‘Everybody wants to have asset prices forever going up and the cost of financing to be next to nothing,' Kerry Killinger says.
Geron Corporation (NASDAQ: GERN) stock is trading higher during the premarket in reaction to data publication from the IMbark Phase 2 trial of imetelstat for myelofibrosis (MF) in the Journal of Clinical Oncology. The publication highlights the clinical benefits observed in the study, including symptom response and overall survival, as well as positive biomarker and bone marrow fibrosis assessments, in heavily pre-treated patients. As stated in the paper, IMbark tested two imetelstat doses, and
Transportation finance provider CAI International’s (CAI) shares jumped about 45% in Friday’s pre-market trading as the company agreed to be acquired by Mitsubishi HC Capital at $56 per share and an enterprise value of $2.9 billion. The purchase price represents a premium of 46.8% over CAI’s closing price on June 17. Per the terms of the deal, CAI’s Series A and Series B preferred stock investors will get $25 in cash for each preferred share held, along with all accrued and unpaid dividends. The
Roku Inc. said Friday that its new original programming helped drive a "record number" of unique viewers to its Roku Channel ad-supported platform in the first two weeks since the company released 30 original series there. Roku built a base of original shows by buying more than 75 shows and documentaries from Quibi, a short-form video company that launched with much fanfare but had to shut down due to limited traction. In the first two weeks since Roku dropped the initial batch of original serie
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.
Brian Cheung joins Myles Udland, Brian Sozzi, and Julie Hyman to discuss the implications of Bullard's comments on Fed Chairman Jerome Powell officially opening taper discussions and what this could mean for the market moving forward.
Other stocks with high short interest and days-to-cover include Inovio Pharmaceuticals and B&G Foods.
Advanced Micro Devices (AMD) shares rallied 5.6% to close at $84.56 on June 17. AMD is a semiconductor company that develops computer processors and related technologies for business and consumer markets. The surging demand for data center chips from data center operators, high-performance computing (HPC) applications, gaming, and VR/AR devices due to the coronavirus crisis, is fueling growth for the stock. With a market capitalization of $102.7 billion, the chipmaker has gained 56.5% in the pas
Shares of Orphazyme A/S plummeted 54.3% in premarket trading Friday, after the Denmark-based biopharmaceutical company said overnight that it received a "Complete Response Letter" (CRL) from the U.S. Food and Drug Administration regarding its treatment for Niemann-Pick disease type C (NPC). The CRL said additional qualitative and quantitative evidence was needed to substantiate the validity and interpretation of the 5-domain NPC Clinical Severity Scale and the swallow domain, as well as addition
Shares of the small, Alzheimer's-focused biotech leapt on June 7, after the FDA approved Biogen's controversial therapy for the disease.
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.
Stocks fell Friday to extend a streak of choppy trading after the Federal Reserve's latest monetary policy decision and projections.
(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
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 […]
A clever use of term life policy could help your loved ones keep more of what’s theirs.
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
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.
(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.
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 […]
SEATTLE (Reuters) -Boeing Co prepared to stage a maiden flight of the largest member its 737 MAX family on Friday, in a further step towards recovering from the safety grounding of a smaller model. The first voyage of the 737 MAX 10, expected around 10 a.m. local time (1700 GMT) in the Seattle area, 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 being kept deliberately low-key as Boeing tries to navigate overlapping crises caused by the 20-month grounding in the wake of two crashes and the COVID-19 pandemic.