The rupee ended mildly higher yesterday amid ranged movement. The currency may sustain gains as a sharp decline in crude prices may provide some cushion to increased risks of spiralling deficit The USD was sharply higher as US a
Shares of Agenus Inc (NASDAQ:AGEN), a biopharmaceutical company developing cancer therapies, had fallen about 14.5% as of 3:20 p.m. EST on Wednesday. Investors weren’t too thrilled about its cancer vaccine’s recent clinical trial failure.
The Prophage G-200 vaccine involved using a patient’s own cancer cells to direct a prolonged....More>>>
Disney (DIS) is a strong company, but it has been negatively affected by changing consumer tastes as far as multichannel video programming distributors are concerned. The decline-at-ESPN story is well-known. Disney therefore needs to replace that revenue/growth with something else; a service to compete with Netflix (NFLX), powered on the company’s recently acquired BAMTech platform, was a....More>>>
Some seven in 10 of the 53.5million Medicare Part B beneficiariescan breathe a collective sigh of relief. Their monthly Part B premium will rise a relatively modest 3.9% to about $109 per month in 2017, from $104.90 for the past four years.
Most of the rest will see their Part B premiums jump 10%to $134, up from $121.80 in 2016. And the fewer than 3million people who signed up for Part B....More>>>
Mauser Group (Pending:MSR) was taken out on Tuesday, the day before its scheduled pricing and just two weeks after tech unicorn AppDyanmics (Pending:APPD) sold itself on the eve of its IPO date. Acquisitions rarely occur after companies decide to begin IPO marketing, but these recent cases highlight a lingering hesitancy to go public, and a strong M&A market continues to offer an alternative.....More>>>
Elizabeth received a strange letter from her congressman. "We have to be on guard against our enemies… and not be afraid to name them." A brave, forthright stand? But wait, he didn't name the enemies. That left us wondering: Who are our enemies? Muslims, Jews, Arabs… Russians, Iranians, North Koreans… capitalists, the "Deep....More>>>
Shares of construction materials leader Eagle Materials (NYSE:EXP) set new all-time highs earlier this year, although the stock’s recent surge was catalyzed by the announcement of fiscal second-quarter 2017 results in late October. At the time, the company set record revenues and more than doubled earnings per share from the prior-year period. That was followed by a new high watermark for....More>>>
SimpliVity — the Westborough, Mass.-based maker of so-called hyper-converged infrastructure (HCI) — has come to a bittersweet end.
After all, the last time it raised money — in March 2015 it raised $175 million at a valuation of $1 billion. Now those Series D investors are taking a $350 million haircut since HPE announced it would pay $650 million in cash.
The next-generation of cholesterol drugs -– compounds that inhibit PCSK-9 -– were approved in 2016; these targeted drugs rapidly reduce LDL cholesterol in a wide variety of patients with cardiovascular disease, notes Jay Silverman, editor of The Medical Technology Stock Letter.
Despite their unheralded efficacy, the PSCK-9s have rolled out slowly as they were approved to....More>>>
I measure once a month the decay of major leveraged ETFs. It may be useful for anyone using leveraged ETFs for investing, trading or hedging. Click “Follow” at the top of this page if you want to be notified of monthly updates.
What is the decay?
Most of the time, a leveraged ETF does worse than the underlying asset leveraged by the same factor. This relative decay has....More>>>
Dow futures traded four points off Tuesday's closing as the first week of earnings season drew to a close. One of today's biggest market movers is likely to be General Electric Co. (NYSE: GE) – the U.S. conglomerate appears to have turned a corner after a year plagued by legal
Tesla, Inc. (NASDAQ:TSLA) has achieved extraordinary results in its short existence, it has drastically disrupted the automobile industry, and has introduced some of the most revolutionary products ever, yet its viability and place in history as a sustainable company are constantly bein
Coherent (COHR), a maker of laser and laser-based systems, has a very diversified series of end markets, only one of which is OLED screens. It is therefore somewhat surprising that the shares have been taken to the cleaners, down 20% in short order, on the basis of disappointing sales of the new