Year: 2024

Cigna (NYSE: CI) saw its shares decline in premarket trading on Monday following reports that the U.S. insurer is looking to restart merger efforts with smaller competitor Humana (NYSE: HUM), after previously abandoning the pursuit last year.According to a Bloomberg News report on Friday, the companies have engaged in informal,…

The recent upswing in the S&P 500 has sparked speculation about its potential for further growth.In a note released Monday, Deutsche Bank analysts warned that despite the rally’s impressive nature, it encounters significant challenges ahead.The S&P 500 has achieved six consecutive weekly gains for only the second time since the…

Third-quarter earnings downgrades have been substantial across major regions, with ongoing reductions noted in both the U.S. and Eurozone, according to JPMorgan strategists. These downgrades reflect increasing worries about slowing top-line growth and macroeconomic uncertainty.In a note released on Monday, the Wall Street firm stated that the earnings outlook for…

On Monday, the U.S. dollar strengthened slightly, maintaining its recent momentum as the presidential election approaches and polls suggest a greater chance of former President Donald Trump winning. At 04:30 ET (08:30 GMT), the Dollar Index, which measures the dollar against a basket of six other currencies, rose by 0.2%…