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Stocks
Sagimet soars as oral acne drug aces late-stage trial in China
** Shares of drug developer Sagimet Biosciences SGMT.O rise 52% to $5.53 premarket** SGMT says its oral acne drug, denifanstat, met the main goals in a late-stage trial conducted by its Chinese partner Ascletis 1672.HK** Denifanstat showed 33.2% treatment success rate versus 14.6% for placebo** Deni...Reuters
Wed, Jun 4
Stocks
Germany's DAX climbs to fresh record high
LONDON, June 4 (Reuters) - Germany's benchmark DAX index .GDAXI touched a fresh record high on Wednesday. The index rose 1% to a record high of 24340.090 points, surpassing the previous record scaled on May 28. It has risen 22% so far this year, compared with a-near 9% rise in the STOXX 600 .STO...Reuters
Wed, Jun 4
Cryptocurrencies
Meme coins to watch: WIF, SPX, and APE show bullish potential
Dogwifhat (WIF), SPX6900 (SPX), and Apecoin (APX) are the select meme coins in the green on Wednesday with a bullish trend so far this week. The technical outlook of WIF, SPX, and APE suggests a potential breakout rally to shape a bullish week.
Fxstreet
Wed, Jun 4
Other
Fed's Inaction Spurs Bessent to Act! U.S. Treasury Executes Record-Breaking Treasury Buyback
TradingKey - On Tuesday, June 3, at 2 p.m. EST, the U.S. Treasury announced the results of its unprecedented $10 billion Treasury buyback. This marks the largest single Treasury buyback operation in history.TradingKey
Wed, Jun 4
Stocks
Should You Follow Billionaire Bill Ackman Into Amazon Stock?
Billionaire Bill Ackman recently revealed that his Pershing Square Capital Management investment fund took a large stake in Amazon (NASDAQ: AMZN) in April. Ackman was buying the stock following the market downturn after President Donald Trump's "Liberation Day" tariff announcements roiled the market...The Motley Fool
Wed, Jun 4
Other
EU's Sefcovic says he had productive talks with US trade representative Greer
PARIS, June 4 (Reuters) - European Union Trade Commissioner Maros Sefcovic said on Wednesday that he had held productive talks with United States' trade representative Jamieson Greer, as the EU and U.S. try and find a deal over trade tariffs."Had a productive and constructive discussion with...Reuters
Wed, Jun 4
Other
Autoliv Reiterates FY 2025 Guidance, Declares Q3 Dividend Of 85 Cents
June 4 (Reuters) - Autoliv Inc ALV.N:DECLARES A QUARTERLY DIVIDEND OF 85 CENTS FOR Q3 OF 2025REITERATES FULL YEAR 2025 GUIDANCEBOARD OF DIRECTORS APPROVED NEW STOCK REPURCHASE PROGRAM OF UP TO $2.5 BILLION EFFECTIVE JULY 1, 2025 THROUGH DECEMBER 31, 2029AMBITION OF AVERAGE ANNUAL SHARE REPURCHASES B...Reuters
Wed, Jun 4
Forex
USD/CAD breaks below 200-DMA, downtrend persists – Société Générale
USD/CAD continues its descent after slipping below the 200-DMA, now hovering near a long-term trend line. While momentum indicators show some signs of stabilization, the technical outlook remains fragile without a clear bounce, Société Générale's FX analysts note.
