Several small-cap biotech firms have used the coronavirus as a springboard, and since the pandemic’s onset many have become almost household names. Despite making meaningful market strides over the past year, VBI Vaccines (VBIV) is not one that immediately springs to mind. However, Raymond James analyst Steven Seedhouse claims the company could yet make an
Month: March 2021
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines after the bell on Tuesday: Lyft – The company’s stock gained 4.9% after the company said it had its best week in
by Michael Snyder After everything that has taken place over the past year, there shouldn’t be a need to sound the alarm any longer, because everyone should be awake by now. But of course that is not the case. At this moment, the vast majority of the population is still dead asleep. This greatly frustrates
If you’re looking into tax-advantaged ways to save money, you may have been hearing about HSAs. A Health Savings Account, or HSA, is a savings account with a unique triple tax benefit. Contributions reduce taxable income, their growth within the account is tax-free, and qualified withdrawals (that is, ones used for medical expenses) are also tax-free. But one-size
Japanese billionaire entrepreneur Yusaku Maezawa speaks at SpaceX’s headquarters in Hawthorne, California. Michael Sheetz | CNBC Japanese billionaire Yusaku Maezawa announced on Tuesday that he will choose eight members of the public to join him on his trip around the moon, scheduled to fly on SpaceX’s Starship rocket in 2023. “I’m inviting you to join
Northern Ireland has laid out a cautious plan for easing its nine-week-old lockdown that is likely to keep the region’s non-essential retail outlets, drink-focused pubs and leisure industries shuttered for longer than those in England. In a 16-page summary document published Tuesday evening, the Stormont government stressed that the earliest easing would focus on families
Huawei Technologies has notified its suppliers that its smartphone component orders will fall by more than 60 per cent this year, Nikkei has learnt, as US sanctions continue to bite. Huawei has notified suppliers that it plans to order enough components for 70m to 80m smartphones this year, according to people at multiple suppliers. The
The pandemic stimulus package that’s muscling towards the finish line contains a powerful financial boost that can jumpstart wealth-building for young adults. Under the $1.9 trillion COVID relief bill passed by the House on Feb. 27, checks of up to $1,400 would flow to middle- and modest-income taxpayers. And unlike previous rounds of stimulus checks,
Non-fungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin creator Charlie Lee comparing the current spike in NFT interest to the ICO mania of 2017. The recent pullback in the cryptocurrency market hit decentralized finance tokens (DeFi) pretty hard but as Bitcoin price recovered the $50,000,
This kitchen reflects three of the top seven tile trends — oversized, stone look and blue hues! Techlam, Levantina – Tile of Spain If you’re planning a kitchen or bath remodel, you probably have a budget for tile. If you’re planning an outdoor living space, you may have one too, as pavers are growing in
Rows of houses in Las Vegas. Jacob Kepler | Bloomberg | Getty Images Doma, a firm that looks to disrupt the real estate title insurance market, has agreed to combine with Capitol Investment Corp. V, a publicly traded special purpose acquisition company. Doma, formerly known as States Title, has a less than 1% share of
Wolfram Blockchain Labs (WBL) and Tezos are forging a full integration of Tezos into Wolfram Language and Wolframalpha. The integration gives easy access to developers that want to interact with the Tezos blockchain and their smart contracts. WBL-Designed Oracle Expands Tezos Developers’ Computational and Analytical Capabilities Amid the accelerating race to simplify smart contract deployment,
Crypto has a low correlation with stocks. What does that mean? Mining rig in Norilsk (photo by Andrey Rudakov) © 2021 Bloomberg Finance LP Stocks, bonds, real estate, commodities. Bitcoin. Bitcoin? Is cryptocurrency an asset class deserving of a place in every endowment and retirement portfolio? There is now being built on Wall Street a
John Knox, 64, a public finance lawyer and former partner at Orrick who aided the cities of Vallejo and Stockton through bankruptcy almost a decade ago, died at home on Feb. 27. John Knox, a public finance lawyer and former partner at OrrickGittings Photography Knox was a summer associate in 1986 at the global law
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver futures prices are firmer in midday U.S. trading Tuesday, on correctives bounces after gold hit a nine-month low
