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3 Healthcare Stocks Fighting the Coronavirus

Fears of a coronavirus pandemic sent the markets into a tailspin on Monday with all three major indexes registering heavy losses. Additionally, oil dropped by 4%, and the European equities markets had their worse performing day since mid-2016. In contrast, gold – traditionally a safe haven asset – notched a seven-year high, while the CBOE Volatility Index (VIX), the Street’s fear gauge, shot up by over 46%.The virus has now spread further afield, with the death toll rising to seven in Italy and dozens of deaths reported in Iran. Amidst all the chaos, the search is on to find a …read more […]

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American Airlines, Qatar Airways sign strategic partnership, codeshare deal

American Airlines Group Inc said Tuesday it has signed a strategic partnership deal with Qatar Airways and is reviving its codeshare agreement. “The issues that led to the suspension of our partnership two years ago have been addressed, and we believe resuming our codeshare agreement will allow us to provide service to markets that our customers, team members and shareholders value,” said American Chairman and Chief Executive Doug Parker in a statement. Pending government approvals, American will place its code on some Qatar Airways’ nonstop and connecting flights to and from the United States and Qatar Airways’ …read more […]

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Home Depot beats sales and profit estimates on housing market strength

Shares of the home improvement chain, considered a barometer for the economic health of U.S. households, rose 2.6% to $245.91 in premarket trading. The U.S. housing market has benefited from the lowest mortgage rates in more than three years after the Federal Reserve lowered borrowing costs thrice in 2019. Sales of existing homes, which make up about 90% of U.S. home sales, surged 9.6% on a year-on-year basis in January, the National Association of Realtors said on Friday. …read more […]

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For Wells Fargo and former executives, $3 billion-deal with U.S. may not be the end

Although Wells Fargo & Co settled major probes with federal agencies over abusive sales practices last week, the bank and its former executives are not out of the woods yet, legal and regulatory experts said. Wells, the fourth-largest U.S. lender, reached a $3 billion deal with the U.S. Department of Justice and Securities and Exchange Commission on Friday related to opening fake customer accounts. …read more […]