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U.S. to charge Teva in generic drugs price-fixing probe – source

The decision follows Teva’s refusal to agree to a settlement that would have required paying a criminal penalty and admitting wrongdoing, the person https://bit.ly/32qtltO said. Bloomberg Law was first to report the expected lawsuit. Teva earlier declined to comment on the Bloomberg Law report. …read more […]

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The Disadvantages of Blue Chip Stocks for Your Portfolio

In my previous article on the benefits of blue chip stocks, I went over several reasons why these stocks can be great for building wealth.
However, it would be wrong to ignore the fact that there are also some disadvantages of blue chips stocks. In today’s article, I will go over some of these disadvantages.
As a reminder, blue chip stocks are those of large stable companies that have produced reliable returns over a long period of time. They are also usually listed in an index like the S&P 500 or the Nasdaq. Many blue chip stocks are famous brands that you …read more […]

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What “Creative Destruction” Can Teach You About Buy-and-Hold Investing

IBM Corp. (NYSE: IBM) is celebrating its 109th year.
That’s an astonishing achievement for any company, let alone one in the dynamic technology sector.
“Big Blue” is a remarkable exception in a world where yesterday’s heroes become today’s zeros.
But even IBM eventually lost its identity as a “one decision” stock.

Portfolio managers used to say that “no one ever got fired for buying IBM.”
Today, IBM has long ceded that role to today’s tech giants.
The Essence of “Creative Destruction”
Austrian economist Joseph Schumpeter popularized the phrase “creative destruction” in the 1950s.
According to Schumpeter, the “gale of creative destruction” describes the “process of industrial mutation… that …read more […]

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J.P. Morgan: 3 Cybersecurity Stocks With Double-Digit Upside

The cliché says, May you live in interesting times. These days, it seems that’s just a description of ordinary life. The coronavirus crisis whipsawed the economy from gangbusters growth to a short, but deep recession – and now we’re seeing the markets rise and rise and rise. The S&P 500 has regained its pre-crisis record levels, and the NASDAQ seems to set new highs every day. Data shows that unemployment is falling, and the jobs are coming back.More importantly, perhaps, the nature of work may have permanently changed. The virus prompted a mass move to remote work and telecommuting, and …read more […]

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Top 10 Dividend Tech Stocks in 2020

Technology is taking over every industry. And now some of the best stocks you can buy are dividend tech stocks. They’ve proven themselves as consistent cash flow machines.
With so much cash piling up, the tech companies can’t reasonably reinvest it all. As a result, they pass it along as dividends to investors. For example, Microsoft has paid an annual dividend for the last 14 years. Investors can then decide what to do with it instead.
Some of the dividend tech companies below haven’t paid out for nearly as long. Although, they’re adding to their dividend history each year. And investors can …read more […]

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Portland Power Traders Lose Big on California Blackout

(Bloomberg) — The financial losers of California’s rolling blackouts are beginning to emerge.Portland General Electric Co., the utility that powers almost half of Oregon, plunged the most in five months after the company said it’s poised to lose as much as $155 million due to trades it made this year as wholesale electricity prices surged.PGE fell as much as 14% to the lowest level in over four years before paring some losses. The drop comes the morning after the company disclosed that its traders increased the volume of bets late in the second quarter and into the third, “resulting in …read more […]