Author: Bella Hayes

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the was steady near a two-year high against a basket of currencies as investors fret about U.S. rates staying higher for longer. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.38% higher, with South Korean shares leading the charge. Still, the index, which gained nearly 8% in 2024, was on course for a nearly 1% drop for the week. Japan markets are closed for the week. China stocks struggled to bounce back on Friday after plunging on Thursday, highlighting growing…

Investing.com– Bitcoin rose on Friday, extending a recovery from a price rout seen over the new year holiday as traders sought more clarity on the U.S. regulatory outlook under incoming President Donald Trump.  Stablecoin was a main point of focus this week, as it logged its worst decline in market capitalization since the 2022 FTX crash after the European Union’s Markets in Crypto-Assets law came into full effect in late-December. Several European exchanges, as well as Coinbase Global Inc (NASDAQ:), pulled the stablecoin from their platforms over compliance concerns.  Broader crypto markets were battered by a wave of selling in…

By Florence Tan SINGAPORE (Reuters) – Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive economic growth that would lift fuel demand. futures rose 16 cents, or 0.2%, to $76.09 a barrel by 0132 GMT after settling at its highest since Oct. 25 on Thursday. U.S. West Texas Intermediate crude was at $73.32 a barrel, up 19 cents, or 0.3%, with Thursday’s close its highest since Oct. 14. Both contracts are on track for their second…

By Rich McKay and Hannah Lang (Reuters) -Officials on Thursday positively identified the person found dead inside the Cybertruck that exploded outside the Trump International Hotel in Las Vegas as a U.S. Army soldier from Colorado, while the FBI said it was not yet clear if the blast was an act of terrorism. The FBI said it had so far found no definitive link between the New Year’s Day New Orleans truck attack that killed 15 people and the Cybertruck explosion in Las Vegas later on the same day, which left seven people with minor injuries. The Cybertruck driver was…

New York, New York–(Newsfile Corp. – January 2, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Customers Bancorp, Inc. (NYSE: NYSE:) between March 1, 2024 and August 8, 2024, both dates inclusive (the “Class Period”), of the January 31, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Customers Bancorp securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join…

George W. Whitney, Senior Portfolio Manager at Sprott Focus Trust Inc. (NASDAQ:FUND), has acquired a significant amount of the company’s common stock. According to a recent SEC filing, Whitney purchased 323,896 shares on December 30, 2024, at a price of $7.27 per share, totaling approximately $2.35 million. The purchase comes as the stock trades near its 52-week low, with a notable dividend yield of ~12% and a P/E ratio of 7.95. InvestingPro analysis reveals the company has maintained dividend payments for 14 consecutive years. The transactions were executed across various accounts, including holdings by his spouse and several trusts and…

RADNOR, PA. – (NewMediaWire) – January 2, 2025 – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against PACS Group, Inc. (PACS) (NYSE: PACS). The lawsuit is brought on behalf of investors who purchased or otherwise acquired PACS: 1) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the Registration Statement) issued in connection with PACS April 11, 2024 initial public offering (the IPO); and/or 2) securities between April 11, 2024 and November 5, 2024 inclusive (the Class Period). The lead plaintiff deadline…

New York, New York–(Newsfile Corp. – January 2, 2025) – Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duties by the directors and officers of Southwest Airlines Co. (NYSE: NYSE:) in connection with Southwest Airlines’ information technology infrastructure impacting the Company’s business, operations, and stock price. If you currently own shares of Southwest Airlines stock, please visit the firm’s website at https://rosenlegal.com/submit-form/?case_id=10716 for more information. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at case@rosenlegal.com. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm,…

William H. Adams III, a director at TXO Partners, L.P. (NASDAQ:TXO), recently purchased 14,000 common units of the company. The transaction, executed on December 30, 2024, was completed at a weighted average price of $16.9284 per share, totaling approximately $236,997. The purchase comes as the company maintains an attractive dividend yield of ~14%, according to InvestingPro data. Following this acquisition, Adams holds 92,784 shares directly. The shares were bought in multiple trades at prices ranging from $16.75 to $17.00. With analyst price targets ranging from $25 to $26, suggesting significant upside potential, and the stock currently trading near its 52-week…

Shelly Pinto, the Interim CFO of ALX Oncology Holdings Inc. (NASDAQ:ALXO), recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Pinto sold 1,426 shares of common stock on December 30, 2024. The shares were sold at a weighted average price of $1.5802, resulting in a total transaction value of $2,253. This transaction comes as the company’s stock has experienced a significant decline, falling nearly 89% over the past year, according to InvestingPro data. The sale was executed to cover tax obligations related to the vesting of restricted stock units,…