BlackRock warns that the upcoming May U.S. Consumer Price Index (CPI) report may show rising inflation due to increased energy costs linked to Middle East geopolitical tensions. Economists expect inflation to hit 4.2%, the highest since April 2023, which could prompt the Federal Reserve to maintain or raise interest rates. Higher rates typically reduce demand for risk assets like cryptocurrencies, contributing to Bitcoin's recent nearly 14% drop below $60,000. BlackRock also highlights risks from a potential prolonged closure of the Strait of Hormuz, which could worsen energy supply disruptions and inflation, increasing market volatility.
The Treg cell-based therapies pipeline is robust with more than 29 pharmaceutical companies developing over 35 therapies targeting autoimmune diseases, graft-versus-host disease, and transplant rejection. Key players like Orca Bio, Cellenkos, and Que...
JM Smucker reported fiscal Q4 2026 adjusted earnings of $2.77 per share, surpassing analysts' $2.64 estimate, with net sales up 6% to $2.268 billion. Growth was driven by a 12% increase in U.S. retail coffee sales, aided by pricing actions and strong...
Technology stocks saw a sharp decline after an initial morning rally faded, with the semiconductor-focused ETF SOXL plunging 16.43% and AMD dropping nearly 7%. The selloff was driven by active short selling and investor caution ahead of the upcoming ...
ERShares has implemented measures to protect long-term investors in its XOVR ETF, which holds private exposure to SpaceX, ahead of SpaceX's expected historic IPO on June 12. The fund will restrict large creation orders and may impose up to 2% redempt...
Velo3D has formed a strategic partnership with Aurelia Technologies to enhance additive manufacturing for next-generation gas turbines. This collaboration aims to improve design efficiency and supply chain resilience, potentially lowering production ...
