We know that the U.S. population is aging. 10,000 Baby Boomers turn 65 every day. Maybe that’s more than you thought. Maybe that’s less. But in absolute terms, it’s a lot of people requiring specialized housing (with long-term care option on site, for example) and a statistic that grows as the years go by. This yields very attractive economics in the demand for senior housing,....More>>>
Credit Suisse said Tuesday that it plans to cut up to 6,500 jobs after suffering a loss of 2.4 billion Swiss francs ($2.4 billion) in 2016.
The Zurich-based lender said the bulk of the loss resulted from of a $2 billion provision it made for a settlement with the U.S. Department of Justice.
The Justice Department announced in January that Credit Suisse would pay a total of $5.3....More>>>
Michael Lewis: A Warning for Index Investors From the Oakland A’s
Whats Best Investment Since 2000? Most Americans Guessed Wrong
Trump Tax Proposal to Include Estate Tax Repeal
Former Federal Reserve Board Chairman Ben Bernanke, who helped steer a flailing economy through the Great Recession into recovery, is worried about congressional proposals to unwind Dodd-Frank regulations.....More>>>
Shares of Radius Health (NASDAQ:RDUS) rose over 20% Monday morning after Amgen (NASDAQ:AMGN) announced worrisome complications were discovered during a phase 3 trial for its osteoporosis drug candidate, Evenity. While the drug candidate met its primary endpoint in a more than 4,000-patient phase 3 study, a high rate of serious heart-related side effects were discovered. The....More>>>