Interest rates at FDIC-insured banks remain at an all-time low. I've tracked rates for more than a decade on sites such as Magnify Money and Consumerism Commentary. Back in the day rates of 5.00% or more were common. It may take us years to get back to those levels.
Welcome to the latest issue of the PRO Weekly Digest. Every Saturday for Seeking Alpha PRO subscribers and Sunday for all other Seeking Alpha users, we publish highlights from our PRO coverage as well as feature interviews and other notable goings-on with SA PRO. Comment below or email us at pro-editors at seekingalpha.com to let us know what you think. Find past editions here.
Warren Buffett’s Berkshire Hathaway (BRK.B) is falling out of love with Walmart Stores (WMT, $68.87). It sold the majority of its holdings in the world’s largest retailer last year. In the final three months of 2016 alone, according to Berkshires latest 13-F filing with the Securities and Exchange Commission, Buffett trimmed his Walmart holdings to 1.4 million shares from 13 million....More>>>
When Valeant Pharmaceuticals International (VRX)finally released its 10-K last month, one of the takeaways was that there were no new investigations that were disclosed in the filing. Today, however, we learned that the existing investigations might be more problematic than originally thought.
The Wall Street Journal quoted the SEC as writing that it was “concerned with your overall....More>>>
Clinical-stage urological treatment company UroGen Pharma (Pending:URGN) has finalized proposed terms for its IPO, aiming to sell 3.46 million shares of common stock at a midpoint price of $13.00 per share.
The company is developing a potentially improved method to deliver bladder cancer and overactive bladder treatments.
Bank executive, philanthropist and oil fortune heir David Rockefeller died Monday morning. He was 101.
Rockefeller, the grandson of Standard Oil founder John D. Rockefeller Sr. and a former chairman and CEO of The Chase Manhattan Bank, died in his sleep of congestive heart failure, a family spokesman, Fraser Seitel, said.
“Today the world has lost a great man and philanthropist,....More>>>
August 30, 2016: Markets opened slightly higher Tuesday but equities dipped below the break-even line early and stayed there the rest of the day. The only sector trading higher late in the day was financials, with the telecom and consumer discretionary sectors leading the losers. Investors and traders likely have their eyes set on Friday’s report on non-farm payrolls. WTI crude oil for October....More>>>
Why do some companies’ shares trade at $100 or more each while others trade at substantially less? There are many factors that contribute to the price of a stock, the most important being the number of shares outstanding. After all, the share price multiplied by the number of shares available determines a company’s market cap, which is the true price at which the market values....More>>>
bluebird bio, (NASDAQ:BLUE) is one of the oncology immunotherapy stocks I mentioned recently as worth a good look, (article titled ‘Immunotherapy Over Reaction’, a basic primer to the immunotherapy subsector and its ETF). BLUE is also a recent Cramer pick. Immunotherapy stocks have been hit hard over the summer but BLUE is a relatively highly valued genetic specialist, with some interesting....More>>>
More Valeant Pharmaceuticals news broke late yesterday (Tuesday) when the company announced that it’s in advanced talks to sell one of its key drugs.
According to The Wall Street Journal, Valeant is trying to sell its stomach drug business. The buyer is reportedly Takeda Pharmaceutical Co. The price tag is $10 billion. The purchase would include about $8.5 billion in cash and future....More>>>
Deutsche Bank’sGregg Gilbert andGreg Fraser cut their price target on Valeant Pharmaceuticals International (VRX) to $24 from $29, but say they “like the set-up for the stock in the short-term.” They explain why:
We re-vamped our model to reflect Valeant’s new segment structure. We lowered our estimates to reflect the challenges that management expects in 2017 as well....More>>>
Shares of online auction site eBay, Inc (EBAY) have been range-bound ever since the company spun off its payment platform PayPal Holdings, Inc. (PYPL) into a separate entity. Ahead of eBay’s first quarter earnings results Tuesday, investors want reasons to bet on the company long term. And so far, eBay hasn’t shown any signs that it’s worth any bids.
Ive finished filing my taxes, and Id love to clean out my files. What tax records can I toss and what do I need to keep?
See Also: Smart Steps to Get Ahead of Your 2016 Tax Return
The IRS generally has three years after the tax-filing deadline to initiate an audit, so you should keep your returns and supporting documents at least for tax years 2013 through 2015. But most tax experts....More>>>
The NASDAQ Composite keeps on going from strength to strength. Recently, we saw the big three -- Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), and Microsoft (NASDAQ:MSFT) -- report very strong earnings, which resulted in strong spikes in their respective share prices. Over time, this should onl
Futures are indicating a break in the rally as investors take stock of how quickly we’ve seen the rally lift stocks. From a technical perspective, the market remains in an overall trading range as we’ve not seen a technical catalyst that can sustain a trend higher in the S&P
No matter what Nutanix (NASDAQ:NTNX) does, it just can't seem to win back the favor of the markets. In the aftermath of a strong beat-and-raise quarter that ended a stellar fiscal year for Nutanix, the market shrugged off the stock, keeping it flat at a bargain price of $22.
On September 1st, Roku filed a prospectus with the SEC, planning to list on the NASDAQ under the ticker ROKU. Roku pioneered streaming to the television through a device that used the internet. As of June 30th, Roku has 15.1 million active accounts. In th