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Wilks Brothers LLC will acquire CARBO through a debt-for-equity exchange.
Tesla is set to release quarterly results after market close on Wednesday, with Wall Street optimistic that the automaker's record-setting third-quarter deliveries will translate into strong profits even as supply chain challenges weighed broadly on the auto industry.
Oppenheimer analyst Hartaj Singh discusses the latest developments in the vaccine space, the state of biotech and why he thinks despite the recent selloff in Novavax, the company will deliver good sales in 2023 and beyond.
Yahoo Finance's Emily McCormick discusses Pinterest stock surge amid reports that PayPal is mulling its acquisition.
Lisa Ellis, MoffettNathanson Senior Equity Analyst, discusses Coinbase's new partnership with Facebook for new 'Novi' cryptocurrency wallet.
Yahoo Finance markets report Ines Ferré takes apart Tesla ahead of its Q3 earnings
Yahoo Finance’s Ines Ferre reports on the day's trending tickers.
The FDA has granted Sesen Bio Inc's (NASDAQ: SESN) request for a Type A meeting to discuss the Chemistry, Manufacturing, and Controls (CMC) issues raised in the Complete Response Letter for Vicineum for BCG-unresponsive non-muscle invasive bladder cancer. Related: Sesen Bio Stock Crashes As FDA Shoots Down Its Bladder Cancer Pitch. The CMC Type A Meeting has been scheduled for October 29. The Company is also preparing for a separate Type A meeting to discuss the recommendations specific to addit
(Bloomberg) -- Sara Blakely founded Spanx Inc. in 2000 with $5,000 of her personal savings earned from selling fax machines door-to-door. She just struck a deal with Blackstone Inc. that values the company at $1.2 billion. Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech
Shares of Ford Motor Company (NYSE: F) were moving higher on Wednesday morning, after a Wall Street analyst boosted his bank's rating on the stock in a bullish note. As of 11 a.m. EDT today, Ford's shares were up about 4% from Tuesday's closing price. In a new note on Wednesday morning, Credit Suisse Group analyst Dan Levy raised his bank's rating on Ford's stock to outperform, from neutral, and increased its price target to $20 from $15.
Can I retire at 55? It’s a question you might be asking yourself if you’re hoping to make an early exit from the workforce. While normal retirement age for most people usually means 65 or older, early retirement could give … Continue reading → The post Can You Retire at Age 55? Let’s Run the Numbers appeared first on SmartAsset Blog.
After launching with an approximate $3 billion valuation, coffee chain Dutch Bros (NYSE: BROS) continues flexing its market cap muscles. Unlike many IPOs, whose share price spikes briefly and then slumps in profit-taking, Dutch Bros' market capitalization has grown more than threefold since its debut at $23 a share on Sept. 15. The momentum seems to be causing a feedback loop of new investment, while Wall Street analysts are giving the newly public company a slew of bullish ratings.
After uproar over a proposal to have banks tell the Internal Revenue Service about their customers’ annual cash-flow information, the Biden administration and congressional Democrats unveiled a new, pared-down proposal on Tuesday. Now the question is whether this version of the proposed reporting requirement, which would kick in at the $10,000 mark instead of covering transactions above a $600 threshold, will, if it passes, win over critics and help the IRS catch tax cheats. In the Biden administration’s bid to ensure rich households pay their full tax bill, they proposed months ago that bank, loan and investment accounts report to the IRS on their customers’ aggregate “inflow” and “outflow” above the $600 point on a yearly basis.
What's really interesting about the stock market is there are always new companies trying new things. And sometimes the stocks of these companies come out of nowhere and blow the market averages away.
WASHINGTON (Reuters) -Senior Democrats in Congress have agreed to raise their proposed tax reporting threshold for bank account inflows and outflows to $10,000 a year, with exemptions for wage income, from an earlier proposal of $600 that drew criticism for being too intrusive. U.S. Senate Finance Committee Chairman Ron Wyden on Tuesday said the new $10,000 Internal Revenue Service reporting threshold, to be included in Democrats' sweeping "reconciliation" social spending and tax hike legislation, was chosen after consultations with the U.S. Treasury because it is a level frequently used in other bank reporting requirements.
Moderna (NASDAQ: MRNA) stock might look a bit expensive these days. At the same time, some investors wonder whether Moderna may have reached peak sales of its coronavirus vaccine. Right now, it's too early to predict if and when coronavirus vaccine sales will slow.
Yahoo Finance's Brian Sozzi, Brian Cheung and Julie Hyman break down how Novavax, Biogen, and Abbott Labs are faring in Wednesday’s market
Activist investor Engine No. 1 in May shocked the oil-and-gas industry when three of its four nominees were elected to the board by Exxon shareholders, who were frustrated by weak returns and the company's flagging attention to climate concerns. The board members expressed concerns about some projects, including a $30 billion liquefied natural gas development in Mozambique and another multibillion-dollar gas project in Vietnam, the WSJ report said, citing people familiar with the matter. Exxon did not immediately respond to a Reuters request for comment.
Chinese electric vehicle maker Nio Inc (NYSE: NIO) may introduce its electric sedan ET7’s electric drive system to all models, cnEVpost reported on Tuesday, citing a Chinese news publication. What Happened: The Shanghai-headquartered Nio may bring the second-generation electric motor to other models such as the ES8, ES6 and EC6, as per reports coming from China. The electric drive system has a combined system power of 480kW — 180kW at the front and 300kW at the rear — and a peak torque of 850 Nm
IBM stock dropped in late trading after reporting third-quarter results that fell short on revenue estimates but met views on earnings.
After glowing a healthy shade of green yesterday, marijuana stocks are wilting on Wednesday, with shares of Canopy Growth (NASDAQ: CGC) down 2.6%, Tilray (NASDAQ: TLRY) tumbling 2.8%, and Hexo (NASDAQ: HEXO) off a more disturbing 6.7% as of 11:30 a.m. EDT. News from Mexico, to be precise. Yesterday, investors snapped up shares of Canopy Growth, which rose 8.6%, and Tilray and Hexo as well -- up 15.8% and 14.8%, respectively.