Business News
Boeing suspending 787 production at South Carolina plant
Boeing Co said on Monday it will temporarily suspend production of its 787 airplane at its facilities in South Carolina amid the coronavirus pandemic.
Articles by admin
Trading Ideas
Boeing suspending 787 production at South Carolina plant
Boeing Co said on Monday it would suspend production of its 787 airplane at its facilities in South Carolina amid the coronavirus pandemic. Boeing production will be suspended until further notice after the second shift on Wednesday. On Sunday, the largest U.S. planemaker indefinitely extended the halt of its production operations at its Washington state facilities. …read more […]
Business News
Airbnb secures $1 billion investment from Silver Lake, Sixth Street
Airbnb said on Monday private-equity firms Silver Lake and Sixth Street Partners would invest $1 billion in the U.S. home rental company through a combination of debt and equity.
Trading Ideas
Hydroxychloroquine 'not likely to be a silver bullet' for coronavirus, former White House medical official says
U.S. President Donald Trump has been pushing for the use of an anti-malarial drug hydroxychloroquine against the coronavirus, and one prominent doctor says that could be a problem given the lack of data available. …read more […]
Business News
Lufthansa to discuss permanently grounding Germanwings: sources
Lufthansa will discuss permanently grounding its Germanwings low-cost airline unit at a management board meeting on Tuesday, two sources familiar with the matter told Reuters.
Business News
Wall Street soars on hopes of slowing coronavirus deaths
U.S. stocks rocketed higher on Monday, with each of the major indexes rallying at least 7%, after a fall in the daily death toll in New York, the country’s biggest coronavirus hot spot, fueled optimism a leveling off of the pandemic was on the horizon.
Business News
Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger consummation
With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot’s owner PSA have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger.
Business News
Allstate to return $600 million in auto premiums as pandemic cuts driving
U.S. insurer Allstate Corp said on Monday it would return more than $600 million in auto insurance premiums to customers as many Americans drive less due to “shelter-in-place” orders to curb the coronavirus outbreak.
Trading Ideas
Trading Ideas
GlaxoSmithKline, Vir Biotech Team Up in Hunt For Coronavirus Treatment
British drugmaker GlaxoSmithKline (GSK) and Vir Biotechnology Inc (VIR) on Monday announced a partnership to develop potential antibody treatments for COVID-19, the disease caused by the coronavirus.As part of the collaboration agreement GSK will make an investment in Vir of $250 million, priced at $37.73, representing a 10% premium to the closing share price on March 27, 2020, according to the announcement. Vir’s shares soared as much as 34% rising to around $39 in early U.S. trading following the news of GSK’s investment.Wall Street analysts take a cautious stance on Vir’s stock. The Hold analyst consensus rating is based on …read more […]
Trading Ideas
This Penny Stock Joins the Fight Against Coronavirus; Analyst Sees Triple-Digit Upside
With a market cap of a miniscule $10.16 million, you can firmly place biotech Capricor Therapeutics (CAPR) in the nano cap section. Although, according to one analyst, if recent developments are anything to go by, the Beverly Hills, California based company won’t be in the small fry category for much longer.H.C. Wainwright’s Joseph Pantginis reiterated a Buy on Capricor along with a $9.00 price target. The implication for investors? Potential upside of a humungous 737%. (To watch Pantginis’s track record, click here)So, what is driving an analyst to set such an extravagant target for such a tiny player? Well, among …read more […]
Trading Ideas
'This is blood money': Amazon warehouse workers stage second walkout over coronavirus fears
On Monday, workers at an Amazon warehouse in Staten Island walked off the job for a second time, just one week after holding an initial strike, citing continued coronavirus fears amid 26 cases of the virus at the warehouse. …read more […]
Business News
Stocks jump as virus deaths slow; oil falls after OPEC+ delay
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some global hot spots, oil prices tumbled again due to a delay in talks between Saudi Arabia and Russia to cut supply.
Business News
Honda, Fiat Chrysler cancel all April U.S., Canadian auto production
Honda Motor Co and Fiat Chrysler Automobiles NV said on Monday they will extend their auto production shutdown in the United States and Canada to all of April.
Trading Ideas
Zoom competitor 8×8 sees spike in usage amid coronavirus
8×8 CEO Vik Verma joins Yahoo Finance’s Seana Smith to discuss the company’s increase in usage amid the COVID-19 pandemic, as Zoom encounters concerns over its security and privacy. …read more […]