Sarepta Therapeutics CEO Douglas Ingram told CNBC that more tests are needed to develop a gene therapy to treat a rare genetic disease. On Tuesday, the medical research and drug development company released data on an experimental treatment for patients with Duchenne muscular dystrophy, or DMD. “This is preliminary results,” Ingram said on “Closing Bell”
Month: June 2018
Check out the companies making headlines after the bell: Walgreens Boots Alliance stock increased as much as 4.5 percent in extended hours trading, before giving up some of its gains. The pharmaceutical store chain is set to join the Dow Jones industrial average prior to trading on June 26, replacing long time Dow member General
It also extends a broader Trump administration pattern of stepping back from international agreements and forums under the president’s “America First” policy. Since taking office, the administration has announced its withdrawal from the Paris climate accord, the U.N. educational and cultural organization and the Iran nuclear deal. Other contentious moves have included slapping tariffs on
The Trump administration’s history with trade has been volatile for stocks, usually sending them lower at first, but investors who have bought equities on those dips have been rewarded. The Dow Jones industrial average, S&P 500 and Nasdaq composite this year dropped on average at least 0.4 percent immediately after an announcement on trade policy
Investors should sell Snap shares because a survey shows time spent per user on its app is declining, according to one Wall Street firm. Cowen reiterated its underperform rating on Snap shares, predicting the social media company will report sales below expectations. “We trimmed our 2Q18, FY18-FY23 estimates, lowering our revenue / EBITDA forecast on
Shares of Sarepta Therapeutics soared more than 50 percent Tuesday after the company presented preliminary data for its experimental treatment for patients with Duchenne muscular dystrophy. The rare genetic disease causes muscle wasting and can be fatal before patients turn 30. Symptoms usually start in early childhood, usually between 3 and 5 years old. It
The combined wealth of the world’s millionaires rose for a sixth straight year and topped $70 trillion for the first time ever in 2017 thanks to an improving global economy and strong stock market performance, according to a new report released Tuesday. The world’s millionaires saw their wealth grow 10.6 percent to a record $70.2
Credit scores greatly impact a consumer’s financial moves — and how much they’ll pay along the way — yet many don’t even know how the rating works. Around 40 percent believe, incorrectly, that age and marital status play a role in their three-digit score, according to the Consumer Federation of America’s credit card survey, which
Martin Dimitrov | Getty Images A whopping 87 percent of millennials say they have been broke in the past or are currently broke, according to a survey by CreditLoan. Most people feel like an adult at age 18, but these days they might not become financially independent until almost a decade later. In fact, more
Jill Brady | Portland Press Herald | Getty Images If a student invested $1,300 in Netflix stock in 2014, after three years they would have $4,527. Are you a student and think investing is something that only people with full-time jobs can do? Well, think again. “If you have enough cash to leave a 10-buck
Because of this, financial advisors generally recommend that you hold off on claiming as long as you can. Admittedly, that can be a gamble. “You’re always betting you’ll live longer and get more money,” said Geri Eisenman Pell, CEO of Pell Wealth Partners at Ameriprise Financial. “The government is asking us to make a calculated
The most common way financial assets are forgotten, and then “escheated” by the state, is by not organizing your financial affairs and leaving investment accounts at multiple financial institutions. Escheat occurs when unclaimed financial assets, such as those in a bank or investment account, have been dormant for a long period of time. These assets
Joining the Queen and her family in the royal enclosure will be the rich and famous from around the world. Transporting them to the festival in style will be 400 helicopters and a thousand limousines. To feed everyone during the event, organizers have ordered 11,000 pounds of salmon, 5,000 Angus steaks and 5,300 pounds of
Every currency in the world — from the U.S. dollar to the Chinese yuan — will have its own cryptocurrency version, the CEO of fintech firm Circle said. “Our view is that all fiat currency will be crypto,” Jeremy Allaire, who co-founded Circle in 2013, told CNBC in an interview on Monday. “It seems inevitable
Anthony Kwan | Bloomberg | Getty Images Signage for Xiaomi Corp. is illuminated inside one of the company’s stores in Hong Kong, China. China’s Xiaomi Corp said on Tuesday it will postpone its mainland share offering until after it completes its listing in Hong Kong. Xiaomi said it would submit an application to China’s securities
Giulia Marchi | Bloomberg | Getty Images Signage is displayed at the ZTE headquarters in Shenzhen, China, on Monday, June 4, 2018. The Senate easily passed a military funding bill that would reimpose sanctions on Chinese telecommunications company ZTE, challenging a controversial deal negotiated by the Trump administration to save the company from possible bankruptcy.
FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Tesla continues to struggle with controversy. Over the weekend, actress Mary McCormack shared a video of her husband’s Tesla car on fire in Southern California. On
President Donald Trump declared Monday he will move to make a new branch of the military focused solely on space. “I am hereby directing the Department of Defense and Pentagon to immediately begin the process necessary to establish a space force as the sixth branch of the armed forces,” Trump said during a meeting of
Payment company Square got the green light from regulators Monday allowing New Yorkers to trade cryptocurrency on the rapidly growing Cash app. While Square launched crypto trading through its payments app in late January, that feature had been unavailable in New York. “That was one of the missing pieces in their puzzle,” Nomura Instinet analyst
Consumers can use credit cards to pay for nearly everything, everywhere these days. But just because you can doesn’t mean you necessarily should, says credit reporting agency Experian. Outstanding credit card debt recently hit its highest point ever, surpassing $1 trillion in 2017, according to the Federal Reserve. And 86 percent of Americans who have
President Donald Trump‘s administration has been in a tit-for-tat battle of tariff threats with multiple U.S. trading partners, particularly China. In addition, Trump has threatened to pull out of multinational trade agreements like NAFTA, and has slapped tariffs on imported steel and aluminum. One of the most glaring declines has come from Russia, which sliced
The company’s shares closed down 3.4 percent on Monday. Richard reduced his price target for Intel shares to $45 from $53, representing 18 percent downside to Friday’s close. The analyst predicts Intel’s sales growth in its data center segment will peak at 25 percent in its second quarter, then drop to 20 percent in its
Our radio producer Joel has turned his commute into cash with the Wrapify app! Wrapify is a company that pays you to wrap your car in advertising for their clients. The Wrapify app matches you to ad campaigns based on your driving patterns. Joel explained the steps: Download the Wrapify app and set up your
Get rid of really bad debt If you have credit card debt, aim to get it paid off as soon as possible. “Credit card debt is really an issue for many people,” Dougherty said. “It’s a pure cost, and it can be a high cost. And it’s a big impediment to being able to save.”
Predictably, 90 percent of people plan to age in their homes, according to data from AARP. However, planning where to live as a retiree entails considering not just the actual location of where you’ll hang your hat but also factoring in the financial, social and physical ramifications of your decision. Wanting to age at home
Many investors who are just starting out grapple with a four-letter word: debt. If that’s you, you want to watch the interest that you are paying on your credit cards and student loans. If the money you are charged for using your credit card gets too expensive, shop around for a better deal. Also take
Sergio Ermotti, CEO at Swiss financial services giant UBS Group, said Monday he’s concerned that trade threats between the United States and China could “get out of control.” Wealthy investors are holding more cash just in case of a full-blown trade war, Ermotti told CNBC’s Michelle Caruso-Cabrera in an interview that aired on “Squawk Box.”
Whether you should continue to use taxable account assets to pay those IRA costs will depend on two things: your account’s growth and your time horizon, said Jeffrey Levine, CEO and director of financial planning at BluePrint Wealth Alliance in Garden City, New York. “The greater the growth in the IRA and the longer the
Andrew Harrer | Bloomberg | Getty Images Customers move a cart full of water through a BJ’s Wholesale Club Inc. store in Falls Church, Virginia. BJ’s Wholesale Club expects its initial public offering to be priced between $15 and $17 per share, giving the warehouse club operator a market capitalization of up to $2.15 billion.
Employee resource groups or inclusion committees can provide an excellent way of educating colleagues and advancing your company’s diversity agenda, said Gebauer. Increasingly, companies are putting those kinds of networks in place. If your workplace doesn’t have one to suit you, Gebauer suggested collaborating with HR to create one, noting that such groups are most
- 1
- 2
- 3
- …
- 10
- Next Page »