Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would “raise serious competition issues” in many cities.
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
The central bank’s words and actions have sent mortgage rates through the floor. …read more […]
China Mobile Limited (HKG:941) is about to trade ex-dividend in the next 4 days. If you purchase the stock on or after… …read more […]
As I’m sure you know, the race for a vaccine is on… with each second the markets are open. The direction of the market depends on whether the vaccine news flow is positive or negative.
You saw that positive impact on Monday, when the Dow soared 1,000 points on the promise of Moderna’s (Nasdaq: MRNA) vaccine.
You also saw the negative impact yesterday afternoon, when doubt was planted about the true validity of Moderna’s vaccine effectiveness – and the markets got hit with a sharp and sudden reversal.
Clearly, the direction of the markets now hinges on the vaccine news – which is …read more […]
And just like that, the global race to advance a COVID-19 vaccine got turned up a notch. On Monday, mRNA specialist Moderna (MRNA) announced positive data regarding its COVID-19 vaccine candidate, mRNA-1273.5-star Oppenheimer’s Hartaj Singh applauds Moderna’s “unprecedented pace of development” and highlights the vaccine’s potential to accelerate the mRNA platform’s progress. In the first stage of the Phase 1 study across three different dose groups (25, 100, 250 µg), following the analysis of eight patients’ data, all developed neutralizing antibodies which stopped the virus from replicating. Additionally, the study showed the vaccine was safe, and that the …read more […]
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
L Brands will permanently close about 250 Victoria’s Secret and 50 Bath & Body Works stores. Most had been closed due to the coronavirus pandemic. …read more […]
Below, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Energy Transfer’s dividend safety.
Energy Transfer (NYSE: ET) is a favorite of income-seeking investors due to the stock’s strong distribution yield. (Energy Transfer is a master limited partnership, or MLP. MLPs pay distributions, not dividends.)
The company has 90,000 miles of pipelines and boasts that 30% of the United States’ oil and natural gas moves through those pipelines.
Now, thanks to the collapse in anything oil-related, the stock yields a whopping 15.7%. But can investors bank on continuing to receive the distribution?
Energy Transfer’s cash available for distribution (CAD), a measure of cash …read more […]
(Bloomberg) — Take-Two Interactive Software Inc. slipped in late trading after warning that the current boom in video-game play may fade after lockdowns end.“We do not have expectations for the increased engagement that we’ve seen of late through the back half of the year,” Chief Executive Officer Strauss Zelnick said in a phone interview Wednesday.So-called recurrent customer spending — the amount of money players spend after an initial game purchase — grew 47% in the fourth quarter ended March 31, driving blockbuster results. The company was expecting growth of about 10%.But shares of Take-Two fell as much as 5.9% in …read more […]
(Bloomberg) — Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and private tech giants like Huawei Technologies Co. to lay fifth generation wireless networks, install cameras and sensors, and develop AI software that will underpin autonomous driving to automated factories and mass surveillance.The new infrastructure initiative is expected to drive mainly …read more […]
Expedia Inc posted a bigger-than-expected quarterly loss and suspended quarterly dividends on Wednesday, as the COVID-19 pandemic decimated travel demand and hit bookings at the online agent.
Federal Reserve policymakers, still working to fully roll out a multi-trillion-dollar effort to shore up financial markets and an economy cratered by the coronavirus pandemic, last month dove into a new debate: how best to support the economy during a recovery they now agree could be slower and more fraught than initially thought.
Take-Two Interactive Software beat on both its top and bottom lines on its fourth-quarter earnings report released after hours on Wednesday. The software company announced that it was still seeing ‘heightened levels of engagement’ even though 2021 will see a lighter release of products. Yahoo Finance’s Jared Blikre breaks down the software company’s earnings report on The Final Round. …read more […]
The U.S. Senate passed a bill by unanimous consent on Wednesday to take on Chinese companies that are listed on U.S. exchanges. …read more […]
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