Biotech’s shares tumble after it says SEC is looking into possible manipulation

Biotech’s shares tumble after it says SEC is looking into possible manipulation

A biotech company that makes a product to repair skin loss said Monday it is under investigation by the Securities and Exchange Commission, which sent a subpoena earlier this month and opened an investigation into its public disclosures and ownership. Shares of Salt Lake City-based PolarityTE closed down more than 15 percent on the disclosure.…
Facebook stock has worst day of 2019 after executive exodus, AG investigations and analyst downgrade

Facebook stock has worst day of 2019 after executive exodus, AG investigations and analyst...

Andrew Harrer | Bloomberg | Getty Images Sheryl Sandberg, chief operating officer of Facebook Inc., left, listens during a Senate Intelligence Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 5, 2018. Facebook shares had their worst day of the year on Monday, closing down 3.3 percent and extending last week's losses. The drop came…
Warner Bros. CEO Kevin Tsujihara ousted after sexual misconduct allegations

Warner Bros. CEO Kevin Tsujihara ousted after sexual misconduct allegations

Ratner was accused of sexual misconduct in 2017 by several women, which he denied. Warner Bros. cut ties with him and his company in 2018. WarnerMedia, which is owned by AT&T, said it is continuing to work with a third-party law firm to complete its investigation with Tsujihara's cooperation. Tsuijhara, 54, had been with the…
Jamie Dimon says we’ve split the US economy, leaving the poor behind

Jamie Dimon says we’ve split the US economy, leaving the poor behind

Christopher Morin | Bloomberg | Getty Images Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. J.P. Morgan Chase CEO Jamie Dimon said that the U.S. economy has essentially been split into…
Here’s who stands to get rich from Lyft’s IPO

Here’s who stands to get rich from Lyft’s IPO

Lyft is poised to rake in as much as $2 billion when it debuts on the public markets later this month, and its major stakeholders are set to get rich. The company plans to sell roughly 30 million class A shares at between $62 and $68 a piece, valuing the ride-hailing firm at up to…
Homebuilder sentiment holds steady despite a decline in mortgage rates

Homebuilder sentiment holds steady despite a decline in mortgage rates

The nation's homebuilders are feeling positive about their business, but not as much as they did a year ago. A monthly sentiment measure held steady at 62 from February to March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index stood at 70 in March 2018. Anything above 50 is…
Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019

Credit Suisse raises S&P 500 forecast, sees 20% gain for 2019

Underneath the stock market's epic rebound has been a "more favorable" trend that Credit Suisse says will drive the market higher. The bank dialed up its year-end forecast for the S&P 500 to $3,025 from $2,925 previously. The new forecast calls for a gain of more than 20 percent for the full year 2019 or…
Apple unveils new iPad Air and iPad mini ahead of video streaming announcement

Apple unveils new iPad Air and iPad mini ahead of video streaming announcement

The iPad models have each gotten a camera boost, with improved low-light performance and advanced sensors for augmented reality experiences. Both models will also work faster and longer, will enhanced performance and longer battery life. Apple is also keeping its standard 9.7-inch iPad in its tablet lineup. It keeps the same $329 starting price introduced…
Stocks making the biggest moves premarket: Deutsche Bank, Boeing, Amazon, Apple & more

Stocks making the biggest moves premarket: Deutsche Bank, Boeing, Amazon, Apple & more

Check out the companies making headlines before the bell: Deutsche Bank — Deutsche Bank and rival German bank Commerzbank confirmed that they are in merger talks, although both said a deal was not assured. Caesars Entertainment — Caesars and Eldorado Resorts are in the early stages of exploring a merger, according to Reuters. Investor Carl…
‘It is impossible’ for US-Russia relations to improve while sanctions are in place, Deripaska says

‘It is impossible’ for US-Russia relations to improve while sanctions are in place, Deripaska...

Deripaska told CNBC that both countries are prepared to spend trillions of dollars on defense despite that more than half of such an expenditure was likely to be "unnecessary." When asked whether the prospect of a change of president in the U.S. next year might present an opportunity for improved ties between Washington and Moscow,…

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