Articles

Cannabis stocks rally after Trump supports moving drug to less restrictive category

GOP presidential nominee Donald Trump supports Schedule III classification for cannabis, which has already been proposed by the Biden administration.

Boeing’s stock bounces as agreement with machinists union removes a headwind

Boeing’s stock was headed for a nice bounce Monday, as the tentative agreement reached with the International Association of Machinists District 751 removed one of the headwinds the aerospace giant has been facing.

Nvidia’s stock has been a huge S&P 500 driver. Here’s why its influence could wane.

With more Nvidia earnings growth ahead, Citi says the company should still help the S&P 500’s performance, though potentially not to the same extent as before.

Stick to defensive stocks as short-term yields dive, say JPMorgan strategists

JPMorgan now favors small caps over large caps, and no longer likes growth over value

‘I’ve never invested in the stock market’: I’m 64 with $400,000 in CDs and a high-yield savings account. Should I invest in bonds?

“Interest rates are going down so CDs might not be an option for long.”

Summit Therapeutics’ stock pops as lung-cancer treatment beats Merck blockbuster in late-stage trial

Shares of Summit Therapeutics Inc. jumped more than 30% premarket on Monday after the biotech company released late-stage trial data showing that its experimental lung-cancer treatment topped Merck’s blockbuster Keytruda.

KeyCorp to book $700 million loss on sale of securities

The transaction marks an example of efforts by financial firms to reposition their balance sheets with higher-yielding assets as interest rates have risen.

Elon Musk’s SpaceX targets Tuesday for historic Polaris Dawn launch

Elon Musk’s SpaceX is targeting Tuesday for the launch of the historic Polaris Dawn mission but warned that weather conditions are only 40% favorable for the launch, which has already been delayed once.

Squarespace’s stock climbs after buyout bid boosted to $7.2 billion

Squarespace’s stock climbed toward a three-year high in premarket trades Monday, after private-equity firm Permira raised its buyout bid for the online brand-building platform.

MBX Biosciences sets IPO terms with plans to raise up to $136 million

MBX joins the IPO pipeline just days after two other biotechs set terms for their planned deals.

Another iPhone? Boring. Apple must be revolutionary again to save its stock

CEO Tim Cook has been an admirable leader for Apple, but he’s no Steve Jobs.

This chart warning of Europe’s tech failings also may be alarming to the U.S.

Former European Central Bank President and Italian prime minister Mario Draghi on Monday laid out the case for a massive series of investments to boost the region’s stagnant economy.
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