Amid the ongoing Iran war and rapidly diminishing global oil reserves, the U.S. Energy Information Administration (EIA) has upgraded its oil price forecasts for this year. On Wednesday, the EIA stated that the war has resulted in a substantial decrease in global oil stocks,…
TotalEnergies SE (NYSE:TTE) said Thursday it made a new oil discovery in Angola and plans to bring the project into production just three months after the find.The energy major also expanded its exploration footprint by taking operated stakes in two…
Ascendis Pharma A/S (NASDAQ:ASND) on Wednesday announced Week 52 data from the open-label sentinel cohort of its reACHin trial. The data showed that once-weekly TransCon CNP (navepegritide) provided stabilization or improvement in foramen magnum stenosis alongside linear growth benefits in…
Shares of Tenon Medical Inc. (NASDAQ:TNON) are surging Thursday morning after the medical device company announced the full early repayment of its outstanding senior convertible notes, eliminating a major dilutive overhang for shareholders. Tenon Medical stock is trading near recent…
Market Strategist Ryan Detrick warns of a potential oil price surge due to the depleting U.S. Strategic Petroleum Reserve (SPR). On Thursday, Detrick took to X and noted that the reserves have dropped from 415 million barrels at the start of…
Shares of Ocugen Inc. (NASDAQ:OCGN) are remaining flat Thursday morning as investors continue to weigh disappointing interim clinical trial data. Ocugen stock is gaining positive traction. Why are OCGN shares climbing? Interim Analysis Shows Negative Treatment Effect in Key Gene…
Gold, precious metals miners and freight stocks took the brunt of Thursday’s hot producer inflation print. A 24.1% monthly explosion in diesel prices went straight into transportation costs, while a firmer dollar and rising Treasury yields squeezed gold and non-yielding…
Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) are lower in premarket trading on Thursday. The shares have dropped by more than 20% in just over a month. But now they are extremely oversold. They are also getting close to a support…
State Rep. Lindsay James (D-Iowa) said removing the wage cap on Social Security taxes and tying it to cost-of-living increases is one way Congress can shore up the program’s finances. James, the Democratic nominee for Iowa’s 2nd Congressional District, made…
Gainers Symbol Name Price Change ($) Change (%) Volume (NYSE:XLE) State Street Energy Select Sector SPDR ETF 66.32 1.01 1.54 378.1K (NYSE:XLP) State Street Consumer Staples Select Sector SPDR ETF 83.50 0.45 0.54 31.6K (NYSE:XLV) State Street Health Care Select…