Category Archive: Finance
IMF Plays With Matches, Greece Gets Burned
When the European phase of the debt crisis erupted, involving the IMF was controversial. However, its money, expertise, and credibility carried the day. It became integral to the aid efforts within the monetary union. It has reportedly signaled it does not want to participate in additional efforts to assist Greece. There have been […]
Tuesday Pre-Market Insights: THLD, PLL, AOL, CALL
Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) increased more than 26% in pre-market trading to $4.76 after the pharmaceutical company announced that TH-302 received FDA fast-track designation. The pancreatic cancer drug is being produced in partnership with Merck. Pall Corporation (NYSE:PLL) rose 20% to $119.17 per share following news that potential buyers are looking to buy the company. The water-filtration producer […]
Greek Payment Of $836M Down To The Wire
In what is considered a surprise move, Greece managed to pull off the unexpected Monday. Cutting it down to the wire, it managed to pay the International Monetary Fund close to 750 million euros ($836 million), a portion of its outstanding debt. Athens has been in limbo for months and it was doubtful that it […]
Tricky Tuesday – Treasury Yields Take Off
Another tricky day! Investors are selling their bonds all around the World and that’s forcing yields higher despite the best efforts of the Central Banksters to keep them in check. The US has $100Bn worth of TBills to sell this week and we’ll see what prices we get but the real danger is, of course, […]
Morning Call For May 12, 2015
OVERNIGHT MARKETS AND NEWS June E-mini S&Ps (ESM15 -0.83%) this morning are down -0.70% and European stocks are down -1.82% as a rout in global government bond markets undercuts equity prices. Stocks bounced from their worst levels on increased M&A activity after Verizon said it will buy AOL for $4.4 billion. The 10-year German bund yield jumped 10 bp to […]
The Fed’s Labor Market Conditions Index Close To 3-Year Low
US payrolls bounced back in April, rising a solid 223,000 after March’s dismal gain of just 85,000. The news cheered the crowd and renewed faith in the case for macro optimism. But if the second-quarter is on the path of recovery after a rough winter, it’s not obvious in the Federal Reserve’s 19-factor Labor Market Conditions […]
Analysts Are Positive On Intercept Pharmaceuticals, Inc. Following Quarterly Earnings And Pipeline Update
On May 11, Intercept Pharmaceuticals (NASDAQ: ICPT) reported first quarter earnings for 2015. The biopharmaceutical company does not yet have any approved products in its portfolio but is working on gaining approval for its lead candidate, OCA. Highlights from the company’s quarterly report included a net loss of $39.4 million, or a loss of $(1.78) per […]
Goldman Prepares For Grand Entry Into The ETF World
The ETF industry has been taking giant strides since last year with many issuers launching products with varied themes, while several others making inroads into the field. And if 2014 turned out a historic year for the ETF industry with assets hitting the $2 trillion (approximately) mark and over 180 ETFs being rolled out, 2015 […]
Picasso Painting Sells For Record $180 Million In Christie’s Auction
If the Fed’s bubble busting team led by Stanley Fischer was looking for runaway inflation, it could have easily found it earlier today without any particular effort, only not in the usual CPI place, but in the price of Women of Algiers (Version O), a “vibrant, multi-hued painting” from Pablo Picasso which moments ago became the […]
