Mylan’s stock bounced back in midday trading Wednesday from lower-than-expected second quarter earnings after the company’s management said its generic drug Advair is not being delayed by further FDA-required studies. After shares of the drug-maker dropped as far as 8 percent in premarket trading, Mylan’s CEO Heather Bresch clarified on a call with investors that
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The company also announced that it will no longer stream its movies on Netflix starting in 2019. Disney instead plans to launch in 2019 a direct-to-consumer streaming service, which will host its films exclusively. In a Tuesday interview with CNBC’s Julia Boorstin on “Closing Bell,” Iger said that Disney has “no plans” to pull Marvel
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When I advise my clients about their retirement, I can’t just focus on asking them, “How much are you saving?” or “Do you think you are conservative or aggressive?” These are questions to be addressed. However, a couple’s retirement is dependent on a few other financial disciplines that are interconnected with retirement planning to flesh
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Elon Musk’s car company Tesla appears to be leading the “arms race” for lithium-ion batteries — for now. Musk recently announced plans to build the world’s biggest lithium-ion battery storage project in South Australia. Meanwhile, construction of the company’s highly anticipated 35-gigawatt-hour (GWh) “Gigafactory 1” is still underway. “There’s a kind of arms race on
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Deciding not to expect repayment can reduce your anxiety. You still might second-guess your decision, especially if you have to come to terms with forfeiting a needed purchase or valued activity, or even delaying retirement, as you watch the funds vanish. Requests for financial help from family members can sabotage personal finances and emotional well-being.
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Gold spot prices have managed to increase this year to $1,268.36, up about 10 percent year to date. This price rise may have weighed on investor demand for gold-backed ETFs, according to the World Gold Council report. “This led to some investors taking a more cautious approach, reluctant to build positions after a strong price
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Akbar said they are looking for pockets of value within equity markets, so are rotating out of sectors such as technology and into areas which have underperformed, as the current environment of global growth will provide these areas with support. They are considering areas such as energy and basic materials. Newsome also suggested some sectors
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Tesla posted a narrower-than-expected second-quarter loss Wednesday, boosted by revenue that nearly doubled. The strong revenue was driven by deliveries of its Model S sedans and Model X SUVs, helping to relieve investor concerns that the upcoming Model 3 was cannibalizing sales of its higher-end models. Here’s how the company did compared to what Wall
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The Wall Street Journal first reported news of the agreement Tuesday. “We very much look forward to responding to the growing interest in cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange,” CBOE Holdings Chairman and CEO Ed Tilly said in a release. CBOE Holdings’ other subsidiaries include the Bats exchanges.
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Democrats are calling for harsh new punishments on companies that outsource jobs and a crackdown on currency manipulation, embracing a more populist economic agenda as they seek to win back control of Congress in next year’s midterm elections. Senate Minority Leader Chuck Schumer of New York announced the plan Wednesday morning with fellow party Rust
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Dealing with crippling student debt is not on anyone’s post-grad wish list— yet it’s a reality many people face. Student debt has skyrocketed more than 256 percent from 2004 to 2015, according to a recent analysis from ValuePenguin. Outstanding college-loan balances at the end of the first quarter of 2017 totaled $1.34 trillion, according to
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If consumers are holding out for the next iPhone, they’ve still been spending plenty of money at Apple Stores in the meantime. Shares were set to open at a record high Wednesday, with a market capitalization of over $830 billion, after the iPhone maker reported better-than-expected earnings. The stock climbed more than 6 percent in
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Without initiative or proper guidance, many of us never learn about fundamental retirement-planning steps until we’ve already made a mistake. Here’s a list of the top seven mistakes that hurt your chances to achieve financial security in retirement. 1. Assuming we should plan to retire Rocking chairs, sunsets, golf and a sailboat. If you watch
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