If yields continue to rally from this level, the markets will quickly shift into a… by Chris Vermeulen of The Technical Traders Since shortly after the US November elections, my research team and I have been clear about our research and our belief that the bullish rally in the markets would continue to drive the
The markets are trying to sort out a series of conflicting forces. There’s the bull trend, that’s been pushing stock higher since last summer, which in recent weeks has been partially derailed by fears of inflation. There’s the massive fiscal stimulus of the legislative COVID relief packages, that are helping to fuel that inflationary pressure,
A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Rocket Companies — The online mortgage provider’s stock price skyrocketed more than
by confoundedinterest17 The Urban Institute has an interesting paper entitled “The Preferred Stock Purchase Agreements Will Hamper Access to Credit.” “The changes that Trump administration officials made to the preferred Stock Purchase Agreements (PSPAs) – the contracts that govern Fannie Mae and Freddie Mac’s relationship with the US Treasury – would restrict the volume of “high risk” loans they can
Neighborly, the world’s first Community Investment Marketplace enables you to “invest in the change you want to see in the world.” The issuance of bonds to fund community projects is not a new phenomenon in the United States. For over 200 years, trillions of dollars have been funneled into neighborhood projects to build anything from
A Spire satellite pictured in orbit. Spire Global Small satellite builder and data specialist Spire Global is planning to go public, announcing on Monday that it is the latest among multiple space companies to merge with a SPAC. Spire Global is merging with special purpose acquisition company NavSight. When the deal closes, which is expected
BGC Partners, the interdealer broker, has started legal proceedings against two former associates after discovering what it called a theft of $35.2m from funds the company set aside for UK tax payments. The Wall Street firm, which is run by the hard-charging Howard Lutnick, first warned that the funds were missing when it released fourth-quarter
Hertz has received a $4.2bn rescue offer from a group of travel industry investors that aims bring the car rental company — which has been battered by the pandemic — out of bankruptcy. The proposal from investment firms Knighthead Capital Management and Certares Management, which set up a fund last year with affiliates to buy
In my daily conversations with financial advisors over my 20 years in the industry, I’ve observed their reactions to market pullbacks, major national and world events and multiple election cycles. In many ways, no matter what the differing circumstances, the conversations have had a similar tune. But as we enter year two of the coronavirus
Decentralized finance is quickly maturing. While the total value locked in DeFi is over $45 billion, financial institutions and large corporations are starting to implement DeFi concepts to automate business processes. This is known as “enterprise DeFi.” For instance, invoices and other financial products can be tokenized to ensure that transactions are valid and should
The blufftop compound on the Big Island of Hawai’i is called Water Falling Estate for the two … [+] cascading waterfalls that reside on the property. Hawai’i Life Prized properties generally command a premium, but not all luxury real estate is the same. In this week’s look at the global housing market, I took a
Existing home sales last year reached their highest levels since 2006. However, increasing numbers of climate disasters across the country have sparked concern about how safe homes are. Potential buyers rarely wonder “what the flood plain is here, or do they look around and see this beautiful forest and say, ‘Oh, my God, it’s going
The Chicago Board Options Exchange (Cboe) has applied to list the Vaneck Bitcoin Trust, as an exchange-traded fund (ETF) if the fund is approved by the U.S. Securities and Exchange Commission (SEC). The filing Form 19b-4, if approved by financial regulators, would allow Cboe to “list and trade shares of the Vaneck Bitcoin Trust.” Cboe
The University of Chicago will tap the corporate market this week for a refunding that signals the steep rise of corporate CUSIP deals in not-for-profit sectors last year shows no signs of slowing down. The double-A rated university will take indications of interest Tuesday on $610 million of refunding taxable bonds with a corporate CUSIP
Silver drops to the lowest since January 28. Downward sloping RSI, support break favor silver sellers. Medium-term support line, 100-day SMA challenge further downside. Silver prices stand on a slippery ground after breaking a short-term support line, currently down 1.92% to $26.00, ahead of Tuesday’s European session. In doing so, the white metal declines to