Global stocks are higher as a positive session on Wall Street inspires investors. Oil prices rise as the crucial Suez Canal waterway remains blocked.
(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.
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
FA CENTER Lumber prices have experienced one of their biggest and quickest plunges in history— with the spot futures contract dropping more than $670, or 40%, in just 25 trading sessions. It’s human nature to try to find meaning in this, since the alternative is to accept that price changes this momentous are nothing more than merely random fluctuations.
By the end of Ronaldo's press conference, Coca-Cola's shares had already started falling.
(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
Gold prices dropped more than $50, a day after the Federal Reserve signaled faster and sooner interest rate increases. Watch this level, analysts say.
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
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 […]
Yahoo Finance's Jared Blikre joined Yahoo Finance Live to break down the key takeaways from Adobe's quarterly earnings report.
On Thursday, Advanced Micro Devices and Alphabet's Google Cloud said Google will offer cloud computing services based on AMD's newest data center chip.
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 […]
In this article we will take a look at the 10 best undervalued stocks to buy now. You can skip our detailed analysis of these stocks and go directly to 5 Best Undervalued Stocks to Buy Now. The COVID-19 pandemic has brought about an unexpected turn of events with many equities now trading at a […]
This is the second time Krispy Kreme will be a publicly traded company, after it was taken private by JAB Holdings in a $1.35 billion deal.
(Bloomberg) -- For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so.Soybean futures have erased their 2021 advance, sliding more than 20% from an eight-year high reached in May, while corn and wheat have also tumbled. The Bloomberg Grains Spot Subindex slid the most since 2009 on Thursday, before edging higher on Friday as markets recovered some losses. Other commodities that have seen their big rallies evaporate includ
(Bloomberg) -- Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raising questions about some offshore investors triggered a rout in his conglomerate’s six listed stocks.The 58-year-old tycoon has lost more money this week through Thursday than anyone else in the world, with his personal fortune tumbling by about $13.2 billion to $63.5 billion, according to the Bloomberg Billionaires Index. Just days ago, he was closing the gap with Mukes
Top news and what to watch in the markets on Friday, June 18, 2021.
A clever use of term life policy could help your loved ones keep more of what’s theirs.
The Euro has fallen rather hard during the trading session on Thursday as we continue to see negative pressure overall. That being said, the 200 day EMA is coming into the picture.
Shares of 23andMe rose in their trading debut on the Nasdaq as the consumer genetic testing company became one of the latest companies to go public via SPAC deal.
Pharmaceutical companies can trade sideways for years, and may see a spike every now and then due to positive announcements or an FDA approval update. The newest subset of the biotech industry, known as gene therapy companies, has been multiplying at an astonishing rate. As a result, they have many new stocks listed to capital markets. These companies have recently piqued the interest of investors, and analysts are weighing in. Many individuals are born with disorders for which there is no cure,