Pfizer is about to lose ground with blockbuster neuropathic pain drug Lyrica too, which lost patent protection last year, threatening to quickly cut its $5 billion in annual sales in half once generic alternatives become available. It's the same story that plays out over and over within the pharmaceutical industry; these organizations must constantly replenish their portfolios with patent-protected drugs, or risk losing ground. It's something Pfizer hasn't done especially well in recent years.
How much you pay in property taxes often comes down to which side of a county, city or district line you're on. And if you're a homebuyer this spring, it's another important factor to consider while you house hunt. Property taxes largely fund public schools but also other local services like roads and police.
Cancer Genetics Inc. CGIX) on Monday reported a loss of $4.6 million in its first quarter. The Rutherford, New Jersey-based company said it had a loss of 9 cents per share.
Corn prices are adding gains on Monday for the sixth consecutive day amid worries about production losses and rising demand. According to experts, the storms in the central US are delaying planting while the drought in South America is affecting corn production. Currently, Corn prices are 1.60% positive in the day with maize trading at 3.784.
A silver certificate dollar bill is representative of a unique piece of history. It no longer carries any monetary value as an exchange for silver, yet collectors still seek out the print. Its history dates back to the 1860s, and the certificate is a unique historical artifact representing a time period when the monetary structure of the United States was changing.
Huawei, the Chinese telecom giant caught in the center of the U.S.-China trade war, has scrambled to keep its business running after President Donald Trump moved to ban U.S. companies from supplying components to it last week. Many U.S. companies, which are Huawei's suppliers, are also feeling the heat. Chipmakers including Intel (INTC), Qualcomm (QCOM), Xilinx (XLNX), and Broadcom (AVGO) have stopped supplying Huawei until further notice, according to Bloomberg.
On Tuesday, May 21, Home Depot (NYSE: HD) will release its latest earnings report. Benzinga's outlook for Home Depot is included in the following report. Wall Street analysts see Home Depot reporting earnings of $2.19 per share on sales of $26.39 billion.
Billionaire Robert F. Smith made the 2019 class of Morehouse College graduates very happy over the weekend when he pledged to pay off their student debt burdens. Smith told nearly 400 graduates of the historically black, all-male college in Atlanta that he would pay off those loan obligations so they were free to pursue their next chapters – a gift estimated to be worth $40 million. “The lender did not forgive the debt, so there is no cancellation of indebtedness income,” Bill Smith, Managing Director at CBIZ MHM's National Tax Office, told FOX Business.
Tesla (TSLA) CEO Elon Musk should keep the phone line open with his banker buddies. “We believe Tesla will have to raise another $1 billion in capital,” Wedbush analyst Dan Ives told Yahoo Finance's “On the Move.” The former Tesla super bull slashed his price target on the stock again on Monday to $230 from $275, which sent shares of the money-losing auto outfit down as much as 5%. The analyst only a month ago cut his rating on Tesla's stock to Neutral from Outperform.
The price of bitcoin is up 48% in the past 30 days. The ongoing U.S.-China trade war and a forthcoming cyclical halving in 2020 are two big reasons for the current rally, according to bitcoin bull Tom Lee, managing partner at Fundstrat Global Advisors. Bitcoin at the moment is truly acting like “digital gold,” offering an investment that avoids exposure to markets impacted by trade uncertainty, Lee said.
The WTI Crude Oil market continues to go back and forth with an upward bias, as we have broken above the significant $63.66 level. Below there, the 50 day EMA, pictured in red at the $61.77 level should also offer plenty of support. Brent markets also tried to rally during the trading session on Monday but continues to find a bit of resistance near the $73 level.
Fifty years ago, Sears was an economic dynamo, as dominant in retail as Amazon and Walmart are today. In 1969, Sears sales alone accounted for 1% of the entire U.S. economy, and two-thirds of Americans shopped there in any given quarter. Sears Holdings filed for Chapter 11 bankruptcy last October, and the company has closed thousands of stores since the turn of the century.
CNBC's "Power Lunch" team breaks down how chip stocks are trading amid the Huawei fallout with Mitch Steves, equity research analyst at RBC Capital Markets.
