What happened Actions of Inovio Pharmaceuticals (NASDAQ: INO) It declined Friday after investment bank Stifel lowered its rating on biotech stocks. And that Stifel analyst Stephen Willey downgraded his buy-to-hold Inovio stock. Willey believes that after the stock’s incredible gains in 2020 (the stock is up a staggering 797% so …
Read More »Scientists see a flash of light from colliding black holes. But how?
Black holes are not supposed to flash light. It’s right there in the name: black holes. Even when they collide with each other, massive objects are supposed to be invisible to astronomers’ traditional instruments. But when scientists spotted a black hole collision last year, they also saw a strange flash …
Read More »Are your bank’s stock dividends safe? Stress test results put pressure on future payments
(Update story with comments from James Shanahan, financial services analyst at Edward Jones.) The Federal Reserve on Thursday announced the results of its annual stress tests for 33 large US banks and US subsidiaries of foreign banks. Since the Fed’s “severely adverse scenario” for stress testing was designed in February, …
Read More »New York Police Commander leaves Bronx compound for the last time after retiring in protest
The chief of the New York police constituency who withdrew in protest this week criticized politicians for wanting to “vilify” police officers during a scandalous final strike celebration at his Bronx station home on Friday. Deputy Inspector Richard Brea got into a restored classic police car around 3 p.m. after …
Read More »Jazz-Pelicans, Lakers-Clippers to reopen NBA season on July 30
The NBA released its schedule for the remainder of the 2020 regular season beginning July 30 in Orlando. The season will resume with a doubleheader on Friday with the Jazz vs. the Pelicans and the Lakers vs. the Clippers. All regular season games will take place between July 30 and …
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