Articles written by Neil Dennis - Benzinga

UK Election: How It Works And Which Markets Could Be Affected

|UK PM Rishi Sunak has called a general election for July 4. Labour Party could win, changing the ruling party & PM. Electoral Commission prepares.

Eli Lilly Struggles To Keep Pace With Mounjaro, Zepbound Demand: 'Currently Unavailable' On Amazon Pharmacy

|Eli Lilly's stock skyrockets but now trading sideways as demand for weight-loss drugs outpaces supply. Availability issues lead to FDA shortages.

Arbutus Stock Soars 20% As It Heads To Trial With Moderna In Covid Vaccine Patent Claim

|Arbutus Biopharma soared more than 20% on Wednesday, April 3, after the company received permission to pursue a claim against Moderna in court.

Semiconductor Supply Chain Fears: Counting The Cost Of Taiwan's Earthquake

|Market reaction to Taiwan earthquake shows companies in semiconductor supply chain are ready for such disasters, with minimal impact on market index and production of chip manufacturers.

Crude Oil Climbs To 5-Month High In Q1, Analysts Expect High Prices To Persist In Q2

|First quarter of 2024 saw a surge in oil prices due to tightening supply/demand and geopolitical concerns. Benchmarks rose to five-month highs.

Biden-Xi Talks Continue: Technology Block, Taiwan Top 'Candid Exchange Of Views'

|President Biden and China's President Xi Jinping spoke for the first time since 2023, discussing issues such as trade and national security, including concerns about AI and semiconductor technology.

Facebook Is Selling Your Private Messages, Lawsuit Alleges

|Meta Platforms is back under scrutiny for sharing user data with Netflix. The lawsuit alleges a special relationship and advertising revenue as the driving force behind the data sharing.

Could 3 Powerful Fund Managers Take Control Of US Banks?

|Regulators eye BlackRock, State Street Corp and Vanguard for jointly managing more than $23 trillion in assets.

Historic S&P 500 Rally In Q1 Flashes Bullish Signals For 2024: 'Only The Ninth Time Since 1940'

| The S&P 500 had a 10.6% total return in Q1, following a 22.3% gain since September. This historic streak is driven by strong earnings and economic resilience. Nasdaq predicts continued gains.

Oil At 6-Month High As Alleged Israel Airstrike On Damascus Fuels Concerns Over Wider Middle-East Conflict

|Israel kills top IRGC commander in attack on Iranian consulate in Damascus, escalating conflict with Hamas. Oil prices hit 6-month high.

Miners Cheer As China's Manufacturers Continue To Increase Pace

|Iron ore prices rise in Asia on China's manufacturing growth, but construction remains a concern. Steel stocks reflect mixed performance.

Turkish Stock Markets Welcome Change: Will Erdoğan Defeat Prompt Economic Reforms?

|Turkey's stock market fell, bond yields rose after opposition party won 5 biggest cities in local elections, biggest setback for Erdogan's party.

FanDuel Success Drives Flutter To Seek Primary Listing On NYSE

|FanDuel delivered a positive U.S. full-year adjusted EBITDA "for the first time," Flutter CEO Peter Jackson said on March 28.

Israel To Return To Cease-Fire Negotiations, But Strikes On Gaza And Syria Continue

|Israel will return to cease-fire talks with Hamas in Doha and Cairo, following U.N. resolution and court order to release hostages and allow aid.

Sticky Inflation Persists: Fed's Preferred Measure Climbs, Analysts Sound Off

|Annual inflation rate rose to 2.5% as expected in Feb, while personal spending unexpectedly increased. Analysts divided on impact and policy implications.

Inflation Ticks Higher In February: Is A May Interest Rate Cut In The Cards? (UPDATED)

|Personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation, rose as expected in February, leaving markets frustrated as the likely timing of upcoming interest rate cuts.

Baltimore Port Shutdown Triggers Coal Price Hike: Energy Information Administration Warns Of Export Disruptions

|Coal prices rise after Baltimore port closure due to bridge collapse; Consol Energy affected. Port is key coal export hub, metal imports also disrupted.

'A Bad Kind Of Madness' — Clean Block In NCAA Tournament Game Misjudged As Foul: Craziest Call In Sport This Week

|Commentator praises incredible block by Samford's A.J. Stanton-McCray, but controversial foul call seals win for Kansas in NCAA game.

Financial Crimes Weekly: Insider Trading At Arista, Del Taco; KuCoin In Civil Action Suit

|Andreas Bechtolsheim, founder of Arista Networks, settled insider trading charges for $1M. SEC alleged he traded on info about Acacia's takeover.

Want To Invest In SpaceX? An IPO Looks Inevitable, But In The Meantime, Go Private Equity

|If SpaceX were to go public next week it would command a valuation of somewhere in the region of $175 billion.