Oct 22 (Reuters) - Medivation Inc and its Japanese partner Astellas Pharma Inc said a late-stage trial of their experimental prostate cancer drug met the main goal of improving patients' survival.
An independent safety committee monitoring the trial recommended the trial be stopped and patients be treated with the experimental drug enzalutamide, the companies said in a joint statement.
Investors have been buoyed this year by the fact that a mooted recession has failed to materialize. However, Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, says that it does not mean the prospect of one taking place has completely evaporated. “While the investor sentiment pendulum on a recession arriving in 2023 has swung from roughly ’70/30′ to ’30/70′ over the past 6 months based on our dialogue, there is more debate on whether we have avoided it altogether – i.e., soft/no landing
Many retirees plan to earn extra income to supplement their retirement spending. But how much can a retired person earn without paying taxes? The answer to this question varies based on your situation. Understanding the tax rules surrounding retiree income can … Continue reading → The post How Much Can a Retired Person Earn Without Paying Taxes? appeared first on SmartAsset Blog.
Ford Motor and Unifor, a union representing Canadian hourly employees, reach a new, three-year labor deal.
Millions of investors who had accounts at TD Ameritrade became Charles Schwab customers this month. Many individuals and registered investment advisers who were switched over following Schwab’s acquisition of TD Ameritrade say they miss their old accounts. Schwab says the conversion of TD Ameritrade customers is going well, but user opinion isn’t unanimous.
It's been a rough half of the year for the S&P 500 — with it slipping nearly 3%. But that's not stopping analysts from bullish calls.
Is it wise to start converting my 401(k) into an IRA (and then Roth) by 10% per year in order to avoid having to claim too much income each year when converting and also avoid RMDs as much as I can? -Cathy It's definitely smart to be thinking about this, Cathy. Systematic Roth conversions like […] The post Ask an Advisor: Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.
This Barron's reporter has been testing Tesla's Full Self Driving product for a month. We have some thoughts.
As it rolls toward downtown San Francisco, the California Street cable car passes the gothic Grace Cathedral and an 8-foot tall statue of Tony Bennett. Among them is 650 California Street, a 34-story office building that has defaulted on its mortgage. Further on is 101 California, whose second-biggest tenant left last year and whose biggest is slashing staff and office space.
Too many consumers settle for savings accounts that pay almost no interest. High-yield alternatives aren't hard to find.
It's a now-familiar dance: Federal Reserve officials signal to the world that interest rates are not dropping anytime soon. Financial markets respond with bets to the contrary. Forecasts published on Wednesday by the U.S. central bank showed that a majority of its policymakers see the Fed's benchmark overnight interest rate ending this year at 5.6%, which implies one more interest rate hike in the next three months.
(Bloomberg) -- Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wake-Up CallBonds Fall, Dollar Rallies as Hawkish Fed Sinks In: Markets WrapHollywood Screenwriters Reach Deal to End Five-Month StrikeBloated prices
Amazon’s cloud customers will get early access to Anthropic’s technology through Amazon Bedrock, the company’s generative AI platform for businesses.
(Bloomberg) -- Apple Inc.’s basic iPhone 15 model is taking almost twice as long for deliveries this year than its predecessor, signaling high demand for the company’s latest handsets.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wake-Up CallBonds Fall, Dollar Rallies as Hawkish Fed Sinks In: Markets WrapHollywood Screenwriters Reach Deal to End Five-Mo
Friday's bounce fizzled, capping a grim week, with the S&P 500 hitting three-month lows. Tesla is close to breaking, but there are some stocks trying to hold up.
Higher interest rates have washed away much of the wackiness. Two years ago, the Federal Reserve was targeting a core interest rate of 0% to 0.25%. Meanwhile, prices for ordinary investments are as agreeable as they’ve been in years, with the possible exception of a handful of U.S. stocks.
Wall Street stocks struggled to advance on Monday, as the Federal Reserve's "higher for longer" interest rate strategy continued to pile on pressure as a US government shutdown loomed.
The Dow Jones Industrial Average dropped Monday, as the market correction worsens. The 10-year Treasury yield spikes to new highs.
I currently have approximately $225,000 invested in the stock market. Most of that is in conservative stocks and bonds. Do you have an opinion about staying the course or liquidating all or a portion for a few months or years … Continue reading → The post Ask an Advisor: I have $225K in the Stock Market. Should I Cash Out Some of It? appeared first on SmartAsset Blog.
Last year's high-profile divorce between Bill Gates and Melinda Gates made headlines, not only for being one of the most expensive divorces in history — Melinda reportedly walked away with an estimated $70 billion — but also for casting a spotlight on an unusual marital agreement. From the start of their marriage, Gates had Melinda's blessing to continue an annual vacation with his ex-girlfriend Ann Winblad. This arrangement is one many people would find unconventional if not unacceptable. Don’t
Microsoft’s opportunities with artificial intelligence are enough for one Guggenheim analyst to upgrade his rating on the stock, but near-term uncertainties keep him from becoming bullish on the tech-giant. Guggenheim analyst John DiFucci upgraded shares of Microsoft (ticker: MSFT) to Neutral from Sell on Monday and removed his previous $232 price target on the stock.
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