The pharmaceutical industry is made of companies that research, develop, make, and sell drugs and treatments used to treat or eradicate diseases, and vaccinate people. This includes some of the largest and best-known companies in the world, such as Pfizer Inc. (PFE), Merck & Co. Inc. (MRK), and AbbVie Inc. (ABBV). A number of pharmaceutical
Month: September 2021
Marc Lasry, co-founder and chief executive officer of Avenue Capital Group. Adam Jeffery | CNBC Marc Lasry, who makes his living by investing in distressed companies, thinks the U.S. is potentially heading for that status itself. Though he’s not sure of the timing and doesn’t expect major problems to happen anytime soon, the billionaire head
Cryptocurrency hedge funds gained nearly 24 per cent in August as large price swings in digital asset prices helped them outperform investors in sleepy equities and currencies markets. The strong pace of gains means funds focused on bitcoin and other digital assets have returned 145 per cent this year, according to data from Eurekahedge. Crypto
When the softer-than-expected US CPI data dropped a few hours ago, FT Alphaville though about writing a “take”. So we opened the FT’s backend, and started typing. But after 20 or so minutes of aimless pondering about whether the latest round of consumer prices pointed to whether US inflation would be transient or not, we
The New York Stock Exchange is helping develop a new class of publicly traded assets tied to services that are beneficial to the environment, amid a boom in demand for sustainable investments. NYSE has partnered with Intrinsic Exchange Group to create Natural Asset Companies, which hold the rights to “ecosystem services” provided by corporations such
Investing is all about profits, and part of generating profits is knowing when to start the game. The old adage says to buy low and sell high, and while it’s tempting just to discount cliches like that, they’ve passed into common currency because they embody a fundamental truth. Buying low is always a good start
An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019. Tom Brenner | Reuters Check out the companies making headlines in midday trading. Oracle – The tech company’s shares slid more than 3% after Oracle’s first-quarter revenue missed expectations. The company reported sales of $9.73 billion, which was
Sharing is Caring! by Martin Armstrong The Democrats are simply insane. Every study on taxation has shown that the lower the tax rates, the greater the economic growth. The Reagan tax cuts resulted in people paying more in taxes because they earned more. The new tax hiked will push NYC to 61.5%. Anyone who lives
Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River Capital. The
The real estate market was thrown into a tumultuous state when the Covid-19 pandemic struck. Between people losing work and being afraid or unable to move, the year in lockdown made a significant impact on the market. Even as life regains a sense of normalcy, there are several factors that will continue to impact housing
A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images Embattled developer China Evergrande on Tuesday said its property sales will likely continue to drop significantly in September, resulting in a
As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” Payment System Stability In addition, the CBN’s digital currency — also known as the e-naira —
Inflation tends to top the list of economic risks that investors obsess most about. After all, runaway inflation has devastated some economies over the centuries. Corralling inflation and keeping expectations well-anchored have been key mandates for most central banks for decades. However, inflation expectations are not uniform across age groups. Surveys from the New York
On the heels of Minnesota’s recent $876 million deal, the state’s public university system heads into the market this week with a deal that offers investors a range of paper to pick from, including a sustainability-certified bond. The Regents of the University of Minnesota will bring a $127 million refunding on Tuesday and follow with
(Bloomberg) — Gold steadied as investors waited for U.S. inflation data that may influence when the Federal Reserve will start reducing stimulus. Consumer price index data due later Tuesday are expected to show an annual pace of inflation of 5% or more for a fourth month. This follows a report last week which showed the
Another big pop in Indian gold demand… by Jason Burack of Wall St For Main St Another big pop in Indian gold demand… FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about
Hotels vs. Airbnb in NYC: An Overview When you visit NYC, you can choose between staying in a hotel or an Airbnb, and there are pros and cons for each. In New York City, there are hundreds of hotels to choose from, and as of September 2021, over 36,000 Airbnb rentals—both rooms to rent in
Norway’s centre-left opposition regained power after an unprecedented eight years of rightwing rule in an election dominated by the future of the country’s oil industry and inequality. Centre-left parties won 100 seats against 68 for the centre-right, according to projections with almost all votes counted. Conservative prime minister Erna Solberg conceded late on Monday night.
JD Sports Fashion posted a more than sevenfold surge in interim profit and raised its full-year target by about a third as its expansion into the US paid off. The retailer said pre-tax profit for the six months to July rose to a record £364.5m, from £41.5m a year ago, as revenue increased 56 per
Interactive Brokers is introducing cryptocurrency trading, adding to competition for self-guided virtual currency traders among brokerages. The Greenwich, Connecticut-based company will allow users to buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash through a partnership with crypto brokerage Paxos Trust, according to a statement Monday. Customers will pay a commission of 0.12% to 0.18%
Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Diamondback (FANG – Research Report) and SM Energy (SM – Research Report). Diamondback (FANG) In a report issued on August 23, Nitin Kumar CFA from Wells Fargo maintained a Buy rating on Diamondback, with a price target of
A liquefied natural gas (LNG) tanker arrives at a gas storage station. STR | AFP | Getty Images Natural gas prices have surged more than 35% in the past month, as worries grow there is not enough gas stored up for the winter should temperatures be especially cold in the northern hemisphere. The usually quiet
The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers. On Sept. 13 NYAG Letitia James ordered Coinseed Inc. to permanently halt operations and pay $3 million in fines after it had been accused of freezing withdrawals and converting client funds
Our city has many lives. September 11, 2001, started like any other Tuesday. We had office meetings planned; they were to begin at 9:30 AM. But by 9:15, the day had switched from normal to surreal. As we watched, the endless loop of the planes crashing into the towers, and then the towers falling, began
DBS Group Holdings, the largest bank in Singapore and Southeast Asia, says its crypto business is “growing very rapidly.” The bank’s digital asset trading platform expects to double the number of members by year-end. Singapore’s DBS Expects Substantial Growth in Crypto Business DBS’s senior executives said in an interview, published by Reuters Monday, that the
If you lost track of a retirement savings account held in the early years of your career, your ease in finding it will depend a lot on the type of savings plan. If you’re looking for an old IRA, searching for it through the National Association of Unclaimed Property Administrators (NAUPA) is likely to help
Municipals were little changed ahead of a $10 billion-plus new-issue week as California offered $2 billion of general obligation bonds to retail investors and the market considered the municipal bond provisions offered from Washington. Triple-A benchmarks reported steady levels while U.S. Treasuries improved and equities also improved. “The municipal market is relatively unchanged and not
[embedded content] (Kitco News) - Several structural problems in the U.S. could cause a slowdown in economic growth soon, with stagflation hitting and lasting for the next six months, said Tavi Costa, portfolio manager of Crescat Capital. “I am in the of sort of a more of a stagflationary environment in the next six months or
The government may call it “borrowing”, but it has neither the means nor intent to repay. It will inevitably lead to a crisis… by Keith Weiner of Monetary-Metals Picture, if you will, a government that deliberately inflicts bad policy on the people. I know this sounds crazy, and could never happen, but please bear with
The emergence of COVID-19 turned 2020 into an unprecedented year, leading to significant changes in the way we live and work. During 2021, some of those trends are likely to continue, reshaping everything from the way we do business to the financial landscape. To put some of these trends in perspective, we asked several of
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