Finance

Take a look at some of the biggest movers in the premarket: MyoKardia (MYOK) – The biotech company agreed to be bought by Bristol-Myers Squibb (BMY) for $225 per share in cash, or $13.1 billion – a 61% premium to its closing price on Friday. MyoKardia’s lead drug is a treatment for irregular heart rhythms and

A technician prepares a flow cell slide for loading onto a genetic sequencing machine at a Regeneron Pharmaceuticals laboratory at the biotechnology company’s headquarters in Tarrytown, New York Mike Segar | Reuters Check out the companies making headlines in midday trading.  Regeneron — Shares of the biotech company rose 5.9% after President Donald Trump used

Crowdcube co-founder and CEO Darren Westlake. Crowdcube LONDON — British start-up investing platforms Crowdcube and Seedrs are set to merge in an industry-shaking deal that will create a £140 million ($181.4 million) equity crowdfunding powerhouse. Crowdcube and Seedrs, founded in the wake of the 2008 financial crisis, shook up the capital markets by allowing the

President Donald Trump addresses the U.S. public after being hospitalized at Walter Reed. October 3, 2020. The White House Stock futures rose in overnight trading on Sunday as investors brace for another volatile week with President Donald Trump’s hospitalization adding more uncertainty to the market outlook ahead of Election Day.  Futures on the Dow Jones

Federated Hermes’ Phil Orlando’s bull case for stocks may be on shaky ground. The firm’s chief equity market strategist reveals there are two market risks keeping him up at night. His first concern surrounds the presidential election and whether Democrats will get control of both the White House and Congress. “What might fiscal policy regime

A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock Exchange as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 27, 2020 in New York City. The fourth phase allows outdoor arts

Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Nikola shares surged on Thursday, one day after the company said its production timeline and factory plans remain on track amid widespread investor anxiety regarding the company’s business as well as its planned deal with General Motors. The stock soared by as much as 31%

Stock futures fell in early morning trading on Friday after President Donald Trump said he tested positive for the coronavirus. Futures tied to the Dow Jones Industrial Average dropped 266 points after earlier plunging more than 500 points. S&P 500 futures and Nasdaq 100 futures were also in negative territory.  Meanwhile, the yield on the benchmark

Check out the companies making headlines in midday trading.  Twilio — shares of the cloud services company jumped 12% to a new all-time high after Twilio raised its forecast for third quarter revenue. The company said it is benefitting from the rise of remote work and education. Twilio is set to release its quarterly results

Take a look at some of the biggest movers in the premarket: Walmart (WMT) – The retailer announced the sale of its British supermarket chain Asda for $8.8 billion. The buying group consists of private equity firm TDR Capital and the Issa brothers, founders of gasoline station chain EG Group. Uber Technologies (UBER) – Private

Layoffs in several of the nation’s biggest industries are making headlines this week. The list includes Disney eliminating 28,000 employees connected to the coronavirus theme park shutdowns, United Airlines and American Airlines collectively planning to put 32,000 workers on furlough, and insurer Allstate cutting almost 4,000 jobs. But MKM Partners’ Michael Darda suggests it’s not the time to

U.S. House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak to reporters after their coronavirus relief negotiations with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows at the U.S. Capitol in Washington, U.S. August 7, 2020. Jonathan Ernst | Reuters The trading community is actively debating the

Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The snack and beverage giant reported quarterly profit of $1.66 per share, beating the consensus estimate of $1.49 a share. Revenue came in above estimates as well, boosted in part from increased snack purchases by homebound consumers. PepsiCo said it

GAC unveiled its electric sports car prototype on Sept. 26, 2020, at the Beijing auto show. Evelyn Cheng | CNBC BEIJING — Some of the flashiest items Chinese companies had on display at the first major auto show since the coronavirus pandemic were concept sports cars. While vehicle sales for state-owned Guangzhou Automobile Group (GAC) fell 9.87%

Dallas Fed President Robert Kaplan told CNBC on Wednesday that it is likely appropriate to keep interest rates anchored near zero for up to three years to aid the U.S. economic recovery from the coronavirus pandemic.  “I think we’re going to need to keep the Fed funds rate at zero … for the next probably

Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company’s flagship Disneyland resort remains closed for the foreseeable future due to restrictions imposed by California. Palantir (PLTR) – Palantir

Money manager Loreen Gilbert is optimistic the market will return to all-time highs this year, and it has nothing to do with who wins the presidential election. She’s building her case on a strong — albeit uneven — economic recovery. “You can’t fight the train that’s already in motion,” WealthWise Financial CEO, told CNBC’s “Trading

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions.  The moves announced

BTS attend the Billboard Music Awards at MGM Grand Garden Arena on May 01, 2019 in Las Vegas, Nevada. Frazer Harrison | Getty Images Entertainment | Getty Images SINGAPORE — The highly anticipated market debut of Big Hit Entertainment, the music label behind South Korean K-pop megastars BTS, will shift South Korea’s public listing landscape

Porsche is working with third-party operators for more than 200,000 charging points in China. Evelyn Cheng | CNBC BEIJING – Luxury and electric vehicles emerged as bright spots at this year’s Beijing Auto Show, which kicked off this weekend in the aftermath of the coronavirus pandemic with about 200 fewer vehicles than previous shows. China