Investors are bailing on CorMedix (NASDAQ: CRMD) today after the biotech firm guided for up to $320 million in revenue for its fiscal 2026. The announcement isn’t sitting well with shareholders, primarily because CRMD’s topline was roughly $400 million in the prior year, according to the preliminary full-year financials it posted on Thursday. Simply put, […]
US stock indexes edged higher on Thursday after shaking off early morning weakness tied to mixed labor market signals and cautious investor positioning ahead of Friday’s employment report. The S&P 500 recovered from small opening losses to trade just barely positive, while the Dow led the session with a 0.6% gain, buoyed by rotations into […]
Tonight’s top headlines span geopolitics and global tech tensions. In Washington, the US Senate is moving to curb President Trump’s war powers by advancing a resolution that would require congressional approval before further military action in Venezuela. Meanwhile, Trump’s administration is entertaining an unusual proposal to pay Greenlanders to consider independence. China has launched a […]
The government plans to modify their business rate increase schedule for pubs through upcoming announcements, which will establish rate increase boundaries. The Treasury officials understand how venues face financial challenges because rateable value assessments have resulted in significant increases, which they are working to reduce. The policy change occurred because of continuous demands from property […]
India’s market regulator has accused Bank of America of improperly sharing material nonpublic information related to a major block trade in 2024 and of misleading investigators during a subsequent probe, reported Wall Street Journal, citing people familiar with the matter. The allegations stem from a yearlong investigation by the Securities and Exchange Board of India […]
Samsung Electronics expects record, above-consensus earnings for the final quarter of 2025, underscoring the scale of an artificial-intelligence-driven rebound in the global memory-chip market. The South Korean technology giant said demand linked to AI infrastructure has pushed chip prices sharply higher, restoring its semiconductor business as its main profit engine. In preliminary results released Thursday, […]
Asian markets traded unevenly on Thursday as investors weighed geopolitical risks, mixed signals from the US labour market, and sharp moves in commodities, while corporate earnings optimism was led by Samsung Electronics, which expects record quarterly profits on the back of an AI-driven memory chip boom. The day’s developments also included escalating US actions on […]
Global copper demand is projected to increase by 50% by 2040, driven by growth in the artificial intelligence and defense sectors. However, according to the consultancy S&P Global, annual supplies are expected to face a shortfall of over 10 million metric tons unless recycling and mining efforts are increased. Copper’s enduring popularity stems from its […]
Germany’s industrial sector showed an unexpected burst of activity in November, offering a more nuanced picture of demand conditions in Europe’s largest economy. Fresh data released on Thursday pointed to a sharp monthly rise in orders, defying market expectations of a decline. The headline gain was shaped largely by large-scale contracts, while underlying demand improved […]
JPMorgan Chase has agreed to take over the Apple credit-card program from Goldman Sachs, marking a significant shift in the US consumer finance landscape and bringing an end to Goldman’s troubled foray into mass-market lending. Under the deal, JPMorgan will become the new issuer of the Apple Card, one of the largest co-branded credit-card programs […]