Stock Market

A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Carnival — Airlines and cruise stocks surged on Tuesday as stocks tied to an economic recovery continued to rise after a series of positive vaccine announcements. Shares of

by visualcapitalist Just about every financial asset saw a huge drop in March, but few have had the spectacular recovery that bitcoin has had since then. Up more than 300% from the March lows, bitcoin is within $1,000 of its all-time high ($19,891) established three years ago. While 2017’s run-up saw a huge surge in Google searches, interest

The world’s largest asset manager is impressed with the market’s recent gains, and it has made that sentiment clear by upgrading US stocks. In its recent reassessment of conditions in the American financial markets, investment giant BlackRock issued a general upgrade for Wall Street. This wasn’t an upgrade on particular stocks, but on the US

A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Check out the companies making headlines after hours on Tuesday: HP Inc. —

by Michael Snyder Did you hear the good news?  The Dow Jones Industrial Average hit 30,000 for the first time ever this week.  In the midst of the worst economic downturn since the Great Depression of the 1930s, the stock market has been soaring to heights that we have never seen before.  What we have

In a report on current market conditions – and the strategic view going forward – JPMorgan’s Marko Kolanovic sees plenty of reasons for optimism. Kolanovic sees that risk has eased in the last few weeks, and taking the usual daily fluctuations into account, markets are likely to see a sustained rally. The biggest news, in

Traders work on the floor of the New York Stock Exchange. NYSE The Dow Jones Industrial average’s rally through 30,000 could draw in sidelined cash and broaden market leadership, as investors bet on financials and other underperformers in addition to technology shares. The Dow rode to 30,000 from 20,000 with a big lift from technology.

by jessefelder It was almost a year ago that I highlighted the fact that Rydex traders were getting very bullish again. To be clear, I’m referring to the Rydex Ratio, “or the measure of Rydex traders’ assets in bear funds and money market funds relative to their assets in bull funds and sector funds.” As of last

Novartis announced on Tuesday that it will initiate a share buyback plan of up to $2.5 billion, which will start immediately and is expected to last into the first half of 2021. Novartis (NVS) made the announcement ahead of today’s annual “Meet Novartis Management” virtual meeting with investors and industry analysts. The Swiss pharmaceutical company

Take a look at some of the biggest movers in the premarket: Merck (MRK) – Merck is buying privately-held drug maker OncoImmune for $425 million cash. OncoImmune is a developer of drugs designed to treat Covid-19, cancer and other diseases, and its vaccine candidate has shown promising results in a late-stage study. Merck shares added

by Michael Snyder If we keep treating the U.S. dollar like it is toilet paper, it is just a matter of time before our entire financial system goes down the tubes.  At this moment, the dollar is still the primary reserve currency of the world, and the fact that we control it is an absolutely

In a year with little to cheer about, it appears Boeing (BA) will see out 2020 on a positive note. After a lengthy process, last week the FAA (Federal Aviation Administration) announced that the 737 Max is once again recertified for flight. The jetliner has been grounded since March 2019 following two fatal crashes which

Former Federal Reserve Board Chairwoman Janet Yellen Joshua Roberts | Reuters President-elect Joe Biden’s choice of Janet Yellen as Treasury Secretary was seen as a win for markets, since the former Federal Reserve chair should focus on fixing the economy rather than the progressive Democratic agenda feared by some investors. The first woman Fed chief

From Birch Gold Group In the past few weeks, we’ve looked into Joe Biden’s proposals for Social Security and 401(k) plans. We’ve also examined the potential impact of these proposals on retirement savers. Today, let’s take a look at the broader economic picture and, if Trump’s legal challenges aren’t successful, how Biden and his economic team might stand up to

Merck & Co has entered into a definitive agreement to snap up all of the outstanding shares of drugmaker OncoImmune for an upfront payment of $425 million in cash. Shares advanced 2.2% in Monday’s pre-market trading session. As part of the deal, Merck (MRK) will make sales-based payments and payments contingent to OncoImmune shareholders following

Check out the companies making headlines midday Monday: AstraZeneca — Shares of British pharmaceutical giant AstraZeneca fell more than 3% after the company said clinical trials showed its coronavirus vaccine has an average efficacy of 70% in preventing the virus. Its competitors Pfizer and Moderna previously said their Covid-19 vaccine candidates were more than 90%

Three Weeks Ago: Related: Democrats overwhelmingly say fake news spread by Russia was at least somewhat likely to have affected the results of the presidential election – just under half (46%) say that it was very likely. Republicans disagree – except for those Republicans who think that Russian-sponsored spreading of fake news actually took place.

