A survey of American consumer confidence jumped to a 17-month high in June, reflecting a slowdown in inflation and more confidence about the future of the economy.
: Theft in open court: How a fight over lifesaving drugs led to accusations of brazen industrial espionage
Cancer drug developer I-Mab says a key competitor stole its research by posing as an expert witness in an arbitration proceeding.
Cannabis Watch: Canopy Growth cuts 1,200 jobs in past year and issues ‘going concern’ warning as analyst eyes solvency of cannabis company
Jefferies analyst Owen Bennet says cannabis company’s core business in Canada must focus on “simply staying solvent” as it looks toward U.S. listing
Economic Report: U.S. home prices rise in April, signaling a recovery in the sector, Case-Shiller says
Case-Shiller U.S. 20-city home price index down 1.7% year-on-year in April.
The Ratings Game: Tesla risks some ‘operational hiccups’ as the year goes on, analyst says
Piper Sandler analyst Alexander Potter likes Tesla’s stock, but he’s showing some caution in the wake of a strong run up.
Economic Report: U.S. durable-goods orders climb for third month in a row but manufacturing slump may not be over
Orders for manufactured U.S. goods jumped 1.7% in May and rose fore the third month in a row, boosted by strong demand for passenger planes and new autos.
Metals Stocks: Gold slips as inflation fears bite
Gold and silver futures prices were little changed again on Tuesday though traders still worry that stubborn inflation around the world will push central banks to raise interest rates further.
The Ratings Game: Alibaba’s stock is ‘still very cheap,’ but Bernstein now wonders if it’s a value trap
Alibaba Group Holding Ltd. shares might be a “value trap,” according to an analyst who just downgraded them.
: Brookfield Reinsurance offers to buy AEL in $4.3 billion deal
AEL’s stock jumps 15% premarket on news of $55-a-share offer for the annuity provider.
Paul Brandus: Putin’s days may be numbered, but the West’s distrust of Russia will endure for decades
Don’t hold your breath waiting for a better leader in Russia, writes Paul Brandus.
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