General

With the NBA season officially underway, all eyes will be on LeBron James and the new-look Los Angeles Lakers. Many have called James' decision move to the West Coast as much of a business decision as it was a basketball decision, as the superstar looks to expand his media empire and compete...

National Economic Council Director Larry Kudlow expressed confidence in the country's economic boom, took jabs at China's trade relationship with the U.S. and offered advice to the Motor City in remarks Thursday to the Detroit Economic Club.  Tax Cuts “It’s only a year into...

After gaining around 80 percent year-to-date, the bullish case for Wingstop Inc (NASDAQ: WING) can no longer be justified for valuation reasons. The Analyst Morgan Stanley's John Glass downgraded Wingstop from Overweight to Equal-weight with a price target lifted from $60 to $69. The Thesis...

Helios and Matheson Analytics Inc (NASDAQ: HMNY) investors have endured one of the most disastrous years imaginable. The story begins with Helios’ decision to take a majority ownership stake in the subscription service MoviePass back in August 2017. Here’s a timeline of the drama...

Biotech Proteostasis Therapeutics Inc. (NASDAQ: PTI) develops therapeutics for the treatment of cystic fibrosis and associated disorders. The company’s lead product candidates are PTI-801 and PTI-808. What Happened Proteostasis shares were surging 300 percent on the announcement of positive...

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On Oct. 18, 1867, the U.S. bought Alaska for $7.2 million, expanding its territory by about 20 percent. What Else Was Going On In The World Karl Marx had recently published “Das...

Earlier this year, the Department of Defense announced a winner-take-all competition in order to select a cloud computing company to host its sensitive information.  Some of the initial contenders included Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), Oracle...

Endocyte, Inc. (NASDAQ: ECYT) on Thursday announced its $2.1-billion cash sale to Novartis AG (NYSE: NVS). The deal values Endocyte at $24 per share, representing a 54-percent premium from the firm’s $15.56 Wednesday closing price. Why It’s Important Endocyte's radioligand...

This is a landmark week for investors in one of 2018’s most active market segments, as Canada has officially opened its doors to become the world's largest federally legal cannabis market. The long-awaited move has long-term implications in sectors ranging from healthcare to retail, as...

Pivotal Software, Inc. (NASDAQ: PVTL) stock traded lower by 5 percent Wednesday, and one of the major reasons for the weakness was likely the expiration of the stocks lock-up period following its April IPO. Here’s a look at what a lock-up period is and how it impacts stock prices. What...

Weed's role as a natural painkiller without the addictive properties of opioids is well-known, as is cannabidiol's helpfulness in combating seizures and anxiety.  Studies and evidence support CBD's effectiveness in improving the behavior of children on the autism spectrum...

The S&P 500 is coming off its best quarter in five years, but that didn’t stop the market from opening Q4 by having it’s most volatile week since February. Last week was obviously a tough one for investors, but the major indices appear to have bounced back in the last few days. The...

Clinical-stage biopharmaceutical company PhaseBio recently filed for an initial public offering. The stock is expected to trade on the Nasdaq Global Market under the ticker symbol “PHAS.” The Company Founded in 2002, PhaseBio develops and researches treatments for orphan cardiopulmonary...

Journalist Jamal Khashoggi walked into the Saudi Consulate in Istanbul Oct. 2 to obtain documents for his upcoming wedding and hasn't been seen since.  Khashoggi is highly critical of Saudi Arabia and has authored articles calling out the kingdom and its officials. Saudi Arabia...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Oct. 17, 1973, the Arab-led Organization of Petroleum Exporting Countries announced a cut to oil exports for Israel’s allies in the Yom Kippur War. Where The Market Was...