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Stocks

Penny Stock: “Sienna Biopharmaceuticals Announces Successful Appeal of Nasdaq Delisting Notice”

“…Sienna Biopharmaceuticals, Inc. (SNNA) (the “Company”), a clinical-stage biopharmaceutical company, today announced that, on November 12, 2019, the Nasdaq Hearings Panel (the “Panel”) granted the Company’s request for continued listing on the Nasdaq Stock Market (“Nasdaq”), subject to certain conditions…” https://finance.yahoo.com/news/sienna-biopharmaceuticals-announces-successful-appeal-133000812.html… Continue Reading…

Stocks

“Uber stock hits a new low as lockup period ends”

“Uber shares hit a record low of $25.58 when the market opened Wednesday after hitting a previous low of $27.97 on Tuesday. Shares bounced back to nearly $27 per share, or 40% lower than its IPO price of $45…” https://www.cnn.com/2019/11/06/tech/uber-stock-lockup/index.html

Stocks

“Twitter stock tumbles 20% after company says advertising bugs weighing on earnings”

“Twitter Inc. shares were tanking in premarket trading Thursday after bugs in the company’s advertising platform led to misses across the board on its financial metrics, even as user growth proved more rapid than expected. The stock was off nearly… Continue Reading…

Business, Economy

“Workers celebrate deal with GM, show union power in industry”

“Details of the four-year pact weren’t released, but GM’s latest offer to end the monthlong strike included wage increases and lump-sum payments, top-notch health insurance at little cost to workers, promises of new products for many U.S. factories and a… Continue Reading…

Stocks

“DPW Holdings Announces One-for-Forty Reverse Stock Split”

“DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW” or the “Company”) announced that its Board of Directors has approved a one-for-forty reverse stock split of its Class A common stock (“Common Stock”) that will be effective in… Continue Reading…

Business

“Microsoft hits $1 trillion market cap after earnings beat estimates”

“Microsoft shares are trading near a record after rallying 34% over the past year. The stock climbed past $130.50 in extended trading, pushing the market cap over $1 trillion. Sales jumped 14% in the latest quarter, driven by the company’s… Continue Reading…

Business, Economy

“Monopoly power is growing across the developed world — and it’s hurting workers, IMF finds”

“Growing monopoly power is seen across the developed world, which could be a contributor to ills ranging from lackluster investment growth to growing income inequality, a new International Monetary Fund report finds. The IMF paper, released ahead of its World… Continue Reading…

Business, Economy, Stocks

Big Tech Companies To Be Broken Up? Anti-Trust Fight Begins

“Last month, Sen. Elizabeth Warren made headlines by releasing a plan to break up tech giants like Facebook, Google and Amazon… Americans for Prosperity, a political advocacy group backed by billionaire Charles Koch, is currently running a two-week long targeted… Continue Reading…

Stocks

“CBL & Associates Properties, Inc (CBL) projected to achieve -38.90% earnings growth for this year”

” CBL & Associates Properties, Inc (CBL) expected to achieve earnings per share (EPS) growth of -38.90% for this year while EPS growth projected to touch -50.00% for next year…” Wow, so I guess I can expect the stock to… Continue Reading…

Business, Investing, Stocks

Question: What Happens To Stock During Bankruptcy?

“…most companies (if given the choice) prefer Chapter 11 to other bankruptcy provisions such as Chapter 7 and Chapter 13, which cease company operations and lead to the total liquidation of assets to creditors. Filing for Chapter 11 gives companies one last… Continue Reading…