JPMorgan has shown confidence in Viking Therapeutics by initiating coverage of the biopharmaceutical company with an overweight rating and setting a price target of $80 per share. This represents a significant upside of more than 46% from the current trading price. The firm believes that Viking’s obesity drug VK-2735 has the potential to make a
Bitcoin’s price witnessed a rise on Thursday, following a broader rally in risk-driven markets, particularly in stocks. However, the cryptocurrency still remained fragile after experiencing steep losses in the previous week. The strength in the dollar, driven by a stronger consumer price index inflation reading, limited the overall gains in cryptocurrencies. Additionally, the prospect of
The recent strong reading on U.S. consumer inflation has had a significant impact on Asian currencies. Most Asian currencies moved in a flat-to-low range on Thursday, while the dollar firmed as hopes for a wide margin cut in interest rates by the Federal Reserve were dashed. The dollar index and dollar index futures both rose
In an era where investment landscapes are being reshaped by advanced technology, Plume Network stands out as a pioneer with its recent initiative, the launch of the Mineral Vault fund in collaboration with Allegiance Oil & Gas. This debut not only marks the first venture into modular EVM chains focused on bringing real world assets
Following a fiery U.S. presidential debate, most Asian currencies saw gains as the dollar retreated. This shift in the currency market was largely influenced by the unexpected turn of events during the debate between Kamala Harris and Donald Trump. While the broader Asian currencies advanced, there was still a lingering impact from previous losses due
As the calendar year approaches its close, analysts are carefully assessing which technology stocks might outperform as we head into the fourth quarter of 2024. UBS, a prominent financial services company, has shared a list of eleven tech stock recommendations that aim to capitalize on various market trends. This comes in the wake of significant
The 2024 Olympics and Paralympics in Paris have set a high standard for the next summer Games in Los Angeles in 2028. Key stakeholders in the event have expressed confidence in the city’s readiness to host the games. Los Angeles Mayor Karen Bass highlighted the preparations needed for the 2028 Games, emphasizing the improvements expected
Dubai’s property market is currently experiencing a significant boom, with sales figures and property values reaching record highs in 2024. The increasing demand for property, particularly in the luxury segment, has not only driven up home prices but has also impacted the cost of living in the city. Chairman of Dubai property giant Damac, Hussain
The ultra-luxury real estate market has seen a surge in sales in certain key locations such as New York, Miami, and Palm Beach, Florida. According to a report from real estate firm Knight Frank, the number of homes sold for $10 million or more in the second quarter jumped significantly, with a 44% increase in
Southwest Airlines made headlines recently with the announcement of the retirement of executive chairman and former CEO Gary Kelly. This move comes amidst pressure from activist investor Elliott Investment Management for changes within the company’s leadership. In a statement to shareholders, Kelly emphasized the need for change and hinted at upcoming shake-ups within the organization.