Stocks have shown a lack of direction over the course of morning trading on Monday, with the major averages bouncing back and forth across the unchanged line following the volatility seen to close out the previous week. Currently, the major averages are narrowly mixed. While the Nasdaq is down 19.85 points or 0.1 percent at 13,688.48, the Dow is up […]

Cara Therapeutics, Inc. (CARA), a commercial-stage biopharmaceutical company focused on pruritus, announced Monday the Approval of KORSUVA IV Injection Syringe in Japan to treat pruritus in hemodialysis patients. The company now would receive $1.5 million milestone payment from its licensing partner Maruishi Pharmaceutical Co., Ltd under the deal. In pre-market activity on Nasdaq, Cara shares were gaining around 3.6 percent […]

Controversial Barstool Sports founder Dave Portnoy doesn’t like what he’s seen about how the journalism sausage is made. Portnoy is hosting a “One Bite Pizza Festival” in Brooklyn, N.Y. today. Before the festival, Washington Post reporter Emily Heil reached out to the festival’s sponsors to see whether they had any comment on Portnoy’s association with the event. A screenshot Portnoy published […]

Guns and ammunition are a multi-billion dollar industry in the United States. According to government data, gunmakers produced over 13.3 million firearms domestically in 2022. In addition to guns manufactured within the U.S., millions more are imported into the country from abroad each year. (Here is a look at the 10 countries Americans buy the most shotguns from.) While there […]

The number of Americans who relocate each year has been trending downward for decades. According to the U.S. Census Bureau, only 28.2 million people moved to a new home in 2022, down from 41.1 million 20 years earlier. Of those who did move in 2022, the vast majority – 78% – stayed within the same state.  When Americans do decide […]

European stocks rallied on Friday after the European Central Bank signaled that Thursday’s rate hike could be the last hike in the current cycle. Improved retail sales and industrial production data from China also boosted sentiment. The pan European STOXX 600 was up 0.9 percent at 464.80 after rallying 1.5 percent on Thursday. The German DAX climbed 1 percent, France’s […]

With traders reacting positively to a slew of U.S. economic data, stocks showed a strong move to the upside during trading on Thursday. The major averages all moved notably higher after ending Wednesday’s trading narrowly mixed. The major averages pulled back off their highs of the session going into the close but remained firmly in positive territory. The Dow jumped […]

“When One Door Closes, Another Opens” — Alexander Graham Bell Jon Ogg and I started 24/7 Wall St. on May 24, 2006. We had several hundred page views on a good day in our first year. Our only big break that year came in September when Barron’s ran an article about our progress. Pageviews surged to a few thousand the day […]

Meaningful market share would go to those who have the distribution strength to push their products, such as banks. Competition is expected to intensify in the mutual fund industry with the entry of several new players. Brokerage disruptor Zerodha filed documents for launching schemes last fortnight. Financial technology startup Groww got approval for an index fund. Star fund manager Kenneth […]