As the Bank of Japan (BOJ) commenced its two-day rate-setting meeting, the yen found itself on the weaker side of 155 per dollar, sparking nervousness among traders about the possibility of Tokyo intervening while policy deliberations were still ongoing. The dollar broke above the 155 yen level, reaching a 34-year high of 155.74 yen on
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Walgreens recently announced a significant expansion of its specialty pharmacy services by launching a new business unit dedicated to bringing cell and gene therapies directly to U.S. patients. This move comes as chronic diseases continue to rise, necessitating specialized medications that require careful handling and distribution. Impact of Specialty Pharmacies Specialty pharmacies have become a
The municipal bond market experienced slight weakness in secondary trading on Wednesday, with a particular focus on the Los Angeles Unified School District’s nearly $3 billion pricing for institutions. The rise in U.S. Treasury yields and mixed performances in equities also contributed to the market dynamics. Despite this, GW&K Investment Management strategists noted that munis
As the earnings season unfolds, there is potential for a breakthrough in the often overshadowed part of the financial sector, particularly for the Global X FinTech ETF (FINX). While major Wall Street players typically dominate the spotlight, technical analyst Rob Ginsberg believes that the FINX ETF is currently looking attractive after a prolonged period of
Meta Platforms, the parent company of Facebook, is gearing up to release its first-quarter earnings report after the closing bell on Wednesday. The tech giant has been on a winning streak, with its stock price soaring about 40% in 2024 and nearly 200% the year before. Despite the recent market pullback, Meta has managed to
The California Supreme Court has granted review of a case challenging retirement reforms state lawmakers approved 11 years ago, marking a return of pension spiking questions to the high court for the first time since a 2020 ruling on an Alameda County case. The new case — Ventura County Employees’ Retirement Association v. Criminal Justice
The recent increase in mortgage rates for the third consecutive week has led to a decrease in mortgage application demand. According to the Mortgage Bankers Association, application demand dropped by 2.7% compared to the previous week. This decline is a concerning trend for potential homebuyers who may be deterred by higher interest rates. Applications to
In a world where meme coins are experiencing unprecedented growth but also facing increasing scams and rug pulls, the launch of FOMO BULL CLUB’s inaugural meme coin launchpad on the Base blockchain marks a significant step forward. This decentralized platform empowers the community to not only participate in meme coin creation but also to play
Most Asian currencies experienced a slight increase in value on Wednesday, as the dollar showed signs of weakness, providing some relief to regional markets. However, the Japanese yen continued to underperform, despite concerns about potential government intervention. The USDJPY pair remained near 34-year highs and close to the 155 level, with little respite from the
Boeing’s upcoming quarterly report is anticipated to highlight the repercussions of the recent incident involving the midair loss of a door plug from a 737 Max 9 plane in January. This unfortunate event not only triggered a new safety crisis for the aviation giant but also led to unforeseen financial implications. Analysts are predicting that