Roche Holding AG is bracing for slower earnings growth this year as its ageing cancer blockbusters face competition and the Swiss drugmaker readies a new generation of medicines. The world’s biggest maker of cancer drugs is pushing out new treatments such as the cancer immune therapy Tecentriq to buoy earnings as it faces the prospect of biosimilar competition for its top sellers Rituxan, Herceptin and Avastin, targeted tumor therapies that were revolutionary when they were first approved in the late 1990s and mid-2000s.
Day: February 1, 2017
Diageo Expands Guinness Brand With Maryland Brewery
Diageo is betting Americans will put down their pale beer and opt for the dark stuff as it plans a brewery in Maryland to make its iconic Guinness stout. Diageo is betting that Americans will put down their pale beer and opt for the dark stuff as it plans to open a brewery in Maryland that will make its iconic Guinness stout.
European Apple Suppliers Advance After Stellar iPhone Sales Results
Imagination Technologies and other European suppliers to Apple rallied early Wednesday after the U.S. tech giant reported better-than-expected earnings backed by stellar iPhone sales. Chip designer Imagination jumped 3% to change hands a three-week high of 243 pence each by 08:30 GMT in London, while chip maker STMicroelectronics rose 2.2% in Paris to a 12.47 each, just a few cents shy of its all-time high of a 12.50 each.
Siemens Hits All-Time High After Earnings Beat, Improved 2017 Guidance
Siemens shares hit a record high Wednesday after the German engineering group posted better-than-expected first quarter earnings and lifted its 2017 forecasts. Siemens AG shares hit a record high Wednesday after the German engineering group posted better-than-expected first quarter earnings and lifted its 2017 forecasts.
Can Logitech’s New Remote Make You A Better Presenter?
This slim clicker offers a highlighting feature, quick charging, and even a gentle alarm to let you know your time is almost done. You’re on stage in front of a few hundred people, presenting a project you’ve been working on for the past year.
Oil Prices Stabilize as Russia Joins OPEC in Production Cut
Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices. Brent crude futures, the international benchmark for oil prices, were trading at $55.63 per barrel at 0749 GMT , up 5 cents from their last close.
German economy minister: Trump signals on trade ‘alarming’
Germany’s economy minister says the signals from President Donald Trump’s administration on trade so far are “alarming,” but that isolationism would also hurt the U.S. economy. Brigitte Zypries told Wednesday’s Bild daily that 60 percent of German exports go to Europe and only about 10 percent to the U.S. Asked what the German government can do to prevent a negative impact on German jobs, she replied: “We must talk, talk, talk.
Fed is likely to leave rates alone at a time of uncertainty
At some point in the coming months, the Federal Reserve is widely expected to resume raising interest rates. Just not quite yet.
European Stocks Higher, Volvo and Julius Baer Rise on Results
European shares rose on Wednesday, led by financials and industrials, as healthy corporate results from a slew of regional bluechips underpinned major benchmark indices. Shares in Swedish truck maker Volvo jumped more than 7 percent and were just shy of their highest in 6 years after the company topped profit forecasts.
EU gets breakthrough in cutting roaming costs
The European Union has clinched a breakthrough in cutting costly mobile-phone roaming costs in the bloc ahead of the summer holidays. The EU presidency announced Wednesday that officials from the 28 EU nations and the European parliament reached a deal on how much operators may charge each other for using their networks to provide roaming services, which should cut costs substantially.
Lawmakers Pushing Bills Aimed at Sexual Assault
As per Federal Communications Commission Regulations following is certified: Platte River Radio Inc. does not discriminate in the sale of commercial time, and will not accept advertising which, in its sole opinion, is purchased with intent to discriminate unlawfully on the basis of race, gender, or ethnicity. The advertiser hereby certifies that its purchase of commercial time is not made for an unlawful discriminatory purpose, including specifically that it is not based upon a decision to place advertising on a station on the basis of race, gender, or ethnicity.
Tesla, BMW electrics fall short of highest crash-test rating
Two luxury electric vehicles – the Tesla Model S and the BMW i3 – fell short of getting the highest safety ratings in new crash tests by the insurance industry. The Insurance Institute for Highway Safety tested 2017 models of both vehicles.
