BOTHELL, Wash., April 06, 2016 (GLOBE NEWSWIRE) — Alder BioPharmaceuticals, Inc. (NASDAQ:ALDR) , a clinical-stage biopharmaceutical company, announced today that it intends to offer and sell, subject to market and other conditions, $100 million of its common stock in an underwritten public offering. In connection with this offering, Alder expects to grant the underwriters a…
Our benchmark S&P 500 erased yesterday’s entire -1.01% slump, the worst selloff in 19 sessions, with today’s 1.05% gain. The index, however, is still down 0.30% for the week at the close of the mid-week session. The S&P 500 rallied at the open, gave back some of the gains with the 2 PM ET release…
The China Labour Bulletin website provides maps displaying incidents of labour strikes that have occurred in recent years. While of course these should be viewed with a hefty grain of salt, they may be worth scrutinizing all the same. This image below shows the number of strikes in general that have occurred since 2011; as you can…
A few weeks back, on March 18, the Japanese government bond market was hit with a “buying panic” of some noteworthy proportion. Yields all across the curve dropped, which takes some doing since yields were already at that point mostly negative. Common sense forces any sane person to wonder if sanity itself remains relevant to global…
“What good is it, brethren, if someone claims to have faith but does not perform acts of love? Can this kind of faith save them? If a brother or sister is poorly clothed and lacks food, and one of you says to them, ‘Go with God, keep warm and eat well,’ but do not help them at…
Trading dollars for euros, Yen, Icelandic króna, or any other currencies typically involves hefty conversion fees. Those fees soar at airport currency exchange counters. A new Goldman-Barclays app that uses the Bitcoin blockchain algorithm may reduce or eliminate those exchange fees. When that happens, currency exchange counters, now common all over Europe will soon vanish….
Don’t look now, but we are seeing some decent signs of a recovery in the Energy sector and commodities more generally. Crude prices jumped today on news of a diminishing US stockpile. Of course, given the fact that last week saw news that the glut of crude within the US was at its highest level…
We had nearly a 5 Million drawdown in Oil Inventories during what is technically still the building season for oil stocks. (Video length 00:14:35)
What happens when the four most dangerous words in the investment language applies to two diametrically opposed viewpoints? Something’s gotta give. The Wall Street axiom “Don’t fight the Fed” has served investors and traders well for decades. To go against this advisory phrase is to implicitly say “this time is different”. Valuation history tells that…
“If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.” –Jim Rohn A solid day indeed. Monday I showed the trend we’ve had for a while now of early week weakness followed by strength to close the week out…
