Alex Blyth thought his company had a genius strategy to reinvent cancer treatment. By examining the immunity of the lucky few who had no family history of the disease, Lift Biosciences discovered a potential treatment to destroy tumours for everyone else. Then the cell therapy hit a snag: it did not work when tested on
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Investors heartened by this summer’s recovery in US equity markets should not relax their guard so soon because corporate debt concerns will probably spark another downturn at the end of this year, one of the world’s pre-eminent volatility specialists has predicted. While sharply falling equity prices in the first half of the year reflected concerns
The most disconcerting thing about Masayoshi Son at the announcement of SoftBank’s quarterly results was not the record-breaking $23bn loss, the promise of ferocious cost-cutting or even, two days later, the historic selldown of the company’s stake in Alibaba. It was how much he looks and sounds like the 65-year-old chief executive of a Japanese
What is the Head and Shoulders Reversal Pattern? -The stock bounces off of the support line three times, making a head and shoulders pattern -On the first shoulder, the volume is high -The volume is lower on the uptrend that creates the head -People are not voting for the stock to go up. This low
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Japanese candlesticks have one ability that most other chart types don’t – they can show so called “engulfing” patterns. An engulfing pattern is defined as when the open and close price of a bullish or bearish candle are within the range of the open and close price of the candle following them. When this happens
Mountain towns across the country have yet to settle from the avalanche of home buyers that has been sweeping through states such as Colorado, Montana and California for the past two years. Thanks to an increase in remote work and a growing appetite for lifestyle home purchases, mountain properties continue to be hot commodities—so much
The writer is director of the Social Market Foundation think-tank For more than a decade, the British state has been in retreat. This ragged withdrawal has been unplanned and inconsistent, felt most keenly in the poorest places and by people who lack loud voices. Until this Conservative leadership contest prompted echoes of Margaret Thatcher’s call
Thinking about buying a home? Now could be a good time to do it. The current average 30-year fixed rate mortgage as of Aug. 11, 2022 was 5.46%, according to BankRate’s analysis. Although that rate is lower than July’s average rate of 5.73%, it remains much higher than Aug. 12, 2021’s average rate of 2.87%
Soaring energy prices could mean an even colder and darker winter across Europe, with governments racing to find new ways to protect households facing huge utility bills. Wholesale gas prices are hovering around €200 per megawatt hour — eight times higher than the average level of recent years, wholesale electricity prices have risen sharply in
In this article IEP Keith Meister, founder and chief investment officer at Corvex Management LP. Brendan McDermid | Reuters Company: MDU Resources Group Inc. (MDU) MDU Resources is a regulated energy delivery and construction materials and services business. The company is organized into the following four business segments: (i) utilities: electric and natural gas distribution,
Traditional design done well can give an estate instant gravitas. And that’s what this newly built home in Montecito has. The two-story has a timeless elegance that makes it looks as though it is truly rooted in the Southern California coastal enclave, which evolved over more than a century from a popular spot for wealthy
Energy suppliers including British Gas, Eon and Octopus have called on the UK government to move a swath of charges from customer bills into general taxation as they face growing pressure to lower soaring costs for households. With UK gas and electricity bills forecast to reach as high as £5,000 a year next spring, four
Salman Rushdie, the author who has lived under a death threat from Iran for several decades, was stabbed on stage during a literary event in the US on Friday morning. Police said Rushdie, 75, suffered a stab wound to the neck and was flown to hospital by helicopter. The Booker Prize-winning author was still in
The U.S. House of Representatives Friday sent President Joe Biden a long-debated climate, tax and healthcare bill. The legislation passed with a vote of 220 to 207 along party lines. Biden’s signature will mark the final chapter for an 18-month-long saga marked by intense negotiations among Democrats, who used a parliamentary procedure called reconciliation to
The contestants? Fifty or so cars, some food stalls, an FT columnist, scooter taxis, alighting Skytrain riders and one of those street cats that, spared western feeding, manage to keep their figures. The prize? Space to move, or just to be. And this is one of the airier junctions of Sukhumvit Road. The rail line
The House of Representatives has approved the $700bn climate, health and tax bill championed by Joe Biden and congressional Democrats, completing a significant legislative victory for the US president and his party. The lower chamber of Congress voted on the legislation on Friday following its final passage in the US Senate this past Sunday. It
Like many famous residents living within its rolling landscape, the Hollywood Hills are much more than what is visible to the public eye. For starters, the central Los Angeles neighborhood is actually composed of 10 smaller neighborhoods, including notable enclaves such as Laurel Canyon, the Bird Streets and Sunset Plaza. Stretching across the Cahuenga Pass
California lawmakers’ focus on one-time spending in the budget approved July 1 keeps the state on track for a potential rating upgrade one year out from receiving a positive outlook from S&P, but challenges remain. The state’s fiscal 2023 adopted budget “projects long-term structural balance through fiscal 2026, despite a projected multibillion dollar rise and
Donald Trump is under investigation for potentially mishandling information related to US national defence in violation of the Espionage Act, along with other possible violations related to the handling of government documents, according to the FBI’s warrant to search the former president’s home. The search of Trump’s Mar-a-Lago estate on Monday, which triggered a fierce
Short-end munis sold off Friday as pressure from two-year U.S. Treasury yields as well as rising floating-rate muni yields have begun to hit the triple-A yield curves. Treasuries were better five years and out while equities rallied to close out the week. Triple-A curves saw yields rise by as much as eight to 10 basis