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Report says COVID-19 patients respond to Gilead's remdesivir, shares surge

A University of Chicago hospital participating in a study of the antiviral medication said it is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week, according to medical news website STAT https://www.statnews.com/2020/04/16/early-peek-at-data-on-gilead-coronavirus-drug-suggests-patients-are-responding-to-treatment. Gilead, in an emailed statement, said “the totality of the data need to be analyzed in order to draw any conclusions from the trial.” UChicago Medicine, also in an email, said “partial data from an ongoing clinical trial is by definition incomplete and should never be used to draw conclusions.” …read more […]

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Roku Topped Estimates, but Uncertainty Lies Ahead

On Monday, Roku (ROKU) released an update on Q1 figures and investors liked what they saw.The stay-at-home measures have provided Roku with new account growth beyond its initial guidance for the quarter, with the company estimating a net increase of 3 million active accounts from December 31 to March 31, reaching 39.8 million.Roku expects revenue for the quarter to come in between $307 million and $317 million, up by 51% year-over-year, beating its previous call for revenue between $300 million and $310 million, and well ahead of the Street’s call for revenue of $299.8 million.The stock skyrocketed 32% since the …read more […]

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Brent oil jumps nearly 3% after Trump lays out plan for easing coronavirus restrictions

Oil prices rose on Friday with Brent gaining nearly 3% after President Donald Trump laid out guidelines on reviving a U.S. economy ravaged by the coronavirus pandemic that has punched a huge hole in global demand for crude and refined products. Brent was up by 75 cents, or 2.7%, at $28.57 a barrel by 0058 GMT, while U.S. crude for May delivery, which expires on April 21, was up 1 cent, or 0.1%, at $19.88 a barrel. Trump laid out a three-stage process for ending lockdowns to stop the spread of the coronavirus that has now killed …read more […]

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Business News

Fed’s Kashkari says Trump’s ‘staged approach’ to reopen economy makes sense

President Donald Trump’s plan for reopening the U.S. economy following the novel coronavirus pandemic “makes sense” and is consistent with the advice of health experts, Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with Fox News Channel on Thursday.

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Fortune Will Favor Miners with Nerves of Steel

(Bloomberg Opinion) — After years of buying at the peak of the economic cycle and selling in the trough, could the world’s big diggers do the reverse? Compared to peers in oil and gas, Rio Tinto Group and the largest diversified miners are riding out the coronavirus storm in sheltered positions: They have low operating costs, little debt and more than $60 billion in liquidity.History matters here. Just over a decade ago, miners binged on hubristic investments like Rio’s acquisition of aluminum producer Alcan or Anglo American Plc’s Minas Rio iron-ore venture. In the hangover years between 2012 and 2016, …read more […]

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The Greatest Investment Story You’ve Never Heard Of

I remember being in my early 20s and thinking that my dad was so old and out of touch that his opinion wasn’t worth paying attention to.
He was in his late 40s at the time. Ancient, I know!
Fast-forward a couple of decades, and of course my view is very different. I’m now convinced that my dad’s take on things was much more valuable than mine.
Experience counts, folks, and no place more so than in investing.
I will prove it to you today with my absolute favorite investing success story of all time…
Achieved by an 85-year-old man!
Not Your Ordinary Charlie…
Chances are you …read more […]