As the stock market rotates between positive and negative territory, Rite Aid (RAD) – Get report the shares were firmly in the green. The stock rose 20% on Thursday after its quarterly results. Rite Aid is reaching its highest price since the end of April, and at one point rose …
Read More »Banks soar after FDIC relaxes key Volcker Rule restrictions
Many banks and brokerage houses were using their own company’s money to invest in derivatives, such as mortgage-backed securities and other complex financial instruments. The eventual collapse of the subprime mortgage market (loans to borrowers with poor credit histories) created a ripple effect that led to the collapse of Bear …
Read More »Why is there so much drama about when to claim Social Security?
No wonder there is such wide disagreement about the optimal age to start receiving Social Security. The seemingly trivial differences in the way you ask the question lead to dramatically different answers. You’ll get an answer if you frame the problem in terms of how long future retirees must live …
Read More »Vaccine maker ETF rises to Trump’s positive proclamation
Vaccine makers were climbing during Thursday’s volatile market session when investors took President Trump’s bullish proclamation on Wednesday that a vaccine to treat COVID-19 is closer than many expected to hear. Inovio Pharmaceuticals (INO) – Get report jumped more than 17% on Thursday, while Sorrento (SRNE) – Get report Almost …
Read More »Moderna and Catalent in an agreement to pack the Covid vaccine
Modern (MRNA) – Get report and catalent (CTLT) – Get report unveiled a joint effort to free the Moderna coronavirus vaccine candidate this quarter. Medication supply specialist Catalent will provide vial filling and packaging services for the coronavirus vaccine candidate mRNA-1273 from drug maker Moderna, the companies said. The agreement …
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