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Europe Stocks Jump on Corporate News; Futures Flat: Markets Wrap, , on October 16, 2020 at 7:24 am
(Bloomberg) -- Stocks in Europe gained on the back of positive corporate news, while U.S. equity-index futures fluctuated as investors considered the economic impacts of fresh restrictions to curb the coronavirus pandemic and the stalemate over U.S. stimulus.Volvo...
Boeing Max Declared Safe to Fly by Europe’s Aviation Regulator, , on October 16, 2020 at 7:01 am
(Bloomberg) -- Europe’s top aviation regulator said he’s satisfied that changes to Boeing Co.’s 737 Max have made the plane safe enough to return to the region’s skies before 2020 is out, even as a further upgrade his agency demanded won’t be ready for up to two...
Zynerba Up 6% As Zygel Shows Promise In Autism Trial, , on October 16, 2020 at 6:55 am
Shares in Zynerba Pharma (ZYNE) jumped 6.4% in Thursday’s trading, and continued to climb 1.6% after-hours, after new data from the Phase 2 Bright trial showed the potential for Zygel (ZYN002) to improve behavioral symptoms of autism alongside stable standard of care...
Amarin Pops 4% After-Hours On Positive PCI Data For Vascepa, , on October 16, 2020 at 5:52 am
Shares in Amarin (AMRN) popped 4% in Thursday’s after hours trading after the company presented encouraging data on Vascepa (icosapent ethyl) in patients with prior PCI [percutaneous coronary intervention] at the virtual Transcatheter Cardiovascular Therapeutics (TCT)...
Hewlett Packard Rises On Better-Than-Expected FY21 EPS Outlook, , on October 16, 2020 at 5:51 am
Hewlett Packard Enterprise shares rose 2.5% in extended trading on Thursday after it provided FY21 EPS outlook in the range of $1.56 to $1.76, much higher than the analysts’ expectations of $1.46. The FY21 EPS outlook is also 10% higher year-over-year at the...
Ford Reports 25% Rise In Q3 China Sales, , on October 16, 2020 at 5:49 am
Ford Motor Company (NYSE: F) released its sales results for the third quarter in China on Thursday, ahead of the planned earnings release scheduled for Oct. 28.What Happened: The automakers reported it sold 164,352 vehicles between July and September in China, marking...
Ford Motor Q3 China Sales Rise 25%, Biggest Jump Since 2016; Target Price $10 in Best Case, , on October 16, 2020 at 5:44 am
Ford Motor Co said its vehicle sales climbed 25% in the third quarter of this year, the biggest year-over-year increase since 2016, as demand gradually recovered from the COVID-19 pandemic slowdown in the world’s second-largest economy., Ford Motor Co said its vehicle...
Jack Ma’s Ant Group Raises IPO Valuation Target to $280 Billion, , on October 16, 2020 at 5:43 am
(Bloomberg) -- Ant Group plans to increase the valuation target for its initial public offering to at least $280 billion due to strong demand, charging ahead with the sale even as the Trump administration weighs restrictions on the Chinese fintech giant, according to...
China Set to Pass Law Protecting Vital Tech From U.S., , on October 16, 2020 at 5:06 am
(Bloomberg) -- China is set to pass a new law that would restrict sensitive exports vital to national security, expanding its toolkit of policy options as competition grows with the U.S. over access to technologies that will drive the modern economy.China’s top...
Exclusive: BP may cut oil supply to Caribbean refinery if it stays idle – sources, , on October 16, 2020 at 5:02 am
The Caribbean refinery's owner, Limetree Bay Ventures, has spent at least $2.7 billion restoring the facility, initially hoping to tap rising demand for low-sulfur fuels and markets in Latin American and Caribbean. BP Plc invested in the plant with an agreement to...
Nikola CEO Downplays Badger's Role, Says 'Always Focused' On Heavy Trucks, Hydrogen Infrastructure: FT, , on October 16, 2020 at 4:48 am
Nikola Corporation (NASDAQ: NKLA) CEO Mark Russell took distance from the company's electric pickup truck Badger in an interview with the Financial Times on Thursday. What Happened: Russell sought to diminish the role Badger plays in the company's business -- a stance...
Nikola CEO Downplays Badger’s Role, Says ‘Always Focused’ On Heavy Trucks, Hydrogen Infrastructure: FT, , on October 16, 2020 at 4:48 am
Nikola Corporation (NASDAQ: NKLA) CEO Mark Russell took distance from the company's electric pickup truck Badger in an interview with the Financial Times on Thursday. What Happened: Russell sought to diminish the role Badger plays in the company's business -- a stance...
Billionaire Banker Says Now’s Best Time to Invest in India, , on October 16, 2020 at 4:40 am
(Bloomberg) -- Overseas investors should look to invest in Indian digital to consumer sector companies now as the economic fallout of the coronavirus pandemic makes valuations of businesses attractive, Asia’s richest banker said.“I have always believed you have to...
