August 18, 2020
“The housing market continues to be a bright spot inthe United States economy that has been ravaged… The government said Tuesday that building permits and housing starts both surged in July and easily topped economists’ forecasts. Home Depot (HD) reported sales and earnings for… Continue Reading…
August 17, 2020
“Shares of CureVac, the German biotech specializing in the messenger RNA technology that is the basis of many of the leading Covid-19 vaccine programs, is set to soar on its second day of trading. CureVac shares (ticker: CVAC) were up 42% in… Continue Reading…
August 17, 2020
“Euronav NV (EURN) …The offshore storage business has powered strong earnings in 1H20. Euronav saw quarterly revenue and earnings rise in both Q1 and Q2, bucking the ‘normal’ trend in the corona crisis. Q2 earnings came in at $1.14 per share,… Continue Reading…
August 14, 2020
“More than 1,200 Amazon delivery drivers have been laid off in recent months after the company cut contracts with several small delivery companies across the country. Amazon informed at least seven firms that are a part of its delivery service partner, or… Continue Reading…
August 14, 2020
“Consumers spent less than expected in July as a pullback in auto sales helped cool an economy struggling to shake off the effects of the coronavirus pandemic. Retail sales rose 1.2% for the month, against the expected increase of 2.3%… Continue Reading…
August 13, 2020
“Another 963,000 Americans filed for regularfirst-time unemployment benefits last week on a seasonally adjusted basis — the first time in five months that number has dipped below 1 million, the Department of Labor said Thursday. It was the lowest number of weekly… Continue Reading…
August 13, 2020
“What happened Coronavirus-related stocks declined sharply on Wednesday, extending their losses following Russia’s announcement on Tuesday that it had developed the world’s first COVID-19 vaccine. As of 11:55 a.m. EDT, shares of Novavax (NASDAQ:NVAX), Heat Biologics (NASDAQ:HTBX), Sorrento Therapeutics (NASDAQ:SRNE), Vaxart (NASDAQ:VXRT), and iBio (NYSEMKT:IBIO) were down 20%, 17%, 15%, 14%,… Continue Reading…
August 12, 2020
“The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic. … Continue Reading…
August 11, 2020
“Russia says it has registered the world’s first vaccine for Covid-19. There are caveats, but an effective vaccine would be great news for the world… Investors want to believe. Europe’s FTSE 100 index gained 1.4%. Asia’s Hang Seng Index rose 2.1%. The Dow Jones Industrial Average and S&P 500 are up 1.2%… Continue Reading…
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