Trading Ideas
HP crushes earnings estimates on work-from-home PC demand — top exec says 'we are undervalued'
Yahoo Finance catches up with HP’s CEO Enrique Lores fresh off its second fiscal quarter earnings report. …read more […]
Year: 2020
Business News
BlackRock says voted to split CEO, chairman roles at Exxon Mobil
Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman and against the reelection of two directors at Exxon Mobil Corp over the company’s approach to climate risks.
Business News
U.S. states sue Trump administration over fuel efficiency rollback
A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards.
Trading Ideas
Homebuying surges as mortgage rates and home prices plummet
Mortgage applications from homebuyers spike, thanks to cheaper homes and mortgage rates. …read more […]
Business News
Moderna rally loses steam over COVID-19 vaccine worries
Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc , fell about 10% on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development.
Business News
Stocks rally on EU stimulus plan, euro gains
The euro and equity markets advanced on Wednesday as enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws.
Trading Ideas
Boeing laying off 6,700 U.S. workers; thousands more planned
Boeing is laying off over 6,700 of its U.S. workers, with “several thousand” more layoffs planned. Yahoo Finance’s Emily McCormick and Akiko Fujita discuss. …read more […]
Trading Ideas
Sorrento Takes Another Leap Forward with Recent FDA Clearance, Says Top Analyst
And the W’s just keep on coming for Sorrento Therapeutics (SRNE). Reflecting a major step forward in the advancement of its candidate, STI-6129, a CD38-targeting antibody-drug conjugate (ADC), the company received the all-clear from the FDA to submit an Investigational New Drug (IND) application.Part of the excitement surrounding this announcement is related to the design of the asset itself. STI-6129 was created using SRNE’s unique technology that includes a CD38-specific antibody identified from its fully human G-MAB antibody library, its patented drug payload Duostatin 5 and its site-specific CLOCK conjugation technology.On top of this, the company wants to kick off …read more […]
Business News
Huawei CFO Meng loses key court fight against extradition to United States
Huawei Technologies Co’s Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to avoid extradition to the United States to face bank fraud charges.
Business News
Mgm Resorts to re-open its Las Vegas casinos on June 4
Mgm Resorts said on Wednesday it would re-open its Las Vegas casinos on June 4 after months of closure due to public health restrictions related to the novel coronavirus pandemic on June 4.
Business News
U.S. businesses slammed by pandemic but see some green shoots, Fed says
U.S. businesses continued to be hammered by the effects of the novel coronavirus epidemic in the United States into the middle of May, a Federal Reserve report showed on Wednesday, and few expected a swift recovery despite some signs of hope.
Business News
Wall Street gains amid economic hopes; tech shares decline
The Dow and S&P 500 rose on Wednesday, powered by banks stocks, as optimism for an economic recovery as lockdowns continued to ease overshadowed worries of simmering U.S.-China tensions.
Trading Ideas
Hedge Funds Started Cashing Out Of ViacomCBS Inc. (VIAC)
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]
Business News
American Airlines CEO quells U.S. bankruptcy talk, says demand improving
American Airlines Group Inc’s is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.
Trading Ideas
Boeing job cuts start to hit 12,000 US workers
A drop in travel due to the pandemic worsened the situation for the company, which was already in crisis. …read more […]