U.S. stocks finished mostly higher Thursday, but pulled back from record intraday highs on a report of distribution issues with Pfizer’s coronavirus vaccine.
The prominent hedge-fund luminary has been among the traditional investors who is considered in the decidedly bullish cryptocurrency camp and sees big opportunities ahead.
According to Deutsche Bank strategist Jim Reid, the recent run-up in U.S. stocks has taken markets “above the level seen on the eve of the 1929 stock market crash and the recent peak in January 2018,”citing the CAPE ratio of price-to-earnings created in part by Robert Shiller.
“We’ve gotta have a really vigorous anti-misinformation campaign and judging by how we blew it on masks, that makes me very worried,” Dr. Bob Wachter tells San Francisco’s KGO-TV.
After months of holding out for a larger package, Democratic congressional leaders threw their weight behind a coronavirus stimulus proposal that has bipartisan support in both chambers of Congress.
With control of the United States Senate hanging in the balance ahead of the Jan. 5 runoff elections in Georgia, Republican incumbent David Perdue’s penchant for flipping stocks is becoming an increasingly thorny issue.
Salesforce.com picks up a rare Wall Street downgrade, as other analysts wonder if the cloud-based customer-relationship-management company is biting off more than it can chew.
The veteran immunologist told a livestream: ‘Once we get there, we can crush this outbreak just the way we did with smallpox, with polio and with measles. So we can do it.’
Dyal Capital Partners is in talks to merge with Owl Rock Capital Partners LP, part of a complicated deal with a special-purpose acquisition company that would value the fast-growing asset managers at about $13 billion combined and take them public, according to people familiar with the matter.
The Democratic-run House of Representatives on Wednesday OKs a bill that could bar many Chinese companies from listing shares on U.S. exchanges or otherwise raising money from American investors.
Okta Inc. shares rose sharply in the extended session Wednesday after the provider of enterprise identity-management systems reported revenue and adjusted earnings that handily beat analysts’ estimates.