In a Wednesday update to an earlier report, Probes Reporter dug into the potential impact of the ongoing multi-agency investigation of Mallinckrodt PLC MNK 7.95%’s Questcor Pharmaceuticals. The potential impact of the investigations is at the forefront of investors’ minds following the massive 51.4 percent sell-off in Valeant Pharmaceuticals Intl Inc VRX 7.41% on Tuesday.…
Peabody Energy Corporation BTU 1.6% shares are down 43.6 percent in Wednesday’s trading session after a new filing from the company disclosed that it may not be able to avoid bankruptcy.
A Reddit poster recently asked if financial professionals regretted their decision to work in the industry.
The NAHB Housing Market Index number for March came in at 58 today, slightly below consensus expectations of 59.
The market isn’t expecting any drastic changes to U.S. monetary policy this week from the FOMC. Even if the Fed decides not to raise interest rates, the outlook for U.S. monetary policy and European monetary policy continues to diverge. Just last week, Europe cut its main interest rate to 0 percent, while the Federal Reserve’s…
As the Millennial generation piles into the workforce, their financial habits will continue to mold the business world around us. Companies are already fighting to win over the youngest demographic of spenders, and a new report by iQuantifi sheds some light on how Millennials are handling their money.
Valeant Pharmaceuticals Intl Inc VRX 8.59%‘s 50 percent plunge on Tuesday is also sparking a selloff in another drug company that Citron’s Andrew Left says is the “poster child” for price gouging: Mallinckrodt PLC MNK 2.41%.
Longbow Research has initiated coverage on top mattress stocks Tempur Sealy International Inc TPX 2.24%, Mattress Firm Holding Corp MFRM 1.15% and Select Comfort Corp. SCSS 4.97%. According to analyst Mark Rupe, Tempur Sealy is the clear winner of the group.
In a new report, UBS analyst Joni Teves takes a look at the impact that the FOMC could have on gold prices. According to Teves, a pullback in gold prices could be healthy for the market.
In a new report, Morgan Stanley analyst Menno Sanderse suggests that leading global iron ore producers borrow a page out of OPEC’s book to stimulate a recovery in prices by 2018. However, this strategy would lead to multiple years of price weakness in the short-term.