Drug developers like Celgene (CELG) are constantly innovating new medicine to offset the risk of sliding sales tied to expiring patents and that means investors should always be paying attention to when patents are set to end on key, top-selling therapies, such as Celgene’s Revlimid. Read on to learn more about Celgene’s top-selling drugs and the
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SoFi CEO Anthony Noto told CNBC on Wednesday that the fintech company’s investing platform has seen a strong increase in users this year, in what has been a volatile period for financial markets. “We’ve seen the number of people that use SoFi Invest double, the number of accounts open since the beginning of the year,”
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase shares rose Tuesday after CEO Jamie Dimon called the
You’re new to the U.S. and need a place to stash your money so you can start saving, but where do you start? You don’t want to keep your money under your mattress. You certainly won’t be building any return for your money, and it definitely isn’t safe. So why not turn to a bank?
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. SpaceX raised well over the $500 million it was seeking in its most recent funding round, filings with the Securities and Exchange Commission reveal. Elon Musk’s space company on Tuesday filed
401(k) regulations allow the employer to determine, to a certain extent, what is defined as “eligible compensation/pay” for contributions to the plan. For instance, some plans include overtime pay in the definition of compensation for salary deferral purposes, while others may not. For example, assume that the plan does not include overtime in the definition
The U.K. government’s treasury building Matthew Lloyd | Bloomberg | Getty Images The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond buying action from central banks. In an auction Wednesday, the country’s Debt Management Office said it
The exponential moving average (EMA) is one of the most commonly utilized forex trading tools. Traders use the EMA overlay on their trading charts to determine entry and exit points of a trade based on where the price action sits on the EMA. If it is high, the trader may consider a sale or short
Marc Andreessen, co-founder and general partner of Andreessen Horowitz David Paul Morris | Bloomberg | Getty Images Amid a sharp pullback in venture capital activity during the coronavirus pandemic, one Silicon Valley start-up is showing what could be a path forward for other new companies seeking funding. The business, a payroll platform for remote workers
Sheraton Grand Sacramento Hotel Source: Sheraton Grand Sacramento Hotel A small firm is looking to make a change at a real estate investment trust, an area typically tough for activism. Company: CIM Commercial Trust Corp. (CMCT) Business: Real estate investment trust that primarily acquires, owns, and operate Class A and office assets in the United States. Stock market
In 2009, superstar entrepreneurs Jack Dorsey and Jim McKelvey created Square, Inc. (SQ), fulfilling their dream of creating technology capable of aggregating merchant services and mobile payments into a single, easy-to-use service. Less than a decade later, Square was downloaded over 33.5 million times by small businesses that use it to accept credit card payments, track sales
Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC An index of cloud stocks developed by venture-capital firm Bessemer Venture Partners reached new highs this week as U.S. indexes still recover from the selloff that began in February. The BVP Nasdaq Emerging Cloud Index, established in 2013, is up about 31% for the year, while the S&P
Pedestrians walk past a J.P. Morgan Chase bank branch. Alex Tsai | SOPA Images | Getty Images WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday. In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced economies will struggle
If your employer offers both a 403(b) and a 401(k), you can contribute to both plans in order to boost your retirement savings. However, there are limits on the combined total of so-called salary reduction contributions you can make in a tax year. For 2020, the contribution limit is $19,500 ($19,000 for 2019). For those
Flags of the US and China are placed ahead of a meeting between US Secretary of Agriculture Sonny Perdue and China’s Agriculture Minister Han Changfu at the Ministry of Agriculture in Beijing on June 30, 2017. Jason Lee | AFP | Getty Images A bill that could force Chinese companies to give up their listings
Luis Alvarez The U.S. government passed the largest piece of stimulus legislation in our nation’s history to allow people to keep paying their bills during the forced economic shutdowns due to the coronavirus. Consumers, in turn, used a lot of that money to speculate in the stock market. Securities trading was among the most common
As the tax-filing deadline approaches, many taxpayers contribute to a traditional IRA to lower their taxable income. If you are considering doing so, it is important to know the eligibility requirements; otherwise, the Internal Revenue Service (IRS) may assess an excess contribution penalty. Here are some important reminders. Key Takeaways Retirement accounts such as IRAs
Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Sir Richard Branson‘s Virgin Orbit is set to conduct its first orbital rocket launch as
Ricky Sandler, founder and chief executive officer of Eminence Capital LP, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Patrick T. Fallon | Bloomberg | Getty Images A hedge fund chief who had a bullish view of the stock market when
There was a time when sports were the seasonal obsession of a few men around the television screen. While that may still be true to some extent, technology has helped bring the thrill of competition to even the unlikeliest of fans. Now women, men, teens, and grandparents alike all take part in what the world