A clinical research organization is the latest Triangle firm to go public after merging with a special purpose acquisition company.
Shares of BeyondSpring Inc. plunged 55.2% toward a record low in premarket trading Wednesday, after the biopharmaceutical company said that it has received a complete response letter (CRL) from the U.S. Food and Drug Administration, saying the biopharmaceutical company's new drug application (NDA) for its treatment for chemotherapy-induced neutropenia (CIN) "cannot be approved in its present form." The FDA said the results of the single registration trial (106 Phase 3) "was not sufficiently robu
Apple's (NASDAQ: AAPL) stock price climbed 3.2% on Tuesday, despite a sharp fall in the major market indices. Investors were startled by comments from Federal Reserve Chair Jerome Powell, which suggested that the powerful central bank could pull back on stimulus measures sooner than it forecasted. Many analysts had expected the Fed to adopt a more supportive stance toward the economy after health officials detected a worrisome new coronavirus strain that threatens to derail the market's recovery.
There are at least four signs that appear when equities are approaching the abyss.
Wall Street has known its share of legends, but few of them have made as big a splash as “the Man Who Broke the Bank of England.” That nickname belongs to George Soros who earned the tag after famously betting against the British Pound in 1992; following the Black Wednesday crash, the hedge fund manager pocketed $1 billion in a single day. This is the stuff that Wall Street legends are made of. By then Soros was already incredibly successful and in the midst of steering his Quantum Fund to decad
Reddit investors get dumped on because they cling to notions that monied interests are holding back their favorite meme stocks and endlessly cheer the next big short squeeze. There are actually some very smart investors on Reddit and quite a number of the stocks they discuss are very good, well-financed businesses that don't need their shares jawboned above penny stock valuations. Here are two of the most popular Reddit stocks that an investor can actually buy and hold for years to come.
Many companies use the term "artificial intelligence" (AI) to generate hype, but few of them successfully integrate AI to grow their business. Both Upstart Holdings (NASDAQ: UPST) and UiPath (NYSE: PATH) have used AI to drive their businesses. Upstart is using artificial intelligence to redefine how banks determine creditworthiness for loans.
November deliveries come right after the three U.S.-listed Chinese EV makers reported earnings, which included fourth-quarter guidance for vehicle deliveries. NIO reported November vehicle deliveries of 10,878. U.S.-listed shares of NIO rose 3.9% in premarket trading.
Since the Great Recession officially came to an end in 2009, growth stocks have been the driving force on Wall Street. Historically low lending rates, massive government spending programs, and a compliant Federal Reserve providing an abundant pool of cheap capital have incentivized fast-paced businesses to hire, innovate, and acquire other companies. History suggests a market correction is coming, though no one can know for certain when it will occur.
Scientists out of South Africa reported the discovery of a new strain of the coronavirus among positive cases in the region.
Oil prices have plunged amid concerns about the Omicron variant. Goldman Sachs weighs in with a hot take.
The shares were one of the few bright spots as markets sold off sharply, with almost every other major tech stock trading in the red.
To avoid the worst retirement mistakes, you have to be realistic about your future plans and think ahead. Unfortunately, it's all too easy to make the wrong financial moves when preparing for retirement. According to the Federal Reserve, 37% of non-retired adults believe their retirement savings are on track.
Reddit's Apes are a little miffed that "an incorrect entry" caused 11 million loanable, and short-able, GameStop shares to seemingly appear overnight.
The total U.S. equity market capitalization is about 215% of U.S. gross domestic product---the highest level ever. Sky-high market caps to GDP have come just before hard times for Wall Street.
Bret Taylor, who has been president and chief operating officer, was promoted to co-CEO with Marc Benioff.
The stock was under pressure early Wednesday, slumping more than 6% to $266.80 in premarket trading.
Shares of uranium mining companies Denison Mines (NYSEMKT: DNN), Energy Fuels (NYSEMKT: UUUU), and Uranium Energy (NYSEMKT: UEC) all crashed in Tuesday trading, falling 7%, 8.6%, and a disheartening 11.9%, respectively, through 1:25 p.m. ET. Since hitting its recent high of roughly $48 a pound on Nov. 15, uranium prices have twice more tried to break that barrier and resume their march toward $60 -- and twice failed, according to data from TradingEconomics.com. Today, uranium prices sit at just $47.25 a pound, which, granted, is about 50% higher than their lows of mid-August, but also still a far way away from $60.
The video gaming hardware company is about to outgrow its video gaming roots.
(Bloomberg) -- China is planning to ban companies from going public on foreign stock markets through variable interest entities, according to people familiar with the matter, closing a loophole long used by the country’s technology industry to raise capital from overseas investors.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s CroniesReliving the New York Subway Map Debate‘Pension Poachers’ Are Targeting America’s Elderly VeteransThe ban, intended in part to a
Bonds, however, could be in for pain, the self-proclaimed Warren Buffett acolyte says.