Here are some charts that reflect our areas of focus this week at XLU Leads with New High Even though the Utilities SPDR (XLU) cannot keep pace with the Technology SPDR (XLK) and Communication Services SPDR (XLC), it is in a leading uptrend. XLU formed a cup-with-handle from November to July and broke to new highs the last two weeks. ...
Microsoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella. “Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations,” Nadella wrote in a memo to employees Thursday. After Microsoft’s ...
Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks. The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr adding in a news release that the move would bring ...
Five former members of the 2018 Canadian world junior hockey team were found not guilty of sexual assault on Thursday, July 24, after a trial in London, Ontario, with a judge saying she didn’t find the complainant’s evidence ‘credible or reliable.’ “I cannot rely upon the evidence of (the accuser) and then considering the evidence in this trial as a ...
The NFL’s annual offseason reality television show is following a contender in 2025. For the first time, the ‘Hard Knocks’ sports documentary show will follow the Buffalo Bills. Last season was another success for the team as they won a fifth consecutive AFC East title and made it to the AFC championship game, while quarterback Josh Allen won NFL MVP ...
President Donald Trump issued an executive order on Thursday, July 24 that attempts to create a national standard for NCAA name, image and likeness programs. The order is Trump’s latest entry into a debate that has embroiled the NCAA since NIL rules went into effect in 2021, ushering in a wild-west era of college sports that has come under increasing ...
Biotech is a dynamic industry that is driving scientific advances and innovation in healthcare. In Canada, the biotech sector is home to companies pursuing cutting-edge therapies and medical technologies. According to Grandview Research, the global biotech market is expected to grow at a compound annual growth rate of 13.96 percent between 2024 and 2030 to reach a value of US$3.08 ...
The second quarter of 2025 was a period of dynamic evolution within the biotechnology and pharmaceutical sectors. Critical factors like escalating policy pressures, pipeline pivots by leading companies and the increasingly transformative impact of artificial intelligence (AI) shaped the landscape and presented both challenges and opportunities for growth. Escalating policy and tariff pressures The biopharmaceutical industry is currently grappling with ...
The copper price was volatile during the second quarter of 2025, but remained elevated compared to the price point near the start of the year. Several factors were at play for copper during the second quarter, most notably the ongoing threat of tariffs on several sectors with close ties to the red metal. This also caused significant fallout in global ...
U.S. President Donald Trump has again called on the Federal Reserve to cut interest rates. This time, the president made this call during his visit to the U.S. Central Bank, where he met with Chair Jerome Powell. Donald Trump Pushes For Lower Rates Again During his visit to the Federal Reserve, the president stated that The post Donald Trump Urges ...
Tether has minted $2 billion worth of USDT, raising fresh speculation about a potential market rally. The two Ethereum-based transactions were quickly clarified by Tether’s CTO Paolo Ardoino. Tether’s $2B USDT Mint Suggests Liquidity Preparation Tether minted the USDT in two separate transactions. Each transaction totaled $1,000,999,999 and occurred two minutes apart. The information was The post Tether Mints $2B ...
Christie’s International Real Estate has launched a new crypto real estate division. Led by Aaron Kirman, the division already manages over $1 billion in crypto-listed properties. This makes Christie’s the first major brokerage to build a formal crypto-focused department. Christie’s Targets Crypto Millionaires with $1 Billion Real Estate Offering According to The New York Times The post Brokerage Firm Christie’s ...