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Sunday, February 23, 2020
As concerns mount about the coronavirus, a dozen or so biotech companies have ramped up their efforts to fight the disease. And, investors are taking note. Vir Biotechnology stock soared 111 percent over the past month. Novavax also surged 91 percent. Investors are betting that biotech will...
Fidelity Investments announced this week in a press release that it has launched a partial stock and exchange-traded funds initiative. The move is one of the latest by financial institutions and brokerage firms to entice younger clients to their platform. Charles Schwab recently announced its own initiative...
Leaders from two of the most important stock exchanges say that demand for initial public offerings (IPOs) will be active in 2020. Adena Friedman, CEO and President of Nasdaq and Stacey Cunningham, President of the New York Stock Exchange, say they believe this year will be better...
The stock market is the largest it’s ever been in comparison to the economy. According to some economists, this could mean the stock market is overvalued when analyzed by the CAPE ratio. The cyclically-adjusted-price-to-earnings (CAPE) ratio was developed by Robert Shiller, a Nobel...
After losing half its stock in a selloff that lasted from late July 2018 until December 2018, Facebook has finally rebounded and momentarily hit an all-time high on Friday, reaching $219.88 per share, or 0.72 percent higher. Shares ultimately ended down for the day by 0.11 percent.
The pioneer of low-cost investing, Vanguard, is following in the steps of other peer brokers and dropping commissions altogether. The firm’s move is not surprising to many because of the precedent set originally by Vanguard.  The company was the first to revolutionalize investing by offering low-cost commissions....
Two of the largest technology companies in the U.S. had some of its most significant gains in the S&P 500 during the past year. In 2019, Microsoft and Apple grew 55 percent and 85 percent, respectively. Their growth represented gains larger than the next eight largest contributors...
Thanks to higher trading on Thursday, Saudi Aramco became the world’s first company to have a valuation of $2 trillion. For the second day in a row, stocks were 10 percent higher for the Saudi Arabian oil company, before finally losing some of its gains. 
The U.K. investment firm HSBC Global Strategies said that Facebook’s valuation is overvalued and ambitious and that investors should sell the stock. The investment management firm believes that regulatory offenses likely will equal around 38.5 percent of Facebook’s current value. These regulatory infringements may...
The Canadian pharmaceutical biotech company, Aurinia, saw shares skyrocket on Thursday. Shares nearly doubled in a 24-hour period following good news about its lupus drug, voclosporin.  Lupus is a chronic autoimmune disease where a person’s own immune system becomes overactive. The result is that...