Merrill Lynch upgraded Carlyle’s rating to Buy from Hold and raised the stock’s price target to $35 (25.3% upside potential) from $30. Merrill Lynch analyst Michael Carrier said that “We believe the outlook for CG is attractive given the potential for FRE [fee-related earnings]/margin growth in 2H21-’23 as flagship funds re-enter the market, an improving

by Michael Snyder This is a really odd time to be having a “housing boom”.  We are in the middle of the worst public health crisis in 100 years, endless civil unrest has been ravaging many of our largest cities, and we are experiencing the worst economic downturn since the Great Depression of the 1930s. 

Shares of Eiger Biopharmaceuticals popped more than 12% in Friday’s extended market session after the US Food and Drug Administration (FDA) approved its Zokinvy (lonafarnib) capsules to reduce the risk of death in young patients suffering from Hutchinson-Gilford progeria syndrome (HGPS). Eiger (EIGR) said that the FDA approval of Zokinvy is also for the treatment of

by Martin Armstrong I find it really interesting how Klaus Schwab champions the 4th Industrial Revolution and how Artificial Intelligence (AI) will change the world so we have to help shape it by destroying what we have to design the Great Reset. Only an academic would be that arrogant. The AI system I designed was from being

Verizon is selling HuffPost online news service to BuzzFeed Inc. as part of a larger media content and advertising partnership.   As per the deal, Verizon (VZ) Media will also invest in BuzzFeed and become a minority shareholder. Financial terms of the deal weren’t disclosed. As part of the partnership, Verizon Media and BuzzFeed agreed

by Dr. Eowyn UPDATE: Sidney Powell told TheBlaze TV host Glenn Beck: “We will start putting documents online and sending them to people like you, as soon as we possibly can. I would hope that we could start that by this weekend.” ————————————————————————————– The Trump campaign has charged voting irregularities in dozens of lawsuits since Election Day in a

The US Food and Drug Administration (FDA) will review Pfizer Inc. and BioNTech’s request for emergency use authoriziation (EUA) of their COVID-19 vaccine candidate on Dec. 10. The meeting of the US regulator’s Vaccines and Related Biological Products Advisory Committee (VRBPAC) on Dec. 10, comes after Pfizer (PFE) on Nov. 22, confirmed that it submitted an

Shares of FireEye jumped 16.7% in Thursday’s extended trading session after the cybersecurity solution provider revealed it received a capital investment from the Blackstone Group and announced the acquisition of Respond Software. Blackstone Tactical Opportunities and ClearSky have bought $400 million worth of FireEye’s (FEYE) 4.5% Series A Convertible preferred stock at a price of

by Martin Armstrong A massive protest has taken place today in Paris on Saturday, November 21, 2020. This is in Human Rights Square at Trocadero in Paris. Demonstrators were gathering to protest against the so-called ‘global security‘ bill in France. The ‘global security‘ bill, was approved on Friday evening by the French National Assembly. It

Eli Lilly and Incyte announced on Thursday that the FDA had granted Emergency Use Authorization (EUA) for the distribution and emergency use of baricitinib, its rheumatoid arthritis drug, in combination with Gilead’s remdesivir in hospitalized adult and pediatric patients aged two years or older with suspected or confirmed COVID-19 who require supplemental oxygen, invasive mechanical ventilation or extracorporeal membrane oxygenation (ECMO).  This development

by Amy S.   Why is China Rising while America Declining ? The U.S. is in relative decline as the Chinese power is rapidly rising. There is a huge trade deficit with China and billions of dollars every year are flowing out of our country to them. $419.2 billion was the trade deficit in 2018, with

Shares of Mesoblast gained 17% after it announced an exclusive worldwide license and collaboration agreement with Novartis for the development, manufacture and commercialization of Mesoblast’s remestemcel-L. The initial focus is to develop a treatment for acute respiratory distress syndrome (ARDS), which is associated with COVID-19.  As per the terms of the agreement, Mesoblast (MESO) will

Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – The drugmaker and German partner BioNTech (BNTX) plan to apply today for emergency use authorization for their Covid-19 vaccine. Earlier this week, study data analysis showed the vaccine to be 95% effective. Pfizer shares added 1% in premarket trading as