
Year: 2020


Banks lobby Aramco for incentive fee after slim IPO pickings: sources
Global banks who worked on Saudi Aramco’s record initial public offering are pushing for an additional “incentive fee”, three sources familiar with the matter said, as they try to boost relatively low earnings from the deal.


Tesla stock surges after analyst Oppenheimer raises price target
Tesla stock topped $500 per share after Oppenheimer raised price target to $612 a share. Yahoo Finance’s Julie Hyman, Adam Shapiro, Akiko Fujita and Liz Young BNY Mellon Investment Management Director of Market Strategy discuss. …read more […]

3 Canadian CBD Players Coming to America; Here’s What You Need to Know
One major catalyst for the U.S. cannabis market is cannabinoid or CBD sales. The passage of the 2018 Agriculture Improvement Act (farm bill) legalized hemp production setting the market up for a strong sales ramp.Hemp contains less than 0.3% of tetrahydrocannabinol (THC), whereas marijuana contains up to 30% of the psychoactive compound. CBD is increasingly presumed to contain properties for wellness and pain management increasing the attractiveness of hemp-infused CBD products, but the U.S. FDA has other thoughts.The FDA has questioned the lack of safety research on CBD products and placed into question the approval of edibles. In addition, CBD …read more […]

Citi’s corporate banking arm aims to pick up steam as market cools down
When Citigroup Inc combined businesses that cater to big companies in 2018, management wanted dealmakers, traders and traditional corporate bankers to combine forces and propel Citi toward the top of Wall Street market-share rankings.

CytoDyn (OTC: CYDY) Files for Breakthrough Therapy Designation with the FDA for the Use of Leronlimab for the Treatment of Metastatic Triple-Negative Breast Cancer
VANCOUVER, Washington, Jan. 13, 2020 — CytoDyn Inc. (otc.qb:CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that the […]

Microsoft CEO Satya Nadella: Winning the JEDI cloud contract should cause a 'halo effect'
Yahoo Finance speaks with Microsoft CEO Satya Nadella about the company’s big JEDI contract win from the U.S. government. …read more […]

Supreme Court asks Enforcement Directorate to seize local assets of JPMorgan – report
The Supreme Court on Monday directed the government’s crime fighting agency to seize local assets of JPMorgan in relation to some transactions the bank engaged in with a local real estate company in 2010, according to a Press Trust of India report in Business Standard. JPMorgan declined to comment on the news. India’s Enforcement Directorate (ED) did not immediately respond to a Reuters email requesting comment. …read more […]

India’s Supreme Court asks crime fighting agency to seize local assets of JPMorgan: report
India’s Supreme Court on Monday directed the government’s crime fighting agency to seize local assets of JPMorgan in relation to some transactions the bank engaged in with a local real estate company in 2010, according to a Press Trust of India report in Business Standard.

Oil falls 1% as Mideast tensions ease, U.S. gasoline stocks weigh
Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following a bearish U.S. report last week showing a large gasoline stockbuild.

Stocks, dollar gain ahead of U.S.-China trade deal
The dollar edged higher while a gauge of global equity markets rose on Monday, lifted by optimism over the planned signing this week of a U.S.-China trade deal and expectations the start of the U.S. corporate earnings season will not disappoint.

Microsoft CEO on Pentagon’s $10 Billion JEDI Contract
Yahoo Finance’s Brian Sozzi joins On The Move from NRF to discuss Microsoft and its newest innovations. …read more […]

Weekly CEO Buys Highlight
Details the CEO buys this past week for Hersha Hospitality Trust and OPKO Health Continue reading… …read more […]

Peloton plans to open more retail locations
Senior vice president of Peloton retail Jennifer Parker tells Yahoo Finance the company’s store base could ‘double’ over time. …read more […]