Trading Ideas
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Trading Ideas
IBM taps former Bank of America CTO to oversee cloud business
Arvind, known by his first name, headed the Big Blue’s fast-growing cloud business before his elevation as chief executive officer in late-January. As chief technology officer of Bank of America, Boville was responsible for building and running the second largest U.S. bank’s cloud services. IBM said in November it had created a financial services-specific cloud technology in collaboration with Bank of America. …read more […]
Trading Ideas
3 Healthcare Stocks Fighting the Coronavirus
It’s a new week, and market watchers are bracing themselves for whatever comes their way. Ahead of the opening bell on Monday U.S. stock futures are up, some welcome news after stocks rounded out the week in the red. The uptick comes as Italy, Spain and New York report death rates are slowing, giving investors a sliver of hope that some headway is being made in the battle against COVID-19.For those feeling a sense of déjà vu, you’re not alone. Oanda’s senior market analyst for Asia Pacific, Jeffrey Halley, thinks the most recent bump might only be temporary, stating that …read more […]
Business News
Cemex to shut Mexico operations until at least April 30 due to coronavirus
Mexican cement company Cemex will suspend its operations in the country until at least April 30 in line with government guidelines aimed at stopping the spread of coronavirus, the firm said in a statement on Monday.
Business News
BT boss gives salary to health workers, lifts pay for key staff
The head of Britain’s biggest telecoms firm BT said he would donate his salary to health workers for at least six months and award a pay rise to his frontline staff who are maintaining broadband networks during the COVID-19 shutdown.
Business News
Futures jump on hopes of slowdown in coronavirus cases
U.S. stock index futures jumped nearly 4% on Monday after President Donald Trump expressed hope that the coronavirus health crisis was “leveling-off” in some of the hardest-hit U.S. states.
Trading Ideas
GSK to partner with Vir for potential COVID-19 treatments, invest $250 million
Drugmakers across the globe are rushing to develop a treatment or vaccine for the fast-spreading coronavirus that has killed over 68,400 people globally. There are currently no approved treatments for the disease. Initial focus will be to accelerate development of Vir’s investigational treatments, VIR-7831 and VIR-7832, the companies said. …read more […]
Trading Ideas
JPMorgan can handle GDP falling at a 35% rate: Dimon
Even under a severe scenario, the bank will end the year with a strong liquidity position. …read more […]
Trading Ideas
Jamie Dimon Sees ‘Bad Recession’ and Echoes of 2008 Crisis Ahead
(Bloomberg) — Jamie Dimon said the coronavirus pandemic will lead to a major economic downturn and stress mirroring the meltdown that nearly brought down the U.S. financial system in 2008.“At a minimum, we assume that it will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008,” the chief executive officer of JPMorgan Chase & Co. said Monday in his annual letter to shareholders. “Our bank cannot be immune to the effects of this kind of stress.”The 23-page letter, his shortest since 2008, came less than a week after Dimon told …read more […]
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JPMorgan’s Dimon: 'There should have been a pandemic playbook'
‘I am hoping that civility, humanity, empathy and the goal of improving America will break through. We have the resources to emerge from this crisis as a stronger country,’ writes Jamie Dimon in his annual letter. …read more […]
Healthcare
CytoDyn (OTC: CYDY) First Two Patients Enrolled in Randomized Phase 2, COVID-19 Trial with Leronlimab; Five More Severely Ill COVID-19 Patients Treated Under Emergency IND and Two Patients Have Already Extubated
Fifteen (15) severely ill COVID-19 patients have been treated under an EIND; 7-day results from the first four patients are available and are very promising; 7-day results for the first 10 patients will be available […]
Business News
JPMorgan CEO Dimon does not rule out suspending 2020 dividend due to coronavirus crisis
JPMorgan Chase & Co could consider suspending dividend for 2020 due to the ongoing coronavirus crisis, Chief Executive Officer Jamie Dimon said on Monday, even as the bank rolled out relief measures for customers and small businesses.
Business News
Safaricom, Vodacom finalise M-Pesa acquisition from Britain’s Vodafone
Kenya’s leading telecom firm Safaricom and South Africa’s Vodacom said on Monday that they had completed the acquisition of popular mobile money platform M-Pesa from Britain’s Vodafone .
Trading Ideas
Coronavirus will probably destroy one of the stock market's biggest crutches
The coronavirus pandemic leaves the future of stock buybacks in serious question. …read more […]
Trading Ideas
Russia and Saudi 'very close' to oil deal, Moscow envoy says
Saudi Arabia and Russia are close to a deal on oil output cuts to reduce a global glut, a top Russian oil negotiator said on Monday, but details such as how to share out production curbs remained unclear ahead of talks planned for later this week. A supply deal between OPEC, Russia and other producers, a group known as OPEC+, that had propped up oil prices for three years collapsed in March, while the coronavirus hammered demand. Riyadh and Moscow blamed each other for the failure and launched a battle for market share, sending oil prices to their …read more […]