Key Takeaways OxyContin maker Purdue Pharma has settled with the U.S. DOJ However, the company has insufficient assets to pay the full amount Numerous state and local government suits still proceed The Sackler family is under scrutiny for massive withdrawals Purdue Pharma LP has reached a $8.34 billion settlement with the U.S. Department of Justice
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Let’s cut straight to the chase. GrowGeneration (NASDAQ:GRWG) stock could be one of the best stocks to buy right now for huge gains in November and December. The logic is pretty simple. Pollsters and betting markets are saying that Joe Biden has a strong chance of winning the 2020 U.S. Presidential Election. His running mate,
JPMorgan’s Business Complete Banking service Source: JP Morgan JPMorgan Chase is making a play to sell more services to millions of American small business owners, pushing into an area pioneered by fintech firms including Square, PayPal and First Data, CNBC has learned. The bank is rolling out a checking account that is paired with a
There’s a good chance that many of our InvestorPlace readers won’t associate Eastman Kodak (NYSE:KODK) with, well, pretty much anything. To say the least, things have changed for Kodak stock. Source: Katherine Welles / Shutterstock.com One of the powerhouse names in the analog days, Kodak was tied to the camera industry. If I remember the
For months, income investors justified the investment in AT&T (NYSE:T) as low risk. AT&T stock paid a dividend of about 7% at $30. But in the last two months, selling pressure intensified and it shows no signs of reversing course. Source: Jonathan Weiss/Shutterstock Why is bearish selling picking up the pace for AT&T on the
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters The bond market appears to be waking up. After trading in a close range since June, Treasury yields are starting to break
“Make America Great Again?” If you’re a Biden fan or even if you’re not, the U.S. could be getting ever closer to that reality. And while a chorus of warnings for stocks comes with a new Commander in Chief, these three Democrat-backed, election stocks to buy stand to prosper and are ready for your portfolio
Whatever the outcome, the November presidential election promises to bring a period of uncertainty and volatility to the markets. However, equities are still your best long-term bet, two experts said on Tuesday at the CNBC Financial Advisor Summit, a day-long virtual conference for financial advisors. After hitting fresh highs even during the Covid-19 crisis, stocks
This should have been a bad time to own Walt Disney (NYSE:DIS). The global pandemic, the great cable cord cut, and the end of broadcasting as we know it should have all sent shares of Disney stock down. A rare quarterly loss, $2.61 per share, was announced in August. Another loss is expected when the company
Check out the companies making headlines after hours Tuesday. Netflix — shares slipped more than 6% after the company missed estimates for the third quarter. The streaming giant earned $1.74 per share compared with the $2.14 expected by analysts polled by Refinitiv. Revenue came in at $6.44 billion, which was ahead of the $6.38 billion
An index mutual fund is a type of fund that invests all, or nearly all, of its total assets in securities comprising its underlying index. Index funds use passive investment strategies and thus tend to have low turnover and low expense ratios. Funds that implement indexing strategies require less portfolio management and active trading, which minimizes
For most of the 2010s, Tesla (NASDAQ:TSLA) has been one of the market’s most polarizing battleground stocks. But, over the past year, this bull versus bear debate has become increasingly one-sided, as TSLA stock has soared more than 800% on the back of record demand, record deliveries, record revenues and record profits. Source: InvestorPlace Have
Mario Gabelli Scott Mlyn | CNBC Investor Mario Gabelli struck a positive note on Tuesday on the U.S. economy even as coronavirus cases in the country are on the rise. More than 8 million coronavirus cases have been confirmed in the U.S. alone, according to data from Johns Hopkins University. A CNBC analysis also found
Biotechnology penny stocks, such as Aptorum Group (NASDAQ:APM), have become highly popular. On Sept. 28, APM stock closed at $1.22. The next day, it hit an intraday high of $14.23, only to end the end day at $4.76. Now, the shares are hovering around $2.50. Source: Pavel Kapysh / Shutterstock.com Investors wonder if they should invest
Back in March, I produced an article recommending 10 stocks to buy for an income-generating portfolio. These were dividend stocks that didn’t just produce income; they also had an opportunity to deliver capital appreciation. How have they done? Not so well, I’m afraid. However, I’m confident that we’ll all be having a good laugh about
Would you talk differently if you knew a machine was listening to you and grading you based on what you were saying, or based on whether you were using positive or negative words, or even if the sound of your voice was optimistic or pessimistic? Apparently, Wall Street executives are talking differently. They are trying to
Noam Galai | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. IBM – Shares shed more than 6% after IBM’s third-quarter results showed a third straight quarter of declining revenue. The company earned an adjusted $2.58 per share for the quarter, which was in line with Street forecasts,
Searching for companies to invest in can be an interesting and challenging task using financial analysis. From the huge number of U.S. stocks publicly traded, stock screeners can help a lot to narrow down the list based on some investment criteria. For this article, the main investment criterion is mammoth growth in 2021. Growth in
Spencer Platt | Getty Images News | Getty Images The S&P 500 is up about 5% since the end of July, and that higher market historically would be a sign President Donald Trump will remain in the White House, if stocks hold their gains into the election. But strategists say the so-called stock market indicator
Investors eager to put money into Plug Power (NASDAQ:PLUG) stock are what a recent McKinsey report would refer to as supporters of the “ambitious scenario.” Before I explain what that scenario entails it’s pertinent to summarize why plug is garnering the attention that it has. Source: Alexander Kirch / Shutterstock.com Year-to-date, PLUG stock it has
Basel III—also referred to as the Third Basel Accord or Basel Standards—is a 2009 international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision, and risk management within the international banking sector. Basel III required that banks maintain proper leverage ratios and keep certain levels of reserve capital on hand.
Take a look at some of the biggest movers in the premarket: Concho Resources (CXO) – ConocoPhillips (COP) will buy its rival energy producer in an all-stock transaction valued at $9.7 billion. Concho shareholders will receive 1.46 ConocoPhillips shares for every share they now own. CNBC’s David Faber had reported last week that the two