Sarepta Therapeutics stock surged by 20 percent after the company brought in much higher-than-expected revenues in its second-quarter earnings report Wednesday. Wall Street believes the biopharmaceutical company’s focus on developing treatments for rare neuro-muscular diseases is paying off, putting Sarepta in position to dominate its sector of the commercial drug market. “We believe Sarepta is […]
Read moreAmazon quietly acquired a company named Graphiq in May to help make Amazon’s voice assistant Alexa smarter, the Los Angeles Times said on Wednesday. Graphiq, according to its still-live website, lets users search on a topic — say, President Trump — and get complex sets of data on that subject, presented in easily digestible charts. […]
Read moreInterest rates are likely to stay low no matter who succeeds Janet Yellen as Federal Reserve chair, BlackRock‘s Rick Rieder told CNBC on Thursday. “Whoever is appointed, the dynamic [is] if you’re going to execute fiscal policy, you need to keep rates low for a long time,” the BlackRock chief investment officer of global fixed […]
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Euro surges against dollar as Draghi comments on ECB asset purchases
The euro saw a sharp surge as Mario Draghi spoke on Thursday afternoon, with the president of the European Central Bank (ECB) discussing inflation expectations and the potential end of its asset-purchase program. This is a breaking news story, please check back later for more. Source: cnbc Euro surges against dollar as Draghi comments on […]
Read moreThe number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting another month of strong job growth. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 233,000 for the week ended July 15, the Labor Department said on Thursday. That […]
Read moreAre you wondering when the current tide of creative destruction from the FANG stocks will recede so we can go back to our old ways of investing in what we know? Like brick-and-mortar retailers, television and radio assets, movie production companies and advertising? If you’re one of the holdouts waiting to wade back into Amazon‘s […]
Read moreThe European Central Bank (ECB) held interest rates and asset purchases steady on Thursday, amid speculation that the bank will start to scale back its ultra-loose monetary policy in the fall. The central bank said that economic conditions remained positive but attempted to calm markets by striking a somewhat dovish tone and insisting that it […]
Read moreA home is only worth what someone is willing to pay for it, and apparently, that tab just hit its highest level in history. The median value of all homes in the United States in June surpassed $200,000, up 7 percent from a year ago, according to Zillow, a real estate listing company. Valuing homes […]
Read moreCheck out which companies are making headlines before the bell: Travelers – The insurance company reported profit of $1.92 per share, missing estimates of $2.11 a share, although revenue beat forecasts. Results were impacted by higher weather-related losses. Travelers did see record premiums and higher investment income. Blackstone – The asset manager came in three […]
Read moreMore than 150,000 ether tokens, a digital currency similar to bitcoin, worth around $30 million were stolen by cybercriminals on Wednesday. Around 153,000 tokens were taken by hackers, according to data from Etherscan. 44,055 tokens were stolen from commerce platform Swarm City. The theft was noticed at 12:30 p.m. ET on Wednesday, according to Swarm […]
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