German luxury automaker BMW AG unveiled on Wednesday an electric sport utility vehicle (SUV) called the BMW iX, planned to go on sale in the United States in early 2022 to compete with Tesla Inc and other rivals. BMW said the iX should have a driving range of 300 miles (480 km). BMW said drivers would be able to add 75 miles of range in ten minutes at a fast-charging station. …read more […]
Hopes of the world soon getting an effective vaccine were raised on Monday after Pfizer said its COVID-19 vaccine is more than 90% effective based on interim trial results. It expects the safety data in the second half of this month. …read more […]
The latest analyst coverage could presage a bad day for Virgin Galactic Holdings, Inc. (NYSE:SPCE), with the analysts… …read more […]
German luxury automaker BMW AG unveiled on Wednesday an electric sport utility vehicle (SUV) called the BMW iX, planned to go on sale in the United States in early 2022 to compete with Tesla Inc and other rivals. BMW said the iX should have a driving range of 300 miles (480 km). BMW said drivers would be able to add 75 miles of range in ten minutes at a fast-charging station. …read more […]
(Bloomberg) — Billionaire Margarita Louis-Dreyfus agreed to sell a 45% stake in the eponymous agricultural trader to an Abu Dhabi sovereign wealth fund, opening the storied family business to outside ownership for the first time to secure desperately needed cash for its owner.Louis-Dreyfus, who controls more than 96% of the holding company that owns LDC, has been scrambling to raise funds after borrowing about $1 billion to buy out other family members and pledging some of her shares in the family business as collateral.The agreement with ADQ should reduce some pressure from lenders including Credit Suisse Group AG. Until now, …read more […]
Stock futures rose Wednesday as tech shares looked to make up some of their declines from earlier this week. …read more […]
Buy stocks because of a coming COVID-19 vaccine, says Goldman Sachs. …read more […]
It’s shaping up to be a tough period for NewAge, Inc. (NASDAQ:NBEV), which a week ago released some disappointing… …read more […]
Shareholders in Moderna, Inc. (NASDAQ:MRNA) may be thrilled to learn that the analysts have just delivered a major… …read more […]
As you might know, McDonald’s Corporation (NYSE:MCD) recently reported its third-quarter numbers. It looks like a… …read more […]
ImmunoGen, Inc. (NASDAQ:IMGN) shareholders will have a reason to smile today, with the analysts making substantial… …read more […]
(Bloomberg) — One after another, some of the most embattled names in corporate America are racing to raise easy money while they can.With the coronavirus surging anew across the nation, two prominent companies in the stricken travel industry — American Airlines Group Inc. and Carnival Corp. — outlined plans Tuesday to sell stock. Meantime, in the junk bond market, corporations with weak credit ratings are hurrying to lock in today’s ultra-low interest rates.The rush underscores the angst gripping many companies even as global investors drive financial markets to giddy heights. With reduced odds for a large stimulus package, companies looking …read more […]
Singles Day, a Black Friday-like shopping festival dreamed up by large retailers, is normally boom time for China’s major online platforms. And indeed Alibaba, which this year started its 11.11 event back on Nov. 1, claims a record $56 billion (RMB372 billion) of business, and sales coming in at up to 583,000 orders per second. […] …read more […]
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