Year: 2020

September has been anything but kind to tech stocks. After hitting a record high at the beginning of the month, fears that tech valuations had climbed too high crept into investors’ minds. As a result, tech stocks have been feeling the heat, with the NASDAQ down 10% since September 2. The index currently sits at 10,853.55, following its fifth decline in six sessions. While September is traditionally a volatile month for Wall Street, the upcoming presidential election, ongoing pandemic and flaring U.S.-China tensions are also weighing on investors. However, analysts remind investors that beaten-down doesn’t mean out, arguing the …read more […]

President Donald Trump describes Democratic challenger Joe Biden as a “tool” of “radical socialists” who are bent on taxing every American business and household into bankruptcy. In reality, Biden has taken a relative consistent approach over five decades in politics and during his latest White House bid. The former senator and vice president backs an active federal government that he says should support but not constrict private enterprise, and he believes the highest federal tax burden should fall on the wealthiest. …read more […]

Benzinga took a look at high profile IPOs coming in the second half of 2020. Six of those 13 companies could price the week of September 14. Here is a look at the 12 companies expected to go public.Amwell: Alphabet Inc. (NASDAQ: GOOG) backed Amwell (NYSE: AMWL) plans to sell 35 million shares in a range of $14 to $16. Amwell is a leading telehealth company that is a rival to Teladoc Health (NYSE: TDOC), a company who has seen its stock rise more than 130% in 2020. As part of the $100 million investment from Google, Amwell will switch …read more […]

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is… …read more […]

Apple is hosting a major product event on Sept. 15, where the company is expected to debut a new Apple Watch and iPad. …read more […]

The big shareholder groups in Tupperware Brands Corporation (NYSE:TUP) have power over the company. Large companies… …read more […]

Peloton Interactive, Inc. (NASDAQ:PTON) shareholders will have a reason to smile today, with the analysts making… …read more […]

(Bloomberg) — Turkey had its debt rating cut deeper into junk by Moody’s Investors Service, which warned of a possible balance-of-payments crisis in assigning the lowest grade it’s ever given to the country.The sovereign credit rating was cut to B2, five levels below investment grade and on par with Egypt, Jamaica and Rwanda. The company kept a negative outlook on the rating, saying fiscal metrics could deteriorate faster than currently expected.“Turkey’s external vulnerabilities are increasingly likely to crystallize in a balance-of-payments crisis,” London-based Moody’s analysts Sarah Carlson and Yves Lemay said in a report Friday.Moody’s, which last downgraded Turkey more …read more […]

September traditionally signals back-to-school, but has the month signaled something else for investors? To follow up a historic rally, September has seen steep losses across the board, with the S&P 500 slipping 5% since the month kicked off. This decline has led some to wonder, is this just a correction, or is it the beginning of another bear market? Hedge fund manager David Tepper has said the market is “maybe the second most overvalued” he has ever witnessed, only behind the 1999 dot-com bubble. “The market’s pretty high and the Fed’s put a lot of money in here … the …read more […]

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On September 10, JetBlue announced that it will launch 24 new routes later this year in anticipation of improving demand for leisure travel.JetBlue (JBLU) believes that the new routes will enhance its strength in its focus cities, in Florida, in Latin American, the Caribbean and on cross-country routes. The carrier’s new flights will start in November and December, with ticket sales having already started on September 10.The new routes will help JetBlue in reactivating some temporarily parked aircraft, the company says.Scott Laurence, head of revenue and planning, JetBlue stated, “This latest series of new routes – even in the current …read more […]

Netflix Co-Founder and Co-CEO Reed Hastings joins ‘Influencers with Andy Serwer’ to discuss the company’s shift toward original content. …read more […]

Phase three trials for the AstraZeneca (AZN)/ Oxford coronavirus vaccine, AZD1222, have now resumed in the UK following confirmation by the Medicines Health Regulatory Authority (MHRA) that it was safe to restart.On 6 September, AZN paused all its global vaccine trials to allow the review of safety data by independent committees, and international regulators. The company said the voluntary move was triggered by its standard review process, but did not disclose any further information.“The UK committee has concluded its investigations and recommended to the MHRA that trials in the UK are safe to resume” AZN stated on September 12. The …read more […]

Merck & Co. (MRK) has now started testing its experimental Covid-19 vaccine candidate V591 in healthy volunteers, according to a report from the Wall Street Journal.The Phase 1 / 2 trial, which will take place in Belgium with 260 enrolled subjects, was reported by Merck on a government database and confirmed by the company, says the Wall Street Journal.According to the publisher, Merck said that dosing in study subjects has begun, but did not provide further comment.Merck gained the rights to V591 via its May acquisition of Themis, an Austrian vaccine maker developing vaccines and therapies based on an innovative …read more […]

SoftBank Group Corp. is on the cusp of inking a deal to sell British chip designer Arm Holdings to Nvidia (NVDA) for more than $40 billion, says the Wall Street Journal, citing people familiar with the matter.According to the report, the cash-and-stock deal currently being negotiated would value Arm in the low $40 billions, the people said. SoftBank snapped up Arm four years ago for $32 billion.Meanwhile the Financial Times reports that the deal could be announced as soon as Monday.According to Arm co-founder Hermann Hauser a sale to Nvidia would spell trouble for the company. He told the BBC …read more […]