Trading Ideas
Powell: ‘There is a lot more’ the Fed can do
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Brian Cheung recap Federal Reserve Chairman Jerome Powell’s recent remarks on the economy’s road to recovery. …read more […]
Month: May 2020
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U.S. car rental firm Hertz names new CEO
Hertz, backed by billionaire investor Carl Icahn, has suffered a “sudden and dramatic negative impact” on its business due to the coronavirus crisis, which has crushed demand for rental cars as people cancel travel and stay at home. Hertz, which operates the Hertz, Dollar and Thrifty rental brands, said Stone replaced Kathryn Marinello, who will remain with the company in a consulting position for up to one year. …read more […]
Business News
Brent at one-month high, U.S. oil tops $31 as restrictions ease
Oil prices climbed more than $2 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by optimism about the re-opening of economies and output cuts by major producers.
Business News
Wall Street set to jump on stimulus, vaccine hopes
U.S. stock indexes were set to open sharply higher on Monday on optimism fueled by encouraging data from a potential COVID-19 vaccine trial, with investors also counting on more stimulus to rescue the economy from a deep economic slump.
Business News
Hertz names Paul Stone CEO
U.S. car rental company Hertz Global Holdings Inc on Monday appointed Paul Stone as its chief executive officer.
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New Forecasts: Here's What Analysts Think The Future Holds For Service Properties Trust (NASDAQ:SVC)
Celebrations may be in order for Service Properties Trust (NASDAQ:SVC) shareholders, with the analysts delivering a… …read more […]
Business News
Futures jump on promising data for COVID-19 vaccine
U.S. stocks futures jumped on Monday after Moderna Inc said its experimental vaccine for COVID-19 showed promise in early trials and that it was looking to advance the vaccine into late-stage trials in July.
Business News
Thyssenkrupp in talks with rivals over steel business: source
German conglomerate Thyssenkrupp is in talks with international rivals about consolidating its loss-making steel business, a person familiar with the matter said.
Business News
Automated delivery cashes in on pandemic-driven demand
The coronavirus crisis is accelerating a shift in the world of autonomous cars toward delivering packages instead of people, as big players open up a lead over startups in the race for funding.
Business News
Factbox: Investors pour billions into automated delivery startups
Since September, investors have pumped at least $6 billion into more than two dozen startups that are automating delivery of goods and food, from heavy trucks to sidewalk robots and drones.
Trading Ideas
U.S. auto industry starts to return to life after lockdown
The U.S. auto industry slowly returned to life on Monday, with some vehicle assembly plants reopening after the coronavirus lockdown while suppliers geared up to support a sector that employs nearly 1 million people. On a chilly and damp Monday morning, hundreds of workers at Fiat Chrysler Automobile’s (FCA) truck plant in Warren, Michigan began lining up before 4 a.m. to start the 5 a.m. shift. FCA reopened four U.S. assembly plants on Monday, including Warren Truck, on a single shift, as well as four parts plants. …read more […]
Trading Ideas
Analysts Just Made A Major Revision To Their Protagonist Therapeutics, Inc. (NASDAQ:PTGX) Revenue Forecasts
The latest analyst coverage could presage a bad day for Protagonist Therapeutics, Inc. (NASDAQ:PTGX), with the… …read more […]
Trading Ideas
Europe Could Conditionally Approve Gilead’s Remdesivir In Next Few Days
Guido Rasi, the Executive Director of the European Medicines Agency (EMA), has suggested that Gilead’s (GILD) Covid-19 treatment remdesivir could be conditionally approved in Europe as soon as this week.“It might be that a conditional market authorization can be issued in the coming days,” Rasi revealed to an EU Parliament hearing in Brussels on May 18.Conditional marketing authorizations are valid for one year and can be renewed annually. They are granted by the EMA for medicines where the benefit of immediate availability outweighs the risk of less comprehensive data than normally required.Indeed, remdesivir has already received the green light from …read more […]
Business News
U.S. auto industry starts to return to life after lockdown
The U.S. auto industry slowly returned to life on Monday, with some vehicle assembly plants reopening after the coronavirus lockdown while suppliers geared up to support a sector that employs nearly 1 million people.