B. Riley analyst Mayank Mamtani has long banged the drum for Novavax (NVAX). The latest developments surrounding the company have only reaffirmed his bullish outlook for the vaccine specialist. In fact, “continued strength in execution on NVX-CoV2373 activities pertaining to clinical development, global regulatory filings, manufacturing scale-up, and commercial readiness,” are the reasons why the
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The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Check out the companies making headlines in midday trading. Applied Materials — Shares of the chipmaker jumped more than 7% after Applied Materials beat estimates during the fourth quarter and issued upbeat comments for the
How exactly is a Roth 401(k) taxed? The essence is that you don’t get a tax deduction when you contribute part of your pay to it, like you get with a traditional 401(k). Instead, a Roth 401(k) allows employees to contribute after-tax dollars. The payoff is that this money and its earnings over the years
Elon Musk’s SpaceX is now worth $74 billion after it raised more capital last week – and the strong demand for shares means many investors believe the company’s two ambitious projects will drive that valuation even higher. The company’s valuation jumped 60% from its previous capital raise, which was just six months ago. And SpaceX’s
Brazilian oil producer Petrobras was plunged into turmoil after the country’s president Jair Bolsonaro abruptly announced a plan to replace its chief executive with an army general following recent protests by truckers over fuel prices. The rightwing populist leader took to social media on Friday night to announce that his government intended to remove Roberto
Google fired a top AI researcher on Friday, the second high-level departure to shine an unwelcome spotlight on both its management of sensitive artificial intelligence issues and wider internal discontent over race and diversity. The internet group said Margaret Mitchell, who had been co-head of its AI ethics group, had been dismissed over “multiple violations
It’s winter during a pandemic: the perfect season to snag a bit of alone time by reading a book. We asked financial advisors across the country to tell us the best work-related books they’re reading now or have recently finished. From business to finance to economic history, these books will help you level up in
Ren (REN) price underwent a strong 65% breakout on Feb.19 as the interoperability-focused protocol saw continuing accumulation from whale wallets holding more than 1 million REN. Data from Cointelegraph Markets and TradingView shows that REN rose from $0.99 on Feb. 18 to establish a new all-time high of $1.84 on Feb. 19. The move to
Vice President Kamala Harris is giving up her San Francisco home. Getty Images Vice President Kamala Harris has signed a deal to sell her loft-style San Francisco condo for $799,000, about 63% more than what she paid for it, according to the Wall Street Journal. Harris bought the two-level condo for $489,000 in 2004, when she
After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply. Closed sales of existing homes in January increased 0.6% compared with December, according to the National Association of Realtors. Sales ended the month at a seasonally adjusted, annualized rate of 6.69 million units, which
A recent study unveiled that top-tier cryptocurrency exchanges increased their market share since October 2020, in the context of lower-risk exchanges. The bitcoin bull market fueled that both retail and professional traders utilized such risk, data shows. Stricter Regulations Boosted Transparency Levels in Crypto Exchanges Per information from crypto market data provider cryptocompare.com, top-tier crypto
A teacher awaiting retirement getty A round-up of reports across the country. Florida: ending pensions for new employees? From Tampa Bay Times, “After years of discussions about the tricky issue of overhauling Florida’s retirement system for government employees, a Senate committee this week approved a proposal that would shut future workers out of a traditional
Rising Treasury yields are a sign of optimism in the economic recovery, said a senior Federal Reserve official Friday, signaling no inclination from the central bank to take steps to halt the shift. “We’re seeing signs of rising inflation expectations, back to levels that I think are closer to consistent with our 2% long-run goal,
(Kitco News) Gold was hit by a slate of negative news this week, and the disappointing price action reflected that, with the precious metal down $45 from last week’s close. But the question on everyone’s mind is just how much further can gold fall before entering a new bullish phase? The mid-$1,700s level is a
