In an interview with Yahoo Finance, HUD Secretary Ben Carson said another broad shutdown would “destroy the financial infrastructure” of the US economy. …read more […]
Covaxx Co-Founder and Vice Chairman, Dr. Peter Diamandis, joins Yahoo Finance’s Brian Sozzi, Anjalee Khemlani and Yahoo Finance Correspondent Julia La Roche to discuss COVID-19 vaccine trials that are set to begin human testing this summer, future outlook for the company and more.
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(Bloomberg) — There are more signs of possible trouble ahead for high-flying technology stocks, this time from gauges of expected volatility.One alert stems from the widest spread since 2004 between the Cboe NDX Volatility Index, a measure of implied equity swings for the Nasdaq-100, and the counterpart so-called “fear gauge” for the S&P 500. Another comes from unusual simultaneous gains in the technology index and the NDX recently.This kind of pronounced shift in the relationship between the two volatility indexes tends to correspond with absolute and relative underperformance of the Nasdaq 100, particularly over three months, according to Julian Emanuel, …read more […]
Shares of vaccine maker Moderna (MRNA), a $26.5 billion company that lost half a billion dollars over the past year on sales of barely $50 million, are up more than four times from the $18-and-change price they sold for back at the beginning of the coronavirus crisis five months ago. And profits or no profits, they’re likely to go up a lot more today because of an announcement Moderna made after close of trading Tuesday.Releasing an “interim analysis” of the results from a Phase 1 study of its mRNA-1273 vaccine against COVID-19 Tuesday evening, Moderna confirmed that the results now …read more […]
The Treasury has launched a review of the capital gains tax system to “ensure the system is fit for purpose”. …read more […]
If you want to know who really controls VBI Vaccines Inc. (NASDAQ:VBIV), then you’ll have to look at the makeup of its… …read more […]
Yahoo Finance’s Brian Sozzi and Anjalee Khemlani break down the latest coronavirus news. …read more […]
(Bloomberg) — OPEC and its allies will restore some oil supplies next month, but the impact will be “barely felt” as demand recovers from the coronavirus crisis, said Saudi Arabia’s Energy Minister.After almost three months of historic output curbs to offset the worst effects of the global pandemic, the 23-nation coalition led by Riyadh and Moscow will proceed with its plan to gradually taper the reductions. The decision was widely expected but still carries some risks for the cartel after a resurgence of the virus in the U.S., the world’s largest oil consumer.Crude pared gains in New York, and was …read more […]
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we’d be… …read more […]
Is anything going to get in the way of the stock market’s rally? Even as the U.S. is expected to report a serious quarterly drop in GDP and unemployment rates remain at elevated levels, the market’s leap forward hasn’t been derailed, with the S&P 500 up 45% since hitting a low point on March 23.At the same time, the rate of new COVID-19 cases is climbing at a record-breaking pace, making it clear that the virus will be with us for some time. Given this alarming disconnect, it has become even more challenging to predict where the market might be …read more […]
(Bloomberg) — After securing more than $20 billion in investment from the likes of Google and Facebook Inc., Indian billionaire Mukesh Ambani laid out a vision for his digital venture as he seeks to build a homegrown technology titan that could rival global giants.Outlining plans for Jio Platforms Ltd. at the annual shareholders meeting of his conglomerate Reliance Industries Ltd. on Wednesday, Asia’s richest man talked mostly technology. He unveiled a slew of services, including a fifth-generation wireless network as early as next year and a mega video-streaming platform that will bring Netflix, Disney+ Hotstar, Amazon Prime and dozens of …read more […]
(Bloomberg) — Goldman Sachs Group Inc. made the most of a historic market rebound in the second quarter as the Federal Reserve’s stimulus efforts handed a bonanza to Wall Street trading desks.Revenue from trading stocks and bonds surged 93%, surpassing what analysts had expected by about $2.5 billion and mirroring similar gains reported Tuesday by JPMorgan Chase & Co. and Citigroup Inc. The bank also raked in record fees from helping companies raise cash needed to weather the coronavirus pandemic.“The turbulence we have seen in recent months only reinforces our commitment to the strategy we outlined earlier this year to …read more […]
(Bloomberg) — A hedge fund manager who returned 47% this year by betting on gold and Treasuries says the next decade is going to be marked by inflation that central banks are powerless to control.Diego Parrilla, who heads the $450 million Quadriga Igneo fund, says unprecedented monetary stimulus is fueling asset bubbles and corporate debt addiction — rendering interest-rate hikes impossible without an economic crash. In the ensuing market mania, the manager whose portfolio is loaded up with cross-asset hedges says gold could rise to $3,000 to $5,000 an ounce in the next three to five years, up from the …read more […]
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