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Ionis Pharmaceuticals reported a wider-than-expected loss for the first quarter, and also missed revenue estimates.
Shorting stocks can bring an investor serious profits – but there’s commensurate risk, as well. Basically, the short trader is betting that a stock will fall in price; it’s the opposite of most stock trading, in which the investor wants the shares to gain. Gaining, of course, is the risk in a short trade. There’s no ceiling on a stock’s potential gains, and in theory, a particular stock can see its price increase infinitely. But in a short sell, the trader has made the initial transactions on bo
Boeing Co was readying the largest member of its 737 MAX family for its maiden flight on Friday, a person familiar with the matter said, as the planemaker tries to close a sales gap with a competing Airbus jet. The first voyage of the 737 MAX 10, expected around 10 a.m. local time from the Seattle area, the person said, heralds months of testing and certification before it enters service in 2023. In an unusual departure from the PR buzz surrounding first flights, the event was expected to be kept low-key as Boeing tries to recover from overlapping crises caused by the 20-month safety grounding of the MAX and the global pandemic.
Nvidia (NVDA) CEO Jensen Huang made a strong case for the ARM merger at the Six Five Summit and CogX conference. The executive also talked about U.K. opportunities and investments. Nvidia stock jumped 4.76% on Thursday to close at $746.29. Huang told the CogX conference that the merger would combine ARM’s CPU capabilities with Nvidia’s artificial intelligence capabilities to create new ideas. “The U.K. has every reason to be proud of Arm and its achievements and contributions to the world,” said
Employers are bracing for a wave of legal action if the Government introduces new legislation that would make home working permanent post-pandemic. City lawyers warned that any move to make working from home the "default" option for employees had the potential to significantly increase employment disputes and litigation. Hannah Netherton, an employment partner at law firm CMS, said: “The introduction of a default right to work from home for office-based workers would be a significant expansion o
By the end of Ronaldo's press conference, Coca-Cola's shares had already started falling.
(Reuters) -Orphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate, sending shares in Denmark's first so-called meme stock tumbling 75% in early trading. Shares in the biotech company, which is yet to have a drug approved or make money, have been on a roller-coaster recently - like other "meme stocks" influenced by chatter on social media - as investors took positions ahead of the U.S. Food and Drug Administration's (FDA) decision.
Stock futures ticked up Thursday evening after a mixed session earlier, when the Nasdaq ended within striking distance of a record high while the Dow posted a fourth straight session of losses.
A clever use of term life policy could help your loved ones keep more of what’s theirs.
(Bloomberg) -- China’s government summoned Meituan’s Wang Xing to a meeting recently and warned him to keep a low profile, after the founder of China’s third-largest tech corporation last month posted a controversial poem that convulsed markets and sparked a social media furor.Beijing officials called Wang in after the food delivery mogul posted a millennium-old poem regarded by many as implicit criticism of the government, according to people with knowledge of the matter. They warned him to ref
Inflations fears are rising, along with the price of gasoline and lumber and milk – and, oddly, the unemployment rate. The initial unemployment claims ticked up last week, even as the number of job openings reached a record high level. Between the COVID relief bill, the infrastructure proposal, and a jobs act, the Biden Administration's spending plans are totaling $6 trillion. And with economic activity reopening after the COVID pandemic, consumers are getting out, eager to spend, and holding pl
In this article, we examined the 10 best cheap stocks to buy according to Michael Burry that are either trading below 20 times to earnings or have very strong fundamentals. You can skip our detailed analysis of Burry’s history and hedge fund performance, and go directly to 5 Best Cheap Stocks to Buy According to […]
Gold prices dropped more than $50, a day after the Federal Reserve signaled faster and sooner interest rate increases. Watch this level, analysts say.
Top news and what to watch in the markets on Friday, June 18, 2021.
The Federal Reserve was just the spark; the tinder was the excessive bullishness of market-timing traders
The Juneteenth holiday commemorating the end of slavery in the U.S. is now a new federal holiday after President Biden signed a bill into law on Thursday afternoon, making it a holiday on a par with Memorial Day, Independence Day, Labor Day, and the 10 federal holidays.
Yahoo Finance's Jared Blikre joined Yahoo Finance Live to break down the key takeaways from Adobe's quarterly earnings report.
There's one group of borrowers that can count themselves as 'lucky' during periods of inflation.
In this article, we discuss Warren Buffett’s worst investments of all time. If you want to skip our detailed analysis of these investments, go directly to Warren Buffett’s 5 Worst Investments of All Time. Warren Buffett, the legendary investor from Omaha with a worth of over $108 billion, is the first to admit when he […]
The rate of workers voluntarily leaving their jobs hit an all-time high of 2.7% in April, potentially marking the beginning of a new labor trend.
While the recent chip shortage makes most consumers think it must be microprocessors - the brains of personal computers - that are causing the most recent supply headaches, it turns out that a tiny, $1 chip is wreaking the most havoc in the PC market.