Fxstreet
Wed, Jun 4
Other
ERS promotes Hall to managing director, Tillbrook named active underwriter
By Rebecca DelaneyJune 4 - (The Insurer) - Specialist motor insurer ERS has appointed Martin Hall as managing director with responsibility for the performance of Syndicate 218. In his new role, which is subject to regulatory approval, Hall will report directly to IQUW group CEO Peter Bilsby.Hall joi...Reuters
Wed, Jun 4
Other
Top Philippine senator to seek dismissal of Duterte impeachment case
Draft resolution says Senate failed to act promptly on impeachmentPresident, vice president embroiled in a bitter rowDuterte a likely contender for 2028 presidencyBy Karen Lema, Mikhail Flores MANILA, June 4 (Reuters) - A top Philippine senator has drafted a resolution seeking to dismiss an impea...Reuters
Wed, Jun 4
Stocks
Prediction: Nvidia's Rebound From the Correction Will Continue to Beat the Market
Nvidia (NASDAQ: NVDA) shares recovered nicely after the April market swoon. The stock is now just 10% off its all-time high, as of this writing. After a correction that bottomed on April 5, Nvidia shares have rocketed 48% higher. That compares to just a 27% rebound by the Nasdaq Composite since its ...The Motley Fool
Wed, Jun 4
Commodities
Iran's Khamenei dismisses US nuclear proposal, vows to keep enriching uranium
Khamenei calls US 'rude and arrogant'Iran's leaders grappling with multiple crisesFive rounds of nuclear talks have not bridged gapsBy Parisa Hafezi, Elwely Elwelly and Jana Choukeir DUBAI, June 4 (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that aba...Reuters
Wed, Jun 4
Stocks
Prediction: Eli Lilly Will Reach a $1 Trillion Valuation by 2027
Eli Lilly (NYSE: LLY) has been a growth beast over the years and is now easily the most valuable healthcare company in the world, with a market cap of more than $650 billion. But there's still much more growth on the horizon for the business in the years ahead.Although as of this week the stock has ...The Motley Fool
Wed, Jun 4
Forex
NZD/USD: Likely to consolidate between 0.5985 and 0.6030 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate between 0.5985 and 0.6030. In the longer run, rapid buildup in upward momentum indicates further NZD strength; the level to monitor is 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jun 4
Other
Virgin Australia returns to stock market with launch of $443 million IPO
Virgin's IPO largest in Australia this year Institutional investors can bid for Virgin shares until ThursdayA successful listing would be seen as confidence in consumer spending By Scott MurdochJune 4 (Reuters) - Virgin Australia IPO-VIR.AX is set to return to the stock market after a five-year ...Reuters
Wed, Jun 4
Other
Fitch downgrades Afreximbank to one notch above 'junk'
By Libby George LONDON, June 4 (Reuters) - Fitch downgraded Afreximbank's credit rating to one notch above junk on Wednesday, with a negative outlook, citing high credit risks and weak risk-management policies. The one-notch downgrade to BBB- comes as the African lender battles to protect its...Reuters
Wed, Jun 4
Stocks
A 300% Increase in AI Data Center Demand Will Propel Growth for These 3 High-Yield Stocks
Artificial intelligence (AI) isn't technically a living thing, even though it can seem like one at times. The truth is, if you stop providing electricity to the hardware that supports any AI system, it ceases to operate. And that's the big story behind the growth opportunity ahead for NextEra Energy...The Motley Fool
Wed, Jun 4
Forex
USD/CAD Price Forecast: Tests initial support near 1.3950, followed by nine-day EMA
The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3710 during the European hours on Wednesday. The daily chart's technical analysis suggested a persistent bearish sentiment, as the pair consolidates within the descending channel pattern.Fxstreet
Wed, Jun 4
Commodities
UAE firm IRH agrees to buy controlling stake in Congo tin miner Alphamin
DAKAR, June 4 (Reuters) - International Resources Holding (IRH) said on Wednesday it will acquire a controlling stake in major tin producer Alphamin Resources Corp AFM.V for C$503 million ($367 million), a significant expansion into critical minerals for the Abu Dhabi-based mining company.IRH will p...Reuters
Wed, Jun 4
Stocks
Marjorie Taylor Greene Just Loaded Up on This Monster Artificial Intelligence (AI) Stock That Continues to Crush the Market
U.S. Rep. Marjorie Taylor Greene, a Georgia Republican, recently disclosed some buys in red-hot artificial intelligence (AI) stock Palantir Technologies (NASDAQ: PLTR), according to data compiled by Capitol Trades, which follows the trading activity of politicians. According to the disclosures, the ...The Motley Fool
Wed, Jun 4
