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Stocks

“2 Soaring Growth Stocks That Could Climb Another 47% to 73%, According to Wall Street”

“Shares of Viking Therapeutics (NASDAQ: VKTX) are up about 275% in 2023, but analysts on Wall Street think it isn’t finished climbing yet. The consensus price target on the clinical-stage biotech stock suggests a 47% gain could be up ahead…. Shares of Iovance Biotherapeutics (NASDAQ: IOVA) have more… Continue Reading…

Economy

“47% of parents still financially support adult children, study finds. Here’s how much they spend”

“…In addition to soaring food and housing costs, millennials and Generation Z face other financial challenges their parents did not at that age. Not only are their wages lower than their parents’ earnings when they were in their 20s and 30s, after adjusting for inflation, but they are also… Continue Reading…

Business

“Karuna Therapeutics surges 47% after Bristol Myers Squibb announces $14 billion deal”

“Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock closed up more than 47% on the news Friday, hitting $317.85 a share. Bristol Myers Squibb shares closed up 2%…”… Continue Reading…

Business, Economy

“U.S. tap water has a $47 billion forever chemicals problem”

“The U.S. Environmental Protection Agency is adding some “forever chemicals” to the list of toxins in drinking water that must be reported. That is going to require a lot of infrastructure investment… About 300 million people in the U.S. receive… Continue Reading…

Business

“‘The Marvels’ has the worst opening weekend ever for any MCU film at $47 million”

“…Initial predictions saw the film opening at between $75 million and $80 million domestically, but those figures shrunk to a range between $60 million and $65 million ahead of Friday’s opening. Internationally, “The Marvels” garnered $63.3 million in ticket sales,… Continue Reading…

Business, Stocks

“WeWork, once valued at $47 billion, files for bankruptcy”

“…The bankruptcy filing is limited to WeWork’s locations in the U.S. and Canada, the company said in a press release. WeWork reported liabilities ranging from $10 billion to $50 billion, according to an initial filing… WeWork shares had fallen to… Continue Reading…

Banking, Real Estate

“US lenders are starting to go bankrupt with new mortgages down 47%…” 

“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…

Real Estate

“With new mortgages down 47%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008?”

“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…

Stocks

“MicroVision soars 47%, leading ‘meme stocks’ higher”

“Shares of laser-developer MicroVision Inc jumped 47% on Monday and other Reddit favorites rallied, suggesting that interest in so-called meme stocks remains strong after a wild ride this year. MicroVision, which develops laser scanning technology for automotive lidar sensors and… Continue Reading…

Economy

“Average LA County gas price rises for 47th time in 48 days”

“The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Monday for the 27th consecutive day and 47th time in 48 days, increasing a half-cent to $3.813, its highest amount since Dec. 3, 2019. The… Continue Reading…