Pharmaceutical companies usually are involved in a lengthy process of getting their drug candidates to market through clinical trials. There is a fair amount of risk involved, should a study come back negative or a candidate not be approved. Conversely, if a drug gains FDA approval or passes a c
Sweden’s krona soared after the debt office announced it will position for a stronger exchange rate, inserting itself into a debate over whether the central bank has been damaging Sweden’s economy with its efforts to weaken the currency.
When casino gambling is legalized in Japan, we’re going to see an all-out spending war among resort operators because it could become the world’s most lucrative market. And because of the potential Japan offers casino operators, the feeding frenzy they promise could also make it the most expensive gambling market in the world.
WFT CEO Krishna Shivram. Source: WFT Annual Report
Last month Weatherford International (NYSE:WFT) borrowed $540 million in senior notes to pay down its revolver and cure a potential covenant breach. It also raised about $450 million in equity to help shore up its balance sheet and fund more cash burn. The shares were sold to a passive investor who also has warrants to acquire an additional....More>>>
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Graph 1: Teslas annual gross profit and SG&A expenses as percent of revenue, excluding Energy....More>>>
When her autistic son, Gregory, was nearing 18, Kathy Hebert made a call to her longtime brokerage firm for financial advice related to his special needs and hung up in tears. They just didnt get it. Then, she made a cold call to Bank of America Merrill Lynch financial advisor Daniel Cutter who helped Hebert and her husband figure out the special needs puzzle, with the handholding required. These....More>>>
While U.S. equities continue their sideways skid just below the Dow 20,000 threshold — a level that has provided intractable for the last five weeks — buyers aren’t sitting still. Since the New Year, vigorous new interest has been seen in biotech stocks as hopes build for president-elect Donald Trump’s plans to repeal and replace Obamacare, potentially improving both cost....More>>>
Stocks fell today in tandem with U.S. Treasury bonds, raising concerns that the market might not be able to withstand higher interest rates.
The S&P 500 fell 0.3% to 2,133.04 today, while the Dow Jones Industrial Average declined 29.65 points, or 0.2%, to 18,169.68. The Nasdaq Composite fell 0.7% to 5,215.97. 10-year Treausry notes fell as their yields rose....More>>>
If there’s one thing taxpayers fear more than owing the IRS money, it’s having their returns audited. While your chances of getting audited are statistically pretty low, it pays to be aware of the moves that could land you on the tax man’s watch list. With that in mind, here are three tax deductions that could result in an audit if you’re not careful about how you claim them.
Zacks Investment Research upgraded shares of Carnival Cruise Line (NYSE:CCL) from a hold rating to a buy rating in a report released on Tuesday morning. The firm currently has $73.00 price objective on the stock.
According to Zacks, “Carnival shares have outperformed the industry i
Engineers Gate Manager LP lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,646 shares of the construction company’s stock after selling 6
Trexquant Investment LP trimmed its holdings in shares of Dolby Laboratories, Inc. (NYSE:DLB) by 49.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,684 shares of the electronics maker’s stock after selling 4,492 shares during the pe
In early 2017, I wrote an article on Berkshire Hathaways intrinsic value. At the time, I asserted Berkshire was worth $200-$215 per share a valuation range briefly exceeded earlier this year. Several readers asked me to update my analysis to account for changes that have occurred in the interi
The short interest in social media company Snap Inc. (NYSE: SNAP) rose 16 million shares, or 17%, to 109 million shares for the period that ended May 15. It is the 11th most shorted stock traded on the New York Stock Exchange. Worse, the position is 25% of the float, a sign of how big the bet re