Morgan Stanley recently made headlines by becoming the first major Wall Street bank to allow their financial advisors to offer bitcoin ETFs to eligible clients. This groundbreaking move is a clear indication of the increasing adoption of bitcoin by mainstream finance. The firm’s 15,000 financial advisors will now have the opportunity to solicit eligible clients
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Recently, the average rate on the 30-year fixed mortgage has plummeted significantly to 6.4%, marking the lowest since April 2023. Additionally, the 15-year fixed rate has dropped to 5.89%, the lowest level seen since early May 2023. This sudden decrease is a result of a weaker-than-expected monthly employment report, causing bond yields to fall rapidly.
Eli Lilly’s recent late-stage trial data on their weight loss drug, Zepbound, has shown promising benefits for patients with a common type of heart failure and obesity. This adds to the growing evidence that Zepbound, along with other GLP-1 drugs, may have broader health benefits beyond weight loss and regulating blood sugar levels. Benefits of
Moderna recently reported second-quarter revenue that exceeded expectations but simultaneously slashed its full-year sales guidance. The reasons cited for the decline in expected sales include lower anticipated sales in Europe, as well as a challenging competitive environment for respiratory vaccines in the U.S. Additionally, the potential for deferred international revenue until 2025 has further compounded
Boeing has recently announced the appointment of Robert “Kelly” Ortberg as its new CEO, a move aimed at providing steady leadership in the midst of the company’s ongoing safety and manufacturing crises. Ortberg, a seasoned aerospace veteran, brings with him decades of experience in the industry, having previously led major aerospace supplier Rockwell Collins. As
The 2025 Ford Maverick has undergone a significant redesign, incorporating a slew of new features and upgrades to appeal to modern consumers. The refreshed exterior and interior styling, along with a 13.2-inch center touchscreen, bring a touch of sophistication to the vehicle. Moreover, the introduction of an all-wheel-drive hybrid option provides buyers with more choices
The latest data released by Japanese drugmaker Eisai showcases the positive impact of the breakthrough Alzheimer’s drug Leqembi on patients over an extended period of three years. The study results indicate the critical need for patients to remain on the treatment for an extended period to experience its long-term benefits. One of the key findings
The aviation industry, particularly manufacturers like Boeing and Airbus, has been facing significant challenges in ramping up airplane production post-pandemic. Issues such as training new workers have been highlighted as key areas that will take years to rectify. The impact of these struggles extends beyond the manufacturers themselves to airlines and suppliers who are left
Spirit Airlines, a Florida-based carrier known for its budget air travel in the U.S., recently announced a change in its offerings. The airline plans to introduce new ticket packages for its highest-priced tickets, combining perks that were previously offered as add-ons for additional charges. This move comes as Spirit faces challenges such as a blocked
McDonald’s executives recently admitted to facing challenges in recapturing consumer interest, particularly in terms of affordability. In the wake of a challenging second quarter, U.S. President Joe Erlinger emphasized the need for a renewed focus on value meal platforms. The company struggled to convince customers of its affordability, leading to declining same-store sales in key