Author: News Room

Check out the companies making headlines in midday trading. Geron Corporation — Shares of the biotech company soared 92% after a U.S. Food and Drug Administration advisory panel voted in favor of Geron’s blood disorder treatment, imetelstat. Geron expects a regulatory decision in June. Micron Technology — The semiconductor stock gained 2% after Citi named Micron one of its top picks and increased its price target by $55 to $150. The bank said shares deserve a premium given the company’s increasing exposure to artificial intelligence. Rivian Automotive — Shares popped 3.3% after Piper Sandler upgraded the electric vehicle maker to…

The Google office in New York on February 2, 2023.Ed Jones | Afp | Getty ImagesAllison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of looking for a job right now: “Insane.””Everybody else is also getting laid off,” said Croisant, who lives in Omaha, Nebraska, where she worked remotely for PayPal.Her sentiment is reflected in the numbers. Since the start of the year, more than 50,000 workers have been laid off from…

JPMorgan analysts have noted that allocation of Bitcoin (BTC) in investor portfolios has surpassed that of gold when adjusted for volatility. Specifically, Bitcoin’s allocation is 3.7 times greater than that of gold. Moreover, they pointed out a net inflow of $9 billion into Bitcoin ETFs since their inception, which offsets outflows from Grayscale. Bitcoin Achieves Milestone Against Gold JPMorgan’s declaration suggests a potential Bitcoin ETF market size of $62 billion if gold is used as a benchmark. Furthermore, February marked a notably optimistic period for the cryptocurrency market, with the total market capitalization soaring by nearly 40% month-over-month to $2.2…

Mexican Peso sees modest losses as US inflation data tempers Fed easing expectations. Industrial Production in Mexico shows resilience, reinforcing views on potential Banxico rate adjustments. Deputy Governor Omar Mejia hints at upcoming rate cuts, with a focus on maintaining restrictive monetary policy. US Industrial Production recovery and shifts in consumer sentiment barely move the USD/MXN currency pair. The Mexican Peso depreciated against the US Dollar late on Friday’s session yet is still set to finish the week on a higher note, with gains of 0.50%. Today’s main driver is traders repricing a less dovish Federal Reserve (Fed) following the…

Taking the government to ransom by a band of marauding criminal gangs is an unheard-of phenomenon, in contemporary international society. Similarly, it is rarer still to find an assortment of known criminals with an established history of committing worst atrocities against their fellow countrymen and women to take on the mantle of national political transformation. Welcome to Haiti!The impoverished country of eleven million souls croaking under decades of bad governance and environmental disasters is now taken hostage by the country’s dreaded criminal street gangs. Once confined to the task of hostage taking, ransom demands, kidnapping, rape and killing they have…

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