Business
Why Biohaven Pharmaceutical Stock Is Tanking Today
Shares of Biohaven Pharmaceutical Holding Co. (NYSE: BHVN) dropped by nearly 13% in pre-market action Tuesday morning. The drugmaker's shares are sinking following the release of disappointing phase 2/3 clinical trial results for its experimental...
Topics: US Equity Markets
Goldman Sachs Just Shattered Earnings Expectations
We've now heard from most of the biggest U.S. banks, and it's fair to say that Goldman Sachs (NYSE: GS) was probably the biggest winner.For one thing, the bank destroyed expectations on both the top and bottom lines. Analysts had been looking for...
Topics: Goldman Sachs, Banking, US Equity Markets
Watch Out! These 3 Stocks Might Cut Their Dividends
Investors should always hold a few high-quality dividend stocks in their portfolios. Income stocks generally aren't exciting, but they can generate impressive compound returns over the years via the magic of reinvested dividends and compounding...
Topics: Dividend
Peloton, Chewy, and Fiverr show tech investors are overvaluing growth and ignoring price, UBS says
Peloton
UBS analysts downgraded Peloton, Chewy, and Fiverr to "sell" ratings this week.The tech companies are "emblematic of a market that values growth over any semblance of valuation."The analysts expect the trio to grow strongly, but argue those...
Topics: UBS
Bank of America Fourth-Quarter Profits Top Estimates, but Revenue Falls Short
Bank of America (NYSE: BAC) reported a roughly $5.5 billion profit in the fourth quarter of 2020, or $0.59 in diluted earnings per common share, beating analysts' estimates on total profits, but revenue fell short of predictions.Continue reading
Topics: Bank Of America, Banking, US Equity Markets, Earnings Per Share
Microsoft is the latest investor to join GM's Cruise in a round that values the self-driving firm...
GM's Cruise will be valued at $30 billion following its latest investment round.
Cruise
Microsoft is teaming up with GM's Cruise to accelerate the commercialization of self-driving vehicles, the firms announced Tuesday.
The software...
Topics: Microsoft (MSFT), General Motors
Gap (GPS) to Gain on Brand Strength & Online Demand in 2021
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Gap, Inc. (GPS): Free Stock Analysis Report L Brands, Inc. (LB): Free Stock...
The Zacks Analyst Blog Highlights: B&G Foods, Hershey, Monster Beverage and Utz Brands
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hershey Company The (HSY): Free Stock Analysis Report Monster Beverage Corporation...
Oceaneering (OII) & Stork Win Deals Worth $6.5M From Neptune
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oceaneering International, Inc. (OII): Free Stock Analysis Report Fluor Corporation...
AT&T (T) to Retrench Slovakia Workforce Amid Demand Woes
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Topics: Slovakia, Amazon, Amazon (AMZN)
Q: How are US farmers doing? A: Depends on how big they are.
The USDA’s now-crippled Economic Research Service has published some reports on farm income.
This is Big Ag, of course. As the Heritage Foundation enjoys pointing out:
Another reason why Big Ag is doing so well is the amount of money...
AMC soars 37% after issuing $100 million in debt to stave off bankruptcy
An open AMC theater in Linden, NJ is seen on January 8, 2021.
Kirsten Acuna/Insider
AMC soared as much as 37% on Tuesday after revealing it raised $100 million in a new debt offering.The theater chain issued new debt due in 2026 at a hefty interest...
Topics: Bankruptcy
MiB: Only Charging a Fee When They Outperform
How would you like your active asset manager to only charge you for the alpha they generate? Even better, what if they refund fees when they fail to provide beta?
That is the approach pioneered by Orbis Investments. Adam Karr, head of...
Grifols (GRFS) to Begin Study on Plasma-Derived COVID-19 Drug
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Topics: Astrazeneca, Pfizer
Cardiovascular Systems' (CSII) OAS Gets CE Mark for Use in Europe
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Salesforce (CRM) Invests in India Cloud Startup Darwinbox
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Topics: Salesforce (business), India, Startup, Amazon, Amazon (AMZN)
Philips (PHG) Set to Acquire Capsule Technologies for $635M
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Marriott (MAR) to Boost Asia Pacific Line-up With 100 Hotels
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Motorola (MSI) Teams Up With PRP to Revamp Public Safety in Canada
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Topics: Canada, Qualcomm (business)
ConocoPhillips (COP) Acquires Concho, Creates Permian Giant
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Topics: ConocoPhillips