Analysts predict packaged food manufacturers and fast-food eateries may be pushed to alter more of their goods next year when newly licensed appetite-suppressing GLP-1 tablets become accessible in January 2026. The decision comes as more Americans are likely to try the medications in pill form rather than injections, owing to the lower cost and many
Ethereum’s price has struggled to break above the $3,000 level over the past week, weighed down by continued outflows from spot Bitcoin and Ethereum exchange-traded funds. That pattern has persisted into this week, with both BTC and ETH funds seeing redemptions as investors adjust portfolios toward year-end. Against this backdrop, Ethereum remains range-bound below the
US stocks held steady on Christmas Eve, with the broad market opening virtually flat. The Dow edged marginally higher, while the Nasdaq Composite matched the S&P’s sluggish performance in a shortened trading session marked by thin holiday volumes and cautious investor positioning heading into the year-end break. The S&P 500 closed at an all-time high
Shares of Agios Pharmaceuticals surged nearly 15% in premarket trading on Wednesday after the US Food and Drug Administration approved an expanded use of its drug mitapivat, strengthening investor optimism around the company’s growth prospects. The approval allows mitapivat to be used to treat anemia in patients with both non-transfusion-dependent and transfusion-dependent alpha- or beta-thalassemia,
Latin America’s steel industry is under increasing strain as surging imports from China squeeze local markets and stall growth, despite the region’s rising demand for building materials. Industry officials argue that domestic producers face an uneven playing field, distorted by government subsidies and artificially low prices that favour Chinese steel. According to Ezequiel Tavernelli, president
Oil prices plunged with Brent falling below $60 per barrel on Tuesday for the first time in seven months. Prices were under pressure as hopes of a peace deal between Russia and Ukraine dented sentiments. Meanwhile, gold prices were steady after spending most of the day in the red, following the release of the US
Silver prices hit fresh record highs on Wednesday, above $66 per ounce. Gold prices also advanced on Wednesday, with softer labour market data from the US on Tuesday signalling a cooling economy. Meanwhile, oil prices jumped more than 2% as US President Donald Trump ordered the blockade of all sanctioned oil tankers entering and leaving
Gold prices pared losses from earlier in the day as softer-than-expected US inflation data raised hopes of Federal Reserve rate cuts next year. Silver prices fell sharply as investors booked profits after the metal had hit record highs above $66 per ounce. Meanwhile, oil prices rose as concerns about lower supply boosted sentiments among investors.
Asian markets began the week on a firm footing, buoyed by technology-led gains on Wall Street, while gold surged to fresh record highs amid expectations of easier US monetary policy. Elsewhere, China kept its benchmark lending rates unchanged despite weak economic data, and ride-hailing firms Uber and Lyft announced plans to trial driverless taxis in
