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Stocks moved to the upside early in the session on Friday but showed a lack of direction over the remainder of the trading day. The major averages eventually ended the day mixed, although the Dow closed higher for the eighth consecutive session.

The U.S. dollar was higher against its major counterparts in the New York session on Friday, as investors awaited the release of U.S. inflation data for April next week, which will guide the outlook for Fed rate cuts. The consumer price index is forecast to rise 0.3 percent on the month and 3.4 percent...

After an initial move to the upside, stocks have given back ground over the course of the trading session on Friday. The major averages have pulled back well off their early highs, with the tech-heavy Nasdaq dipping into negative territory. Currently, the major averages are narrowly mixed.

Chancellor of the Exchequer Jeremy Hunt has announced that world leading tech companies have pledged 2 billion pounds ($2.5 billion) worth of investments in the UK this week. Supporting more than 1,300 skilled jobs, Siemens Healthineers Thursday announced that they are investing 250 million pounds ($312 million) to design and manufacture superconducting magnets for MRI scanners at a new Siemens

A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the month of May. The University of Michigan said its consumer sentiment index plunged to 67.4 in May from 77.2 in April. Economists had expected the index to edge down to 76.0.

Novartis AG (NVS) Thursday announced that the FDA has granted Breakthrough Therapy designation to Scemblix for treating adult patients with newly diagnosed Philadelphia chromosome-positive chronic myeloid leukemia or CML in chronic phase. This is the third Breakthrough Therapy designation assigned to...

The Justice Department has filed suit against the State of Iowa challenging its immigration law. Governor Kim Reynolds signed the Senate File 2340 bill, making illegal immigration a state crime in Iowa, last month. The new measure has been qquestioned under the U.S. Constitution's Supremacy Clause and Foreign Commerce Clause, which assigns the federal government to regulate immigration and mana

Shares of American drug maker, Novavax, Inc. (NVAX), were surging in the pre-market trade on Friday after the company announced a narrower loss for the first-quarter and a multi-million co-exclusive licensing deal with Sanofi (SNYNF,SNY), a French pharma major to commercialize Covid-19 vaccine. NVAX...

Stocks are likely to move to the upside in early trading on Friday, extending the advance seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent. The markets may continue to benefit from...

Aethlon Medical, Inc. (AEMD), a medical therapeutic company, announced Friday positive results from an in vitro binding study of its Hemopurifier, a clinical stage immunotherapeutic device, in removing extracellular vesicles or EVs from cancer patient plasma. In pre-market activity on the Nasdaq,...

Diversified company Boston Omaha Corp. (BOC) announced Friday that Alex Rozek, Co-CEO and Co-Chair, has left the Company, effective as of May 9, 2024 to pursue new entrepreneurial opportunities. Adam Peterson will continue to lead the Company as Chair and CEO. Although Rozek intends to pursue new...

AlTi Global, Inc. (ALTI) reported Friday net income attributable to AlTi for the first quarter of $29.35 million or $0.18 per share, compared to a net loss of $68.74 million or $1.19 per share in the prior-year quarter. Total revenues for the quarter declined to $50.81 million from $58.05 million...

NASA's investment in a breakthrough super-alloy developed for the extreme temperatures and harsh conditions of air and spaceflight is going to pay commercial dividends. The U.S. space agency announced that it is licensing its invention, dubbed "GRX-810," to four American companies. The four co-exclusive licensees are Carpenter Technology Corporation of Reading, Pennsylvania; Elementum 3D, Inc. o

Moderna, Inc. (MRNA) announced Friday that the U.S. Food and Drug Administration's review of the Biologics License Application or BLA for mRNA-1345, its investigational respiratory syncytial virus or RSV vaccine, will be delayed. In pre-market activity on the Nasdaq, Moderna shares were losing around...

United Bankshares, Inc. (UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, announced Friday they have entered into a definitive merger agreement under which United will acquire 100 percent of the outstanding shares of Piedmont in an all-stock...