Transatlantic exchange operator Nasdaq Inc reported a 23% rise in adjusted quarterly profit on Wednesday, benefiting from the coronavirus-fueled market volatility that led to a surge in trading volumes in March.
The United States wants to curb its reliance on China for specialized minerals used to make weapons and high-tech equipment, but it faces a Catch-22.
Oil took markets on another rollercoaster ride on Wednesday as Brent somehow managed to reverse an early 12% crash to 1999 lows and give battered petrocurrencies and stock markets something buoyant to climb on.
Stock futures rose Wednesday morning, recovering some losses after a sell-off in risk assets a day earlier sent the S&P 500 to its largest one-day drop since April 1. …read more […]
Gilead Sciences (GILD) and its Kite unit have entered into a three-year cancer immunotherapy research collaboration with oNKo-innate. The goal: to discover and develop next-generation drug and engineered cell therapies focused on natural killer (NK) cells.Current cancer immunotherapy approaches primarily focus on T cell mediated anti-tumor immunity. Like T cells, NK cells are a class of lymphocytes (white blood cells) that play a critical role in the immune system. Both NK cells and T cells each have the potential to attack cancer cells, but each have different mechanisms for tumor cell killing.According to Gilead, appropriately activated and targeted NK cells …read more […]
(Bloomberg) — The coronavirus caused two deaths in California in early and mid-February, suggesting the pathogen was circulating in the U.S. weeks earlier than health officials thought. Singapore reported more than 1,000 new cases for the third day, pushing total infections past 10,000.Italy plans to more than double a stimulus package, while Spain will seek to extend emergency powers. The European Central Bank may discuss new help for lenders on Wednesday, while the U.S. Senate sent a $484 billion package of new relief funds to the House for likely approval on Thursday.The Chinese ambassador to the U.S. called for a …read more […]
Delta Air Lines posted a $607 million loss in the first quarter as the COVID-19 crisis forced the airline to cut up to 85% of its scheduled flights. …read more […]
It may take European Union countries until the summer or even longer to agree on how exactly to finance an economic recovery from the coronavirus pandemic as major disagreements persist, an official with the bloc said on Wednesday.
AT&T Inc’s first-quarter revenue fell short of Wall Street expectations and the company pulled its annual forecast on Wednesday, as the impact of the coronavirus outbreak overshadowed a strong growth in monthly phone subscribers.
Advertising sales, which was severely hit due to the postponement of live sports such as March Madness, and lower wireless equipment sales led to a $600 million decline in revenue, AT&T reported. In the first three months of the year, AT&T added 163,000 net new monthly phone subscribers, beating the average Wall Street estimate of 90,700. AT&T was able to earn more customers despite shutting down more than 40% of its retail stores. …read more […]
Shoved aside by the coronavirus pandemic, Brexit is set to work its way into the headlines again as a June deadline for extending Britain’s 11-month transition period turns currency traders’ focus – and selling pressure – back to the pound.
U.S. stock index futures rebounded on Wednesday as upbeat quarterly earnings reports lifted investor sentiment following a two-day selloff due to a record crash in oil prices, even as companies warned of more pain in the coming months.
(Bloomberg) — U.S. equity futures advanced with European stocks on Wednesday as investors weathered continued volatility in energy markets and perused earnings reports that weren’t uniformly negative. Oil pared a decline, while gold jumped.S&P 500 Index contracts climbed after the gauge closed down more than 3% a day earlier, when investors shrugged off progress of a fresh relief package to counter the economic hit from the coronavirus. The Stoxx Europe 600 Index advanced in the wake of Tuesday’s slump, with all 19 sectors in the green including energy shares.Brent crude pared most of a tumble that reached 17% earlier, while …read more […]
Top news and what to watch in the markets on Wednesday, April 22, 2020. …read more […]
(Bloomberg) — Huawei Technologies Co. is emerging as the runaway winner in China’s $170 billion effort to build out its fifth-generation wireless networks, part of a concerted effort by Beijing to seize the lead in a key technology from the U.S. while rebooting a virus-stricken economy.Since the beginning of the year, Huawei has secured 28.4 billion yuan ($4 billion) worth of 5G equipment orders from the country’s largest carrier, China Mobile Ltd., beating out competitors like Ericsson AB and ZTE Corp. to win more than half of the 5G contracts awarded by the operator during the period, according to an …read more […]
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