The Trump administration is preparing an up to $1 trillion infrastructure package focused on transportation projects as part of its push to spur the world’s largest economy back to life, a source familiar with the situation said on Tuesday.
Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi , Audi said on Tuesday.
Hotel chain Hilton Worldwide Holdings Inc said on Tuesday it would cut 2,100 corporate roles globally in response to the coronavirus outbreak.
A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chair Jerome Powell said on Tuesday as he began the first of two days of hearings before U.S. lawmakers.
Shares in Eli Lilly & Co (LLY) jumped 13% after the drugmaker reported that the results of a late stage study of its breast cancer therapy Verzenio met the primary endpoint of “significantly” reducing its recurrence in early stages.The stock surged 13% to $159.40 in early market trading after the drugmaker disclosed positive results of its Verzenio therapy in a Phase 3 study of 5,637 people whose early breast cancer is at a high risk of recurrence. Despite progress in the treatment of breast cancer, about 30% of people diagnosed with early breast cancer are at risk of their cancer …read more […]
U.S. business inventories fell more than expected in April as the COVID-19 crisis depressed imports, suggesting inventory investment could again be a drag on economic output in the second quarter.
Business conditions in the New York region began to show signs of improvement in June, and companies have started bringing their staff back to work and feel slightly more optimistic about the near-term future, according to a report released Tuesday by the New York Federal Reserve.
Anne Zimmerman, Co-Chair Small Business for America’s Future, joins Yahoo Finance to discuss, the future outlook for small businesses amid COVID-19. …read more […]
Oil prices jumped around 4% on Tuesday after the International Energy Agency (IEA) increased its oil demand forecast for 2020 and as record supply cuts provided support.
A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chair Jerome Powell said on Tuesday as he began the first of two days of hearings before U.S. lawmakers.
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out […] …read more […]
Truck- and construction equipment maker AB Volvo plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement on Tuesday, citing the effects of the COVID-19 pandemic.
U.S. stocks jumped on Tuesday after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug.
A patchwork of national restrictions and a reluctance among travellers to cross borders mean European airlines face a bumpier return to the skies from coronavirus lockdowns than U.S. and Asian rivals.
Stripe stock may be a fintech hit in the market over the coming years. However, will this growing business go public anytime soon?
Since 2010, Stripe has seen steady growth with many successful funding rounds as well. In fact, its value is exploding. Many investors are licking their chops for a potential IPO.
Will Stripe Stock Come Sooner Rather Than Later?
Before discussing Stripe’s potential in the market, it’s important to learn about the business itself. Stripe was founded in 2010 in San Francisco, California.
Six years later, Stripe’s value was up to $20 billion. In 2020, Stripe is now worth $35.3 billion. It …read more […]
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