Articles

To fix Social Security, increasing the wage base should be part of the solution

Some increase in the wage base is almost inevitable because growing wage inequality has caused the share of wages subject to taxation to decline sharply.

Psychedelic drug contender stocks drop after FDA rejects MDMA treatment

Shares of companies developing treatments based on psilocybin and other psychedelic drugs moved lower on Monday after the U.S. Food and Drug Administration rejected use of MDMA for post-traumatic stress disorder.

As LL Flooring goes bankrupt, here are the 94 stores holding closing sales

LL Flooring, formerly known as Lumber Liquidators, has filed for bankruptcy, which it plans to use to pursue a “going concern” sale of its business.

Dell’s stock is well off its highs. This analyst sees opportunity for investors.

Melius Research is still upbeat about Dell’s earnings potential, though analyst acknowledges the company needs to soothe investors’ margin fears.

Nvidia is one of BofA’s top ‘rebound’ stock picks. Here are the others.

Nvidia’s stock is one of the S&P 500’s best performers in Monday action as BofA outlines why a ‘rebound’ scenario makes sense for the semiconductor sector.

B. Riley Financial’s stock drops 30% after it suspends dividend and projects a loss

Most of B. Riley’s losses are related to the performance of its investment in Franchise Group Inc. — whose retail brands include Vitamin Shoppe, Pet Supplies Plus and furniture seller American Freight — and its Vintage Capital loan receivable.

Ascendis Pharma’s stock surges after FDA approval for first and only treatment for rare disease

The stock of Ascendis Pharma A/S jumped 11% early Monday, after the biotech said the U.S. Food and Drug Administration has approved its Yorvipath as the first and only treatment for a rare endocrine disease.

WeRide sets IPO terms for autonomous-driving company’s U.S. listing

WeRide plans to trade on the Nasdaq under the symbol WRD.

Leveraged funds roll back bets against yen by widest margin in years as carry trade unwinds

A group of trend-following investors active in futures markets has pared its bets against the Japanese yen by the widest margin in years, according to the latest data from the Commodity Futures Trading Commission.

Pfizer reports positive results in study of vaccine for immunocompromised adults at risk of severe RSV-related illness

Pfizer plans to share the findings at a scientific conference and publish them in a peer-reviewed scientific journal. The company will also submit the data to regulatory agencies for review.

Marathon Digital’s stock drops after plans to offer convertible debt

Marathon Digital’s stock took a hit Monday, after the cryptocurrency miner announced plans for a $250 million debt offering, that could be converted into common stock.

Oil prices hold gains after OPEC trims demand outlook on China softness

Crude futures rose Monday, holding on to solid gains after the Organization of the Petroleum Exporting Countries trimmed its forecast for growth in oil demand due to softness in China.
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