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Amgen Inc. on Thursday said it would lay off about 450 employees, or less than 2% of its workforce, as it faces increasing pressure from drug prices and high inflation. “We made these changes to realign our expense base in the face of intensifying pressure on drug prices and high levels of inflation so that

When you think about artificial intelligence (AI), New York-based enterprise automation software maker UiPath (NYSE: PATH) probably isn’t the first company that comes to mind. Yet, UiPath is actually immersed in AI, and the company has a notable partnership with the almighty Amazon (NASDAQ:AMZN). So, while it won’t always be a smooth ride, expect PATH

BlackRock Chief Executive Larry Fink raised the specter of the “silent crisis” of retirement facing the global economy as increased longevity makes issues such as higher housing and healthcare costs for retirees more daunting. In his closely watched annual letter, Fink, the co-founder of the $8.6 trillion money manager BLK, +1.38%, said “investing for a

Last week ended with a bang and this week started with one. The regional banking crisis has reintroduced a wave of volatility into the financial system, something we’re seeing all across the board. Now more than ever it has investors looking at the hot stocks for tomorrow. SVB Financial (NASDAQ:SIVB) failed late last week and

Thousands of miles away from U.S. shores early Wednesday, a headline began working its way across Europe, then Wall Street, sparking fresh panic as it dawned on investors they may be facing yet another banking crisis. In Zurich, shares of Credit Suisse CS, -13.94% CSGN, -24.24% tumbled more than 20% at one point to a

Are you afraid to invest in the banking sector in 2023? There’s no need to be, as app-based bank SoFi Technologies (NASDAQ:SOFI) is quite different from its competitors. Naturally, SOFI stock will have its ups and downs this year. Yet, there are multiple reasons to expect SoFi Technologies to deliver outstanding value to its shareholders. Don’t

First Republic Bank absorbed debt rating downgrades from three major bond research firms Wednesday as concerns mounted it will suffer further deposit flight that will hurt already modest profitability. S&P Global Ratings downgraded its issuer credit rating on First Republic Bank by four notches to BB-plus from A-minus on Wednesday, placing it in speculative grade,

If you had $200 billion lying around, why wouldn’t you want to have your own bank? That’s probably what Twitter CEO Elon Musk thought when he floated the idea of buying SVB Financial’s (NASDAQ:SIVB) subsidiary Silicon Valley Bank on March 11. Other tech and crypto moguls have since offered up plans of their own. If you

Signature Bank of New York was being investigated by the U.S. Justice Department for its work with crypto clients before it was seized by regulators over the weekend, according to a new report. Bloomberg News reported late Tuesday that federal prosecutors were investigating whether the bank was taking the necessary steps to identify potential money

If you wanted to build a profitable bank, how would you do it? The founders of SoFi (NASDAQ:SOFI) certainly had the right idea. Instead of lending to businesses (which tend to chase after the lowest-possible interest rates), why not loan cash to rich kids instead? Or at least the kids you think will become rich

There’s some good news for fans of a four-day workweek. People who worked eight fewer hours per week were just as productive as those clocking in for a standard 40-hour week, according to a 2023 real-world study. And feedback on the four-day workweek was “overwhelmingly positive.” The study was conducted by 4 Day Week Global in

In December 2022, InvestorPlace.com contributor Joel Baglole picked out Seven Surprising Stock Picks for Contrarian-Minded Investors. His picks would prove masterful. Not only did he pick out Coinbase (NASDAQ:COIN) – one of the top performers of the stock market this year. He also chose Meta Platforms (NASDAQ:META), Zillow (NASDAQ:ZG) and AMC Entertainment (NYSE:AMC), a wide

Japanese bank stocks fell sharply Tuesday morning as the country’s government bond yields hit multimonth lows in the wake of Silicon Valley Bank’s collapse. Shares of Mitsubishi UFJ Financial Group Inc. 8306, -7.45% were recently 7.5% lower and shares of Sumitomo Mitsui Financial Group Inc. 8316, -7.60% were down 8.0%. Bank stocks had surged since

No one can guarantee that it will be easy to make money as an investor of electric vehicle (EV) battery manufacturer QuantumScape (NYSE:QS). There will be bumps along the road, no doubt. Yet, there’s room for significant upside eventually, as QuantumScape’s relentless drive to innovate will drive the future growth of QS stock. A lot has

Charles Schwab Corp. is well known as the premier discount broker in the U.S., but some may not realize that it’s actually a savings and loan holding company. Schwab’s SCHW, -8.35% main banking subsidiary is Charles Schwab Bank SSB, an insured depository institution based in Westlake, Texas. The bank had $349 billion in total assets

U.S. financial regulators on Sunday said Silicon Valley Bank customers would have access to all their money on Monday, days after the bank failed. Announcing new steps, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation said their moves would “ensure that the U.S. banking system continues to perform its vital roles of protecting

When package-deliverer FedEx Corp. reports its third-quarter earnings on Thursday, the results won’t just be about the state of shipping. They’ll be about all the state of people and businesses that still want it, after e-commerce demand cooled off last year and FedEx FDX, -2.66% itself embarked on a quest to slash billions in costs.

Short-squeezes have been making headlines in stock trading as an increasingly popular phenomenon. A short squeeze occurs when investors who have bet against a company’s stock (by “shorting” it) are forced to buy back their shares to cut their losses. This sudden buying activity can lead to a surge in the stock’s price, causing a

Hi, I’m 64 and getting ready to retire in one year. I owe approximately $165,000 on my house with no other debt. I have close to $850,000 in retirement savings, $2,200 a month from a pension, approximately $,2300 a month in Social Security benefits and $300 a month from my ex-wife’s pension. I also drive

Will investors of California-headquartered electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ:MULN) finally catch a break in 2023? The company hasn’t achieved profitability yet but has made progress in other respects. Besides, there’s an event happening this week that could drive interest in MULN stock. To put it mildly, it’s been a bumpy ride for Mullen’s