The small-business loans program officially tapped out of funding last week. The Senate passed the $484 billion for small-businesses to receive stimulus relief. John Tobin, Epoch Investment Partners Managing Director and Portfolio Manager & Senior Research Analyst joins Yahoo Finance’s On The Move to discuss. …read more […]
U.S. drugmaker Pfizer Inc. (PFE) and BioNTech SE (BNTX) got the green light from German regulators to conduct the first in-human clinical trial in Germany of a potential coronavirus vaccine.Pfizer and BioNTech said they expected shortly to get regulatory approval to also start clinical trials in the U.S. Pfizer shares rose as much as 10% in early morning trading and were priced at $36.38 around midday. BioNtech stock surged 14% to $48.35.The Phase 1/2 trial comprises 4 vaccine candidates. The trial will include about 200 healthy individuals between the ages of 18 to 55 and aims to test the safety …read more […]
Earning season is officially underway, with Delta Air Lines posting its first quarterly loss in over five years. Yahoo Finance’s Jared Blikre recaps the latest earnings reports from Delta Air Lines, Chipotle, and Snap. …read more […]
Shares of American Eagle Outfitters Inc dropped 14% on Wednesday after the apparel retailer withdrew its full-year forecast and said current-quarter results would be significantly hit by coronavirus-related store closures.
Delta Air Lines Inc has taken steps to halve its cash burn to $50 million per day through June after posting its first quarterly loss in eight years, and is bracing for a two to three year recovery from the coronavirus pandemic.”We should be prepared for a choppy, sluggish recovery even after the virus is contained,” Chief Executive Ed Bastian said in an employee memo on Wednesday.
IKEA, the world’s biggest furniture brand, opened three of its six stores in Israel on Wednesday after the government started to gradually ease its coronavirus lockdown.
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt to beef up original content, a day after the streaming pioneer doubled its own projections for new customers as stuck-at-home users binged on movies and shows.
Wall Street’s main indexes rose on Wednesday on signs of more stimulus to aid small businesses ride out the coronavirus-induced economic slump and a recovery in oil prices.
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Heidi Chung break down Snap’s latest earnings report. …read more […]
Oilfield firm Baker Hughes Co on Wednesday reported a $10 billion first-quarter loss and revenue fell more than expected as an 80% plunge in oil prices crushed demand for services and equipment.
Automakers count on the supplier for an essential part used in the bestselling Ram 1500, Toyota Tundra, Ford F-150 and other vehicles. …read more […]
Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more.
AT&T Inc pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future.
NFLX stock is looking more pandemic-proof by the day. In fact, it’s one of the only companies that’s benefitting from the coronavirus on all fronts. Netflix (Nasdaq: NFLX) is set to go even further after its latest announcement.
The streaming giant sent out a letter to its shareholders on April 21st, noting its Q1 results and projections for Q2. Some of the numbers are staggering, in which it doubled its subscriber projections.
NFLX Stock Continues to Thrive During Volatile Times
According to its recent release, Netflix gained 15.77 million subscribers in the first quarter of 2020. Their projections, on the other hand, were …read more […]
Brent crude oil sank below $16 a barrel to its lowest since 1999 on Wednesday, before recovering slightly on the prospect of extra pledges to cut output in addition to a pact by major producers to limit supplies.
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