PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has been criticized for a racist history, amid a national debate over racial inequality in the United States.
Oil prices settled lower on Wednesday on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as U.S. crude stocks grew again, taking commercial inventories to another all-time high.
New coronavirus cases continue to spike around the globe, leading health and government officials in Austin, Texas, to extend stay-at-home orders, while Beijing announces it will close down schools and certain sectors of the economy again. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]
Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply.
A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution.
Ride-hailing company Lyft Inc on Wednesday said every vehicle on its ride-hailing and rental car platform will be electric by 2030, but it would not provide direct financial support to drivers for switching from gas-powered cars.
A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution.
LATAM Airlines Group on Wednesday said its Argentine subsidiary will cease operations indefinitely, canceling all domestic flights, its first major cutback since filing for bankruptcy protection.
2020 has seen a wave of chaos hit the stock market. Now, you can add the shenanigans surrounding bankrupt car rental company Hertz (HTZ) to the list, too.After filing for bankruptcy last month, perplexingly, Hertz stock soared by more than 1,200%, mostly as a result of speculative investors piling in on a penny stock’s momentum play. However, since peaking on June 9, the volatility has been off the charts. Last week, in sequential sessions, the stock dropped by 24%, 40%, 18%, and then climbed 37% higher following news that Hertz had inexplicably received the go ahead to issue up to …read more […]
(Bloomberg) — Moderna Inc. executives have been continuing a slow unwind of their positions — even though a lockup remains in place until Thursday.After a $1.3 billion share sale in May, the vaccine developer’s second cash raise this year, early investors and Moderna management were once again restricted from selling shares. On June 18, those insiders will get a fresh chance to cash in on Moderna’s stratospheric rise, but similar to the prior offering, a handful of the company’s executives have already taken advantage of another way to sell: 10b5-1 trading plans.The plans let insiders trade their shares at predetermined …read more […]
A U.S. senator said on Wednesday he was hoping for bipartisan support in Congress for mandatory rules on masks for air travel after the head of the Federal Aviation Administration again resisted calls for a mandate.
Amana Mutual Funds Trust recently released its Q1 2020 Investor Letter, a copy of which you can download here. The Amana Income Fund posted a return of -18.01% for the quarter, outperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should check out Amana Mutual Fund’s top 5 stock […] …read more […]
Oil prices edged lower on Wednesday as a drawdown in U.S. distillate stockpiles for the first time since March and a sharp drop in U.S. crude production faced concerns over fuel demand due to fresh outbreaks of COVID-19.
The S&P 500 and the Dow edged higher in choppy trading on Wednesday as hopes of a swift recovery from a coronavirus-driven downturn were dented by fears of a record rise in coronavirus cases in six U.S. states.
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