General Electric Co’s aircraft leasing subsidiary canceled 69 orders for Boeing Co’s grounded 737 MAX jets on Friday, as it evaluates its order book in the wake of the coronavirus pandemic.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We’ll look at… …read more […]
Commercial creditors need to support debt relief for the poorest countries and cannot just “free ride” on a suspension in debt payments by official bilateral creditors, World Bank President David Malpass said on Friday.
The biggest U.S. planemaker soared 11.2% in premarket trading after saying it would resume commercial aircraft production next week in Washington state after halting operations last month due to the coronavirus pandemic. Late on Thursday, Trump outlined a plan to ease the shutdown in a staggered, three-stage process, but the plan was a set of recommendations rather than orders and left the decision largely up to state governors. Gilead Sciences Inc surged 11% following a media report that patients with severe symptoms of the disease had responded positively to its experimental drug, remdesivir. …read more […]
(Bloomberg) — Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync. In New York, the price of gold topped $1,750 for the first time in seven years on April 9. In London, it still hasn’t caught up.The dislocation first blew out in late March, when disruptions from the coronavirus sparked concerns among traders about getting gold to New York in time to settle futures contracts. In a chaotic couple of days, the premium for New York futures over the London spot price rose above $70 — the highest in four decades.The …read more […]
Weeks into Italy’s coronavirus lockdown, thousands of Italian entrepreneurs have been given a bureaucratic shortcut to market.
Deutsche Bank investor Riebeck-Brauerei on Friday filed a motion seeking a vote to oust the lender’s chairman Paul Achleitner at this year’s annual general meeting, according to a document prepared by the activist shareholder’s lawyer.
In this article, I will take a look at Centene Corporation’s (NYSE:CNC) most recent earnings update (31 December 2019… …read more […]
As the S&P 500 tumbled 15% over the past two months, shares of biotech Gilead Sciences (GILD) went in a somewhat different direction: Up 15%.And now it looks like Gilead is going up some more.New data from a University of Chicago Hospital Phase 3 clinical trial of Gilead’s remdesivir antiviral drug, also known as “GS-5734” shows promising results for the drug’s efficacy in treating the novel coronavirus. And no sooner had the data come out, than Gilead’s stock price began marching higher again, rising 12% in pre-market trading on Friday.So what did the data show, exactly?The study in question involved …read more […]
Like a puppy chasing its tail, some new investors often chase ‘the next big thing’, even if that means buying ‘story… …read more […]
U.S. stock index futures bounced more than 2% on Friday as President Donald Trump laid out plans to re-open an economy shut down by the coronavirus outbreak and on reports of encouraging data on a drug to potentially treat COVID-19.
In the summer of 2019, a Megvii IPO was filed with the Hong Kong Exchange. Investors thought they could expect Megvii stock soon after. However, those expectations were not met.
Megvii isn’t a public company yet. But investors shouldn’t worry. The Megvii IPO is on its way. Here’s what we know…
Megvii IPO: The Business
Yin Qi founded Megvii in 2011 with friends Tang Wenbin and Yang Mu. Qi is CEO of the Chinese technology company. It designs image recognition and deep-learning software. One of Megvii’s better known platforms is Face++ for facial recognition.
Megvii’s technology is used by governments and businesses. Some companies …read more […]
Procter & Gamble (PG) has reported an earnings beat for the third quarter of fiscal year 2020 driven by strong organic sales figures. Third quarter Non-GAAP EPS of $1.17 beat the consensus estimate by $0.04.However, revenue of $17.21 billion (up 4.6% year-over-year) missed the Street’s expectations by $80 million. Shares are rising marginally higher in Friday’s pre-market trading.“Organic shipment volume increased six percent as strong consumer demand in North America and certain European markets due to the COVID-19 pandemic was partially offset by volume decreases in certain Asian markets due primarily to temporary disruption of consumer access to retail markets …read more […]
Goldman Sachs said on Friday it expects iPhone shipment to drop 36% during the third quarter due to coronavirus-related lockdowns around the world and downgraded Apple Inc stock to “sell”.
The brokerage noted that average selling prices for consumer devices are likely to decline during a recession and remain weak well beyond the point when units recover. Earlier this week, Apple released a smaller iPhone priced at $399, lowering the starting price for the company’s smartphone line to broaden its appeal among budget-conscious customers. …read more […]
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