Market News
Is A Rise Imminent For Inovio Pharmaceuticals Stock After A Large 17% Fall In A Month
Forbes - 17 Dec 2021 13:30
The stock price of Inovio Pharmaceuticals, a biotechnology company focused on synthetic DNA products for treating cancers and infectious diseases, has seen a large fall of 17% over the last month, while it is down 8% ove...
Mobile Commerce Platform Rezolve Reaches $2 Billion SPAC Deal
Wall Street Journal - 17 Dec 2021 13:30
Rezolve says its platform lets consumers make physical ads and products instantly shoppable by pointing their phones.
Rivian Shares Fall To Record Low As Company Warns Of Supply Chain Issues
Forbes - 17 Dec 2021 23:00
Rivian's first earnings as a public company showed that ramping up production levels will be no piece of cake.
What's Not to Like About a Fund With a 7% Yield
Wall Street Journal - 17 Dec 2021 18:23
A booming stock market isn't what most conservative investors think of as a source of income. But that, and leverage, are the magic behind the juicy payouts in a popular ETF.
One New Year's Resolution We Should All Make And Keep
Forbes - 17 Dec 2021 18:07
As we close out a year that finds us so divided in so many ways, let me suggest one resolution all of us should make and resolve to keep. We should resolve to become better citizens.
Shares Down 20% From Peak, Adobe Forecasts 13.3% Revenue Growth
Forbes - 17 Dec 2021 17:48
Adobe expects its total addressable market to grow 40% in 2023. So why does it forecast much slower revenue growth next year?
Holiday Tipping Guide for 2021
Wall Street Journal - 17 Dec 2021 17:22
Finance and etiquette professionals say if you can afford to give more than you do usually, this is a year to do it.
FedEx And UPS May Be Signs Of Supply Chain Improvements
Forbes - 17 Dec 2021 17:11
Tech stocks continue selloff in premarket trading as Nasdaq futures are deep in the red on a quadruple witching day. Stocks fail to follow through on Fed rally as investors turn to value investing. FedEx rallies on bette...
Should Investors Fear What The Omicron Variant Could Mean For The Markets?
Forbes - 17 Dec 2021 17:05
if you're incredibly concerned about omicron--and, frankly, even if you're not--perhaps it's time to turn to AI to help you navigate these uncertain times.
Turkish Lira Freefall Accelerates Despite Central Bank Intervention
Wall Street Journal - 17 Dec 2021 16:36
Turkey's central bank intervened to arrest the plunge in the country's currency, which lost as much as 8% of its value against the dollar in an ongoing crisis that is straining the country's financial system.
JPMorgan Admits Failure to Monitor Employees' Messages
Wall Street Journal - 17 Dec 2021 16:31
The brokerage agreed to pay $200 million in fines and admit that it failed to keep track of employees' use of personal messaging apps such as WhatsApp that circumvented record-keeping requirements.
Three All Cap Index Sectors Trade Below Economic Book Value Post 3Q21 Earnings
Forbes - 17 Dec 2021 16:25
The trailing PEBV ratio for the NC 2000, my firm's All Cap Index, fell from 1.7 in 3Q20 to 1.5 in 3Q21, implying constituent profits will increase 50% from 3Q21 levels in the long run.
Family Business Deals Fuel Carvana's Explosive Growth
Wall Street Journal - 17 Dec 2021 16:15
Carvana grew through the pandemic to become the stock market's most valuable car retailer. Deals with related parties, including its largest shareholder, are key to its operations.
S&P Joins Major Credit Raters in Declaring China Evergrande in Default
Wall Street Journal - 17 Dec 2021 15:29
S&P changed its rating on Evergrande and its offshore financing arm Tianji Holding from the highly speculative grade of CC to 'selective default,' a week and a half after the developer failed to make its debt payments.
These Healthcare Stocks Lagged This Year, But Might Offer Deep Value
Forbes - 17 Dec 2021 15:00
Our theme of Out Of Favor Health Care Stocks includes healthcare and pharmaceutical stocks that are seeing a disconnect between their financial performance and recent stock price returns. The theme remains down by about ...
Will the Reddit Army Show Up for Reddit Stock?
Wall Street Journal - 17 Dec 2021 15:00
The home of r/wallstreetbets is going public, and the forum's members might have something to say about what the price is.
Darden shares fall as CEO announces plans to retire; Olive Garden parent raises forecast despite planned wage hike
CNBC - 17 Dec 2021 14:55
Olive Garden parent Darden Restaurants announced that CEO Gene Lee will retire May 29.
Tornado Insurance Payouts On Track to Hit $5 Billion
Wall Street Journal - 17 Dec 2021 14:54
The storms that tore through six states on Friday could be one of the most costly tornado disasters in history.
Johnson & Johnson Stock Is Likely To See Higher Levels In The Near Term
Forbes - 17 Dec 2021 14:30
The stock price of Johnson & Johnson has outperformed the broader indices over the last month or so. While the S&P500 index has seen a rise of 1% over the last one month, JNJ stock is up around 5%. This also compares wit...
Angi Is a Tale of Two Services
Wall Street Journal - 17 Dec 2021 14:03
It is either the best of times or the worst of times for the online home-services company. Investors must decide.
Will Pfizer Stock See Higher Levels After A Large 18% Rise In A Month?
Forbes - 17 Dec 2021 14:00
The stock price of Pfizer (NYSE: PFE) has outperformed the broader indices. While the S&P500 index has seen a rise of 1% over the last month or so, PFE stock is up a solid 19%. This also compares with -10% returns for it...
Hong Kong to Host SPACs From Early 2022
Wall Street Journal - 17 Dec 2021 13:41
The exchange published its SPAC rules following a public consultation that began in September, and said the listing regime would take effect on Jan. 1.