The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.
Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic comeback from the pandemic.
Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount.
When it comes to a 401(k) account, most savers simply choose a “target date” funds and leave it that. Now, thanks to a rule change from the Trump administration, those funds could get a lot more complicated under the hood. …read more […]
The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven currencies, while the Norwegian crown was a star performer.
Carnival Corp (CCL) posted a preliminary $4.4 billion loss in the second quarter as the coronavirus pandemic has forced cruise ship companies to halt operations and suspend cruises.Shares dropped 6.9% to $17.77 in pre-market trading after the world’s biggest cruise operator warned that it expects a net loss on both a U.S. GAAP and adjusted basis for the second half of 2020. Carnival expects the monthly average cash burn rate for the second half of the year to amount to about $650 million and said that it was also planning to accelerate the sale of more ships.Revenue in the second …read more […]
Futures tracking the S&P 500 and Dow indexes edged lower on Thursday as caution over an uptick in COVID-19 infections in parts of the United States and China weighed on the mood ahead of a weekly jobless claims report.
(Bloomberg) — Wirecard AG delayed the publication of its annual financial results for the fourth time after auditors were unable to find about 1.9 billion euros ($2.1 billion) in cash, causing analysts to question liquidity at the German payments firm. The shares collapsed.Ernst & Young was unable to confirm the location of the cash balances in certain trust accounts, and there was evidence that “spurious balance confirmations” had been provided, Wirecard said in a statement on Thursday. That’s about a quarter of the consolidated balance sheet total, Wirecard said.“It is currently unclear whether fraudulent transactions to the detriment of Wirecard …read more […]
Today we will run through one way of estimating the intrinsic value of Advanced Micro Devices, Inc. (NASDAQ:AMD) by… …read more […]
The German payments company says about a quarter of the money on its books might not exist. …read more […]
Mother’s Day during the coronavirus pandemic meant an uptick in sales for Lee’s Flower and Card Shop in Washington, D.C.
Sad news last night. An old friend is dead.
Life was too hard, so he took it.
We went to school with him. Back then, we envied him. He was the star of the football team, was class president… and could tell a great joke.
He was the president of his fraternity, got his master’s degree and had a good career doing good things.
And yet…
Sadly, what happened to him is happening a lot these days.
Few have the guts to talk about it.
Asset Protection
We’ve focused a lot on the notion of money in recent weeks. It’s been with great intent. There are big opportunities …read more […]
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