On any list of biotech plays that might multiply in value in a relatively short period, Cassava Sciences (NASDAQ: SAVA) is likely to be near the top of the list. It's exploring whether its drug called simufilam is safe and effective to treat early-stage Alzheimer's disease, though its clinical trials have (so far) shed little light on the issue. The biggest reason to sell Cassava stock: After an open-label phase 2 clinical trial of simufilam, the market reacted quite negatively to the release of new data that management spun as being positive.
January has now been and gone and turned out to be a nice gift for investors. Battered by 2022’s bear, the tech-heavy Nasdaq, in particular, put in an excellent showing, seeing out the month ~11% into the green, in what amounted to its best start to a year since 2001. That signals the appetite for risk is on again and that will be good news for Cathie Wood, the ARK Investment CEO, whose investing style heavily favors disruptors - equities that are naturally positioned at the risky end of the sca
Yahoo Finance's Brad Smith reports that all major stock indices are in the red.
When the Food and Drug Administration (FDA) rejects a key drug from a healthcare company, it can send the stock spiraling into a sell-off. In order for the FDA to be confident in a drug's effectiveness, it needs to have a large enough sample size to evaluate it. Unfortunately, in Eli Lilly's case, it simply didn't have enough data points for the agency to make a positive conclusion about the treatment and grant it accelerated approval.
WestRock (WRK) delivered earnings and revenue surprises of -8.33% and 3.35%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
We break down the latest earnings release from chip maker AMD.
According to the average brokerage recommendation (ABR), one should invest in NIO Inc. (NIO). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
Yahoo Finance Live anchors discuss Amazon and Nike's rumored interest in buying out Peloton.
Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America’s farmland. While that is false, with the billionaire amassing nearly 270,000 acres of farmland across the country, compared to 900 million total farm acres, a different billionaire privately owns 2.2 million acres, making him the largest landowner in the U.S. John Malone, the former CEO of Tele-Communications Inc., which AT&T Inc. purchased for more than $50 billion in 1999, has a
Chubb's (CB) fourth-quarter 2022 results reflect higher catastrophe losses, which were partially offset by higher net investment income and higher premiums in the company's North America businesses.
Yahoo Finance Live anchors discuss second-quarter earnings for Peloton, which showed narrower-than-expected losses.
Early retirement is a dream for many — that can turn into a nightmare.
The cigarettes company reported adjusted earnings per share of $1.18 on revenue of $6.1 billion in the final three months of the year.
Right now, the average price for a loaf of bread is, approximately, $1.87. Under a new law proposed by House Republicans, that price would go up to more than $2.50. This would be the result of the Fair Tax Act, … Continue reading → The post Congress to Vote on Whether to Abolish the IRS and Introduce One National Tax Rate appeared first on SmartAsset Blog.
(Bloomberg) -- A $480 billion chipmaker whose processors are used for complex computing tasks. A digital-media company seeking to mine nascent technologies for content. A tiny software firm whose shares traded below $1 for most of December.Most Read from Bloomberg8,000 Layoffs Don’t Exactly Scream Family ValuesNational Archives Releases Records Tied to Trump Classified DocumentsIntel Slashing CEO, Managers’ Pay in a Bid to Preserve CashPutin’s War in Ukraine Pushes Ex-Soviet States Toward New Al
CGI (GIB) delivered earnings and revenue surprises of 2.52% and 3.42%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $18.72, marking a +0.59% move from the previous day.
The Indian tycoon's conglomerate is being routed on the stock market, and where it ends is unclear.
Michael Burry, the hedge-fund manager at Scion Asset Management who correctly forecast the 2008 financial crisis, on Tuesday night sent out a one-word tweet: “Sell.” Burry didn’t elaborate, but it’s not hard to fill in the blanks. Assets like bitcoin and ARK Innovation ETF surged in January, in a seeming dash for trash on the view the Fed’s going to pivot to rate cuts soon, which is a lot to stomach for a value-focused investor like Burry.
The board of Intel Corporation ( NASDAQ:INTC ) has announced that it will pay a dividend of $0.365 per share on the 1st...