U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration’s fiscal response to the coronavirus pandemic and told senators he was willing to consider extending and modifying a payroll loan program for small businesses.
Shares in Southwest Airlines Co. (LUV) rose 5.7% after the U.S. carrier said that it has seen a “modest improvement” in May demand as new passenger bookings outpaced trip cancellations.In the month through May 18, the U.S. airline recorded net positive bookings reversing net negative booking trends prevalent during most of March and April, where trip cancellations outpaced new passenger bookings, it said in a SEC filing disclosing preliminary figures. The reversal drove shares up 5.7% to $28.58 in early afternoon U.S. trading.The value of Southwest’s shares has almost halved this year as stringent travel restrictions tied to the coronavirus …read more […]
Click here to read the full article. “The Joe Rogan Experience,” one of podcasting’s longest-running and most popular shows, will be launching on Spotify exclusively this year.The Rogan-hosted comedy talk-show series will debut on Spotify on Sept. 1, 2020, on a nonexclusive basis — before becoming exclusive to the platform later later in 2020 under the multiyear licensing deal.With Rogan, Spotify has landed one of the podcasting biz’s whales. It currently ranks as the No. 2 most popular show on Apple Podcasts (after Barstool Sports’ “Call Her Daddy”), per Podcast Insights. A source familiar with the deal said Rogan became …read more […]
VANCOUVER, Washington, May 19, 2020– The study is anticipated to consist of approximately thirty patients with potential involvement of the NIH of Mexico in other CytoDyn trials VANCOUVER, Washington, May 19, 2020 — CytoDyn Inc. (OTC.QB: CYDY), […]
The share price of Aurora Cannabis (ACB) has been exploding since the company released its surprisingly positive earnings. The report showed the company generating much more revenue than expected, while revealing the numbers associated with cutting costs and expenditures.Investors need to be very cautious now that it has run up so high, as there is no doubt when it starts correcting it’s going to happen fast. You don’t want to be on the wrong side of the trade, although those shorting it correctly will make a lot of money, just as those that went long have.Indeed, most of Wall Street …read more […]
Facebook Inc is launching Facebook Shops, a service that will allow small businesses to display and sell their products on the social network’s platforms, Chief Executive Officer Mark Zuckerberg said on Tuesday.
Casino giant Caesars’ mountains of debt raises uncertainty about its pending merger with Eldorado (ERI) amid the pandemic, says Dan Wasiolek, senior equity analyst at Morningstar. …read more […]
It continues to be a world of Facebook, Apple, Amazon, Netflix and Google. …read more […]
The automaker also is working on next-generation batteries even more advanced than the new Ultium battery that it unveiled in March, according to GM Executive Vice President Doug Parks, who was speaking at an online investor conference. Reuters reported exclusively in early May that Tesla, in partnership with Chinese battery maker CATL, plans to introduce its own million-mile battery later this year or early next. …read more […]
President Donald Trump announced on Monday that he is consuming the controversial drug hydroxychloroquine. Trump also threatened to end funding for the World Health Organization. Yahoo Finance’s Anjalee Khemlani weighs in.
…read more […]
Oil prices pulled back slightly on Tuesday as a U.S. Senate committee grilled Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin about aid packages intended to bolster the economy.
Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and an improvement in bookings on some routes, sending their shares higher, though executives warned that rebuilding demand to pre-pandemic levels would be tough.
The S&P 500 was largely unchanged on Tuesday, after a strong rally in the prior session, as investors sifted through a mixed batch of results from major retailers including Walmart and Home Depot.
Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell answer Minnesota Senator Tina Smith’s questions on producing jobs. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
