumer stocks
Investment firms take aim at three major retailers as the holiday shopping season gets underway.
How Elon Musk's memes, jokes, and passing thoughts influence the stock market
From Lockheed Martin to Etsy, the opinions Elon Musk shares on social media affect companies' stock and share values.
Axsome Therapeutics' AXS-12 Data For Sleeping Disorder Boosts Confidence In Approval And Market Potential, Analyst Says
On Tuesday, Axsome Therapeutics Inc (NASDAQ:AXSM) said AXS-12 statistically significantly reduced the frequency of cataplexy attacks compared to placebo (p=0.017, primary endpoint) in Phase 3 ENCORE trial. AXS-12 was also well tolerated with long-term dosing, and its safety profile was consistent with that observed in previously completed trials. The primary endpoint was achieved with patients randomized to switch to placebo experiencing a mean increase of 10.29 cataplexy attacks per week compar