U.S. stock markets inched higher on Monday as President Donald Trump followed last week’s passage of $2 trillion in stimulus by extending his stay-at-home guidelines until the end of April, leaving investors again guessing at the growing economic impact.
The use of video conferencing services like Zoom and Skype has seen a boom as of late as more look for easier ways to work and communicate remotely. Linguistics tech company Jeenie is looking to offer that same solution for those needing interpretation services. …read more […]
(Bloomberg) — The coronavirus threat has handed EasyJet Plc’s founder, top shareholder and biggest critic a new weapon in his longstanding campaign to put the brakes on growth at the discount airline.Stelios Haji-Ioannou, who quit the board in protest over its expansion in 2010, has renewed his demand the U.K. carrier cancel an order for more than 100 Airbus SE narrow-body aircraft, arguing that the 4.5 billion-pound ($5.6 billion) cost threatens to drag the company down as the coronavirus pandemic cripples industry growth.The entrepreneur, who controls 34% of the stock, threatened to call one shareholder meeting a week to remove …read more […]
Johnson & Johnson plans to start human testing of its experimental coronavirus vaccine by September and make it ready for emergency use in early 2021, the drugmaker said on Monday.
Generic drugmaker Mylan NV has offered concessions to address European Union antitrust concerns about its bid for Pfizer’s off-patent branded drugs business Upjohn, a filing on the European Commission site showed on Monday. U.S. drugmaker Pfizer announced the deal in July as part of a strategy allowing it to focus on its more profitable newer medicines. The European Commission set an April 22 deadline for its decision after Mylan put in its offer on March 27. …read more […]
The coronavirus pandemic has come with changes in the way people live. Some of those changes will be temporary. Some will be permanent. …read more […]
Crude prices suffered another sharp fall on Monday as the pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. “If pipelines get clogged up as refineries shut down, inventories cannot build, reducing the cushion and creating a very quick risk reversal towards oil shortages,” Goldman said in a note. This would in turn cause an oil shortage, pushing prices above the Wall Street bank’s $55 a barrel target for 2021, it said. …read more […]
An activist investor is stepping up calls for the board of HC2 Holdings Inc to remove Chief Executive and Chairman Philip Falcone as the former hedge fund manager faces mounting legal and financial troubles.
Bank of New York Mellon Corp on Monday named Thomas Gibbons chief executive officer, effective immediately.
Today we’ll evaluate Netflix, Inc. (NASDAQ:NFLX) to determine whether it could have potential as an investment idea… …read more […]
Average Americans are under severe stress as a result of the coronavirus outbreak. And for that reason, you may want to temper your enthusiasm for stocks. …read more […]
Goldman Sachs said on Monday it expects S&P 500 dividends to fall by 25% in 2020 as certain large dividend-paying industries are particularly vulnerable to the economic shock of the coronavirus outbreak.
American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.
Biomerica, Inc.’s (NASDAQ:BMRA): Biomerica, Inc., together with its subsidiaries, develops, manufactures, and markets… …read more […]
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