Month: August 2018

Major pharmaceutical companies are partying like it’s 2001. U.S. drugmakers including Pfizer Inc., Eli Lilly & Co., and Merck & Co. are seeing their share prices balloon to the highest levels in more than 16 years as investors rotate in after second-quarter results proved stronger than expected. Impressive earnings paired with waning concerns about potential Trump administration actions on drug pricing could be helping to draw generalist investors in a bit of a “catch up trade,” according to Credit Suisse analyst Vamil Divan. …read more […]

FBN’s Charlie Gasparino on the fallout from Tesla CEO Elon Musk’s tweet about taking the company private and Twitter CEO Jack Dorsey admitting bias at the social media company. …read more […]

Find out why benefits are about to get a boost. …read more […]

The past few weeks have been tough ones for Intel (NASDAQ:INTC) shareholders, as Intel stock has peeled back from its early June peak of $57.60 to a multi-month low near $47… an 18% setback. Not only was the market reminded of just how much good competition the chipmaker faces on all fronts, but also another batch of security flaws unique to some of its computer processors were announced. The latter, however, is something current and would-be owners of Intel stock just may not be willing to give. …read more […]

Twitter CEO Jack Dorsey did not give many details on how the social media giant is battling ‘fake news’ in a recent CNN interview. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Ethan Wolf-Mann discuss. …read more […]

Yahoo Finance’s Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to break down the latest market moves. …read more […]

Saudi Arabia has been in talks with the electric-car maker Lucid Motors, Reuters reported Monday. JPMorgan cut its price target for Tesla to $195 from $305 on Monday, citing the fact that funding for a go-private deal had not been secured as CEO Elon Musk originally said. Tesla shares sank more than 6% in early trading Monday but crawled back into the green shortly after open. …read more […]

U.S. oil producer ConocoPhillips will recover about $2 billion under a settlement with Venezuela’s state-run oil company, PDVSA, ending a long-running dispute over the fallout of the nationalization of the country’s oil industry. The dispute heated up in May https://www.reuters.com/article/us-conocophillips-pdvsa/conoco-has-seized-venezuela-pdvsa-products-from-isla-refinery-curacao-idUSKCN1IE0Y8?il=0 when Conoco moved to seize the Caribbean assets of PDVSA, after the International Chamber of Commerce (ICC) ruled that the Venezuelan state oil driller violated several contracts. …read more […]

One of Wall Street’s most bullish Nintendo analysts raises his forecast for the video-game maker’s stock price. Nintendo will launch mobile-game Dragalia Lost, Switch Online and 1P Switch games soon and gain China market share. Jefferies, one of the biggest Nintendo bulls on Wall Street, says shares of the Japanese game maker could soar 80% — even if Switch sales are flat. …read more […]

Harvard Law Professor Emeritus Alan Dershowitz on former CIA Director John Brennan threatening to sue President Trump, Trump lawyer Rudy Giuliani’s comments about ‘truth’ and the Mueller investigation. …read more […]