The rally in shares in Moderna Inc. jumped through news late Tuesday that the U.S. government ordered 100 million doses of its COVID-19 vaccine candidate on Wednesday as analysts waited for what the order meant for prices. Modern MRNA, + 1.94% is widely regarded as a front-runner in the race …
Read More »Warren Buffett said this metric signaled the 2001 crash – now sounding the alarm on global markets
Warren Buffett once wrote that investors would have seen the dot-com crash from a mile away if they had paid attention to what he described in a 2001 Fortune article as “probably the best single measure of where valuations at any given moment stand. “ Known in investment circles as …
Read More »Consumer prices jump again in July, handball recovers from pandemic declines, but inflation remains low
The numbers: The cost of many goods and services such as gas, cars, clothing and aircraft elevation rose in July in a rebound of pandemic lows, but inflation is still barely visible in the wake of a recession caused by coronavirus, which putting the demand too much into the whole …
Read More »The professor who developed the indicator for inverted yield curve now advises when is the right time to rebalance a portfolio of 60/40
Campbell Harvey, a professor of finance at Duke University, is best known for developing the Recession Curve Indicator, known for its sterling record in predicting downturns. In a new paper he co-authored with Edward Hoyle, Sandy Rattray and Otto van Hemert of hedge fund giant Man Group, Harvey points to …
Read More »Nio’s stock bounces after JP Morgan analyst raises target, but expects ‘pullback’ in the long run
Shares of Nio Inc. NIO, -1.41% jumped 2.7% in prime trading Wednesday after JP Morgan analyst Nick Lai raised its share price target to $ 14 from $ 11, saying he believes demand for new energy form (NEV) in China could accelerate. Meanwhile, Lai kept his assessment neutral, saying he …
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