First American Financial discloses $342 million loss on the sale of bonds
First American Financial Corp. became the latest financial services firm to reveal the pain from holdings of bonds that soured in value. Source link...
MARKET
Boeing’s stock bounces as agreement with machinists union removes a headwind
Boeing’s stock was headed for a nice bounce Monday, as the tentative agreement reached with the International Association of Machinists District 751 removed one of the headwinds the aerospace giant has been facing. Source link...
Nvidia’s stock has been a huge S&P 500 driver. Here’s why its influence could wane.
With more Nvidia earnings growth ahead, Citi says the company should still help the S&P 500’s performance, though potentially not to the same extent as before. Source link...
Summit Therapeutics’ stock pops as lung-cancer treatment beats Merck blockbuster in late-stage trial
Shares of Summit Therapeutics Inc. jumped more than 30% premarket on Monday after the biotech company released late-stage trial data showing that its experimental lung-cancer treatment topped Merck’s blockbuster Keytruda. Source link...
Elon Musk’s SpaceX targets Tuesday for historic Polaris Dawn launch
Elon Musk’s SpaceX is targeting Tuesday for the launch of the historic Polaris Dawn mission but warned that weather conditions are only 40% favorable for the launch, which has already been delayed once. Source link...
Terns Pharmaceuticals’ stock soars 30% after biotech posts positive results in trial of weight-loss drug in pill form
Terns plans to move to a Phase 2 trial for its TERN-601 small-molecule GLP-1 receptor agonist and will submit the latest data to a coming scientific conference. Source link...
Third-party U.S. presidential candidates like RFK Jr. never had a chance. Here’s why.
“America’s government teacher” Sharon McMahon says the electoral college keeps Republicans and Democrats in power. Source link...
Here’s the key reason why a half-point cut would actually hurt stocks, according to Morgan Stanley’s top strategist
Fair valuation should see the S&P 500 between 5,000 to 5,400, says Morgan Stanley’s Wilson Source link...
‘I’m trapped between warring siblings’: My late father left a ledger with $80,000 in unpaid bills from my brothers. Can the executor force them to pay?
“His will states that his estate is to be divided equally among his five children.” Source link...
Two retail analysts travelled to China and came back with three downgrades
Barclays analysts downgraded Adidas, Burberry and Gucci owner Kering following a two-and-half week trip to China in which they grew more cautious on the world’s number-two economy. Source link...
