A surge in Target Corp’s online sales due to panic buying during the coronavirus crisis helped the big-box retailer post better-than-expected quarterly results on Wednesday, even as it grappled with soaring operational costs.
Cowen Healthcare Investments (CHI) is breaking headlines after raising $492 million for a third healthcare fund. The fundraising began well before the coronavirus outbreak in America. A Securities and Exchange Commission (SEC) filing shows Cowen had already raised $332 million as of September 2019.
This fund will enhance the company’s investment strategy into biotech, digital health, drug development and diagnostics. With Cowen’s previous two funds, it’s backed 38 private healthcare companies and has participated in series B rounds other businesses. This includes Semma Therapeutics, a stem cell therapy company that was bought for close to $1 billion in 2019.
What is Cowen …read more […]
Lowe’s Cos Inc warned on Wednesday that high spending on do-it-yourself projects by people hunkered down at home due to coronavirus lockdowns would taper off in the coming months, as a deep economic recession looms on the horizon.
Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the latest earnings reports for Lowe’s, Home Depot, Target, and Walmart with Morgan Stanley Retail Analyst Simeon Gutman. …read more […]
Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors.
(Bloomberg) — Venezuela’s central bank sued the Bank of England for access to $1 billion in gold reserves to combat the coronavirus.The Venezuelan bank asked the BOE to liquidate the gold and send the funds to the United Nations Development Programme (UNDP), which is working with the country to prepare for an increase in Covid-19 cases, Zaiwalla & Co., a London law firm representing Venezuela, said Wednesday in a statement.While the coronavirus pandemic adds a dramatic new twist to the dispute, the lawsuit is part of a long-running fight over the funds related to American efforts to cut off President …read more […]
Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak with Sorrento Therapeutics Founder & CEO Dr. Henry Ji about the company’s experimental antibody STI-1499. …read more […]
Target’s sales surged in the first quarter, fueled by people spending during the coronavirus outbreak. Sucharita Kodali, Forrester Research Retail analyst, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the retailers earnings report and how it compares to its competitors. …read more […]
OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the group has not ruled out further steps to support the market.
Britain’s government stands ready to help those affected by a plan at engine maker Rolls-Royce to cut at least 9,000 jobs, a spokesman for Prime Minister Boris Johnson said on Wednesday.
Clorox Co. (CLX) declared a quarterly dividend of $1.11 per share on the company’s common stock, up 5% from the previous $1.06 per share dividend. Shares in the maker of bleach and disinfecting wipes appreciated 2.4% to $206.51 in pre-market U.S. trading.The dividend is payable on Aug. 14 to stockholders of record as of the close of business on July 29.”We are pleased to raise our dividend by 5%, building on nearly 20 consecutive years of dividend increases,” said Clorox Chairman and CEO Benno Dorer. “As we continue to deliver healthy cash flows, our ongoing priority is to invest in …read more […]
Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss Target’s first quarter earnings, and break down what Target CEO Brian Cornell had to say about the results. …read more […]
Luckin Coffee said on Tuesday that Nasdaq had notified the company of plans to delist it from the U.S. stock exchange, a month after the company disclosed that some employees had fabricated sales accounts. Nasdaq’s notice comes as the exchange renews its focus on auditing standards. In its delisting notice, the bourse cited public interest concerns raised by the fabricated transactions and Luckin’s failure to disclose material information. …read more […]
The U.S. motorcycle maker, which closed its U.S. plants in March due to the coronavirus outbreak, may not ship any additional new motorcycles this year to about 70% of its 698 dealers in the country, the report said https://on.wsj.com/2Tn92JP. The company did not immediately respond to Reuters request for comment. Harley would reopen its plants in Wisconsin and Pennsylvania and accelerate production in phases that would be limited to bestselling models and palette of colors and without customizable features for the rest of the year, the report said. …read more […]
There appears to be agreement in Washington to give companies more time to utilize their coronavirus aid under the Paycheck Protection Program, the head of the U.S. Senate’s small business committee said on Wednesday.
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