Markets

XAU/USD – Gold unchanged as jobless claims within expectations

Gold is trading sideways in the Thursday session. In North American trade, the spot price for one ounce of gold is $1223.17, up 0.02% on the day. On the release front, key indicators beat their estimates. The Philly Fed Manufacturing Index dropped to 22.2, above the estimate of 19.7 points. On the ...

Energy XXI Gulf Coast (EGC) Stock: Gaining Big On Merger Update

Energy XXI Gulf Coast Inc (NASDAQ: EGC) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced an update with regard to a merger agreement, exciting investors and sending the stock on a run for the top. Today, we’ll talk about: The merg ...

GBP/USD – British pound dips on weak retail sales

GBP/USD is slightly lower in the Thursday session, after considerable losses on Wednesday. In North American trade, the pair is trading at 1.3099, down 0.14% on the day. On the release front, British retail sales dropped 0.8%, weaker than the estimate of -0.4%. In the U.S, key indicators beat their ...

Matinas BioPharma (MTNB) Stock: Flying On patent News

Matinas BioPharma Holdings Inc (NYSEAMERICAN: MTNB) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company announced that it has been issued a new patent, further protecting its IP and exciting investors. Of course, this excitement is leading t ...

Selecta Biosciences (SELB) Stock: Falling Hard On Patient Death

Selecta Biosciences Inc (NASDAQ: SELB) is having an incredibly rough start to the trading session this morning, and for good reason. The company announced that it has been informed of a patient death in its Phase 1 clinical trial. As you could imagine, the news proved to upset investors, sending the ...

U.S weekly jobless claims fall

New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 2 ...

Acadia Healthcare (ACHC) Stock: Climbing On Takeover Chatter

Acadia Healthcare Company Inc (NASDAQ: ACHC) is having an incredibly strong start to the trading session this morning, and for good reason. Reports are surfacing that the company is in talks with a private equity firm to be acquired. Of course, if an acquisition were to happen, it would return value ...

After Denmark, Norway’s Noreco Eyes Acquisitions In Britain

Norwegian Energy Co. (Noreco) plans to acquire offshore assets on Britain’s continental shelf in 2019, following its purchase of Shell’s upstream oil and gas licenses in Denmark, its chairman told Reuters on Oct. 18. The Oslo-listed company on Oct. 17 announced a $1.9 billion deal to acquire She ...

Proteostasis Therapeutics (PTI) Stock: Soaring On Clinical Data

Proteostasis Therapeutics Inc (NASDAQ: PTI) is flying early on in the pre-market hours this morning, and for good reason. The company announced positive preliminary data from a clinical study, exciting investors who are pushing the stock through the roof. Today, we’ll talk about: The data; what we ...

SDX Says Talks For It To Acquire BP Egypt Assets End With No Deal

North African-focused oil and gas company SDX Energy said on Oct. 18 that talks to buy some of BP’s Egyptian assets have been abandoned. Reuters reported earlier in the year, citing banking sources, that BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt, then estima ...