Author: Money Mechanics

Biogen Inc. (NASDAQ:BIIB) is one of the best defensive stocks to buy, according to Steve Cohen. On September 5, H.C. Wainwright reiterated a ‘Buy’ rating on the stock and a $194 price target. The positive stance echoes the research firm’s confidence about the company’s promising lupus franchise. H.C. Wainwright Affirms Biogen Inc. (BIIB) Buy Rating on Lupus Franchise Prospects According to H.C. Wainwright, the lupus treatments litifilimab and dapirolizumab pegol are compelling late-stage assets that underscore the company’s long-term prospects. That’s because they have minimal direct competition in their respective mechanisms of action. Dapirolizumab pegol has already achieved positive Phase…

Investors might be withdrawing billions from the stock market, but apparently not technology. At least that’s what happened last week. Between Sept. 4 and Sept. 10, U.S. equity funds shed a significant $10.44 billion, the largest in more than a month, based on data from LSEG Lipper, cited by Reuters. But tech-themed ETFs ignored the rout, taking in $3.42 billion of net inflows, the sector’s third consecutive week of gains.At the center of this trend is the Technology Select Sector SPDR Fund XLK, perhaps the most mass-market means of investing in the tech titans. With its leading holdings of Microsoft…

Real gross domestic product for Puerto Rico increased 3.0 percent in 2023 after decreasing 2.1 percent in 2022, according to statistics released today by the U.S. Bureau of Economic Analysis.The increase in real gross domestic product (GDP) in 2023 primarily reflected an increase in exports. Personal consumption expenditures, government spending, and private fixed investment also increased. These increases were partly offset by a decrease in private inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.Real exports increased 6.4 percent, reflecting increases in goods and services. Exports of goods increased 6.6 percent, while exports of services increased…

Charlie Kirk is/was perhaps best described as a political poet. Before his shocking death, potential tourists to America were already deeply concerned about getting caught up in one of the seemingly endless goon squad raids from ICE. Watching Charlie get shot through the neck sealed their “We don’t want to visit America” deal. Sadly, these types of wild and horrific events are normal in the final stages of an empire. The disturbing Shiller/CAPE ratio chart. The ratio hasn’t been in the value zone (sub10) since the mid-1980s. Rather than allowing markets to naturally return to a zone that offers value,…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. September 16, 2025 Stephen I. Miran sworn in as a member of the Board of Governors of the Federal Reserve System For release at 10:30 a.m. EDT Judge Elizabeth L. Branch swears in Stephen I. Miran on September 16, 2025, as a member of the Board of Governors of the Federal Reserve System. Click here for more photos. Dr. Stephen I. Miran took the oath of office as a member of…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.The annual Zelman Housing Summit is a small but elite conference of public and private homebuilders, mortgage lenders, investors and financial analysts, run by one of the most well-known builder analysts, Ivy Zelman. When the conference started 18 years ago, it was focused primarily on residential housing. But by…

picture alliance/Contributor/picture alliance via Getty ImagesFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysAI developers are trying to balance model utility with user privacy.New research from Google suggests a possible solution.The results are promising, but much work remains to be done.AI developers have long faced a dilemma: The more training data you feed a large language model (LLM), the more fluent and human-like its output will be. However, at the same time, you run the risk of including sensitive personal information in that dataset, which the model could then republish verbatim, leading to major security compromises for…

(World Oil) –  Canada has cleared a C$10 billion ($7.3 billion) floating facility to export liquefied natural gas off its northwest coast as soon as 2028. Ksi Lisims LNG — backed by Blackstone Inc.-funded Western LNG, as well as Rockies LNG Partners and the Nisga’a Nation, an Indigenous group that owns the development land — is the first such major project to be approved under Prime Minister Mark Carney. The former central banker has taken a less strict environmental stance than predecessor Justin Trudeau, as he pushes to boost Canada’s economy and reduce its trading reliance on the U.S. If…

KEY TAKEAWAYS Oracle shares rose Tuesday following a report that the software firm is among a consortium of companies that would let Chinese-owned TikTok to continue operating in the U.S.—if a “framework deal” between Beijing and Washington is finalized.TikTok is facing a ban in the U.S. around its Chinese ownership.According to CBS, which cited sources with knowledge of the negotiations, the final deal over TikTok will include multiple companies, though it wasn’t clear what role the app’s Chinese parent ByteDance will have or who would own TikTok’s recommendation algorithm. Oracle (ORCL) shares rose Tuesday on a report that the software…

Key Takeaways Florida’s Surgeon General declared that the state will roll back school vaccine mandates, which increases the likelihood of future infectious disease outbreaks. Economic effects could include decreased tourism, increased health care costs, and lost time at work and school. Businesses in Florida risk loss of workers, income, and productivity. CDC research shows that over a 29-year period, childhood vaccinations saved the U.S. economy $540 billion in direct costs, such as treating infectious diseases, and $2.7 trillion in other costs to society, such as lost productivity. Recent news that Florida will remove key school vaccine mandates has sparked significant…