Lowe’s Cos Inc reported its biggest rise in quarterly same-store sales in at least 15 years on Wednesday, as people spent more on tools and paint for do-it-yourself projects and home repairs during the coronanvirus lockdowns.
Deutsche Bank’s chairman Paul Achleitner said he intends to step down as chairman of the German lender when his term ends in 2022.
French carmaker Renault will re-open its Normandy-based Sandouville plant in northwestern France on Friday, a trade union source told Reuters on Wednesday.
“We saw antibody responses that do many of the things we would want to see in an eventual vaccine,” said Dr. David Weiner, director of the vaccine and immunotherapy center at the Wistar Institute, which has collaborated with Inovio. Inovio, which began human testing of its vaccine in April, said preliminary results from that trial are expected in June. …read more […]
U.S. stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more central bank and government stimulus for ailing sectors.
Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted the big-box retailer’s online and store sales.
More money. More money. More money.
Everywhere we look, folks are calling for more money. From the head of the Federal Reserve telling Congress to spend as much as it can to business owners begging Trump to keep the free money flowing.
By all measures, it’s working.
It’s no coincidence that stocks soared on Monday… just a day after Congress conjured up another $3 trillion worth of stimulus proposals.
The action we saw on Monday was quite good. Investors with the brains to play this mess are doing incredibly well.
For example, we wrote our Alpha Money Flow subscribers on Monday afternoon and told them …read more […]
Lowe’s Cos Inc beat quarterly estimates for same-store sales on Wednesday, as coronavirus lockdowns led people to spend more on tools and paint for home remodeling and repairs, sending shares of the home improvement chain up 8%.
Target’s first quarter 2020 earnings are out. Here’s what you need to know. …read more […]
AstraZeneca Plc’s (AZN) and Merck Co.’s (MRK) Lynparza drug has received a green light from the U.S. Food and Drug Administration (FDA) for the treatment of patients with advanced prostate cancer.The FDA approval was awarded following results from a Phase III trial, which found that the Lynparza drug treatment reduced the risk of disease progression or death by 66%.Prostate cancer is the second-most common cancer type in men and despite an increase in the number of available therapies for men suffering from the disease, five-year survival remains low.Lynparza is a first-in-class PARP inhibitor, which is a targeted treatment to potentially …read more […]
The reasons behind the proposed merger of car makers Fiat Chrysler and Peugeot-owner PSA are “stronger than ever” as the COVID-19 pandemic adds to existing challenges facing the industry, the FCA chairman said on Wednesday.
Home improvement retailer Lowe’s Cos Inc reported an 11.2% rise in quarterly same-store sales on Wednesday, as coronavirus lockdowns led people to spend more on tools and paint for home remodelling and repairs.
Deutsche Bank’s CEO said the bank needed to become more profitable before taking a leading role in European banking consolidation and dismissed concerns it would need state aid as it handles the fallout of the coronavirus outbreak.
Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains. Brent crude futures were up 51 cents, or 1.47%, at $35.16 per barrel at 0928 GMT. U.S. West Texas Intermediate (WTI) July crude futures were up 22 cents, or 0.69%, at $32.18 a barrel. …read more […]
(Bloomberg) — ByteDance Ltd.’s valuation has risen at least a third to more than $100 billion in recent private share transactions, people familiar with the matter said, reflecting expectations the owner of video phenom TikTok will keep pulling in advertisers despite the Covid-19 pandemic.Stock in the world’s most valuable startup has changed hands recently at a price that suggests its value has risen more than 33% from about $75 billion during a major round of funding two years ago, the people said, requesting not to be named because the issue isn’t public. Some of those transactions valued the Chinese company …read more […]
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