Fujifilm Holdings Corp will spend $928 million to double capacity at a drug manufacturing facility in Denmark, which it has pledged to use in producing COVID-19 treatments, as the Japanese company steps up its pivot towards healthcare.
Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply and slumping fuel demand in the world’s largest crude consumer.
Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply and slumping fuel demand in the world’s largest crude consumer.
The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the billionaire chief executive of DoubleLine Capital, said on a webcast presentation on Tuesday.
Shares of Cathay Pacific Airways Ltd were set to open sharply up 18.7% on Wednesday after it announced a HK$39 billion ($5 billion) recapitalisation plan led by the Hong Kong government to help it weather the coronavirus pandemic.
Nvidia’s (NVDA) recent market trouncing performance has rested on several key drivers. Namely, the outstanding growth of its data center segment, which over the last few quarters has been closing the gap on Nvidia’s biggest revenue generator, gaming, and a “friendly” macro environment which has played to the GPU leader’s strengths.However, Nvidia has fingers in many pies, and is banking on several secular trends which are expected to ramp up in the 2020s. Along with making waves in the AI sector, the company is one of the leading players in the rising autonomous vehicle category.For Needham analyst Rajvindra Gill, the …read more […]
The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields at its policy meeting.
Chinese companies are putting off plans for U.S. listings as tensions between the world’s top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters.
Cathay Pacific Airways Ltd said it expects to repay the Hong Kong government for HK$19.5 billion ($2.52 billion) of preference shares over a three to five year period.
Think twice before adding these companies to your portfolio right now. …read more […]
Asian equities slipped on Wednesday after most U.S. stocks pared gains made during their recent rally, although the Nasdaq benchmark reached its second straight day at a record high as oil prices rose.
When it comes to Gilead Sciences (GILD), recent focus has landed squarely on its potential COVID-19 treatment, remdesivir, but now, it’s grabbing headlines for an entirely different reason.On Sunday, Bloomberg reported in an unconfirmed article that AstraZeneca (AZN) informally approached Gilead to discuss the possibility of a merger. It should be noted that currently, formal talks are not ongoing.Writing for RBC Capital, 5-star analyst Brian Abrahams tells clients that the market caps of GILD and AZN, which land at $96.6 billion and $138 billion, respectively, could make the transaction “one of the largest in recent memory.” He added, “Recall in …read more […]
(Bloomberg) — Apple Inc. told staff at its main Silicon Valley headquarters that the first phase of a plan to return to the office will begin on June 15, but stressed that most employees won’t go back for several months at least.Phase 1 will be “very limited” and workers will only be allowed in the office on certain days depending on their job, the Cupertino, California-based company wrote in a recent memo to staff. More details will be shared later this month, it added.Apple also reiterated in the memo that it is limiting how many people are allowed in buildings …read more […]
As a Canadian, I’ve spent almost all of my professional life working for businesses that pay me in U.S. dollars.
Early in my career, I was briefly taking my U.S. dollar paychecks and converting them into Canadian dollars at an exchange rate of 1.6 to 1. That meant that for every $1 I was paid, I was actually receiving $1.60 in my home currency.
For a young man just starting his career, it was fantastic!
Five years later in 2007 though, my currency bliss was gone.
Then, on the back of $100-per-barrel oil, the Canadian dollar was trading at a premium to the greenback. …read more […]
Week after week, viewers of my new Trade Talk Tuesdays video series continue to make huge profits…
One member made 248% in one week! Take a look at what he said…
“WSM in at $4.30 out at $15.00 – Thanks BB.” – Barry C.
Another member made more than $4 grand. He said…
“+$4,500 on WSM – I feel great.” – Verlyn D.
So let’s keep this going with today’s newest pick!
Never in a million years would I have thought I’d recommend a play like this.
So… just to mark this occasion…
Here’s something extra special for you today.
You won’t want to miss this.
My newest Trade Talk …read more […]
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