Month: August 2020

Apple just passed a major valuation milestone. Here’s when it may pass the next one. …read more […]

Oracle Corp (NYSE: ORCL) is considering purchasing several regional assets of TikTok, the social media brand owned by Chinese company ByteDance. But does such a deal make any sense? And will it help Oracle’s stock price?
President Trump has threatened to shut down TikTok in the United States within 90 days if ByteDance doesn’t sell to an American company. Oracle’s co-founder and CTO Larry Ellison is a friend and major donor for Trump.
Meanwhile, Microsoft Corp (Nasdaq: MSFT) has also expressed interest in purchasing TikTok. Even Twitter (NYSE: TWTR) has shown some interest.

Oracle Stock and a TikTok Purchase
Oracle Corp has reportedly been …read more […]

(Bloomberg) — Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Wednesday as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.The Chapter 11 filing in the U.S. Bankruptcy Court for the Southern District of Texas comes after the company said it could be forced to seek creditor protection after skipping bond payments.Valaris has entered into a binding restructuring support agreement with about half of its noteholders and received $500 million in debtor-in-possession financing, the company said in a statement. The company listed total …read more […]

President Donald Trump on Wednesday called for a boycott of Goodyear (GT) reacting to a report that suggested the company ruled the use of his trademark “Make America Great Again” unacceptable on the job, while allowing the use of other culturally sensitive messages. …read more […]

(Bloomberg) — The Food and Drug Administration’s rejection of a pair of medicines that Wall Street expected to sail by regulators raised concerns that other upcoming drug decisions could meet a similar fate.Setbacks for Galapagos NV and Gilead Sciences Inc.’s rheumatoid arthritis treatment and BioMarin Pharmaceutical Inc.’s hemophilia A gene therapy turned up the heat for biotechnology investors betting on companies with key decisions in the coming months. Shares fell as Biogen Inc.’s experimental Alzheimer’s disease drug and Bristol Myers Squibb Co.’s medicines acquired from Celgene Corp. were seen among those at risk.“I’m getting the question a lot about how …read more […]

BioMarin shares fell 31%, or $37, to $81.54 in morning trading. There are about 16,000 patients in the United States with hemophilia A in which they are missing the factor VIII clotting protein. It was hoped the gene therapy would enable patients to forego or reduce those infusions. …read more […]

GT’s 40-day moving average has been a launching pad for the equity in the past …read more […]

(Bloomberg) — Kuwait has 2 billion dinars ($6.6 billion) worth of liquidity in its Treasury and not enough cash to cover state salaries beyond October, Finance Minister Barak Al-Sheetan warned parliament, as political wrangling again delayed efforts to return to international bond markets.The government is withdrawing from its General Reserve Fund at a rate of 1.7 billion dinars a month, meaning liquidity will soon be depleted if oil prices don’t improve and if Kuwait can’t borrow from local and international markets, he said.As energy-rich Gulf states see their finances hammered by the collapse in oil prices and the coronavirus pandemic, …read more […]

Saving money is something that’s very important to do throughout your life. Usually, your twenties are a time when you have very few responsibilities and you’re at the start of your career. It also means that you might have a lot more money to play with. And it’s good to try and save where you can. Here’s how to save money in your 20s.

Learn the Fundamentals of Personal Finance
When you start trying to save money in your 20s, it’s important to know its value. And the value of money is certainly something you become more aware of when you start …read more […]

Regeneron (REGN) and Roche (RHHBY) announced on Wednesday a partnership to ramp up production of the therapy as well as fund clinical trials. …read more […]

Apple’s market value has crossed the $2 trillion mark, putting it in a rare class of public companies. …read more […]

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In the investing game, the rules may no longer apply. Billionaire hedge fund manager Ray Dalio warns that the Federal Reserve has artificially propped up markets, with traditional valuation metrics no longer telling the whole story. Further, he thinks there’s a risk that the U.S. dollar will be displaced as the global reserve currency.“The capital markets are not free markets allocating resources in the traditional ways… The economy and the markets are driven by the central banks in coordination with the central government,” Dalio explained. Even though the titan believes the unprecedented stimulus was justified, he argues these actions have …read more […]

Like a puppy chasing its tail, some new investors often chase ‘the next big thing’, even if that means buying ‘story… …read more […]

Yahoo Finance’s Alexis Christoforous shares what’s making headlines Wednesday morning. …read more […]