Big money management firms are worried that the market is out of control. Meanwhile, big money keeps piling into… Greg Hunter gives The Weekly News Wrap-Up for Friday, February 19, 2021 Bitcoin (BTC) broke $50,000 per unit this week, but the overall markets are not doing that much celebrating. Big money management firms are worried
DraftKings (DKNG) stock has been an impressive performer since the company went public last April, riding the wave of a rising secular trend – online sports betting (OSB). The momentum has continued in 2021, with share gains of 30% year-to-date. Heading into next week’s (Feb 26) Q4 earnings, Oppenheimer’s Jed Kelly thinks the OSB player
The bull of Wall Street is seen during the pass of the snowstorm on January 31, 2021 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images A decline in new Covid infections, along with improving economic data and stimulus hopes, could boost stocks that flourish in a resurging economy
by Martin Armstrong It is snowing a lot in Saudi Arabia. This has nothing to do with CO2. The sooner we start to listen to great research instead of propaganda that has been manufactured to covertly allow the United Nations to dominate the world, which by the way, they have been lobbying for a Carbon
The tax law for Canada’s homeowners is very different from the system in the U.S. Notably, the interest on a mortgage for a principal private residence is not tax deductible. However, all capital gains upon selling the home are tax exempt. But there is a way Canadians can effectively deduct that mortgage interest. The Financial
Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe Plotkin is one of the finest investors of his generation,” Griffin told CNBC’s Andrew Ross Sorkin on “Squawk Box.” The comment
As the lights come back on for millions of Texans after widespread outages caused by brutal winter weather, roughly half the state’s population is now contending with unsafe drinking water and many face a costly clean-up from burst water pipes. “There is enough generation on the electric system to allow us to begin to return
Prime minister Boris Johnson on Friday put the finishing touches to his road map to lift England’s lockdown from next month, as new data suggested that Covid-19 infections were falling by 3-6 per cent per day. Johnson will on Monday confirm plans for a mass return to school on March 8, but then proceed with
On Jan. 28, the day after GameStop mania hit its crescendo on the back of a short squeeze for the record books, about $359 million worth of shares were caught in limbo. More than 1 million shares were deemed failed-to-deliver that day due either to buyers lacking cash to complete purchases or sellers not having
While the original Bitcoin rallies past a $1 trillion dollar marketcap, two forks of the world’s most popular cryptocurrency have instead lost a source of liquidity as crypto exchange OKCoin delists BSV and BCH. In a blog post today, OKCoin CEO Hong Fang explained the decision to delist as one focused on protecting investors from
Nantucket, Massachusetts, a historic summer vacation destination, became a year-round refuge last year, thanks to the coronavirus pandemic. The run on real estate on the tiny, tony island is now causing a shortage of both homes for sale and rentals, and prices for both are going through the roof. The dollar volume of sales on
Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. getty Commercial multifamily properties are places where many people live, work and visit. In addition, they are also places that contain hazards like stairways and elevators as well as homes that contain valuable electronics and jewelry. For all of these reasons,
The world’s largest asset manager with almost $9 trillion in assets under management, Blackrock, has started investing in bitcoin. Sharing his view on what’s driving up the price of the cryptocurrency, the firm’s chief investment officer says the technology and the regulation have evolved to where people find bitcoin should be part of their portfolios.
getty Here’s the problem. According to a 2019 paper by the Employee Benefit Research Institute (EBRI), the median tenure of all wage and salary workers ages 25 or older is only about five years. Don’t blame the gig economy. EBRI says this tenure has remained relatively constant over the past 35 years. That’s well before
Federal Reserve actions will continue to bolster the U.S. economy as it battles the COVID-19 pandemic, the central bank said Friday in its twice-yearly update to Congress. “Monetary policy will continue to deliver powerful support to the economy until the recovery is complete,” the Fed said. The report was published on its website ahead of
This week, traders shifted their attention from Gold to Silver, Platinum and Copper. The industrial metals complex is expected to benefit from tight supplies, strong investment demand and the global recovery – positioning this specific group of metals as one of the hottest asset classes to watch in 2021. While big moves in Gold prices