The biotech industry proved itself resilient in the face of the COVID-19 pandemic. With research from Mckinsey, venture capitalist (VC) companies increased investments from 2,200 in 2016 to 3,100 in 2021 in biotechnology (biotech) startups. These startups have advanced medicine overall, improving cell therapy, tissue regeneration, genetic medicine, and more. With increasing innovation, we see
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In this article PENN AXON LYFT BMBL TWLO SMCI RIVN TTWO Follow your favorite stocksCREATE FREE ACCOUNT People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Check out the companies making headlines after hours. Rivian
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Last week, meme investors “discovered” Rite Aid (NYSE:RAD), sending its shares up 70%. The Wall Street Journal would quickly give the company a meme stock crown. For most traditional investors, Rite Aid looks like a terrible bet. The struggling drug retailer hasn’t been profitable since 2017, and a deal five years ago to sell 1,932
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Artificial intelligence (AI) will have a profound impact on the medical industry, where it could help accelerate drug discovery and patient treatment, creating big opportunities for these top AI stocks to invest in. At the moment, new drug development has a ridiculous fail rate of 90%, according to the National Institutes of Health. Worse, according
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With challenging economic circumstances forcing many households to adapt, shrewd investors just might benefit from stocks for paycheck-to-paycheck living. To be sure, the most recent data on inflation suggests that consumers should be feeling some relief. Nevertheless, a new LendingClub report notes that 61% of U.S. adults still live hand-to-mouth with their employers. Of course,
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In this article PNC MTB BYND PLTR IFF Follow your favorite stocksCREATE FREE ACCOUNT Getty Images PNC Financial, Citizens Financial, M&T Bank — Regional bank stocks were broadly under pressure on Tuesday after Moody’s downgraded the credit in several smaller institutions. The ratings agency also said some larger banks were under review for a downgrade.
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In the investing world, we’re all on the perennial quest for the golden goose – or stocks to double your money. As investors strategically sail through the fluctuating financial landscape, they are increasingly anchoring their hopes on growth stocks. These stocks, which once soared on the wings of strong top-line growth and bullish market sentiment,
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Amid market volatility, enduring investments are hard to find. However, a few resilient, innovative blue-chip stocks offer competitive prices and total returns over the long term. The first stock, fueled by AI and loyalty achievements, thrives internationally. Digital innovation and strategic initiatives underpin its growth, with global expansion yielding remarkable results, especially in China. With
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Despite ongoing economic challenges, recent reports from various electric vehicle (EV) manufacturers have revealed resilient EV sales. Enhanced by government incentives and manufacturer price reductions, EV sales in the U.S. surged by 50% to 557,330 units during H1 2023, constituting 7.2% of total vehicle sales.  However, this growth pace is slower than the 71% increase
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The International Energy Agency expects to see electric vehicle sales of around 14 million by the end of this year. Governments across the world are trying to increase EV popularity. National policies and incentives will likely help with sales.  The U.S. expects to deliver a 50% market share for electric cars by 2030. The European Union
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In June, annual inflation (from the most recent data) slipped to 3%, which on paper clashes with the concept of stocks to beat inflation. After all, NPR pointed out that the aforementioned statistic represented the lowest point since March 2021. That’s a sign that the Federal Reserve’s hawkish interest rate hiking campaign is making an
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In this article LCID BYND CE IFF PARA HIMS CHGG Follow your favorite stocksCREATE FREE ACCOUNT Beyond Meat’s Cookout Classic value pack Beyond Meat Check out the companies making headlines in after-hours trading. Chegg — Shares soared more than 25% after the educational tech company posted quarterly results. Chegg notched second-quarter revenue of $183 million,
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