Controversial French film “Cuties” — about a young Senegalese girl in Paris who joins a “free-spirited dance clique” to escape family dysfunction — has spawned a new backlash against Netflix by critics who allege the film goes over the line in portraying children in a sexualized manner. The hashtag “CancelNetflix” was the No. 1 trending […] …read more […]
Warren Buffett is a big fan of long-term dividend stocks. In fact, his favorite holding period is forever. When he buys a great company at an undervalued price, the long-term returns can be huge.
The steady income is also great for many investors. It’s a popular retirement strategy. You can build up a portfolio of dividend stocks and live off of the dividend income. Or even owning just a few dividend stocks can help offset your living expenses.
Although, there is one problem with this strategy. Not all dividend stocks are a good investment. That’s why I’ve done some deep analysis and …read more […]
This week, one of the key players in the COVID-19 vaccine race took a leap forward.On Tuesday, Inovio Pharmaceuticals (INO) announced that Thermo Fisher Scientific had signed a letter of intent to manufacture its DNA COVID-19 vaccine candidate, INO-4800. Thermo Fisher will be added to a list of partners that includes Richter-Helm Biologics and Ology Bioscience. This global manufacturing consortium will support the commercial production of 100 million doses of INO-4800 in 2021, should the candidate ultimately receive FDA approval.H.C. Wainwright’s Raghuram Selvaraju points out that Thermo Fisher plans to manufacture INO-4800 as well as perform the fill and finish …read more […]
(Bloomberg) — Online learning company K12 Inc. saw its stock plummet after Miami-Dade County Public Schools abandoned its platform following a chaotic start to the school year.The school board, which represents one of the largest districts in the country, made the decision following a meeting marked by a myriad of complaints from parents and teachers.Some said the platform was confusing on top of connectivity issues and a cyber attack, in which a 16-year-old student in connection with the event has been arrested.Shares fell as much as 17% on Thursday in the biggest intraday drop since March 17.Shaun McAlmont, president of …read more […]
(Bloomberg) — For the West Coast, the blackouts are mostly over. Now it’s a matter of flames and smoke.Raging fires across the coastal states have forced evacuations, strained fire-fighting resources and smothered much of the region in a twilight pall. While a heat wave has eased and California utilities that shut down their power lines to prevent fires have switched the lights back on, the lingering effects of wind storms this week are proving devastating.More than half a million acres of forests and grassland burned in California on Wednesday alone, including a blaze in Butte County that killed at least …read more […]
Lucid Motors CEO Peter Rawlinson joins Yahoo Finance’s Zack Guzman to discuss the company’s new electric, luxury sedan as competition intensifies within the EV space. …read more […]
Managers at electric carmaker Tesla Inc on Thursday demonstrated new supercharger equipment on a Berlin research campus, saying they were looking at more target cities to attract potential buyers worried about access to charging. “Now, as part of our commitment to make Tesla ownership easy and convenient for everyone including those without immediate access to home or workplace charging, we are expanding out supercharging network into city centres,” said Jeroen van Tilburg, manager Europe of charging infrastructure at Tesla. A company spokesman told reporters Tesla would open at least one more inner-city fast charging site in Germany in 2020, possibly …read more […]
In the biotech world, positive clinical data readouts can be the spark that ignites the flame. Case in point: Intra-Cellular Therapies (ITCI) shares skyrocketed over 70% in Wednesday’s trading session, following positive results from a Phase 3 trial evaluating 42mg lumateperone (Caplyta) in patients with bipolar depression (BPD).The Caplyta arm of the trial was statistically significant on both the primary endpoint of change in total MADRS score and in the key secondary endpoint of CGI-BP-S Depression Score. To this end, ITCI is set to file an sNDA in late 2020 or early 2021.Writing for SVB Leerink, analyst Marc Goodman likes …read more […]
(Bloomberg) — Investors in a $1 billion subordinated bond issued by Citigroup Inc. seven years ago received an unusual notice on Thursday: their bond won’t mature in five years’ time but in 2043 instead.The New York-based bank made a mistake when drawing up the bond’s prospectus back in 2013. While the document was headed “6.675% Subordinated Notes due 2043,” its maturity was given as September 13, 2025 no fewer than three times in the text. The bank was also selling a separate $1.42 billion tranche of subordinated bonds maturing in 2025 at that time.Prospectuses are legal documents setting out the …read more […]
Cory Johnson, Epistrophy Capital Managing Member joins the On the Move panel to discuss Tesla stock and their exclusion from the S&P 500. …read more […]
Volatility is on us, with a vengeance. After rising, rising, rising most of the summer, markets made a sudden correction early this month. The losses were serious, but small in comparison to the earlier gains. But the key was volatility. Even with the losses, the S&P is up 5% year-to-date, and the NASDAQ’s gain this year is a most impressive 24%. Clearly, there are solid buys here, for an investor with the savvy to find them. Finding the right stocks for uncertain times, however, is no mean feat.Following the market’s insiders can be the right strategy. These are the corporate …read more […]
(Bloomberg) — A deadly pig disease has materialized in Germany for the first time, threatening to hammer exports from Europe’s biggest hog-producing nation.A confirmed case of African swine fever has been identified in the eastern state of Brandenburg, Agriculture Minister Julia Kloeckner said Thursday at a briefing in Berlin. The virus, which kills most infected pigs within 10 days but is not harmful to humans, was detected in the corpse of a wild boar found near the Polish border.Tests were conducted at Germany’s animal health institute and sensitive areas will now be cordoned off to try to prevent the disease …read more […]
Yahoo Finance’s Adam Shapiro and Julie Hyman cover Thursday’s trending stories. …read more […]
Hindenburg accused Nikola’s founder Trevor Milton of nepotism and said it has gathered enough evidence to show that Milton made false statements to form partnerships with large automakers. The short-seller said Milton appointed his brother, Travis, to lead the Hydrogen Production/Infrastructure unit, despite not having any substantial experience related to the sector. “Nikola has been vetted by some of the world’s most credible companies and investors”, the company said in a statement. …read more […]
Mall owners Simon Property Group and Brookfield Property Partners are close to striking a deal to buy J.C. Penney out of bankruptcy. Meanwhile department store Century 21 filed for bankruptcy. Yahoo Finance’s On The Move panel share the details. …read more […]
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