As vaccine candidate company Novavax surges 3,161% in 2020, one analyst is sounding the alarm on what he calls a ridiculous amount of speculation. …read more […]
Ascena Retail Group filed for Chapter 11 bankruptcy protection and plans to close all Catherines stores and a significant number of Justice stores. …read more […]
While air travel had picked up over the past two months from pandemic-driven lows in April, demand has started slowing again as coronavirus cases surge across the United States and states re-impose quarantine restrictions. It reported a net loss of $2.07 billion, or $4.82 per share, for the quarter ended June 30, compared with a profit of $662 million, or $1.49 per share, a year earlier. …read more […]
AT&T said sales for the second quarter of 2020 were lower across all of its segments because of the coronavirus pandemic. That included a 22.9% plunge in WarnerMedia revenue, which the telco said was partly due to lower content and ad sales related to COVID-19. WarnerMedia’s Q2 2020 operating revenue was $6.8 billion, down 22.9% […] …read more […]
We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made… …read more […]
AT&T touted the “successful” launch of HBO Max — with the new service helping to boost overall HBO and HBO Max customers by 1.7 million over the first six months of 2020. As of June 30, 2020, AT&T’s WarnerMedia reported 36.3 million total U.S. subscribers to HBO Max and HBO, up from 34.6 million at […] …read more […]
(Bloomberg) — The forces behind the euro’s recent strength suggest this may only be the first stage of a big market shift.The currency’s 3% rally this month to near $1.16 has come on the back of dollar weakness due to narrowing bond-yield differentials and the U.S. struggle to deal with the pandemic, as well as the prospect of increased cohesion in the European Union after its agreement on a recovery fund.These factors remain very much in play. Yet what makes the case for the rally to extend further is that market positioning remains largely underweight on the euro. A structural …read more […]
There was a man lurking on the farm last week.
Dressed in casual clothes and wearing a black mask, he walked up the hill behind the house. Then he peeked around the back of the barn. Then he walked to the mailbox and stuck something in it.
As he drove away, we spotted something on his vehicle we didn’t want to see.
The words on his door showed that he was from the county… and he wants his money.
You see, we built a shed over the winter. It’s not very big and certainly isn’t fancy. It doesn’t have electricity or running water. In …read more […]
Southwest Airlines reports Q2 earnings and CEO Gary Kelly says the airline intends no layoffs or pay cuts until at least the end of the year. …read more […]
Top news and what to watch in the markets on Thursday, July 23, 2020. …read more […]
(Bloomberg) — Axis Bank Ltd., India’s third-largest private sector lender, has picked advisers including BNP Paribas SA and Credit Suisse Group AG to manage its proposed share sale, according to people familiar with the matter.The Mumbai-based lender has also chosen HSBC Holdings Plc and UBS Group AG for the offering, the people said, asking not to be named as the information is not public. Axis Bank plans to seek at least $1.3 billion from institutional investors, though it hasn’t finalized the fundraising target, the people said.The sale could come as soon as the end of August and Axis Bank may …read more […]
(Bloomberg) — Oil rose toward $45 a barrel in London, with a weaker dollar and stronger equity markets countering an expansion in U.S. crude stockpiles.Brent futures traded near their highest level since March as European stocks and U.S. equity futures advanced. Yet bearish signs persist in the physical market. China’s thawing oil demand has seen the value of Iraqi crude drop, and there’s renewed weakness in the key swaps that help value North Sea grades. In America, crude stockpiles rose by 5 million barrels last week.Oil jumped earlier this week after European Union leaders agreed on a stimulus package, but …read more […]
(Bloomberg Opinion) — It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce. Partly, it’s a rally fueled by the same low-yield, weak-dollar haven dynamic that has pushed bullion to within spitting distance of a record. Investor demand is booming and silver — which is the best conductor of electricity — has industrial uses, too. Short-term supply, meanwhile, has been dented by pandemic-related closures. The metal can keep shining.Silver tends to loosely track gold. Like the yellow metal, it is …read more […]
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