Year: 2020

(Bloomberg) — Futures on U.S. stock indexes jumped after data published on a potential Covid-19 vaccine showed an encouraging response in a safety trial.September contracts on the S&P 500 rose 1% as of 9:10 a.m. in Tokyo, while futures on the Nasdaq 100 climbed 0.7%. Results published Tuesday in the New England Journal of Medicine said Moderna Inc.’s drug produced antibodies to the coronavirus in all patients tested in an initial safety trial.“I think it’s very positive,” said Peter Mallouk, president and chief executive officer of wealth management firm Creative Planning. “What we have is reaffirming what the market thought …read more […]

(Bloomberg Opinion) — About two months after releasing preliminary Covid-19 vaccine data that sent the stock market into a tizzy, Moderna Therapeutics Inc. finally published a complete look at the initial human trial of its drug late Tuesday — and it promptly moved the market again.Moderna shares surged 20% on the results after the close Tuesday, and stocks in general got a loft as well. Is it warranted? For sure, the expanded results published in the New England Journal of Medicine contain good news about the vaccine’s early attributes. However, they mainly put what the company revealed in its sparse …read more […]

Posted by OFX AUD – Australian Dollar The Australian dollar crept higher through trade on Tuesday, supported by underlying USD weakness and a small uptick across risk assets. Trade was choppy and moves relatively modest as ranges across currency markets narrowed. The AUD has struggled to break outside a 70 point range … Continue reading “AUD trades sideways as broader ranges narrow”The post AUD trades sideways as broader ranges narrow appeared first on . …read more […]

Challenging – this is one word getting extra use these days, frequently describing the headwinds industries affected the most by COVID-19 are facing.Undoubtedly, it is an apt description of the situation A&D giant Boeing (BA) currently finds itself in. Appearing to be on the verge of bankruptcy after the initial coronavirus wave, the recent spike in cases hasn’t made predicting what’s on tap in the near-term any easier.With its Q2 earnings release on the horizon (July 29), Cowen analyst Cai von Rumohr argues the Street is underestimating the headwinds Boeing must face on the way to recovery.“Q2 will be a …read more […]

The Dakota Access oil pipeline can continue to operate amid an ongoing court battle, a U.S. Appeals Court said on Tuesday, setting aside for now a lower court’s order earlier this month to shut and empty the line. The U.S. Court of Appeals for the District of Columbia granted Dakota Access, controlled by Energy Transfer LP , an administrative stay while it considers whether the line, long opposed by local tribes and environmental activists, should be shut due to permitting issues dating to 2017. On July 6, the U.S. District Court for the District of Columbia ordered the …read more […]

(Bloomberg) — OPEC+ is seeking extra production cuts from members that haven’t missed their targets again in June, potentially tempering the impact of the supply resumption planned by the wider coalition next month.A technical committee that met online on Tuesday outlined plans for countries including Iraq, Nigeria and Kazakhstan to make an additional 842,000 barrels a day of compensatory cuts in August and September, according to delegates.The proposal will be discussed on Wednesday by a ministerial monitoring committee led by Saudi Arabia and Russia, the delegates said, asking not to be named because the information isn’t public. They’re expected to …read more […]

It may sound really, really strange…
But in today’s newest Trade Talk Tuesdays video, I tell you why I’m now calling this unique “vending machine” company the “next Whole Foods.”
Once you see my logic, you’ll understand the connection…
And you’ll also see the enormous profit opportunity.
Check it out by clicking the link below!

For full instructions on how to play picks like this, join me in The War Room today!
The post This “Vending Machine” Company Is the Next Whole Foods appeared first on Investment U. …read more […]

Shares of the vaccine maker Moderna (MRNA) are up by double digits in after-hours session Tuesday, thanks to a positive clinical update for its experimental coronavirus vaccine mRNA-1273. “Phase 1 data demonstrate that vaccination with mRNA-1273 elicits a robust immune response across all dose levels and clearly support the choice of 100 µg in a prime and boost regimen as the optimal dose for the Phase 3 study,” said Tal Zaks, Chief Medical Officer of Moderna.Following Moderna’s massive gains so far this year, 333% to be exact, is now the right time to recommend investors snap up shares? Jefferies analyst …read more […]

After sitting back and doing nothing through the March stock market crash, Warren Buffett has finally bought something…
And it’s BIG!
Buffett watchers have been dying to see which beaten-down sector he would swoop into to lock down an epic bargain.
In 2008, Buffett made billions for his Berkshire Hathaway (NYSE: BRK-A) shareholders.
At the depths of the financial crisis, he made brilliant investments in companies like Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS) and General Electric (NYSE: GE) at incredible terms for Berkshire.
So where did Buffett unload some of Berkshire’s $137 billion war chest this time?
Pipelines – more specifically, natural gas …read more […]

Stock futures opened higher Tuesday evening after newly published data from Moderna fueled hopes that a vaccine providing protection against Covid-19 would be developed in the relative near-term. …read more […]

Secretary Ben Carson joined Yahoo Finance’s Sibile Marcellus and responded to Bank of America’s statement regarding the Housing and Urban Development’s disparate impact rule. …read more […]

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Moderna is set to begin a late-stage vaccine trial in late July. This comes as, Dr. Redfield, director of the CDC, said that the surge of cases in the south of the U.S. might have been caused by Northerners who traveled to the southern states for vacation around Memorial Day. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]

Stocks extended gains Tuesday afternoon as investors digested an early batch of corporate earnings results. While Wells Fargo and Delta reported quarterly results that missed street expectations, JPMorgan Chase kicked off earnings season on a high note. The Nasdaq trailed the S&P 500 and Dow due to a tech-led rally from the past couple weeks losing steam. …read more […]