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Driven by strong demand for weight-loss and diabetes drugs, Eli Lilly has become the world's first pharmaceutical company to join the trillion-dollar club. On Friday, Eli Lilly’s US stock price closed up 1.60%, having already risen nearly 40% this year. The company’s market value broke

Buffett often warns investors, “Never invest in a business you don't understand.” However, Berkshire Hathaway, under his leadership, has recently made an investment that goes against this “house rule”—building a large position in Google. On November 21, according to the analysis of Nir Kaissar, founder of asset

Documents from U.S. state governments show that Amazon’s large-scale layoffs announced last month have impacted engineers the most. According to Amazon’s recent Worker Adjustment and Retraining Notification (WARN) filings submitted to U.S. state agencies, of the approximately 4,700 positions cut in Washington, New York, New

``` The world's largest cryptocurrency, Bitcoin, is experiencing its worst monthly performance since the 2022 industry crash. On Friday, Bitcoin’s price fell to $80,553 at one point. Despite a rebound late in the New York session, it remains down over 30% from the record high of $126,

Renowned hedge fund manager Bill Ackman has warned that forced liquidations and margin calls in the cryptocurrency market are triggering sell-offs in Fannie Mae and Freddie Mac stocks. On November 21, Bill Ackman stated on social media that he had previously underestimated the exposure of Fannie Mae and Freddie Mac

``` The U.S. Bureau of Labor Statistics (BLS) has canceled the October Consumer Price Index (CPI) report, stating that it was unable to collect some data during the U.S. government shutdown and that this data cannot be made up afterward. BLS said it was still able to obtain some

Tony Pasquariello, Goldman Sachs partner and global head of Goldman’s hedge fund tracking division, believes that signs of “capitulation” among bulls have appeared in the U.S. stock market. The market seems to be entering a new phase of the Artificial Intelligence (AI) cycle, as investors begin to question