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
The utilities sector encompasses all companies whose core business involves producing, generating, or distributing basic utilities: gas, electricity, and water. The average debt-to-equity ratio, or D/E ratio, for the utilities sector in the first quarter of 2020 was 0.08. In the fourth quarter of 2018, it reached .15, which was enough for Moody’s Investors Service
Stanhope Capital and FWM Holdings, the investment company that oversees the Forbes’ family fortune, have agreed to merge in a deal that creates one of the world’s largest independent wealth management groups with $24.2bn in assets under management. The tie-up comes amid increased competition to provide financial advice and services to the world’s growing ranks
Peter Wells in New York California and Texas reported increases in cases on Monday that pulled back from record jumps in infections over the weekend, while Florida reported its biggest one-day jump in deaths in more than a month. The US states, which rank first, second and third by population — and coronavirus cases since
As the automated advice market matures, it’s increasingly clear that not all robo advisors are created equal. Despite criticisms of using commoditized and one-size-fits-all approaches to investing, these firms are making unique portfolio choices that can have serious implications over the long term, according to research firm Backend Benchmarking. With nearly five years worth of
XRP price spiked to over $0.90 on U.S. cryptocurrency exchange Coinbase on Nov. 24 only to crash back down by roughly 30% in seconds. This was the highest price level since May 2018. XRP frenzy driven by Coinbase users The rally was apparently driven by Coinbase users as the price of XRP did not see
Raleigh, North Carolina is Knock’s newest market getty Knock Home Swap™ is a timely solution for home sellers who are also home buyers to bid competitively in today’s market. By using Knock Home Swap homeowners can buy their new home before selling their old home knowing with approved Knock financing, they are essentially cash buyers.
If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance quite rapidly. While a few analysts believe the
The logo of the US Social Security Administration is seen outside a Social Security building, … [+] November 5, 2020, in Burbank, California. (Photo by VALERIE MACON / AFP) (Photo by VALERIE MACON/AFP via Getty Images) AFP via Getty Images Just in time for Joe Biden to carefully scrutinize — or toss into the circular
Municipals held steady Monday while Treasuries weakened and equities rose as investors refocused on the effectiveness of vaccines against COVID-19. Yields on top-quality munis were unchanged on the AAA scale with Treasury bond yields rising as much as four basis points. Successes in finding effective vaccines against the coronavirus pushed investors into a risk-on mode
© Kshitij Anand Gold price today: Yellow metal slips below Rs 50,000, silver falls by over 1% Gold slipped below the crucial Rs 50,000 per 10 gm mark in the morning trade in Indian markets on November 24, tracking a muted trend in international spot prices amid optimism over COVID-19 vaccine development and upbeat US
Many millions of people are suffering immeasurably because of Covid lockdowns, yet amazingly enough, the stock market is at an ALL TIME HIGH… by Simon Black of Sovereign Man New York City is up 33% this year. St. Louis is up 66%. In Oregon it’s up 100%. I’m not talking about real estate prices, local
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
The Simplified Employee Pension IRA (SEP IRA) offered by the Vanguard Group is considered one of the best individual retirement account (IRA) products available. Though SEP IRAs are a popular retirement savings vehicle and are offered by many different financial institutions, the Vanguard SEP IRA offers a unique combination of affordability, diverse investment options, high-quality customer
Relativity Space Relativity Space wants to use enormous 3D-printers to revolutionize the way rockets are built – and CEO Tim Ellis told CNBC that the company now has a “war chest” of capital to do so. “We’re excited to announce a $500 million Series D funding round at a valuation above $2 billion from top
General Motors is backing away from the Trump administration’s court fight over California’s vehicle emissions standards, as Democrat Joe Biden prepares to take over the White House and the carmaker makes a push to dominate the US market for electric vehicles. Mary Barra, chief executive, sent a letter to environmental groups on Monday saying the
Donald Trump was dealt another blow to his attempt to overturn the results of the election on Monday as a Michigan board certified the more than 150,000 vote margin by which Joe Biden won the battleground state. The certification was the latest sign of Mr Trump’s dwindling chances of successfully challenging Mr Biden’s victory as
As he sits in his office at Janney Montgomery Scott’s Philadelphia headquarters, Private Client Group President Jerry Lombard has one word to describe it: “lonely.” Since employees who want to work remotely can do so, about 85-90% of headquarters staff are working from home on any given day. But while their absence may be felt
Nothing To See Here Tim Tadder Fine art photography is something many people enjoy collecting and displaying on the walls of their homes. But unlike other types of art, buying it isn’t always such a straightforward process because unlike paintings or sculptures, photography is easily reproduced. But that doesn’t mean you should avoid investing in
During the mortgage bubble in the early 2000s, when investors were feverishly trading faulty subprime bonds, a few savvy skeptics recognized the bonds were doomed, so they bet against them. They shorted the bonds and made billions. Now one of those players is doing the same thing, but not on subprime. He’s doing it based on
PRESS RELEASE. Singapore, November 23, 2020 — MCS (MyCoinStory), a fast-growing cryptocurrency derivatives exchange headquartered in Singapore, announced on November 23 that it has officially launched a market maker program. As a latecomer to the industry, MCS claimed that it has prepared unprecedented benefits, in comparison with other exchanges, for its market maker program. As
The Ohio Retired Teachers Association (ORTA) recently voted to raise funds for a forensic audit of … [+] the $80 billion State Teachers Retirement System of Ohio. getty The Board of Directors of the Ohio Retired Teachers Association (ORTA) recently voted to raise funds for a forensic audit of the $80 billion State Teachers Retirement
President-elect Joe Biden plans to nominate former Federal Reserve Chair Janet Yellen to serve as his Treasury secretary, a move that would put the first woman and a seasoned central banker into the nation’s top economic policy job as the coronavirus pandemic threatens another U.S. downturn, people familiar with the matter said. In Yellen, Biden
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! Cap-Oeste project. Image credit: Patagonia Gold. (Kitco News) – Patagonia Gold (TSXV: PGDC) announced today that it has received a provisional permit to proceed with
Silver is arguably more impressive than gold right now... by Captain Ewave of CaptainEwave Captain Ewave “Gold, Stk Mkt, & Oil: Weekly Chart Waves” Email: [email protected] Website: www.captainewave.com S&P500: Within wave -iii-, we completed wave .iii. at the 3588.11 high, and all of wave .iv. as a failure at 3233.94. Our current high for wave
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%