Novo Undercuts Lilly’s Obesity Drug Price, Now Cheaper Than Car Payment
Just before the US cash session, Novo Nordisk A/S announced it will slash prices on Wegovy and Ozempic in a direct challenge to Eli Lilly’s obesity drug, aiming to re…
Lower The Steaks, Raise The Stakes
By Benjamin Picton, Senior Market Strategist at Rabobank
US stocks closed mixed on Friday to cap off a week where concerns over valuations caused substantial wobbles. The NASDAQ was in the red for the we…
USPS Reports 5.7% Decline In Parcel Volumes, $9BN Loss
Submitted by Eric Kulisch of FreightWaves,
The U.S. Postal Service lost $9 billion in fiscal year 2025, a $500 million improvement from the prior year that officials attributed to gre…
Turkish LPG Tanker Ablaze After Russian Drone Strike On Ukrainian Port
Another Russian overnight massive drone and missile attack on Ukraine has had some serious spillover effects, as the Turkish flagged LPG tanker “Orinda” carrying thousa…
‘Goldilocks’ Empire Fed Manufacturing Survey Surges To One Year High
Amid the last month’s absence of hard economic data, investors have had to rely on soft survey data (and alternative providers) and that has been somewhat optimistic…
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A Very Important Week For Consumer Stocks
Goldman’s top sector specialist, Scott Feiler, offers four thoughts on the consumer ahead of what he calls a “very important week” for the space.
Feiler said that consumer stocks finally showed…
US Home Builders Offer ‘Elevated’ Incentives Amid Affordability Challenges
Authored by Mary Prenon via The Epoch Times (emphasis ours),
Faced with affordability constraints and cautious demand, and with abundant land in states such as Ari…
US Equity Futures Fade Overnight Gains As Global Selloff Deepens
US equity futures are slightly higher led by Tech, but well off overnight highs, while stocks around global markets slide. As of 8:00am ET, S&P and Nasdaq futures are up 0.1%…
Brent Initially Slides After Russia Restarts Key Novorossiysk Port After Drone Attack
Brent crude prices were initially lower, and are now flat, after operations resumed at Russia’s key Black Sea export hub, Novorossiysk. This follows las…
Container Imports Drop 17.6% In October At Busiest US Port
By Stuart Chrils of FreightWaves.
The Port of Long Beach is moving containerized cargo ahead of the cumulative record-setting pace achieved in 2024 despite weaker demand that saw …
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