#Morgan_Stanley said they still expect a soft landing for the US economy, though they have lowered the probability to 50% from the previous 80%. Meanwhile, the Wall Street giant has raised its real gross domestic product (GDP) forecasts by 50%, expecting 2.3% growth in 2024 and 2.1% in 2025. They project three rate cuts […]

  #Oil_prices traded marginally higher Friday, and were headed for a positive week as milder U.S. inflation, shrinking U.S. inventories and increased Chinese stimulus stoked hopes of improving demand.  At 08:30 ET (12:30 GMT), #Brent #oil futures rose 0.1% to $83.29 a #barrel and West #Texas #Intermediate crude futures gained 0.1% to $79.28 a #barrel.  Weekly

  #Wall_Street’s main indexes were set to open marginally higher on Friday, looking to extend this week’s rally on growing expectations of #usa interest-rate cuts this year. The S&P 500 and Nasdaq were on course for a fourth straight week of gains, while the blue-chip Dow was on track for its fifth weekly advance, supported by

  #Donald_Trump’s legal team has painted Michael Cohen, his former attorney, as an unreliable witness who acted independently in the hush money trial involving a payment to adult film actress Stormy Daniels. However, legal experts argue that prosecutors have supported Cohen’s testimony with substantial evidence, including phone logs and corroborative accounts from other witnesses. Despite

  The #usa Food and Drug Administration (FDA) on Thursday granted accelerated approval to Amgen’s (NASDAQ:#AMGN) new drug, tarlatamab, marketed as Imdelltra, for the treatment of adults with advanced small cell lung cancer. The approval is specifically for cases that have progressed following chemotherapy treatments. Imdelltra is a bispecific antibody therapy that works by connecting

  Bitcoin price recovered slightly on Friday, reversing a pullback from a day earlier as inflows into spot bitcoin exchange-traded funds (ETFs) turned positive again, registering positive flows for four consecutive days. Still, the world’s biggest cryptocurrency remained squarely within a tight $60,000 to $70,000 trading range established over the past two months, seeing few catalysts

  #Following last month’s selloff, the #Russell 2000 forward P/E declined from 15.8x to 14.5x, below its average of 15.2x and “back to historically cheap,” highlighted #analysts at BofA in a note to #clients. Around 5% below their long-time average, small caps are set to outperform over the next 10 years, according to BofA. The

  #USA_stocks traded in a muted fashion Friday, but are set to end a week dominated by mild inflation data on a positive note.  At 09:35 ET (13:35 GMT), #Dow_Jones Industrial Average were up 10 points, or 0.1%, S&P 500 traded largely flat, and #NASDAQ #Composite were 13 points, or 0.1%, higher.  #Wall_Street set for weekly gains All