Trading Ideas
If Trump isn't re-elected as president, here's what may happen to corporate profits
Let the predictions begin for the stock market should President Trump not win re-election. …read more […]
Month: June 2020
Business News
Stocks gain on quick economic revival hopes, oil slides
A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi Arabia said an extension of output cuts by producer nations would not include extra cuts by three Gulf countries.
Trading Ideas
Analyst on possible AstaZeneca-Gilead deal: Strange at first sight, but maybe not that much
AstraZeneca approached drugmaker Gilead about a potential merger. Raymond James Healthcare Policy Analyst Chris Meekins joins Yahoo Finance’s On The Move to discuss. …read more […]
Trading Ideas
The US economy is officially in recession
The National Bureau of Economic Research said Monday that the COVID-19 crisis has officially launched the U.S. economy into a recession, thus ending the longest economic expansion on record. …read more […]
Business News
U.S. economy entered recession in February: NBER
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining U.S. business cycles said on Monday.
Business News
AstraZeneca, Gilead merger doubted by Wall Street analysts
A merger between AstraZeneca and Gilead Sciences Inc is unlikely due to significant political hurdles, Wall Street analysts said on Monday after a Bloomberg report that the British drugmaker last month had contacted its U.S. rival about a deal.
Trading Ideas
Upcoming Korean COVID-19 Vaccine Trial Marks Key Milestone for Inovio (INO); 5-Star Analyst Says ‘Buy’
Global economies have started reopening, yet the battle against COVID-19 wages on. Researchers and healthcare organizations are racing to develop a vaccine capable of preventing COVID-19 infections, and Wall Street is speculating as to who will emerge victorious.To this end, investor focus has locked in on Inovio Pharmaceuticals (INO). On June 4, Inovio, the International Vaccine Institute (IVI) and Seoul National University (SNU) Hospital announced they would collaborate on the initiation of a Phase 1/2 trial of INO’s COVID-19 DNA vaccine, INO-4800, in South Korea later this month. This will mark the country’s first COVID-19 vaccine clinical study, with it …read more […]
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Giving Away the House? Las Vegas Resorts Reopen With Rock-Bottom Rates
Initial visitors to Sin City following coronavirus shutdowns may feel like they hit a jackpot before they even board a plane. Some Las Vegas casino resorts reopened last week after Nevada lifted coronavirus restrictions that had been in place since late March. Travelers looking to book a room were greeted by an array of deals […] …read more […]
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Sorrento’s COVID-19 Cocktail Could Drive Major Upside, Says Analyst
Will a single antibody be enough to stomp out a COVID-19 infection? Sorrento Therapeutics (SRNE) says no. Rather, the company believes that an antibody cocktail could be capable of providing protection against a SARS-CoV-2 coronavirus infection, with the cocktail remaining effective should the virus mutate.To find the select few with the ability to block the S1 protein’s interaction with human angiotensin-converting enzyme 2 (ACE2), the receptor used for viral entrance into human cells, SRNE assessed billions of antibodies. Now, after announcing yet another monoclonal antibody (MaB), STI-4938 (COVIDTRAP), was able to inhibit SARS-CoV-2 viral infection in vitro, some members of …read more […]
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Stocks to invest in as reopening optimism fuels markets
TD Ameritrade Trader Strategy Manager Shawn Cruz joins Yahoo Finance’s On The Move to address what stocks investors are buying amid market volatility. …read more […]
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German facing economic strain as Trump announces troop withdrawal
U.S. President Donald Trump decided to withdraw thousands of troops from Germany. Meanwhile, European markets opened lower on Monday, as new data showed German factories suffered their steepest decline in production on record in April. Yahoo Finance’s Tom Belger weighs in. …read more […]
Business News
Wall Street marches higher on hopes of swift economic rebound
Wall Street’s main indexes rose on Monday, building on last week’s sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery from a coronavirus-driven downturn.
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Casino stocks skyrocket after reopening, U.S. airlines add flights amid pandemic
Casino stocks skyrocket upon Las Vegas reopening and airlines add flights as demand increases. Yahoo Finance’s On The Move panel shares the details. …read more […]
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Saudi Arabia to End Extra Voluntary Oil Cuts After June
(Bloomberg) — Saudi Arabia’s extra voluntary oil-production cut, which came on top of the OPEC+ supply curbs, will cease at the end of this month as demand recovers.Crude prices erased gains as Energy Minister Prince Abdulaziz bin Salman said the kingdom’s additional reductions, which amounted to about 1.2 million barrels a day including contributions from its closest allies in the Persian Gulf, will only take effect in June as planned.That means the cartel’s total supply reduction this month of almost 11 million barrels a day will taper gradually in the coming months.“The voluntary cuts served their purpose and we are …read more […]
Business News
Dunkin’ franchisees to hire up to 25,000 workers as U.S. states reopen
Dunkin’, a unit of Dunkin’ Brands Group Inc , said on Monday its franchisees are seeking to hire up to 25,000 workers as it prepares for higher demand, with U.S. states reopening after months-long lockdowns to contain the spread of the novel coronavirus.