Dynavax stock rocketed up more than 70 percent in midday trading Monday after an FDA panel voted in favor of the company’s primary drug under development. The majority of an FDA advisory committee voted “yes” when asked whether data support the safety of Dynavax’s Heplisav. “[The] panel vote is a major win for Dynavax,” J.P. […]
Read more
The stock market’s strong July performance may ward off some of the negative action that often comes in late summer — and set up 2017 for more sharp gains. While strategists warn the usually rocky late summer period would be a logical time for a pullback, technicians at Strategas point to a historic trend where […]
Read moreDrexel Hamilton’s research is expecting decent results in Apple’s third quarter earnings report, but investors should be more focused on the company’s upcoming innovations instead. The report, entitled “Just Looking to Get 3Q Over With and Focus on New iPhone Cycle,” was released Monday. “Apple is currently in the seasonal doldrums for the iPhone,” wrote […]
Read moreBig-bank stocks could be ready to make a move after a five-month run of doing pretty much nothing, according to a Goldman Sachs analysis. A surge in dividends and share buybacks coupled with growing prospects of regulatory rollbacks are bolstering the case for the largest financial institutions, analyst Richard Ramsden said in a research note. […]
Read moreElon Musk is a self-made billionaire 16 times over. He’s the entrepreneur that other entrepreneurs admire the most. He’s the founder and CEO of Tesla and SpaceX, among other epic world-changing companies. He is even dating a Hollywood actress. He’s got the good life, right? But that doesn’t mean it’s easy. Sunday, the billionaire entrepreneur […]
Read moreAmazon has made a number of major acquisitions this year, sparking a frenzy of speculation over what it would go after next. Just this year, it made two blockbuster deals, with Whole Foods and Souq.com, and was rumored to be in the hunt for Slack and Shopify, each worth billions of dollars. That’s a huge […]
Read moreMicrosoft shares are falling in part because the company gave declining profit margin guidance for the next fiscal year during its mid July earnings report. However, Cowen predicts the worries are overstated and the software giant will report profitability above expectations. As a result, it reiterated its outperform rating on its shares. “We have confidence […]
Read moreBitcoin faces a pivotal moment as investors are about to receive an entirely new asset called Bitcoin Cash after the blockchain supporting the cryptocurrency is forced to split in two. “The creation of Bitcoin Cash is certainly a pivotal moment for Bitcoin and its community,” Charles Hayter, founder of digital currency comparison website CryptoCompare, told […]
Read moreSnap‘s stock whipsawed this month, with Wall Street analysts torn on whether the shares are worth more or less than the $17 IPO price it received in March. And it’s about to face its biggest challenge in a while, as its lockup period ends. Among finance types, one explanation of Snap’s unrest has been the […]
Read moreWhen it comes to picking a hotel room, millennials prefer a deal on a picture-perfect room they can share on social media over saving money on a cheaper room, according to data from mobile travel app HotelTonight. “Fundamentally they are different as a generation extends to how they travel and how they really travel for […]
Read more