Luckin Coffee Inc has fired its chief executive and chief operating officers following an internal probe on fabrication of annual sales numbers, the Chinese coffee chain said https://bit.ly/3cD4jLC in a filing on Tuesday.
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis.
Yahoo Finance’s Brian Sozzi and Heidi Chung break down the market action for Apple. …read more […]
The S&P 500 slipped in choppy trading on Tuesday as the risks of reopening the economy too soon overshadowed hopes of a jump-start to a battered global economy, following an easing of virus-led business shutdowns.
Novavax stock is one of the biggest movers in the market right now. The Maryland-based vaccine company announced a massive investment that may be a saving grace in the fight against the coronavirus.
Why is Novavax Stock on the Rise?
Novavax, Inc. (Nasdaq: NVAX) is a clinical-stage vaccine company with facilities in Maryland and Sweden. Like most biotech companies, it has joined in the fight against COVID-19.
However, it’s quickly making strides towards a vaccination candidate that has caught the eyes of investors. The Coalition for Epidemic Preparedness Innovations (CEPI) will invest up to an additional $384 million to advance the potential vaccine’s …read more […]
(Bloomberg) — The Federal Reserve’s dive into corporate debt on Tuesday aligns the U.S. central bank with money managers around the world pivoting toward America Inc.’s bonds and away from its shares.Exchange-traded funds investing in credit saw $2.4 billions of inflows in the past week, compared to outflows for equities, data compiled by Bloomberg show.Funds targeting American stocks posted $9.3 billion of outflows in the period ending May 6, the most in six weeks, according to a Bank of America note citing EPFR Global data. The six-week inflow for high-yield bonds hit a record $32 billion.It’s the “follow the Fed” …read more […]
The healthcare sector took its place among the winners this year, rising 11%, compared to the S&P 500’s 9% drop. The bottom-line for investors? Wall Street’s focus is on the healthcare space, locking in on biotechs in particular. However, before making hasty decisions, it should be noted that these stocks are notoriously risky, with their shares prone to explosive movements on account of only a few key catalysts like updates on clinical studies or regulatory approvals. The good news is that a favorable outcome can drive massive share price appreciation. However, the bad news is that the opposite holds true.Understanding …read more […]
Yahoo Finance’s Brian Sozzi and Heidi Chung break down the market action for Tesla after CEO Elon Musk resumed production, despite local authority orders. …read more […]
Logitech International reported a big jump in sales of computer products during its fourth quarter on Tuesday as more people worked from home and families turned to technology to keep in touch during the coronavirus crisis.
Market forces rained on the parade of Vuzix Corporation (NASDAQ:VUZI) shareholders today, when the analysts downgraded… …read more […]
World equity markets inched higher and safe-haven bonds fell on Tuesday as stronger economic data from China and upbeat corporate earnings in Europe overshadowed concerns about a potential second wave of coronavirus infections.
U.S. President Donald Trump on Tuesday urged California to allow Tesla Inc to reopen its electric vehicle assembly plan.
One thing we could say about the analysts on TPG RE Finance Trust, Inc. (NYSE:TRTX) – they aren’t optimistic, having… …read more […]
Expanding its footprint into Multi-billion dollar Video Conferencing market NEW YORK and TORONTO, May 12, 2020 — NexTech AR Solutions (NexTech) (NEXCF) (CSE:NTAR) (N29.F), an emerging leader in augmented reality for eCommerce, AR learning applications, and virtual […]
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