Randall Stephenson, AT&T’s current CEO, said Friday he will retire, but will serve as executive chairman of the board until January 2021. The announcement was made during AT&T’s virtual annual meeting. Stankey oversaw WarnerMedia after AT&T’s $85 billion purchase of media company Time Warner. …read more […]
VANCOUVER, Washington, Apr 24, 2020 — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that […]
Oil prices rose on Friday, but were on course for their third straight weekly loss as production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus crisis.
With the U.S. coronavirus death toll nearing 50,000, Georgia pushed ahead with its plan to become the first state to allow an array of small businesses to reopen on Friday despite the disapproval of U.S. President Donald Trump and health experts.
The U.S. Federal Reserve announced Friday that banks can now allow account holders to make an unlimited number of withdrawals and transfers from their savings accounts. The Fed said the move would help ensure people can access their funds “at a time when financial events associated with the coronavirus pandemic have made such access more urgent.” The Fed said it removed the limit because a recent policy shift had rendered it unnecessary. …read more […]
U.S. stock markets jumped at the open on Friday as some states prepared to relax curbs imposed to contain the coronavirus outbreak, with a surprise rise in orders for core U.S.-made capital goods adding to the gains.
The U.S. Small Business Admininstration will make additional coronavirus-related financial assistance available to small businesses beginning on Monday, a top Republican senator said.
Georgia pushed ahead with its plan to become the first U.S. state to allow an array of merchants to reopen on Friday following a month-long shutdown to stanch the coronavirus outbreak, even though both U.S. President Donald Trump and health experts voiced disapproval.
A French court on Friday rejected U.S. online retailer Amazon’s appeal against a ruling that restricts what it can deliver during the coronavirus crisis.
Global equity benchmarks edged higher on Friday as investors weighed a slight gain in oil against concerns that further stimulus measures by the European Union to combat the economic damage from the coronavirus pandemic could be delayed until next year.
So, what’s going on in the stock markets? Are they completely haywire? Since February 19, when the bull market ended, the Dow Jones has fallen 36.6% and then gained back, in uneven steps, some 26.4% from the trough. Movements have been similar in the S&P 500 and the NASDAQ. For the last two weeks, both the S&P and Dow have been holding fairly steady – the S&P near 2,800 and the Dow near 23,500.Yet, there are more questions raised than answers. Are we in a true rally, or will the slide resume? What will happen when people return to work; …read more […]
Verizon CEO Hans Vestberg breaks down the company’s first quarter earnings report. …read more […]
Nestle expects a “more vigorous” year for acquisitions in 2020 as the packaged food giant looks to expand its business, Chief Executive Mark Schneider said on Friday.
U.S. stock markets were set to gain at the open on Friday as some states prepared to relax curbs imposed to contain the coronavirus outbreak, with a surprise rise in orders for U.S.-made capital goods also lifting sentiment.
British pub operator Greene King has furloughed more than 36,000 employees, owner CK Asset Holdings said on Friday, as government measures to halt the spread of the coronavirus has led to the closure of all its pubs in the UK.
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