Biotech stocks are surging in June on a raft of upbeat news from Biogen. It's a turnaround from a spring drubbing.
In this updated daily bar chart of JD, below, we can see that our advice on not being in a rush to buy was either luck or skill. JD has been hit with selling in recent days and is close to making a new low as the potential support in May is breaking. The daily On-Balance-Volume (OBV) line has been in a downtrend since November and tells us that sellers of JD have been more aggressive for several months now.
(Bloomberg) -- Tencent Holdings Ltd. said it was suspending new user registrations for its WeChat services, adding to uncertainty for the technology sector that’s in the midst of a two-day selloff.WeChat, which already has more than 1 billion users, is undergoing a “security technical upgrade” in accordance with relevant laws and regulations, Tencent said in an online statement. It expects to resume new individual user registrations around early August.Investors have fled Tencent and its interne
Shares of General Electric Co. shot up 4.0% in premarket trading Tuesday, after the industrial conglomerate reported second-quarter profit and revenue that beat expectations, and surprisingly generated positive free cash flow. On a net basis, the loss per shares narrowed to 14 cents from 26 cents, while excluding nonrecurring items, GE swung to adjusted earnings per share of 5 cents from a loss of 14 cents to beat the FactSet EPS consensus of 3 cents. Revenue rose 9% to $18.28 billion, above the
See: We have $8 million saved for retirement, are in our early 50s and want to retire early, but are worried about healthcare expenses — what can we do? Before you get discouraged or angry, know that there are many, many variables that go into determining if one will be secure in retirement. It’s also important to note that anything can change, and even people who have amassed a million dollars or more for retirement could find themselves in a predicament that forces them to go back to work or adjust their spending.
(Bloomberg) -- A rout in Chinese shares in the crosshairs of Beijing’s regulatory crackdown extended into the bond and currency markets Tuesday as unverified rumors swirled that U.S. funds are offloading China and Hong Kong assets.The speculation, which included talk that the U.S. may restrict investments in China and Hong Kong, circulated among traders in late afternoon in Asia, spurring a renewed bout of selling. The Hang Seng Tech Index, a gauge of many Hong Kong-listed Chinese stocks, plunge
Fewer microphones for Musk should mean fewer chances to lay potential landmines in Tesla's path.
What happened Shares of Moderna (NASDAQ: MRNA) slipped 3.7% on Monday as of the market close. The decline appeared to be related to a report in The New York Times that said the U.S. Food and Drug Administration (FDA) requested that COVID-19 vaccine makers expand their clinical trials for children between the ages of five to 11 before seeking emergency use authorization (EUA).
(Bloomberg) -- Intel Corp., playing catch-up in semiconductor technology after losing its long-held dominance, vowed to become the industry leader again in 2025 by rethinking some of the fundamentals of how chips are made, and signed up rival Qualcomm Inc. as a manufacturing customer.Santa Clara, California-based Intel aims to step up innovation and is changing the approach used to measure progress in chip production, arguing that the current system gives competitors Taiwan Semiconductor Manufac
Nvidia chips power a future of self-driving cars and cloud gaming, while the global semiconductor market is in a supply crunch. Is Nvidia stock a good buy now?
News that the government was suffocating the Chinese education sector weighed on tech stocks as well.
Hundreds of Chinese companies are listed on U.S. markets. China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity. Often dozens of Chinese stocks are among the top performers at any given time, across an array of sectors.
Intel Corp. shares declined steadily in the extended session Monday, handing back daily gains, after the chip maker revealed its "road map" and repackaging plans for its future products.
COVID-19 Delta variant concerns are overblown when it comes to the stock market and these stocks are now buys, Goldman Sachs says.
The electric-vehicle startup is the latest company in the sector to consummate a blank-check merger.
Shares of Virgin Galactic Holdings (NYSE: SPCE), the high-profile space tourism company, closed Monday 3.5% higher. Late Friday afternoon, CNBC reported that Virgin Galactic's former CEO, George Whitesides, will be an important passenger on the company's next test spaceflight. The financial news outlet said that founder Richard Branson revealed the plan at a company party in July.
Sales for these companies are expected to increase between 270% and 1,100% over the next four or five years.
Shares of Tonix Pharmaceuticals (NASDAQ: TNXP) were crashing 28.3% lower as of 10:24 a.m. EDT on Monday. The big decline came after Tonix announced on Friday following the market close that it is halting enrollment in a late-stage clinical study evaluating TNX-102 SL in treating fibromyalgia. Tonix made the decision to stop enrollment in its late-stage study of TNX-102 SL after the study's Independent Data Monitoring Committee (IDMC) completed an interim analysis.
Shares of Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) dropped 4% as of 10 a.m. EDT Monday, and given the headlines coming out of China last week regarding how the government is cracking down on tech companies left and right, this is not too surprising. As The Wall Street Journal reported over the weekend, the Chinese government is pressing tech giants Tencent Holdings (OTC: TCEHY) and Alibaba affiliate company Ant Group to help it develop a new "state-backed digital currency" -- i.e., a cryptocurrency -- to be dubbed the e-CNY (or electronic Chinese yuan). This is bad news for Alibaba because Ant operates the Alipay digital payments network already, and the emergence of a competing e-CNY brings "the risk of eroding the huge user base" that Alibaba and its affiliates have built up over the past decade.
Dow Jones futures fell Tuesday, as Tesla stock jumped on earnings. Apple leads four tech giants reporting earnings late Tuesday.
Leading indices in Europe fell on Tuesday as shares of US-listed Chinese companies suffered their biggest two-day fall since the financial crisis in 2008.