Novo Nordisk, a major pharmaceutical company, reported mixed results for the third quarter of 2024. While its blockbuster weight-loss drug, Wegovy, exceeded expectations with an 81% year-over-year sales increase, the company’s overall performance was tempered by challenges.Despite a 24% increase in overall sales for the first nine months of the …

Crude oil stoops and bounces back following a 3% decline earlier due to Trump’s victory in the US presidential election. As Trump is declared winner and gets an inconsecutive second term as US president, the effects of Tropical Storm Rafael on the Gulf become less significant. On Wednesday, the US …

Before the FOMC event, the US election continues to receive the majority of market focus. Amid increased expectations ahead of the US election results and the next Fed meeting, the US dollar was mostly defensive on Tuesday, falling to three-week lows. What you need to know on Wednesday, November 6:Despite …

Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …

The Dow Jones Industrial Average (DJIA) surged over 400 points on Tuesday, as investors eagerly awaited the outcome of the US presidential election. The index has been trading within a narrow range in recent weeks, but today’s rally pushed it closer to its near-term high.Market Expectations and Fed Rate Cut …

As voters prepare to choose the next president, the U.S. economy is, by most measures, stronger than it has been in recent election cycles, though some exceptions help explain voter discontent.The Bigger Picture Politics and voting behavior are more complex than any data series from a government website, and the …

As Americans prepare to cast their ballots on Tuesday, the price action of the US dollar is slowing down. In the event of a very close outcome, traders prepare for volatility because it may take days or weeks to choose the next US president. The US dollar index is holding …

The presidential election results will begin to come in on Tuesday night after polls close throughout the country. However, in many key states, it may take a while to know who has won and much longer to get official, certified results. There are several reasons for this delay, including the …

The US service sector continued its expansionary trend in October, with the Institute for Supply Management (ISM) Services PMI surging to 56. This reading surpassed market expectations of 53.8, signaling a robust acceleration in business activity compared to the previous month. The uptick was driven by a combination of factors, …

As the US prepares to elect a new president, analysts have outlined what a Trump victory could mean for the global economy. However, Europe could expect from Democratic candidate Kamala Harris, who has stated that her presidency would not be a continuation of Joe Biden’s presidency. In terms of domestic …