Biopharmaceutical company Amgen agreed to buy Five Prime Therapeutics in a cash deal valued at $1.9 billion. Amgen will pay $38.00 in cash for each outstanding Five Prime share. This implies a 78.7% premium to Wednesday's stock closing price. The deal is expected to close in the second quarter of 2021, subject to antitrust clearance and approval by Five Prime shareholders. Five Prime...

Snowflake reported a fiscal-fourth-quarter net loss that widened from the year-ago quarter. However, the cloud-based data warehousing company’s revenue more than doubled. For the quarter ended Jan. 31, the company’s loss of -$198.9 million, widened from -$83.3 million in the year-earlier quarter. On an adjusted basis, the loss was -17 cents a share, in line with analysts’ expectations...

Fund manager Cathie Wood said her exchange-traded funds bought a total 2.65 million shares of data-analytics company Palantir’s stock. Wood’s purchased about 2 million shares for her flagship ETF, ARK Innovation and about 650,000 in her ARK Next Generation Internet ETF. Wood’s purchases amount to around $62.5 million, based on Wednesday’s closing price of the stock. Last month, Wood revealed...

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Cryptocurrency markets are enjoying their first major upswing of the year, rising past $5,000 for the first time since November 2018 over the first three days of April before closing below that mark on April 4th. The volatile behavior inherent to cryptocurrencies was on display throughout.Cointelegraph reported that some major coins “[saw] a mild surge in price, [while] others [boasted] double-digit gains.” CCN’s Yashua Gold indicated that bitcoin, which reached a “fresh yearly high at $5,342…was already trending inside an overbought zone when the downside action started,” as of April 4th.

Hydrogen fuel cell company Plug Power got a rating boost from JP Morgan. . Analyst Paul Coster raided his rating on the shares to overweight from neutral, and kept his price target at $65 per share. Coster mentioned in an investors’ note that that he was taking advantage of recent volatility to upgrade the company. According to him, the stock is “attractively priced at present, ahead of...

Zoom Video reported fourth-quarter results and guidance – both above analyst expectations. The communications tech company’s fourth quarter adjusted earnings came in at $1.22 per share, compared to analysts’ forecast of 79 cents per share. Revenue increased +369% from the year-ago quarter to $882.5 million, also ahead of the $811.7 million expected by analysts. For the first quarter, Zoom...

Now recent strides have opened that new frontier, introducing a whole new level of accuracy, realism, to the mix – as well as potential problems. One of the most exciting developments is an algorithm from members of Google’s DeepMind AI team.But backed by the computational resources of one of the world’s biggest companies, BigGAN could learn from a giant database of 14 million images in various categories at one time.

With AI and machine learning poised for even more growth in the coming years – a PricewaterhouseCoopers report predicts AI will contribute $15.7 trillion to the world economy by 2030 – it is of vital economic importance for government in advanced economies to embrace the industrialization of AI in order to remain competitive.Two countries lead the pack: The United States and China. The US is a major player in AI – Forbes characterizes the country as “highly invested in AI and other emerging technologies,” especially on a research level.

NIO reported a wider-than-expected loss for the fourth quarter. The automaker’s revenue, however, more than doubled from a year earlier. NIO incurred a net loss of -1.05 renminbi (-$0.16) per share in the fourth quarter, wider than analysts’ estimate of a -0.7 renminbi loss. Revenue surged +133.2% year-over-year to 6.641 billion renminbi (US$1.018 billion) in the quarter, but below Visible...

Since receiving his Ph.D. in AI from the University of Edinburgh in 1978, Hinton has spent ample time teaching, researching, and innovating within the field.Hinton’s company, DNNresearch, was acquired by Google in 2013 after delivering a significant improvement in object recognition accuracy in photos, though neural nets have application in speech recognition, language processing, and more. With vast experience in the field and an executive position at one of tech’s biggest and most important companies, Hinton is uniquely qualified to discuss the future of AI (as he did recently with Wired).