Firm dollar, fading stimulus hopes put gold on course for weekly loss, , on October 16, 2020 at 4:04 am
Spot gold fell 0.2% to $1,903.24 per ounce by 0631 GMT, losing 1.4% so far this week. U.S. gold futures dipped 0.1% to $1,907.50. "There's some further upside for the dollar and that's been a major headwind for gold, in addition to the ongoing (U.S.) stimulus...
Google To Make Its Slack, Teams Rival Service Chat Available For Free Next Year, , on October 16, 2020 at 2:57 am
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google said Thursday that it would make its Chat service available for free to all users beginning the first half of 2021.What Happened: Chat will replace Google's Hangout service, and users of the latter would be...
Top World Bank Economist Says Financial Crisis Could Emerge From Pandemic, , on October 16, 2020 at 2:02 am
(Bloomberg) -- World Bank Chief Economist Carmen Reinhart said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging.“This did not start as a financial crisis but it is morphing into a major...
PRESS DIGEST- Financial Times – Oct. 16, , on October 16, 2020 at 12:50 am
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Nikola CEO Says Startup’s Plans Intact Even If GM Deal Unravels, , on October 16, 2020 at 12:32 am
(Bloomberg) -- Nikola Corp.’s chief executive officer sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.Talks between the two companies are ongoing, but...
Ignore the Vaccine Noise, Johnson & Johnson Is in Rude Health, Says Top Analyst, , on October 16, 2020 at 12:05 am
It has been an action-packed week so far for pharma giant Johnson & Johnson (JNJ).On Tuesday, the company reported Q3 earnings with results handily beating the estimates. JNJ posted revenue of $21.08 billion, a 1.7% year-over-year increase and higher than the...
Ignore the Vaccine Noise, Johnson & Johnson Is in Rude Health, Says Top Analyst, , on October 16, 2020 at 12:05 am
It has been an action-packed week so far for pharma giant Johnson & Johnson (JNJ).On Tuesday, the company reported Q3 earnings with results handily beating the estimates. JNJ posted revenue of $21.08 billion, a 1.7% year-over-year increase and higher than the...
Fastly: Despite Lackluster Preliminary Results, This Analyst Still Says ‘Buy’, , on October 15, 2020 at 11:30 pm
For content delivery and edge computing company Fastly (FSLY), its third quarter was a letdown, to put it lightly. Shares tumbled 30% over the past two trading sessions, after it was revealed that Q3 2020 revenue is expected to come in at $70-71 million, below the...
Turquoise Hill announces third quarter 2020 production and provides updates on underground development, the definitive estimate and the liquidity outlook, , on October 15, 2020 at 10:19 pm
MONTREAL, Oct. 15, 2020 /CNW/ - Turquoise Hill Resources Ltd., MONTREAL, Oct. 15, 2020 /CNW/ - Turquoise Hill Resources Ltd.,
Waiting for better mortgage rates? They just hit a new low, , on October 15, 2020 at 10:10 pm
Rates have sunk to another level that would have been unthinkable not long ago., Rates have sunk to another level that would have been unthinkable not long ago.,
Peloton Set to Benefit from Structural Shift in Fitness Industry, Says 5-Star Analyst, , on October 15, 2020 at 9:37 pm
The fitness industry has changed, and Peloton (PTON) stands to reap the benefits. Truist Securities’ Youssef Squali recently surveyed 1,500 consumers to gain insights on exercise habits and related preferences, with the findings only reaffirming the analyst’s...
Which SaaS Stock Will Grow The Most By 2025?, , on October 15, 2020 at 9:31 pm
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios via stocks, options and forex trading.The software-as-a-service (SaaS) market is one of...
Tesla Customer Sues Over Solar-Panel Deal Being Reported as Loan, , on October 15, 2020 at 9:23 pm
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10 Stocks Moving In Thursday's After-Hours Session, , on October 15, 2020 at 9:19 pm
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10 Stocks Moving In Thursday’s After-Hours Session, , on October 15, 2020 at 9:19 pm
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J.C. Penney Sale Talks Stall Ahead of Crucial Holiday Season, , on October 15, 2020 at 8:56 pm
(Bloomberg) -- A plan to sell bankrupt J.C. Penney Co.’s retail operations to its two biggest landlords stalled this week, raising the prospect that creditors will carry the burden of millions of dollars in extra costs as the retailer prepares for the crucial holiday...
Exclusive: These airlines are most at risk of COVID-19-related default, , on October 15, 2020 at 8:07 pm
The latest stress test from RapidRatings reveals the U.S. airlines most at risk of defaulting on their debt and obligations., The latest stress test from RapidRatings reveals the U.S. airlines most at risk of defaulting on their debt and obligations.,
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