Business News
Major Aston Martin shareholder cuts stake in British carmaker
A top Aston Martin shareholder cut its stake in the British carmaker by nearly 5%, a regulatory filing showed on Monday.
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Business News
U.S. manufacturing activity off 11-year low; construction spending falls
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
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SpaceX capsule successfully docks at ISS
Last week the SpaceX Crew Dragon capsule successfully launched into orbit. Yahoo Finance’s On The Move panel share the details. …read more […]
Business News
Wall St. flat as recovery hopes offset U.S. protests, China tensions
U.S. stocks struggled for direction on Monday as investors weighed prospects of a post-pandemic economic recovery against protests across the country over race and an ongoing standoff between Washington and Beijing.
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Gilead’s stock falls on remdesivir, Eli Lilly begins human study of possible COVID-19 treatment
Eli Lilly announced the company has started an early-stage trial to test its potential treatment for coronavirus. Yahoo Finance’s Anjalee Khemlani breaks down the latest developments. …read more […]
Business News
Zynga to buy Turkish mobile game-maker Peak for $1.8 billion
Zynga Inc said on Monday it would buy Turkish mobile-game maker Peak for $1.8 billion, in a move that will boost the company’s daily active user base by 60%.
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Hedge Funds Cashing Out Of Crestwood Equity Partners LP (CEQP)
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. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of March 31st, 2020. […] …read more […]
Business News
Facebook’s Zuckerberg faces employee backlash over Trump protest comments
Facebook employees critical of CEO Mark Zuckerberg’s decision not to act on President Donald Trump’s inflammatory comments about U.S. protests went public on Twitter, praising the rival social media firm for acting and rebuking their own employer.
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Pfizer declines about 8% after setback to breast cancer treatment
The treatment, Ibrance, was being tested along with the standard of care for early breast cancer in men and women, against standard of care alone, the company said on Friday. The study was broadly seen to have a high probability of success readout, but the early failure represents a meaningful setback for Pfizer, JP Morgan analysts said in a note, cutting its price target on the stock by $1 to $37. …read more […]
Business News
Oil drops as U.S.-China tension escalates
Oil futures edged lower on Monday as rising U.S.-China tensions weighed on market sentiment, but reports that OPEC and Russia were close to a deal extending output buoyed prices.
Newsmakers
NexTech (OTC: NEXCF) CEO Evan Gappelberg Buys 100,000 Shares of Company Stock – Continues to Increase Position
NEW YORK, June 01, Jun 01, 2020– NexTech AR Solutions (the “Company” or “NexTech”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, and virtual events is […]
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Newsmakers
fuboTV (OTC: FUBO) Arrives on Gaming Consoles With Xbox One Launch
FaceBank Group, Inc. (d/b/a fuboTV) (OTCQB: FUBO) is launching its first app on gaming consoles – fuboTV’s live TV streaming platform is available today on Microsoft’s Xbox One family of devices. With the new Xbox […]
Business News
Global remittances could fall by $100 billion in 2020, says Citi
Slower economic growth expectations prompted Citi on Monday to slash its forecasts for global remittances, saying this raised the risk to credit ratings of smaller emerging market countries and was set to push up their borrowing costs.