Biogen CEO ‘Reasonably Confident’ Alzheimer’s Drug Gets FDA Approval
“The road to breakthrough innovation if full of twists and turns. We started to have some hope.”
Shiller: Recession Likely Years Away Thanks to Trump Effect
Shiller: The biggest threat to the Trump reelection train is the ongoing impeachment inquiry.
‘Foggy’ Fed: Uncertainties Clouding Central Bank’s Next Interest Rate Decision
While inflation has edged up slightly, some officials are concerned about declining inflation expectations.
3 Steps to Building Wealth, According to Millionaires
There are three main tips on how millionaires become millionaires: earn, save and invest.Â
Trump Pumps Natural Gas Industry of Key Battleground State for 2020
Trump will speak to a conference in Pittsburgh, a corporate hub of activity in the Marcellus Shale.
‘We Got Screwed’: GM Workers From Closed Plants Slam Contract, Strikes Rage On
Under the deal, GM agreed to invest about $7.7 billion in its factories, creating or keeping 9,000 jobs.
Neumann Offered $1.7B to Leave WeWork as Thousands Brace for Layoffs
The new leadership delayed cutting thousands of employees, because it can't afford severance pay.
Cramer: ‘Biggest Drug Ever’ — Biogen Soars 37% on Alzheimer’s Treatment News
The profit potential is huge, though, because no current therapies reverse the effects of Alzheimer's.
Fidelity Cuts Ties With Ken Fisher; Client Losses Now Top $2B
There are now 35 government pensions worth about $10.7B total under Fisher Investments' umbrella.
Peter Schiff: QE Is Monetary ‘Roach Motel’ for the Fed
Schiff: "Once central bankers check-in, they can never check out."
Trump Pushed for Wealth Tax More Severe Than Warren’s — in 1999
Trump's quotes and tax idea come to light as the 2020 Democratic hopefuls float wealth tax plans.
Trump Admin Says Boosts Coming for ‘Obamacare’ as Repeal Efforts Continue
The administration is asking a federal appeals court to overturn the entire ACA as unconstitutional.
Bonner: The Feds Add Liquidity to Sustain Economic Expansion
Neither markets nor economies will be allowed to exhale or retreat — not if the authorities can prevent it.
Credit Suisse: Millionaires Now Control Almost Half the World’s Wealth
If you combine the worth of all 46.8 million millionaires the total comes out to a whopping $158.3 trillion.
Jamie Dimon: Negative Rates, Trade War Could Slam Economy
On negative rates: "I think as a permanent part of policy, it is a really bad idea."
Cigarettes for Gas? How Hyperinflation Has Killed Venezuela’s Economy
The smallest Venezuelan bill in circulation, 50 bolivars, is worth about a quarter of a U.S. penny.
Familiar Uncertainty Surrounds Brexit as PM Johnson Forced to Pump the Brakes
Ominously, some lawmakers who support the Brexit deal said they would vote against the short timetable.
Daily Stock Market Update — Tuesday, Oct. 22
The S&P 500 fell 10 points to 2,995; Dow fell 39 points to 26,788; Nasdaq fell 58 points to 8,104.
Tech Companies, Banks Push Stocks Higher to Open Week
The S&P 500 rose 20 points to 3,006; Dow rose 57 points to 26,827; Nasdaq rose 73 points to 8,162.
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