Trading Ideas
What To Know Before Buying Intel Corporation (NASDAQ:INTC) For Its Dividend
Today we’ll take a closer look at Intel Corporation (NASDAQ:INTC) from a dividend investor’s perspective. Owning a… …read more […]
Year: 2020
Business News
U.S. weekly jobless claims remain high as backlogs, layoffs linger
Millions more Americans filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
Business News
Wall Street set to fall as trade tensions add to virus woes
U.S. stock indexes eyed a weaker open on Thursday as growing Sino-U.S. tensions and weak retail earnings added to worries about the pace of a recovery from a coronavirus-fueled economic slump.
Trading Ideas
Jobless claims: Another 2.438 million Americans file for unemployment benefits
Another 2.438 million Americans filed for unemployment benefits last week, as the COVID-19 pandemic continued to wreak havoc on the U.S. labor market. …read more […]
Business News
TJX’s quarterly sales more than halve amid pandemic
TJX Cos Inc’s first-quarter sales more than halved on Thursday, as the off-price retailer’s stores and online operations remained shut for most of the quarter due to coronavirus-led lockdowns.
Business News
Exclusive: Baidu considers leaving the Nasdaq to boost its valuation – sources
Chinese search engine giant Baidu Inc is considering delisting from the U.S. Nasdaq and moving to an exchange closer to home to boost its valuation amid rising tension between the United States and China over investments, three sources said.
Trading Ideas
Oxford Vaccine Gets $1 Billion; Surge in Brazil: Virus Update
(Bloomberg) — Global coronavirus cases topped five million, doubling in the past month, and infections rose at a record pace in Brazil and Indonesia. AstraZeneca received $1.2 billion in U.S. funding to develop a vaccine, while CanSino Biologics signed a deal to test and sell a Canadian vaccine candidate.U.S. President Donald Trump suggested Chinese leader Xi Jinping was behind a “disinformation and propaganda attack,” and is set to tour Ford’s ventilator facility on Thursday. Cases stabilized in Russia and the emergency in Tokyo may soon be lifted.The euro-area economy started to claw its way out of its downturn and U.S. …read more […]
Business News
Could coronavirus help Amazon workers unionize?
Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.
Trading Ideas
AstraZeneca Can Make Up To 1B Covid-19 Vaccine Doses, Signs First Supply Pacts
UK-based pharmaceutical company AstraZeneca Plc (AZN) on Thursday disclosed that it has the capacity to produce 1 billion doses of its coronavirus vaccine should it prove to be successful. The stock rose 3.5% to $55.65 in pre-market U.S. trading.The drugmaker said it has signed first agreements for at least 400 million doses and has secured total manufacturing capacity for one billion doses of the potential vaccine, which it is developing with Oxford University. Start of deliveries are planned for September 2020, the company said in a statement.AstraZeneca is also working on entering into additional agreements supported by several parallel supply …read more […]
Business News
Best Buy revenue, profit beat estimates as online sales surge
Best Buy Co Inc’s quarterly revenue and profit topped analysts’ estimates on Thursday due to a surge in online sales of electronics needed for consumers to work from home.
Trading Ideas
Shell evacuates foreign staff from Iraq's Basra Gas project – executives
Royal Dutch Shell evacuated some 60 foreign staff from Iraq’s Basra Gas Company as a security measure following a protest over delayed pay, company officials said on Thursday, adding production was unaffected. The staff were flown out of the country on Wednesday after workers protested at the headquarters of Basra Gas Company (BGC), a venture between state-owned South Gas Company, Shell and Mitsubishi, to demand payment of their delayed salaries, officials said. “Shell confirms that as result of a security breach at the accommodation camp of Basra Gas Company, we have temporarily relocated Shell secondees,” Shell said in …read more […]
Business News
Macy’s warns of up to $1 billion quarterly loss due to lockdowns
Macy’s Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the retailer was forced to shut stores due to COVID-19 lockdowns.
Trading Ideas
Business News
Trump to visit Ford plant in battleground state Michigan amid tensions with governor
U.S. President Donald Trump travels to the political swing state of Michigan on Thursday to visit a Ford plant amid tension with the state’s Democratic governor and differences over the speed at which the country is reopening from its COVID-19 shutdown.
Business News
Best Buy quarterly same-store sales fall over 5%
Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic.