Fifty early bitcoins have been moved from a wallet that’s been dormant since 2009.The post Someone just moved a block of bitcoins first mined in February 2009 appeared first on The Block. …read more […]
Wall Street’s main indexes surged and the Nasdaq hit its highest level in three months on Wednesday as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors.
Oil prices climbed more than 4% on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but gains were capped by worries over the economic fallout from the coronavirus pandemic and weak refining margins.
(Bloomberg) — Honeywell International Inc. has been thinking about what it will take to coax people back onto airplanes. A virus-killing robot that can patrol empty aisles between flights, zapping out ultra-violet light, makes a good start.The company has more in mind: temperature-taking cameras that can also flag airport officials when people aren’t wearing a face mask properly, a system that spots overcrowded areas, and air-quality sensors that constantly monitor for pathogens.“We think these systems will be absolutely sufficient to get people back on planes,” said Mike Madsen, chief of Honeywell’s aerospace unit, which provides a wide range of aircraft …read more […]
Facebook is up nearly 5 percent Wednesday morning after the announcement of Facebook and Instagram Shops. Yahoo Finance’s Heidi Chung breaks down details. …read more […]
A surge in Target Corp’s online sales due to panic buying during the coronavirus crisis helped the big-box retailer post better-than-expected quarterly results on Wednesday, even as it grappled with soaring operational costs.
Cowen Healthcare Investments (CHI) is breaking headlines after raising $492 million for a third healthcare fund. The fundraising began well before the coronavirus outbreak in America. A Securities and Exchange Commission (SEC) filing shows Cowen had already raised $332 million as of September 2019.
This fund will enhance the company’s investment strategy into biotech, digital health, drug development and diagnostics. With Cowen’s previous two funds, it’s backed 38 private healthcare companies and has participated in series B rounds other businesses. This includes Semma Therapeutics, a stem cell therapy company that was bought for close to $1 billion in 2019.
What is Cowen …read more […]
Lowe’s Cos Inc warned on Wednesday that high spending on do-it-yourself projects by people hunkered down at home due to coronavirus lockdowns would taper off in the coming months, as a deep economic recession looms on the horizon.
Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the latest earnings reports for Lowe’s, Home Depot, Target, and Walmart with Morgan Stanley Retail Analyst Simeon Gutman. …read more […]
Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors.
(Bloomberg) — Venezuela’s central bank sued the Bank of England for access to $1 billion in gold reserves to combat the coronavirus.The Venezuelan bank asked the BOE to liquidate the gold and send the funds to the United Nations Development Programme (UNDP), which is working with the country to prepare for an increase in Covid-19 cases, Zaiwalla & Co., a London law firm representing Venezuela, said Wednesday in a statement.While the coronavirus pandemic adds a dramatic new twist to the dispute, the lawsuit is part of a long-running fight over the funds related to American efforts to cut off President …read more […]
Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak with Sorrento Therapeutics Founder & CEO Dr. Henry Ji about the company’s experimental antibody STI-1499. …read more […]
Target’s sales surged in the first quarter, fueled by people spending during the coronavirus outbreak. Sucharita Kodali, Forrester Research Retail analyst, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the retailers earnings report and how it compares to its competitors. …read more […]
OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the group has not ruled out further steps to support the market.
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