Anytime you want to learn something new and different, your next step is usually pretty straightforward and obvious: just Google it.  But what if a "new trade idea" or "trading opportunity" was what you were after?Nothing that gave me real technical analysis, ideas, or data.  That's why I'm excited about the new search engine that Tickeron is rolling out to retail investors -- a search engine that can scan the stock, ETF, cryptocurrency, and FOREX markets in search of technical trading patterns with real data and statistically calculated trade ideas.

I think this is the best buying opportunity for stocks since the winter of 2016. In that year, a corporate earnings per share (EPS) decline of 11% led the S&P 500 into a -15.2% correction over a period of nine months.In my view, the correction during 2015/2016 was warranted -- fundamentals were weak, corporations were struggling, and the economy was growing at a snail's pace. The exact opposite economic conditions exist today (and that's not just my opinion), yet the S&P 500 has declined in a sharp and scary way over a four-month period, by about the same amount (~15%).

New, successful use cases abound in a variety of industries, with investors seeking out new opportunities for both technologies amidst growing mainstream recognition.Ian Foley, a serial entrepreneur and partner at SaaS-focused Xenon Ventures, sees massive potential in not only AI and blockchain’s individual functions, but their ability to work for each other’s benefit. In an interview with James Bourne, editor-in-chief of TechForge Media, Foley calls AI and blockchain “the next evolution around enterprise software.” That evolution comes in part from their complementary characteristics.

New, exciting companies using technology to solve finance’s longstanding issues seem to pop up regularly – and some even manage to live up to the hype and lofty claims.Now Fluidly, a year-old fintech company headquartered in London, says their innovative “intelligent cashflow management software,” which offers a modern spin on financial forecasting using the power of AI, is the gamechanger that SMEs need – and raised a £5 million Series A round to continue building it. Fluidly co-founder and CEO Caroline Plumb became acutely familiar with the pain points of cashflow management at her successful first business, Freshminds.

Novavax posted a fiscal fourth-quarter loss that’s wider than anticipated by analysts. However, the vaccine development company’s revenue came in higher than expected. The net loss for the quarter widened to -$2.70 a share from -$1.13 in the year-earlier quarter. FactSet poll shows consensus estimates of a GAAP net loss of -$2.23 a share Revenue rose $279.7 million from $8.8 million. That's...

Americans believe in a well-documented path to retirement: work hard, save money (maybe using the 401(k) offered by your employer), and say goodbye to the daily grind in your early-to-mid 60s.MassMutual’s 2018 State of the American Family survey pegs the average age Americans plan to retire at 62, a full two years younger than 2013’s survey, with 47 percent of participants (a two percent increase) expressing confidence they could retire when they wanted to.

Sports betting company DraftKings got price target hikes from analysts following Friday’s fourth quarter results. The company’s fourth-quarter revenue doubled from the year-ago quarter. It boosted its revenue estimates for 2021 to between $900 million and $1 billion, up from its previous view between $750 million and $850 million. Goldman Sachs analyst Stephen Grambling increased his price...

Sports-betting platform DraftKings reported fourth quarter earnings that exceeded analysts’ expectations. It also boosted its 2021 sales guidance on better than expected sports betting activity amid the pandemic. The company reported an adjusted loss of - 24 cents a share, compared to the loss of -42 cents a share anticipated by analysts polled by FactSet. Revenue rose to $322.2 million from...

For most people, investing is a necessary part of life – it’s needed to grow our savings so that one day, we can retire and use an investment portfolio to support our cash flow needs.Making smart trades, learning from mistakes, maybe capitalizing on unique opportunities or scoring big on an IPO – and bragging about your successes to friends. Much like we share daily moments on Facebook or travels on Instagram with friends, we should be able to share investment ideas and trade setups with friends on a platform, too. Well that platform is here, on tickeron.com!