The millions of Americans who have filed for unemployment benefits since the pandemic hit the economy in March face an unwelcome surprise next month. …read more […]
With the job market kicking back into gear after the worst of the COVID-19 pandemic, Target looks to attract new workers to meet demand. …read more […]
The head of the Federal Aviation Administration is set to testify on Wednesday before a Senate committee on the safety certification of jetliners like Boeing Co’s 737 MAX, still grounded after fatal crashes. The Senate Commerce committee hearing at 10 a.m. EDT (1400 GMT) gives lawmakers a chance to question FAA Administrator Steve Dickson about bipartisan legislation introduced Tuesday that would grant the FAA more power over Boeing’s aircraft designs. …read more […]
Something’s gone wrong on the farm.
We came home the other night to a horrendous noise. It was back behind one of the barns.
And if you bear with us for just a second as we tell you of this sordid affair… we’ll reveal what it all has to do with the stock market and a tremendous new way to invest.
But first… peacock sex.
Oh, the sounds.
We’ve heard it before. The farm has had many visitors over the years. It’s as if a band of clowns were playing kazoos while high on helium.
And yet… we marched toward it.
As we shoved our flashlight around …read more […]
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The… …read more […]
Top news and what to watch in the markets on Wednesday, June 17, 2020. …read more […]
Shares in DraftKings (DKNG) sank almost 7% in pre-market trading after the U.S. sports betting company announced a public offering to sell its common stock.The stock dropped to $37.80 in early market trading. DraftKings said it has commenced an underwritten public offering of 33 million shares of its Class A common stock, consisting of 14 million shares offered by DraftKings and 19 million shares offered by some of the company’s shareholders.The stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 4.95 million shares of Class A common stock. DraftKings will not receive any proceeds …read more […]
(Bloomberg) — European stocks pushed higher with U.S. equity futures as investors looked past a worrying increase in coronavirus cases to support from government and monetary stimulus. The dollar fluctuated along with crude oil.In the wake of Tuesday’s global rally, gains in real-estate and health-care shares brought fresh momentum to the Stoxx Europe 600 Index, even as infections increased from China to Brazil. S&P 500 futures swung from modest declines to gains, building on the index’s increase from Tuesday following data showing a surprising rebound in U.S. retail sales. Treasuries were steady.Investor optimism toward risk assets reflected bets that new …read more […]
(Bloomberg) — Institutional investors are bidding for JD.com’s Hong Kong shares before this week’s debut at slightly more than the listing price.Some institutional investors have bid to buy the Chinese e-commerce company’s shares at between HK$226.10 to HK$237 apiece in gray market trading Wednesday, according to people familiar with the matter. That represents a premium of as much as 4.9% compared to the listing price of HK$226. Brokers quoted offers to sell the shares at between HK$239 and HK$245 each, the people said.JD.com, which went public on Nasdaq in 2014, is expected to start trading in Hong Kong on June …read more […]
Tesla Inc. (TSLA) said it has signed a three-year pricing agreement with Panasonic Corp. for the manufacturing and supply of lithium-ion battery cells at the Gigafactory Nevada.The agreement effective from April 1 until March 31, 2023, sets the specific terms between the two parties with respect to pricing, planned investments and new technology. It also determines production capacity commitments by Panasonic and purchase volume commitments by Tesla over the first two years of the agreement. Financial terms of the deal weren’t disclosed.The new agreement builds on previous deals between Tesla and Panasonic related to the production and supply of lithium-ion …read more […]
Amarin (AMRN) has announced a settlement agreement with Apotex Inc. that resolves a patent litigation over Apotex’s abbreviated new drug application (ANDA) seeking US approval of a generic form of Vascepa capsules. Shares in Amarin rose 5% in Tuesday’s after-market trading.Amarin’s lead product Vascepa was initially launched in the US in 2013 as an adjunct therapy to diet to reduce triglyceride levels in adult patients with severe hypertriglyceridemia. A new, cardiovascular risk indication for the fish-oil derivative was approved by the FDA in December 2019 based on the results of the landmark Reduce-It trial.The company is currently appealing to the …read more […]
(Bloomberg) — Oil snapped a two-day gain as a second wave of coronavirus cases in China and a report pointing to a further swelling in U.S. stockpiles cast doubt on the demand outlook in the world’s two largest economies.Futures in New York fell below $38 a barrel after climbing almost 6% over the previous two sessions. Beijing has ordered all schools to close in an escalation of containment measures as its struggles to halt the outbreak that’s already spread to neighboring provinces. China is one of the world’s few energy consumption bright spots, staging a rapid recovery over the past …read more […]
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