As weight-loss drugs fuel a dramatic shift in American waistlines, Wall Street is eyeing an unexpected beneficiary of the trend: the airline industry. Analysts at Jefferies suggest that the widespread adoption of obesity drugs could lead to significant fuel savings for carriers, as lighter passengers reduce overall aircraft weight and enhance fuel efficiency. With fuel
The cryptocurrency market rally has stalled after Bitcoin briefly touched the $98k level on Wednesday. At press time, Bitcoin is trading above $95,500, up 5% in the last seven days. Leading altcoins Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps, hovering around key levels after their upside moves. Market analysts are optimistic that Bitcoin’s price
Toncoin (TON) has experienced recent volatility as broader market conditions weigh on cryptocurrencies. The token is currently priced at $1.72, down 3.3% over the past 24 hours. This decline comes despite a 30-day gain of 14.71%, illustrating the high-beta nature of TON in volatile markets. The cryptocurrency is underperforming the broader crypto market, which has
US stocks rose on Friday, the first trading day of 2026, as technology shares extended their momentum from last year’s artificial intelligence-driven rally and investors entered the new year with a broadly constructive outlook. The Dow Jones Industrial Average traded 124 points higher, or 0.3%, while the S&P 500 gained 0.6%. The Nasdaq Composite outperformed,
The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) had a strong performance last year as it jumped to a record high of $59. It has risen in the previous three consecutive years, with its assets under management (AUM) rising to over $32 billion. Similarly, the NEOS Nasdaq 100 High Income ETF (QQQI) rose to a
US stocks were little changed on Tuesday as Wall Street paused after a strong rally in the previous session that pushed the Dow Jones Industrial Average to fresh record levels. Investors weighed a major artificial intelligence announcement from Nvidia against increasingly divergent signals from Federal Reserve officials on the future path of interest rates. The
US stocks delivered a mixed performance on Wednesday, with the Dow Jones Industrial Average climbing to a fresh record as investors continued to navigate geopolitical developments, shifting energy markets, and new labour market data. The 30-stock Dow advanced 120 points, or 0.2%, extending its strong start to 2026 and setting a new all-time high. The
There’s been a fairly positive start to the New Year as far as equities are concerned. The first week of January saw the Dow Jones Industrial Average and the S&P 500 trade at fresh all-time highs. Both the tech-heavy NASDAQ and the small cap Russell 2000 continue to hover a touch shy of their own
US equities opened lower on Thursday, pushing the S&P 500 and the Dow Jones Industrial Average further away from their recent record highs, as weakness in major technology stocks offset a sharp rally in defence names and investors digested fresh labor market data. The S&P 500 slipped 0.1%, while the 30-stock Dow fell 108 points,
US stocks were little changed on Friday as investors digested a softer-than-expected jobs report and awaited a potential ruling from the US Supreme Court that could have significant implications for trade policy. The S&P 500 rose 0.2%, while the Nasdaq Composite hovered around the flatline. The Dow Jones Industrial Average outperformed, gaining 184 points, or