US Online Food Prices Post First Year-on-Year Drop Since Covid

Nov 12, 2024 | Markets

Online grocery prices declined in October from a year earlier, the first such drop since the arrival of Covid more than four years ago. Food costs fell 0.1% from the same period of 2023, according to data from Adobe that’s based on about 1 trillion visits to retail...

Trump’s Market Honeymoon Won’t Last Much Longer

Nov 11, 2024 | Markets

Stocks grab all the headlines, but bond and currency markets show where trouble might be brewing. Hedge fund manager Scott Bessent, reported to be in line for a top job in the Trump administration such as Treasury secretary or Federal Reserve chair, wrote in a Wall...

Top Gold ETF Sees Largest Weekly Outflow Since 2022 on Trump Win

Nov 11, 2024 | Markets

The world’s largest gold-backed exchange traded fund recorded it biggest weekly outflow in more than two years last week as Donald Trump’s decisive election win prompted traders to book profits. SPDR Gold Shares (GLD) saw an outflow of over $1 billion, the largest...

AbbVie Tumbles After New Schizophrenia Drug Fails Two Trials

Nov 11, 2024 | Markets

Company acquired drug as part of $8.7 billion Cerevel purchase Bristol jumps most in 18 years after competitor’s setback AbbVie Inc. shares fell the most in more than four years after two mid-stage trials of its drug to treat schizophrenia failed to meet their primary...