Facebook employees are speaking out this weekend about Facebook CEO Mark Zuckerberg’s lack of movement to take down President Trump’s posts. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Dan Howley break down the details. …read more […]
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
Nasdaq Inc said it postponed Monday’s planned reopening of its PHLX options trading floor in Philadelphia, which had been closed because of the coronavirus pandemic, due to the demonstrations over the death of a black man, George Floyd, in police custody.
The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc to prevent a trustee chasing money for victims of imprisoned Ponzi scheme swindler Bernard Madoff from recouping funds that were transferred overseas.
Oil fell on Monday on worries about renewed tensions between the United States and China, although reports that OPEC and Russia were closer to a deal on extending oil output cuts lent some support to prices.
Click here to read the full article. Multiple Facebook employees publicly criticized CEO Mark Zuckerberg’s decision to not take down Donald Trump’s racially charged post suggesting Minneapolis rioters would be shot at.Zuckerberg, in a post Friday on Facebook, said while Trump’s message included a “troubling historical reference” — specifically, the phrase “when the looting starts, the shooting starts” — and while Zuckerberg personally disagreed with the president’s inflammatory rhetoric, Facebook decided to not remove it to “enable as much expression as possible.”Over the weekend, Facebook staffers took to Twitter to voice disagreement with Zuckerberg, with some lauding Twitter’s decision to …read more […]
(Bloomberg) — Gilead Sciences Inc.’s drug remdesivir showed only a limited benefit in a large trial of more moderate patients with Covid-19, a result that may shift perceptions of the therapy already cleared for use in severe cases of the disease.In the phase 3 trial, a group of moderately ill, hospitalized patients getting the drug for five days showed a modest improvement compared to those getting the standard of care, the company said in a statement. But another group getting the drug for 10 days didn’t show a statistically significant improvement, which is likely to raise questions about why a …read more […]
As protests against police brutality continue across the country, health officials are warning about the spread COVID-19. Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss with Bipartisan Policy Center Chief Medical Advisor Dr. Anand Parekh. …read more […]
Brazilian planemaker Embraer SA said on Monday that it expects to sign new strategic partnerships in the future, after Boeing Co abruptly canceled a deal in April to take over the company’s commercial jet division. Embraer Chief Executive Francisco Gomes Neto said it was still early to discuss such opportunities as the company is studying a new five-year plan. Reuters reported on Friday that China, Russia and India were circling Embraer and studying potential moves, although any talks would be preliminary. …read more […]
Brazilian planemaker Embraer SA said on Monday that it expects to sign new strategic partnerships in the future, after Boeing Co abruptly canceled a deal in April to take over the company’s commercial jet division.
Helicopter and jet makers are turning to digital technology so customers can inspect their big-ticket purchases remotely before taking delivery, as they strive to push through deals paralyzed by the coronavirus pandemic and bring in much needed cash.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […] …read more […]
Nasdaq Inc said it postponed Monday’s planned reopening of its PHLX options trading floor in Philadelphia, which had been closed because of the coronavirus pandemic, due to the demonstrations over the death of a black man, George Floyd, in police custody.
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out […] …read more […]
(Bloomberg) — The oil market took an initially neutral view on OPEC+ deliberations that could result in the producer group announcing a short extension to unprecedented output curbs.Futures in New York were little changed near $35 a barrel, though they held onto sharp gains from shortly before Friday’s close. The Organization of Petroleum Exporting Countries and its allies are considering bringing their next meeting forward to Thursday, where they will discuss prolonging production curbs by one to three months, according to a delegate. The existing agreement calls for the output cuts to ease from July.See also: Could OPEC+ Become a …read more […]
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