U.S. markets rebounded Friday, with biotech companies leading the charge in today's session. The markets got a strong shot in the arm after the U.S. Commerce Department revised GDP growth upward for the second quarter. The U.S. economy accelerated at its strongest pace in 30 months.
Here are the top stories from the stock market today…
by Jim Bach
Yahoo! Inc. (Nasdaq: YHOO) stock rose 4% today, with Starboard Value LP reportedly buying up a large stake in the company.
The investment management firm’s decision is a positive development for YHOO, which had seen its shares tumble for most of the week on concerns that as it sheds its portfolio of overseas investments, the remaining core business will be valueless.
Here’s one thing YHOO needs to do to reassure shareholders now…
by Diane Alter
Dow Jones Industrial Average officials just made membership requirements for its elite index even more stringent, prompted by a surge in inversion deals made to avoid the high U.S. corporate tax rate.
The committee overseeing the storied blue-chip benchmark just updated the definition for index inclusion. The classification now states that companies that conduct business in the United States, but are incorporated abroad, are not eligible for admission in the 30-stock index.
The Dow tweaked the language used in its process of accepting components into the coveted index to officially read that member companies must be incorporated and headquartered in the United States. Additionally, the United States must be a company’s largest revenue-generating country.
That means the new eligibility requirements clearly exclude companies that have moved overseas via inversion deals.
by David Zeiler
When you start seeing a lot of Bitcoin news headlines declaring that the digital currency is dead or dying, it can only mean one thing.
Bitcoin prices are bottoming out and will soon start rising.
That’s not the conclusion one would normally draw from a Financial Times story that just pronounced the “end of Bitcoin,” but in this case it’s correct.
To make sense of this, we need to turn to science…
by Diane Alter
One of the reasons biotech stocks can be your portfolio’s biggest winners is because of the massive profits companies see after releasing a blockbuster drug – especially with the exorbitantly high prices of this year’s new treatments.
Here are a closer look at the priciest drugs – and the biotech stocks behind them…
by Shah Gilani
The Home Depot data breach is huge, and yet the general public seems frustratingly unconcerned about it.
Who should worry about data breaches? Everyone. You as an individual are at risk. Your bank account is at risk. Your credit is at risk. You're at risk in ways you never thought about.
We can't afford to ignore this threat any longer...
by Jim Bach
The price of silver this week looks to be headed for trouble, with prices falling below $18 for the first time since 2010. But there is no need to panic.
There are two easily identifiable headwinds containing the price of silver.
And those two headwinds are ready to clear up and unencumber the languishing silver prices…
by Jim Bach
War-weary investors may shudder at the thought of buying Raytheon Co. (NYSE: RTN) stock, but the practical investor will see a great opportunity.
The growing threat of militant groups, accentuated by the Islamic State of Iraq and al-Sham (ISIS), currently infecting large swaths of land across Syria and Iraq prove that the defense sector is not only a good investment but a necessary one.
Here's why RTN plays an important role in this fight...
Yesterday (Thursday), the Dow Jones Industrial Average suffered its steepest drop since July 31st, with tech stocks leading the plunge.
The dive was fueled by a sharp downturn in shares of Apple Inc. (Nasdaq: AAPL), which fell for the second consecutive day. AAPL stock dropped 3.8%, falling below $100 per share. Concerns about software glitches in its iOS platform and structural problems in the iPhone 6 Plus are heavily weighing on the stock.
Can the Dow Jones recover Friday? Here are the top stories facing U.S. markets...
by David Zeiler
The video streaming subscription business model that Netflix, Inc. (Nasdaq: NFLX) helped pioneer is why Wall Street is so in love with the stock, but it's also why the company is a prime acquisition target.
And while the company's $27 billion market cap would greatly narrows the list of potential suitors, the companies with the most to gain from buying Netflix also happen to be some of the wealthiest on the planet – the titans of tech.
Here’s why Netflix is so alluring, and a case by case look at each of the top four candidates…
