‘The mother of all bubbles’ in the U.S. is sucking money away from the rest of the world, market expert says
“Awe of ‘American exceptionalism’ in markets has now gone too far,” said Ruchir Sharma, chair of Rockefeller International.
Energy Transfer unveils $2.7bn pipeline linking Permian Basin to key markets
The first phase will connect the Energy Transfer pipeline and storage network, linking to the Dallas/Ft. Worth Metroplex.
Beam Therapeutics Unveils New Safety, Efficacy Data From Sickle Cell Disease Candidate, Stock Gains
On Saturday, Beam Therapeutics Inc. (NASDAQ:BEAM) revealed new safety and efficacy data from its BEACON Phase 1/2 trial of BEAM-101 in patients with sickle cell disease (SCD) with severe vaso-occlusive crises (VOCs). The data were featured at the American Society of Hematology (ASH) Annual Meeting and Exposition. Consistent with Beam’s previously announced data, updated data from seven patients treated with investigational base-editing therapy BEAM-101 demonstrated robust and durable increases i
NYC ad agency titans Omnicom and Interpublic to form $30 billion marketing powerhouse
Omnicom is buying Interpublic Group in a stock-for-stock deal that will create the largest ad agency in the world with combined annual revenue of almost $26 billion. The names may be unfamiliar to many Americans, but some of their marketing campaigns are iconic. The combined company will be worth more than $30 billion.
Tesla stock keeps soaring as Bank of America raises price target
Analysts have an unusual challenge in assessing how CEO Elon Musk’s relationship with President-elect Donald Trump will impact Tesla.
Dow Partners With Macquarie In Gulf Coast Infrastructure Play, Retains Strategic Control
Dow Inc. (NYSE:DOW) shares are trading higher on Monday. The company entered into a definitive agreement to sell a 40% equity stake in select U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management. Dow anticipates initial cash proceeds of approximately $2.4 billion from the sale of its 40% equity stake, with potential proceeds reaching up to $3.0 billion if Macquarie Asset Management exercises its option to increase its stake to 49% within six months of closing. Th
The switch from speculative stocks to highly speculative stocks may see these investors get burned
There are pockets of the market very vulnerable to a dip in risk appetite, says Vanda Research
Watch These Super Micro Price Levels as Stock Jumps After Nasdaq Filing Extension
Supermicro shares traded higher on Monday after the embattled server maker said it had received an extension until February from the Nasdaq to file its delayed annual report. Monitor these key chart levels.
China ETFs, Stocks Jump on 'More Proactive' Stimulus Pledge by Beijing
China-focused exchange-traded funds (ETFs) and stocks of Chinese companies listed on U.S. exchanges jumped Monday, after the country’s top leaders announced plans to loosen monetary policy and expand fiscal spending next year.
Activist investors urge Macy's to create a real estate unit among other changes to boost stock
Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale's and Bluemercury chains among other changes to boost its slumping stock, according to its proposal made public Monday. The presentation to Macy's shareholders comes after Barington Capital, which has stakes in such brands as Victoria's Secret, Hanes and Dillard's, has built an undisclosed stake in Macy's. Barington said it has partnered with property owner Thor Equities.