Going looking for ghosts in October isn’t a great way to see one, as it turns out. At least so far. The prevailing sense among investors and market handicappers entering the month was to expect choppy, irresolute action full of potential scares. As with most consensus beliefs, this one was plausible. This time of year typically tests nerves, more so when — as now — an election is onrushing and the S & P 500 was already up 20% for the year. Instead, the index has continued its dogged grind to new record highs, 45 of them for 2024, even…
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First scientific presentation of previously announced data from Cohort 1 of the ongoing Phase 1b clinical trial evaluating low-dose LTI-03 (2.5 mg BID) in IPF, affirms positive trends in seven of the eight biomarkers evaluated, suggesting potential therapeutic effectRecently completed enrollment of Cohort 2 evaluating high-dose LTI-03 (5 mg BID) in mid-September; topline data expected in the near-term AUSTIN, Texas, Oct. 12, 2024 /PRNewswire/ — Aileron Therapeutics (NASDAQ:), Inc. (“Aileron”) (NASDAQ: ALRN), a biopharmaceutical company advancing a novel pipeline of first-in-class medicines to address significant unmet medical needs in orphan pulmonary and fibrosis indications, today announced the presentation of two…
The US stock market is facing potential turbulence from several directions and some intrepid investors are piling into ETFs linked to the VIX. Source link
SpaceX’s groundbreaking innovation of reusable rockets has transformed space travel, making it more accessible and affordable. Elon Musk’s company’s pioneering efforts have inspired other companies to join the race to develop reusable rockets, and Dawn Aerospace, a relatively new player in the field, has achieved a significant milestone with its Aurora rocket powered aircraft. In a remarkable demonstration of same day reusability, the Aurora completed two flights in a single day at the Glentanner Aerodrome in New Zealand. The first flight took place in the morning, followed by a second flight in the evening after an eight hour turnaround. This…
The electric air taxi revolution is gaining momentum, with numerous startups developing innovative aircraft for urban transportation. Joby Aviation, a California based company, is one such startup focused on creating electric vertical take off and landing (eVTOL) aircraft. Joby’s vision is to revolutionize urban mobility by providing a sustainable, efficient, and convenient transportation option. Toyota, a Japanese automaker, has been a significant investor in Joby since 2017, supporting its eVTOL development with substantial funding and technical expertise. Toyota’s investment in Joby is a strategic move to position itself as a leader in the emerging electric aviation industry. Toyota’s $500M Boost…
Image source: Getty Images Buying shares to earn passive income has worked for millions of people over centuries. It does not always work: dividends are never guaranteed, so it is important to choose carefully. But by taking time and research to try and buy into great companies when their shares offer both a good share price and strong income prospects, I think I could aim to build up substantial long-term passive income streams even from relatively modest contributions. If I had a spare £200 per month to put into this plan, here is how I would target annual passive income…
Diversification is a key tool for dealing with stock price volatility. Of course, the aim of the game is to pick stocks that do better than an index fund. One such company is Old National Bancorp (NASDAQ:ONB), which saw its share price increase 34% in the last year, slightly above the market return of around 34% (not including dividends). However, the longer term returns haven’t been so impressive, with the stock up just 9.9% in the last three years.Let’s take a look at the underlying fundamentals over the longer term, and see if they’ve been consistent with shareholders returns. Check…
The 2025 Ford Expedition and Expedition Max, while touted as “all-new” by the automaker, face stiff competition in the full size SUV segment. Despite the significant upgrades, including a new Tremor off road package, a split tailgate, and improved interior features, the Expedition’s adoption of a smaller steering wheel might alienate some buyers. The SUV is set to hit dealerships in the spring of 2025, and it remains to be seen if its combination of practicality and luxury will be enough to secure its place as a top contender. The Expedition’s competitors, such as the Chevrolet Tahoe and Suburban, GMC…
TOKYO (Reuters) -Leaders of the group of atomic bomb survivors awarded the Nobel Peace Prize warned on Saturday that the risk of nuclear war was rising, renewing their call to abolish nuclear weapons. “The international situation is getting progressively worse, and now wars are being waged as countries threaten the use of nuclear weapons,” said Shigemitsu Tanaka, a survivor of the 1945 U.S. bombing of Nagasaki and co-head of the Nihon Hidankyo group. “I fear that we as humankind are on the path to self-destruction. The only way to stop that is to abolish nuclear,” he said. In awarding the…
Key TakeawaysMost exchange-traded fund investors say that economic and political events such as high inflation and the election have had no effect on how they invest in ETFs, according to a new report by Charles Schwab Asset Management.ETF investors are more enthusiastic about tech and growth stocks than they were last year.Younger generations of investors are more likely than older generations to express interest in investments like crypto and alternative ETFs.Millennials also want to increase their allocation to fixed-income ETFs.Market volatility, high interest rates, inflation and the upcoming presidential election haven’t affected the investment strategies of most exchange-traded fund (ETF) investors.Most…