Author: usaeverydaylife

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and a last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as stocks closed lower on Monday and what will be on the radar as the final trading session of 2024 gets underway on Tuesday. Nat gas surges on frigid forecast The commodity was up as much as 20% on Monday, ahead of what many think will be a serious cold snap next week. The Weather Co.’s Dan Leonard —…

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The biopharma sector has been hotly watched among investors over the past two years amid a boost to the industry by the growing popularity of the glucagon-like peptide-1 (GLP-1) drugs used in weight loss treatments. Looking ahead into 2025, however, UBS foresees that the sector “will find it difficult to outperform against a more uncertain macro backdrop,” in the short-to medium-term. This is due to the current lower interest rate environment and U.S. President-elect Donald Trump’s selection of vaccine skeptic Robert F. Kennedy Jr. to lead the Department of Health & Human Services, the Swiss investment bank’s analysts detailed in…

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Hobo_018 | E+ | Getty ImagesWhy these two plans reopenedThe Education Department made the plans available again while its new repayment program, the Saving on a Valuable Education plan, or SAVE, remains tied up in legal battles.Republican attorneys general in Kansas and Missouri, who led the legal challenges against SAVE, argue that President Joe Biden is essentially trying to find a roundabout way to forgive student debt after the Supreme Court blocked his sweeping debt cancellation plan in June 2023.The SAVE plan comes with two key provisions that the lawsuits have targeted. It has lower monthly payments than any other federal student loan repayment plan, and it leads…

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A worker assembling a loader transmission mechanism at a manufacturer in Qingzhou, China.Nurphoto | Nurphoto | Getty ImagesAustralia market opened lower on the last trading day of the year, while investors in Asia awaited manufacturing data from China.Australia’s S&P/ASX 200 traded 0.56% lower on a shortened trading day.Japan and South Korea’s stock markets are closed for the New Year’s Eve holiday. South Korea’s consumer inflation accelerated in December, rising 1.9% year on year. CPI came in at 1.5% in November. On a month-on-month basis prices rose 0.4%.Traders will be monitoring China’s manufacturing PMI for December. Analysts polled by Reuters forecast…

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Traders work on the floor at the New York Stock Exchange.Brendan Mcdermid | ReutersStock futures were slightly lower ahead of the final trading session of 2024, following another booming year for Wall Street that hoisted the S&P 500 to its second consecutive annual gain exceeding 20%, spurred by enthusiasm for rate cuts, economic strength and artificial intelligence.Futures tied to the Dow Jones Industrial Average dipped 40 points, while S&P 500 futures edged down 0.2%. Nasdaq-100 futures lost nearly 0.3%.The S&P has surged more than 23.8%, putting it solidly on pace for its second consecutive gain above 20%. The Dow Jones…

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The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024. Kim Hong-ji | ReutersAviation experts are questioning the role of an airport design that positioned a mound of dirt and a concrete wall past the end of a runway, which Jeju Air Flight 7C2216 slammed into Sunday morning, killing all but two of the 181 people on board.The plane, a Boeing 737-800, belly-landed on the runway after an overnight flight, apparently with flaps and landing gear retracted. The jetliner burst into flames after hitting the…

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Sam Darnold’s Minnesota Vikings won again, for the ninth week in a row and the 14th time in 16 games during this preposterously purple season.Of course they did.When the Vikings returned to their locker room, they hoisted Darnold onto their shoulders and tossed him around like drunken concertgoers, showering their quarterback with water and whatever other beverages were available.Because, again, of course they did.The Vikings’ 27-25 victory over the Green Bay Packers did something else no one could have imagined in a saner NFL world. It rendered meaningless the Detroit Lions’ looming Monday night matchup against the San Francisco 49ers,…

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