Edward Mezvinsky owes Dewey Scneebley $50 Bucks
I was so bored this Friday with the market that I started searching who Chelsea Clinton was going to marry and found out some interesting facts from Dewey Scneebley on the new husband to be and I learned that Mez owes Dewey $50 bucks and also Chelsea is getting a bunch of In-Laws because the Margolies’s have two children, Mezvinsky’s four children from a previous marriage, two sons born to them, and three Vietnamese boys whom they adopted together…what ...read more
Biotech Friday: ATHX Jumps after Upgrade to Strong Buy
Several Biotech stocks today showed some positive traction with relatively little happening after the GDP numbers were released this morning. Athersys (Nasdaq: ATHX) was definitely the most active of the bunch after announcing positive Phase I data from a study for their stem cell product MultiStem in the treatment of heart damage caused by heart attack. WBB Securities promptly upgraded ATHX from “buy” to “strong buy.”
The top five percentage gainers from the biotechnology sector:
Athersys (Nasdaq: ...read moreAXTI Rally after Beating Q2 Est; Solar Sector Down
California-based semiconductor small-cap AXT (Nasdaq: AXTI) is bucking today’s trend with a 14% rally. At mid-day, AXTI was trading at $5.65 on heavy volume of about 750,000 shares. The company announced a 77% spike in second-quarter revenue to $23.2 million after yesterday’s close. Quarterly profit came to $5.5 million or $0.17 per share, well ahead of the net loss of ($1.3 million) or ($0.04) cents per share ...read more
China Overtakes Japan will Overtake U.S. in Size in 2025
The uninterrupted economic ascent, which saw China overtake Britain and France in 2005 and then Germany in 2007, is gradually translating into clout on the world stage.
In one important respect, however, China does not permit its currency to be freely exchanged except for purposes of trade and foreign direct investment.
(Reuters) China has overtaken Japan to become the world’s second-largest economy after three decades of rapid growth that has lifted hundreds of millions of people out of ...read more