The U.S. west coast city has soared up the rankings to dislodge Zurich for the highest salaries and disposable income after rent, according to Deutsche Bank's “Mapping the World's Prices 2019. Over the past five years alone, San Francisco has risen 7 and 21 places on both gauges. The rapid growth of the U.S. tech sector is helping San Fran beat traditional capital cities for incomes,” Deutsche Bank's Jim Reid, Craig Nicol and Henry Allen wrote in the report.
As the British pound against the Japanese yen is one of the favored risk barometers for Forex traders, it's not a huge surprise to see that we have seen the market turned back around and fell off as the Chinese release statements involving the US/China trade relations and pointing it out that the wide birth between United States and China continues. At this point, a lot of people have sold in a bid of panic, but the question now becomes whether or not this massive technical level will hold. GBP/JPY Video 21.05.19 The ¥140 level of course is psychologically important but it also features the 50 day Fibonacci retracement level.
Lawmakers and observers are voicing optimism that closely linked private retirement reform bills, one from the House Ways and Means Committee, and one from the Senate Finance Committee, will soon be merged and sent to President Trump's desk. If passed, it would be the first major retirement legislation since 2006. Richard Neal, chairman of the House Ways and Means Committee, noted that the bill “represents a major bipartisan accomplishment” when it was passed out of his committee.
Billionaire Robert F. Smith stunned students at Morehouse College when he vowed to pay off the student loans of every member of the class of 2019. On behalf of the eight generations of my family that have been in this country, we're gonna put a little fuel in your bus,” Smith, 56, founder of Vista Equity Partners, said Sunday during his commencement speech to the Atlanta college's graduating class. My family is going to create a grant to eliminate your student loans,” Smith added, according to a Twitter post by Morehouse.
Signals of persistently low inflation have puzzled economists in the years since the Federal Reserve first adopted its 2% inflation target after the financial crisis. According to Mohamed El-Erian, some of today's largest technological forces may be to blame. The reason why we're having no inflation is basically the combination of Amazon, Google and Uber,” El-Erian said in an address at the Mortgage Bankers Association Secondary Market Conference in New York City on Monday.
Johnny C. Taylor Jr., a human-resources expert, is tackling your questions as part of a series for USA TODAY. Taylor is president and CEO of the Society for Human Resource Management, the world's largest HR professional society. Are bachelor's degrees from regionally accredited for-profit universities viewed unfavorably by employers, and are online universities viewed differently than brick-and-mortar schools?
are under pressure on Monday as trade tensions continue to intensify. At the beginning of the month, there was plenty of optimism over the U.S. and China reaching a trade deal. Roughly 20% of the company's revenue comes from China and as tensions rise, it's becoming more likely that Apple will find itself in the tariff crosshairs.
There are many "what ifs," but the math is still the math: if you plan on needing a lot more than $40,000 from your retirement nest egg, then the probability of a successful retirement on $1 million is not good. "If you've only saved $1 million and are withdrawing 4% or more in retirement, you are most likely tempted to expose your accounts to more risk to make up for the lack of savings. With more exposure to a volatile market, there is a greater chance your retirement accounts will incur substantial losses during market corrections," says Carlos Dias Jr., wealth manager, Excel Tax & Wealth Group, Lake Mary, Fla.
The blockbuster announcement by billionaire Robert F. Smith that he will pay off the student loans held by Morehouse College's entire graduating class of 2019 hit a nerve for a couple of reasons. Americans are carrying $1.57 trillion in outstanding student loan debt, more than what they owe on their credit cards. Among college graduates ages 25 to 39, 21% had more than one job according to a Pew Research Center analysis of Federal Reserve Board data in a 2016 household economics survey.
The shares have dropped in nine of the last 10 trading days, a stretch that started the day Tesla closed offerings of new stock and convertible bonds to shore up its balance sheet. In that span, Tesla has plunged more than 20% and fallen back behind Ford Motor Co. by market capitalization. In a note Sunday, Wedbush analyst Dan Ives wrote that Tesla faces a “Kilimanjaro-like uphill climb” to hit targets for profitability in the second half of the year.
Best Countries for Retirees in 2019 To determine which countries are the best for retirees, International Living uses a scoring system that measures a variety of factors, including: ease of buying and owning property and the value of property investments cost of renting benefits and discounts on things such as health care and entertainment visa and residency requirements cost of living fitting in and how easy it is to make friends entertainment and amenities healthy living development and infrastructure climate stability of the country's political situation The countries with the highest cumulative average score across all those categories ranked in the top 10, and here they are: 1.