Author: News Room

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseHunter Biden pleaded guilty to an assortment of tax charges in California on Thursday, forestalling a criminal trial that threatened to air embarrassing information about US President Joe Biden’s son and the first family.Biden’s surprise plea in Los Angeles federal court came as jury selection was set to begin, and was unusual in that it was entered without an agreement with prosecutors. That means the president’s son will have no assurances about what sort of punishment prosecutors will seek…

I have highlighted Dynavax Technologies Corporation (DVAX) quite a bit over the past few years. The stock has been largely range bound over that time, despite the company continuing to take market share in its core market and the company moving towards profitability. Fortunately, the stock has been one of my favorite and successful “rinse, wash, and repeat” covered call trades over that time as well. The company reported second quarter results in August. Therefore, it seems a good time to check back in on this growing vaccine concern. An updated analysis follows below. Seeking Alpha Company Overview: Dynavax Technologies…

The Biden administration is denouncing Tucker Carlson after the far-right personality hosted a guest on his show this week who suggested the Holocaust happened by accident, calling the interview “a disgusting and sadistic insult to all Americans.” During Carlson’s two-hour sit-down with Darryl Cooper, a podcaster whom he said “may be the best and most honest popular historian in the United States,” Cooper claimed that Nazi Germany’s mass murder of Jews was an unintended consequence – something akin to poor planning instead of the methodical extermination that it actually was. British Prime Minister Winston Churchill, Cooper claimed, was the “chief…

Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings.Broadcom shares fell 7% in extended trading after guidance was in-line with expectations.Here is how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter that ended Aug. 4:Earnings per share: $1.24 adjusted vs. $1.20 expectedRevenue: $13.07 billion vs. $12.97 billion expectedBroadcom projects current-quarter revenue of $14 billion, versus $1.36 per share on $14.04 billion expected.Broadcom reported a net loss of $1.88 billion, or a loss of 40 cents per share, versus net income in the year-ago quarter of $6.12 billion, or $1.24 per…

Check out the companies making headlines in after-hours trading: DocuSign — The e-signature software company ticked up nearly 1% after posting a top- and bottom-line beat. DocuSign’s adjusted earnings of 97 cents per share for the second quarter exceeded analysts’ expectations of 80 cents per share, according to LSEG. DocuSign’s revenue of $736 million also beat estimates of $727 million for the quarter. Broadcom — The semiconductor company slipped about 6%. Broadcom said it sees $14 billion of revenue for the fiscal fourth quarter , while analysts called for $14.04 billion, per LSEG. In the fiscal third quarter, Broadcom reported…

Long-term mortgage rates remained unmoved this week while shorter notes fell some, but did little to spur on demand. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage held steady at 6.35%. The average rate on a 30-year loan was 7.12% a year ago. “Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report,” said Sam Khater, Freddie Mac’s chief economist. “Even though rates have come down over the summer, home sales have been lackluster.” Khater noted there has been an uptick…

There’s been a growing interest lately in phased retirement, as indicated by the results of several surveys. For example, more than half (52%) of pre-retirees wish to continue working in some way after they retire, according to The Retirement Outlook of the American Middle Class, a survey whose results were recently released by the Transamerica Center for Retirement Studies. However, phased retirement isn’t a “one-size-fits-all” concept. Let’s look at various ways you can transition into this new stage and how it can help you in meet your financial and life goals. What Is Phased Retirement And How Is It Different…

Kamala Harris’ campaign has accepted the terms of next week’s presidential debate with former President Donald Trump, including the fact that the candidates’ microphones will be muted when it is not their turn to speak, according to a person familiar with the debate negotiations. However, in a letter to ABC News Wednesday afternoon agreeing to the rules, the Harris campaign again laid out their objections to the muted mics condition, insisting that they believe the vice president will be “disadvantaged” by the format. “Vice President Harris, a former prosecutor, will be fundamentally disadvantaged by this format, which will serve to shield Donald Trump…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseKamala Harris has proposed to increase the top capital gains tax rate for the wealthiest Americans to 28 per cent, softening a centrepiece of US President Joe Biden’s fiscal proposals as she offers an olive branch to Wall Street. The move comes as Harris fleshes out her economic proposals in a dash to defeat Donald Trump in the presidential election two months from now. The vice-president emerged as the Democratic nominee for the White House after Biden dropped his…

September 4th ended up being a pretty dark day for shareholders of United States Steel Corporation (NYSE:X). Shares of the company declined by more than 20% at one point. This came after a report that President Joe Biden is preparing to block its purchase by Japanese steel manufacturer Nippon Steel Corporation (OTCPK:NPSCY, OTCPK:NISTF). For those like me who have been bullish on United States Steel stock, this is painful. However, for many investors, I believe that this would be looked back upon over the next year or so as an excellent buying opportunity. Major Developments Throughout my last two articles…