The number of pharmaceutical and biotechnology companies seeking Chapter 11 protection has nearly tripled the 10-year average in 2019 and is expected to continue to rise Continue reading… …read more […]
OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars in legal fees for states that back its proposed $10 billion settlement of opioid lawsuits, but with a condition meant to help victims of the addiction crisis.
The Dow Jones Industrial Average and the S&P 500 fell from record levels on Tuesday as dour forecasts from retailers Home Depot and Kohl’s fueled worries about consumer spending and the U.S.-China trade dispute dragged on.
Ghana became the latest African nation to support the development of an international airline to boost its economy and develop tourism as its government signed a provisional order for three Boeing long-haul 787 Dreamliner jets on Tuesday.
California, the seventh-biggest U.S. oil-producing state, on Tuesday unveiled new regulations for drillers as it seeks to wind down its reliance on fossil fuels. The regulations, which were applauded by environmental groups, sent shares of California-based oil drillers Berry Petroleum Corp and California Resources Corp down sharply. The announcement by Governor Gavin Newsom underscored the sharp differences between the heavily Democratic state and the Trump administration’s energy dominance agenda, which has sought to ease oil and gas regulations and boost U.S. production. …read more […]
Cue Rita Coolidge and the theme song from Octopussy.
U.S. stocks hit a series of their own “all-time highs” last week, and they seem poised to continue higher in the near term.
A number of things have stirred the animal spirits on Wall Street, including…
1. The Fed
You might not like what the Fed is doing. I could argue there was no need for the recent round of rate cuts, especially with the unemployment rate so low.
But the phrase “don’t fight the Fed” is a cliché for a reason.
The Fed’s October rate cut was its third since June. When the Fed previously cut …read more […]
Woody Marshall, General Partner at TCV By John Jannarone Investing in a growth company requires a view that a business can be fundamentally profitable over an extended time horizon. But in some cases, public-market investors simply don’t have the patience to see a business blossom. That’s according to Woody Marshall, General Partner at Menlo Park-Based […] …read more […]
The Dow Jones Industrial Average fell from record levels while the S&P edged lower on Tuesday as dour forecasts from retailers Home Depot Inc and Kohl’s Corp fueled worries about consumer spending as the U.S.-China trade dispute dragged on.
Kohl’s notches another underwhelming quarter. Twitter users weigh in. …read more […]
The post Trulieve Cannabis Is the One Pot Stock Worth Owning appeared first on Investment U. …read more […]
Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand.
Oil prices fell sharply on Tuesday on oversupply concerns while a gauge of stocks across the globe was on track to rise for a seventh straight session after large overnight gains in Asia.
Disney+ customers are reporting that their accounts have been hacked — just one week after the streaming platform’s launch. TrustedSec GRC Practice Lead Alex Hamerstone joins Yahoo Finance’s Zack Guzman and Heidi Chung, along with Black Hawk Financial Founder Leanna Haakons, to discuss on YFi PM. …read more […]
Amazon.com Inc uses “aggregated data” from sellers in its third-party marketplace to improve its overall business, the online retailer said in response to a congressional antitrust probe that could raise concerns with such sellers.
The Dow Jones Industrial Average fell from record levels while the S&P was flat on Tuesday as dour forecasts from retailers Home Depot and Kohl’s fueled worries about consumer spending while uncertainty over the U.S.-China trade dispute simmered in the background.
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