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Yahoo Finance Plus Bristol Myers' Revlimid Takes A 32% Hit As Generics Keep Coming
Bristol's Revlimid took fewer than expected generic hits in the fourth quarter, resulting in a beat and a pop for BMY stock Thursday.
Bristol's Revlimid took fewer than expected generic hits in the fourth quarter, resulting in a beat and a pop for BMY stock Thursday.
Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse that his financial advisers harbored doubts about.
Analysts don't usually tell investors to sell S&P 500 stocks. So when they do, it's wise to pay attention.
Bank runs and extreme market volatility – are the shades of 1929 upon us? Probably not, the current situation, while dangerous, is unlikely to trigger an economy-wide depression. The real test, at least according to David Kelly, JPMorgan’s chief global strategist for asset management, will come on Wednesday, at the Federal Reserve’s next interest rate policy meeting. The central bank will have to determine which risk is more urgent, persistent high inflation or a bank crisis, and adjust its rece
Reuters Credit Suisse Bondholders Enraged As $17B Of AT1 Debt To Be Written Down To Zero: What It Means Credit Suisse Group AG (NYSE: CS) said 16 billion Swiss francs ($17.24 billion) of its additional tier 1 (AT1) debt, a type of bond, will be written down to zero on the orders of the Swiss regulator FINMA as part of its rescue merger with UBS Group AG (NYSE: UBS). The decision by the Swiss regulator would mean AT1 bondholders may be left with nothing while shareholders, who sit below bonds in
The crisis of confidence affecting regional banks poses a serious risk to the economy, the billionaire entrepreneur warns.
(Bloomberg) -- For decades, Switzerland has sold itself as a haven of legal certainty for bond and equity investors. The collapse of Credit Suisse Group AG revealed some unpleasant home truths. In the race to secure UBS Group AG’s purchase of its smaller rival over the weekend, the government invoked the need for stability and emergency legislation to override two key aspects of open markets: competition law and shareholder rights. Then bondholders discovered that $17 billion worth of so-called
Efforts to reassure the public that First Republic is safe have so far been unsuccessful as bank's shares plunge.
(Bloomberg) -- First Republic Bank shares rallied in US premarket trading after falling to a record low Monday, as investors ponder what’s next for the struggling midsize lender following an offer of help from JPMorgan Chase & Co.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s Fate Was Sealed by Regulators Days Before UBS DealMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndUS Studies Ways to Guarantee All Bank Deposits If Crisi
Palo Alto Networks and Salesforce lead this list of 16 top-rated growth stocks eyeing 50% to 439% EPS growth this year.
(Bloomberg) -- Bank failures, market turmoil and ongoing economic uncertainty as central banks battle high inflation have increased the chances of a “Minsky moment,” according to JPMorgan Chase & Co.’s Marko Kolanovic.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndCredit Suisse’s Fate Was Sealed by Regulators Days Before UBS DealUS Studies Ways to Guarantee All Bank Deposits If Crisis ExpandsThe
In the wake of unprecedented short squeezes involving stocks like GameStop and AMC in early 2021, a group of retail investors from the Reddit forum r/WallStreetBets (and the spinoff called r/WallStreetSilver) set their sights on the silver market, attempting to challenge Wall Street giants with a so-called "silver short squeeze." The silver short squeeze movement was sparked on the r/WallStreetBets forum, where users urged each other to buy silver and silver-related assets to drive up prices and
The suit follows similar action against celebrity endorsers of FTX like Tom Brady and Madonna.
The Dow Jones rallied even as the latest Fed meeting, led by Jerome Powell, looms. First Republic stock plunged. A Donald Trump stock surged.
(Bloomberg) -- Some of the world’s biggest investors are looking beyond interest-rate hikes, bank failures and the threat of recession to one of the greatest fears of all money managers — missing out on the next big rally.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s Fate Was Sealed by Regulators Days Before UBS DealMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndUS Studies Ways to Guarantee All Bank Deposits If Crisis Expand
Prepare. The author sees more pain ahead.
Invest in what matters to you.
While electric vehicles (EVs) are getting the headlines in the automotive industry, there are two other trends that will reward closer investor attention. These are driver assistance and autonomous vehicles. These are based on similar technologies – advanced sensor systems, machine learning and AI, and interactive interfaces for the human operator – but they fill different roles. For investors, however, these technologies will offer a realm of opportunities where the rubber meets the road. The a
High inflation, a banking crisis, rising interest rates, and geopolitical tensions...
Petrobras' (PBR) appeal has been rejected in a case involving unpaid taxes, which might cost the company R$18 billion.
While Chick-fil-A creates numerous political controversies, its customer base really loves its chicken. In the most recent version of the survey, for example, Chick-fil-A scored an 83, putting it well-above second-place finished Jimmy John's at 79. In a broad sense, on a local store-based level, Chick-fil-A has built its business around customer service.