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Rising energy prices have benefited the stocks of companies that produce and process those energy sources.
Shares of BeyondSpring Inc. plunged 55.2% toward a record low in premarket trading Wednesday, after the biopharmaceutical company said that it has received a complete response letter (CRL) from the U.S. Food and Drug Administration, saying the biopharmaceutical company's new drug application (NDA) for its treatment for chemotherapy-induced neutropenia (CIN) "cannot be approved in its present form." The FDA said the results of the single registration trial (106 Phase 3) "was not sufficiently robu
Apple's (NASDAQ: AAPL) stock price climbed 3.2% on Tuesday, despite a sharp fall in the major market indices. Investors were startled by comments from Federal Reserve Chair Jerome Powell, which suggested that the powerful central bank could pull back on stimulus measures sooner than it forecasted. Many analysts had expected the Fed to adopt a more supportive stance toward the economy after health officials detected a worrisome new coronavirus strain that threatens to derail the market's recovery.
There are at least four signs that appear when equities are approaching the abyss.
Wall Street has known its share of legends, but few of them have made as big a splash as “the Man Who Broke the Bank of England.” That nickname belongs to George Soros who earned the tag after famously betting against the British Pound in 1992; following the Black Wednesday crash, the hedge fund manager pocketed $1 billion in a single day. This is the stuff that Wall Street legends are made of. By then Soros was already incredibly successful and in the midst of steering his Quantum Fund to decad
Reddit investors get dumped on because they cling to notions that monied interests are holding back their favorite meme stocks and endlessly cheer the next big short squeeze. There are actually some very smart investors on Reddit and quite a number of the stocks they discuss are very good, well-financed businesses that don't need their shares jawboned above penny stock valuations. Here are two of the most popular Reddit stocks that an investor can actually buy and hold for years to come.
Many companies use the term "artificial intelligence" (AI) to generate hype, but few of them successfully integrate AI to grow their business. Both Upstart Holdings (NASDAQ: UPST) and UiPath (NYSE: PATH) have used AI to drive their businesses. Upstart is using artificial intelligence to redefine how banks determine creditworthiness for loans.
November deliveries come right after the three U.S.-listed Chinese EV makers reported earnings, which included fourth-quarter guidance for vehicle deliveries. NIO reported November vehicle deliveries of 10,878. U.S.-listed shares of NIO rose 3.9% in premarket trading.
Since the Great Recession officially came to an end in 2009, growth stocks have been the driving force on Wall Street. Historically low lending rates, massive government spending programs, and a compliant Federal Reserve providing an abundant pool of cheap capital have incentivized fast-paced businesses to hire, innovate, and acquire other companies. History suggests a market correction is coming, though no one can know for certain when it will occur.
As I was extolling the virtues of Social Security’s 5.9% COLA, the Centers for Medicare and Medicaid Services (CMS) announced that they were increasing the premium for Medicare Part B by 14.5%. As a reminder, Medicare is composed of two programs. Part A, Hospital Insurance (HI), which covers inpatient hospital services, skilled nursing facilities, home healthcare, and hospice care.
Reddit's Apes are a little miffed that "an incorrect entry" caused 11 million loanable, and short-able, GameStop shares to seemingly appear overnight.
Bret Taylor, who has been president and chief operating officer, was promoted to co-CEO with Marc Benioff.
To avoid the worst retirement mistakes, you have to be realistic about your future plans and think ahead. Unfortunately, it's all too easy to make the wrong financial moves when preparing for retirement. According to the Federal Reserve, 37% of non-retired adults believe their retirement savings are on track.
Shares of Apple were rising again Wednesday, following a strong trading day Tuesday that bucked a market-wide selloff. Apple (ticker: AAPL ) stock gained 1.8% to $168.25 in premarket trading Wednesday. The tech giant’s performance could be attributed to several factors, including signs of strong demand and fading supply-chain constraints.
The total U.S. equity market capitalization is about 215% of U.S. gross domestic product---the highest level ever. Sky-high market caps to GDP have come just before hard times for Wall Street.
Canadian marijuana stocks have fallen from their February highs. But one player in the industry got a lot bigger after a merger deal.
Medtronic CEO Geoff Martha joins 'Influencers with Andy Serwer' to discuss his experience working with Elon Musk to build ventilators at the height of the pandemic.
The video gaming hardware company is about to outgrow its video gaming roots.
Stock futures opened higher Tuesday evening to recover some losses after a selloff earlier, when more hawkish remarks from Federal Reserve Chair Jerome Powell compounded with lingering uncertainty around the Omicron variant and its impacts on the economy
Investors are rattled by the FDA's request for an out-of-the-ordinary meeting dedicated to scrutinizing the company's latest drug approval request.
Having delivered less than 200 vehicles so far, Rivian Automotive (NASDAQ: RIVN) sports a market capitalization of roughly $100 billion. As has been widely covered in the media, the company's market cap exceeds that of General Motors or Ford Motor Company (NYSE: F). Founded in 2009, Rivian entered the EV market with a five-passenger pickup truck, R1T, and started deliveries in September this year.