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5 Ways the Impeachment Hearings Might Impact Stocks

Few people have neutral feelings about the 45th president of the United States. People either strongly support the current commander in chief or disapprove of him and his administration with a religious fervor.
But however you feel about President Trump, one thing is undebatable: The impeachment hearings will have an impact on the U.S. economy and global markets.
What risk does this pose to your investment portfolio? Nothing is certain in the world of finance, but we spoke with experts and discovered five things to keep a close eye on as the proceedings advance.

5 Ways the Impeachment Hearings Might Impact Stocks
1. The …read more […]

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CBS and Viacom to close merger on Dec. 4

Shares of the combined company, which would be renamed as ViacomCBS Inc, are expected to start trading on Nasdaq from Dec.5 under the new ticker symbols “VIACA” and “VIAC”, the companies said. Earlier in August, CBS and Viacom agreed to merge, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years after breaking them up. The two companies are controlled by National Amusements Inc, the holding company owned by billionaire Sumner Redstone and his family. …read more […]

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EBay to sell ticketing unit StubHub for $4.05 billion

In January, activist investors Elliott Management Corp and Starboard Value had urged eBay to sell its ticket sales business and eBay Classifieds Group as part of a plan that could double the company’s value. Elliott valued StubHub between $3.5 billion and $4.5 billion, while eBay Classifieds between $8 billion and $12 billion. …read more […]

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Tesla shares rise as Musk says Cybertruck orders hit 200,000

Tesla Inc shares rose 4% on Monday after Chief Executive Officer Elon Musk tweeted over the weekend that the company had already received 200,000 orders for its futuristic Cybertruck pickup. Tesla opened preorders immediately, however, and allowed potential buyers to book the truck by depositing just $100, compared to the $1,000 Tesla charged for booking Model 3 sedans in 2016, drawing the flood of reservations and sending the company’s shares back up on Monday. From touting the features of the new vehicle to taking a dig at Ford rival F-150 pickup truck, Musk has been tweeting furiously to …read more […]

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UPDATE 1-CymaBay Therapeutics scraps liver disease studies; shares plunge

CymaBay Therapeutics Inc said on Monday it was scrapping two mid-stage studies testing its lead drug for two types of liver diseases after observing “atypical” findings in one of the trials, sending its shares down 79% in premarket trading. The atypical findings in non-alcoholic steatohepatitis (NASH) were observed in patients who had shown an improvement in their condition during the trial, or had shown signs of disease stabilization, it added. The second trial was testing the drug in patients with primary sclerosing cholangitis, a chronic disease that damages the bile ducts. …read more […]