Trading Ideas
Is Bayer Aktiengesellschaft (ETR:BAYN) A Smart Pick For Income Investors?
Today we’ll take a closer look at Bayer Aktiengesellschaft (ETR:BAYN) from a dividend investor’s perspective. Owning a… …read more […]
Year: 2020
Trading Ideas
Moderna Wins $483 Million US Government Award To Develop Coronavirus Vaccine
Biopharma Moderna Inc (MRNA) has announced a $483 million government award to fund manufacturing scale-up and the development of the company’s SARS-CoV-2 vaccine mRNA-1273 to FDA licensure.The NIH-led Phase 1 study of mRNA-1273 has already completed enrollment of 3 dose cohorts (25 µg, 100 µg and 250 µg) and is now expanding to an additional 6 cohorts of older adults and elderly adultsLooking ahead, the company expects the Phase 2 study to begin in Q2 2020, following safety data from the ongoing Phase 1 study.In addition, Moderna will now hire up to 150 new team members to support efforts following …read more […]
Business News
Oil mixed as China economy gloom overshadows plans to ease U.S. coronavirus lockdown
Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump’s early plans to revive the U.S. economy.
Business News
Volvo Cars to restart production in Sweden next week
Volvo Cars will reopen its Torslanda factory and offices in Sweden next week after overhauling its production processes to help prevent coronavirus infections, following a three week shutdown caused by the pandemic, the carmaker said on Friday.
Business News
Amazon France CEO hopes can reopen warehouses ‘very quickly’
Amazon does not know when its warehouses in France might reopen but hopes it can be soon, the head of its French business said on Friday.
Trading Ideas
Boeing restarting commercial airplane production next week
“Our industry will need the government’s support, which will be critical to ensuring access to credit markets and likely take the form of loans versus outright grants,” Boeing Chief Executive Dave Calhoun told employees in a letter seen by Reuters. About 27,000 Boeing workers in the Puget Sound area will return to production of the 747, 767, 777 and 787 jet programs. In January, Boeing halted production of the 737 MAX after two fatal crashes in five months. …read more […]
Business News
Tata Consultancy shares rise on deal wins, hiring promise
Shares of Tata Consultancy Services Ltd rose as much as 7.9% on Friday as investors shrugged off the software service firm’s warning on coronavirus risks to focus on sales wins and its promise to push ahead with hiring this year.
Trading Ideas
The Global Airline Shutdown Has a Surprise Victim: Gold Miners
(Bloomberg) — The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty — gold miners looking to transport their metal to refineries.Producers typically rely on regular airline services to ferry mined metal — called dore — from remote operations to the specialist plants that separate out the precious metals and craft them into bars or coins.That’s becoming more difficult with a large swathe of global aircraft grounded, including about two-thirds of the passenger jet fleet, according to Cirium, an airline industry data provider.“Where we’ve had to be doing more work is getting dore — the metal …read more […]
Business News
Oh brother! Coronavirus calls split family fortunes on Wall Street
(This story contains language that some readers might find offensive in the 21st paragraph)
Business News
Locked-down investors aim algorithms at chaotic currency markets
A new breed of trading algorithms has deftly navigated the turbulence in currency markets caused by the coronavirus pandemic, driving up demand for robots and potentially reshaping the world of foreign-exchange dealing beyond the crisis.
Trading Ideas
Stocks Climb as U.S. Paves Way to Reopen Economy: Markets Wrap
(Bloomberg) — Asian stocks climbed with U.S. and European futures amid tentative steps to restart the American economy and progress on the fight against the coronavirus. Traders looked past Chinese data showing its economy contracted for the first time in decades.Shares saw strong gains across the region, while contracts on the S&P 500 jumped over 3%. Treasuries fell with the dollar. Earlier, President Donald Trump outlined plans for the reopening and investors assessed a report that Gilead Sciences Inc. is seeing improvements in coronavirus sufferers taking its drug. Oil fluctuated around $20 a barrel. Gold slipped, though the yen strengthened …read more […]
Business News
China crude oil runs hit 15-month low as virus cripples demand
China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but there are some signs of recovery as the country begins to ease virus-related curbs.
Business News
Oil mixed as shrinking China economy overshadows Trump plan to ease U.S. coronavirus lockdown
Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump’s early plans to revive the U.S. economy.
Business News
Cathay Pacific to close U.S. cabin crew bases, laying off 286 staff
Hong Kong’s Cathay Pacific Airways Ltd will close its three cabin crew bases in the United States, the airline said on Friday, laying off 286 staff as the coronavirus pandemic has virtually halted global travel.
Business News
Hobbled by coronavirus, China’s first-quarter GDP shrinks for first time on record
China’s economy shrank for the first time in almost three decades of records in the first quarter, as the coronavirus paralysed production and spending, raising pressure on authorities to do more to stop mounting job losses.