June 11, 2020
“Wall Street analysts have assigned a consensus price target of $2.3 to the stock, which implies a rise of 414.54% to its current value. Analysts have been projecting $0.7 as a low price target for the stock while placing it… Continue Reading…
June 2, 2020
“Pfizer Inc <PFE.N> said on Tuesday it will invest up to $500 million into publicly traded drug developers to fund their treatment candidates and provide access to the U.S. drugmaker’s scientific expertise. Pfizer said it will make non-controlling investments in… Continue Reading…
May 11, 2020
“Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem this time? They’re sitting on twice as much cash. Assets in money-market funds have soared… Continue Reading…
April 15, 2020
“The company now has access to more than $13 billion in credit, should it be needed… In a filing Monday with the SEC, Disney said that it had signed a new 364-day revolving credit agreement with Citibank that would provide… Continue Reading…
April 15, 2020
“Independent forecasters now expect this year’s budget deficit to nearly quadruple the pre-coronavirus estimate, reaching nearly $4 trillion. That amount of red ink in a single fiscal year would dwarf the deficit peak of $1.4 trillion during the Great Recession… Continue Reading…
April 8, 2020
“We don’t know yet which companies are going to get how much in federal bailout money and what the bailout terms will be. But it’s a sure bet that a ton of money will be earmarked for our nation’s four… Continue Reading…
March 26, 2020
“The amount of distressed debt in the U.S. has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across… Continue Reading…
March 24, 2020
“Activist investor Bill Ackman said he has made a “recovery bet” on the economy, investing $2.5 billion in equities, including upping his positions in several of his portfolio companies and reinvesting in others like Starbucks Corp… Ackman said his hedge… Continue Reading…
March 17, 2020
“In a mid-day announcement, the New York Fed said it willconduct a $500 billion repo operation this afternoon, another move targeted at keeping money flowing through the system. Repo involves banks putting up high-quality collateral like Treasurys in exchange for… Continue Reading…
February 10, 2020
“Here are some highlights: Q4 Revenue: $400 million, +46% YOY, versus $371 million expected Q4 EPS: 12 cents, versus 8 cents expected Q4 Global Monthly Active Users (MAUs): 335 million, +26% YOY. Q4 GAAP Net loss: $36 million, 176% YOY Q4 ARPU (Average… Continue Reading…
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