Nasty Year’ Leaves Oil Investors Wary as Profits Fall Short
Investors eliminated about $53 billion in market value for producers over three days as the twin titans of U.S. oil posted their worst annual financial outcomes in decades. With Royal Dutch Shell Plc, Total SA and BP Plc due to announce 2016 results in coming days, the grim headlines may not yet be over.
TheStreet’s Guide to Trading in February
Where should you put your money in the month of February? TheStreet has the strategies and analysis to help guide your investment tactics for the coming month. As the Trump presidency heads into its first full month, TheStreet’s Trading Strategies feature analyzes several industries and asset classes that are likely to be affected in February.
On Trump’s Watch, Coal Players, Not Analysts, Hopeful
As the first full month of Donald Trump’s presidency begins, the coal industry is more optimistic about its prospects than it’s been since before his predecessor took office, fueled by promises to bring back thousands of lost coal miner jobs and reboot the industry. Coal companies are looking forward to a combination of legislation in Congress and executive actions by Trump to undo damage inflicted by the Obama administration that led to lower production and employment, according to Luke Popovich, a vice president of the National Mining Association, a top coal lobbying group.
Treasury Yields Could Spike in February; Avoid Bond Funds
In bonds, U.S. Treasury yields could soon spike to 3%. So investors should be prepared with the right strategies in February.
Charts Say: Go Long the Russell 2000 in February as Small Caps Set to Shine
Technical analysis suggests that February is a good time to invest in small cap stocks as the Russell 200 may gain by as much as 25% by spring. In late December, everyone in and out of Wall Street promotes their investment picks for the new year.
Trade Reality Sets In for Equity Investors, Utilities Seen as Good Bet in February
This adage is worth recalling in February as U.S. President Donald Trump moves forward with replacing multinational trade alliances with a string of bilateral agreements. There are merits to his view and he comes by them honestly, but actions have consequences — especially when success means the world earns less and, if a U.S. trade surplus results, the world becomes a net exporter of income to the U.S. The world is unlikely to appreciate such a turn and will react in the best interests of its domestic politics .
Currencies: Trump’s Tweeting Likely to Pressure Dollar in February
It used to be that when America sneezed, the world would catch cold. Today, it’s when Trump Tweets, the world catches its breath.
Gold Is a Good Bet in February as Tax Reform Takes Backseat
Looking ahead to the first full month of Donald Trump’s presidency, many investors may have gotten a bit “over their skis” on resource stocks. Most metal prices are going to face a strong headwind in dollar strength from Trump’s protectionist pro-growth agenda.
Super Bowl Stock Picks: Pepsi, Nike Seen as Gainers in February
The Super Bowl, at its core, is an event of exposure for companies. There is no form of paid media in the U.S. that quite compares to a commercial during the game.
Financial Stocks Likely to Post Strong Performance in February
Looking for gains in financials in February? Pay attention to the speed and size of economic growth, higher interest rates and increased trade friction, analysts say. Financial stocks look set to resume their gains in February, following a month in which two of the largest U.S. banks, JPMorgan Chase and Goldman Sachs , helped drive the Dow Jones Industrial Average to record highs.
Auto Investors Keep Calm and Carry On Through Trump Tweets
The first full month of the Trump presidency signals uncertainty for the auto industry, but risks are event-focused, not policy-based. The first full month of the Trump presidency signals uncertainty for the auto industry, but the risks are event-focused, not policy-based.
Ben Cross
Ben cross is a contributor to RealMoney Pro as a commodity specialist and is also a senior advisor to Panidion mine finance fund. Prior to this Cross spent over 20 years in the Morgan Stanley commodity group as a managing director and global head of metals sales and trading and head of commodity hedge fund sales.
White Supremacy In The White House
How odd the role of ideas has become in the new administration! How peculiar they match the logic and reasons used to express the myths and world views of white supremacists and are now given a vital role in the US conduct of international affairs. How strange that no one seems to recognize their basic flaw: the idea of security is used to defeat the freedom it is supposed to protect! This subversive logic is a mainstay of groups and thinkers grounded in the historic notion of the heritage of European superiority.