A battle heats up between a deep-research investor with a private equity mindset and an underperforming small cap software stock. This is a textbook case of good activism — a company with poor operating history, horrible corporate governance, underperforming stock, overpaid CEO and a large, long-term shareholder with a very friendly and reasonable request with impressive
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A customer leaves an ATM at a Wells Fargo branch in Denver. Rick Wilking | Reuters Check out the companies making headlines in midday trading:  Gilead Sciences — Gilead gained 2.1% after saying its coronavirus treatment candidate drug, remdesivir, was associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality compared
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President Donald Trump has commuted the prison sentence of Roger Stone, a confidante and self-described political “dirty trickster” in a Friday evening move that sparked widespread anger from Democrats. Mr Trump made the controversial move four days before Mr Stone, 67, was scheduled to start a 40-month sentence at a prison in Georgia. Mr Stone,
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President Donald Trump travelled to Florida on Friday despite the widening coronavirus outbreak in the state, which reported a near record increase in new infections and related fatalities over the past 24 hours. Mr Trump arrived in Miami, where he was due to discuss drug interdiction efforts with the US Navy admiral in charge of
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Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Goldman Sachs is warning that the upcoming presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.
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After an unprecedented first half of 2020, what could the next six months bring? Here is what five … [+] housing economists and experts anticipate. Getty Mortgage rates are searching for a historic bottom. Home prices are inching up toward record highs. Home shoppers are looking for deals. Homeowners are weighing selling versus refinancing. A
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Cryptocurrency exchange OKEx launched saving accounts and margin trading for meme cryptocurrency Dogecoin (DOGE). According to an announcement shared with Cointelegraph on July 9, OKEx announced that leveraged spot trading, perpetual swap contract trading, and saving features will launch tomorrow for the meme-based cryptocurrency, Dogecoin. OKEx did not answer Cointelegraph’s inquiry by press time. Exchanges
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As New York City goes, so goes urban centers across the U.S., according to Ryan Schneider, chief executive of Realogy Holdings. The coronavirus pandemic has pushed city dwellers and potential homebuyers to flee dense areas like New York and parts of California for suburban locations as Americans spend more time at home than before. While
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The US has surpassed 3m confirmed coronavirus cases, driven by new outbreaks in states like California, which on Wednesday recorded the largest-ever one-day jump in infections for any state since the pandemic began. There have been 3,035,337 confirmed cases of Covid-19 in the US, according to data from Johns Hopkins University, accounting for just over
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A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter. The net
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Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading.  Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month
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