Momentum traders appear to be on the wrong side on all their crucial bets
It’s been a difficult few months for the trend followers. Source link...
MARKET
Thoughtworks’ stock rallies after announcing $1.75 billion takeover deal
Shares of the Chicago-based computer-services company notched double-digit gains despite broad market weakness. Source link...
Tyson Foods cites ‘positive turnaround’ as it beats analyst estimates for profit and revenue
CEO Donnie King said the company’s “disciplined actions and focus on the fundamentals have resulted in a positive turnaround of our business.” Source link...
Actinium Pharma’s stock craters after FDA says Phase 3 trial of leukemia treatment not enough for BLA
The stock of biotech Actinium Pharmaceutics Inc. tumbled 65% early Monday, after the Food and Drug Administration said a late-stage trial of its Iomab-B leukemia treatment is not enough to support a request for approval. Source link...
Oil prices sharply lower as global stock-market rout sparks selling
Oil futures were sharply lower to begin the week on Monday, pulled down by a continued rout in global equity markets sparked by fears the U.S. economy may be heading toward recession. Source link...
BioNTech’s stock slides 3.4% after earnings fall short of estimates amid shrinking COVID-vaccine sales
The company said it has started commercializing variant-adapted COVID vaccines for the coming season, and is also building on development efforts for other drug candidates. Source link...
‘She’s now down to her last few dollars’: My friend quit her job, blew her inheritance and will take vacations using credit cards. Will she ever see sense?
“She has over $70,000 in her retirement fund, but says that’s for emergencies.” Source link...
New Orleans Saints QB Derek Carr is selling his Vegas mansion for $9 million, and it’s like a private resort
If you’re looking for a luxurious Sin City home that doubles as the ultimate piece of sports memorabilia, we’ve found the place for you. Source link...
Jennifer Lopez just sold this elegant Manhattan penthouse for $23 million
The two-level penthouse has an enviable terrace with views of Madison Square Park. Source link...
Recession fears rattle U.S. stock market. Can Wall Street’s ‘Great Rotation’ trade roll on?
Fears of a looming U.S. recession spurred a massive stock-market selloff last week. Investors wonder if now is the right time to snap up defensive sectors of the market if Wall Street’s “Great Rotation” trade still rolls on. Source link...
