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Moderna Poised to Take Vaccine Spotlight With Data Due, , on November 12, 2020 at 10:41 am
(Bloomberg) -- Now it’s Moderna Inc.’s time to be in the spotlight.The same U.S. explosion of Covid-19 cases that helped Pfizer Inc. get results for its vaccine trial earlier this week is helping speed along Moderna’s trial. Moderna said Wednesday its study has...
Pinduoduo Shares Jump as Post-Covid Spending Lift Sales by 89%, , on November 12, 2020 at 10:40 am
(Bloomberg) -- Pinduoduo Inc.’s revenue rose a better-than-expected 89% as the shift toward online shopping continued in post-Covid China, benefiting the e-commerce upstart. The shares surged roughly 16% in pre-market trading in New York.The Shanghai-based company...
Pinduoduo Shares Jump as Post-Covid Spending Lift Sales by 89%, , on November 12, 2020 at 10:40 am
(Bloomberg) -- Pinduoduo Inc.’s revenue rose a better-than-expected 89% as the shift toward online shopping continued in post-Covid China, benefiting the e-commerce upstart. The shares surged roughly 16% in pre-market trading in New York.The Shanghai-based company...
Peabody Energy Corporation (NYSE:BTU) Just Reported Earnings, And Analysts Cut Their Target Price, , on November 12, 2020 at 10:38 am
Shareholders in Peabody Energy Corporation (NYSE:BTU) had a terrible week, as shares crashed 27% to US$0.90 in the..., Shareholders in Peabody Energy Corporation (NYSE:BTU) had a terrible week, as shares crashed 27% to US$0.90 in the...,
Ballard Power Systems Inc. (TSE:BLDP) Analysts Just Trimmed Their Revenue Forecasts By 15%, , on November 12, 2020 at 10:24 am
One thing we could say about the analysts on Ballard Power Systems Inc. (TSE:BLDP) - they aren't optimistic, having..., One thing we could say about the analysts on Ballard Power Systems Inc. (TSE:BLDP) - they aren't optimistic, having...,
Bitcoin Price Breaks Above $16K for First Time in 3 Years, , on November 12, 2020 at 10:15 am
Bitcoin's price breaks above $16,000, reaching an almost three-year high., Bitcoin's price breaks above $16,000, reaching an almost three-year high.,
Tencent Sales Top Estimates in Sign the Gaming Boom Persists, , on November 12, 2020 at 9:51 am
(Bloomberg) -- Tencent Holdings Ltd.’s revenue rose a better-than-expected 29%, riding a pandemic-era gaming boom that’s persisted in defiance of an economic downturn.Sales rose to 125.45 billion yuan ($18.9 billion) in the three months ended September, versus the...
Website creator Wix.com moves to Q3 loss, revenue jumps, , on November 12, 2020 at 8:04 am
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Why I volunteered for a COVID-19 vaccine trial, , on November 12, 2020 at 8:00 am
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Rolls-Royce sells 94% of new shares in 2 billion pound rights issue, , on November 12, 2020 at 7:43 am
British engineering company Rolls-Royce said shareholders signed up for 94% of new shares it issued as part of a 2 billion pound ($2.64 billion) rights issue aimed at bolstering its pandemic-hit finances. Airlines pay Rolls based on how many hours its engines fly and...
Oil Steady Above $41 Amid Signs OPEC+ Edging Toward Keeping Cuts, , on November 12, 2020 at 7:13 am
(Bloomberg) -- Oil was steady above $41 a barrel in New York as OPEC+ appeared to be closing in on an agreement to delay a planned easing of production cuts from the start of next year.The producer group is considering keeping additional supply off the market for...
Global Stock Rally Stalls; European Futures Dip: Markets Wrap, , on November 12, 2020 at 7:11 am
(Bloomberg) -- The global stock rally showed signs of stalling on Thursday as investors assess a deteriorating coronavirus situation in many large economies around the world and indicators of overheated equity markets. Treasuries rose.Most Asian shares dipped after a...
Exclusive: Gold market authority threatens to blacklist UAE and other centres, , on November 12, 2020 at 6:21 am
The world's most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed. In the letter dated Nov. 6...
Boeing Raises China Demand Expectations By 6.3% On Pandemic Recovery, Improved Infrastructure, , on November 12, 2020 at 6:17 am
Boeing Co (NYSE: BA) has revised its forecast for the number of planes Chinese airlines will need through 2039 by 6.3% to 8,600 from the previous estimate of 8,090, Reuters reported Wednesday.What Happened: The increased estimates for Chinese demand come after the...
Asian shares slip on faltering hopes for COVID vaccines, , on November 12, 2020 at 6:11 am
Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. Excitement over news of potentially effective vaccines for COVID-19 has been tempered by concerns over the logistical challenges of ensuring...
EU Seeks Brexit Bargaining Chip, Pitting Fishing Rights Against Energy Access, , on November 12, 2020 at 5:00 am
(Bloomberg) -- Brexit talks are going down to the wire, and the European Union’s chief negotiator Michel Barnier is threatening British access to the continent’s single energy market as a way of extracting concessions on fishing rights.At stake is at least 6 billion...
Rivian Starts Taking Pickup Orders, With Pricing That Tops Tesla Cybertruck, , on November 12, 2020 at 4:26 am
Rivian has started taking preorders for three models of its electric pickup truck including a launch version of its RIT and RIS models.What Happened: The Amazon.com, Inc (NASDAQ: AMZN)-backed automaker's special release launch versions will be available for delivery...
Boeing raises 20-year forecast for China aircraft demand despite pandemic, , on November 12, 2020 at 3:19 am
Boeing Co on Thursday raised its rolling forecast for China's aircraft demand for the next 20 years, making the country a bright spot in the aviation market even as COVID-19 decimates global deliveries over the next few years. Chinese airlines will need 8,600 new...
Tencent Ready to Make Case It Can Ride Out China Storm, , on November 12, 2020 at 2:37 am
(Bloomberg) -- Tencent Holdings Ltd. joined Alibaba Group Holding Ltd. and much of China’s internet sector in a $290 billion selloff after Beijing signaled its strongest intentions yet to rein in Big Tech. Yet the social media and gaming giant is in some ways better...
Down $290 Billion, China Tech Investors Wargame Worst-Case Scenarios, , on November 12, 2020 at 2:28 am
(Bloomberg) -- With 22 pages of vaguely worded edicts, China has cast doubt on the future of its biggest internet companies and ignited a $290 billion equity selloff.Investors are now gaming out how bad it might get for Alibaba Group Holding Ltd., Tencent Holdings...
Lufthansa reaches crisis deal with union to cut costs, , on November 12, 2020 at 2:18 am
German airline Lufthansa said on Wednesday it had reached a new deal with trade union Verdi to cut 200 million euros (£178 million) in costs in return for making no compulsory redundancies in 2021. Lufthansa warned last week it would burn through more cash in the...
The 6 Hottest Energy Tech Stocks For 2021, , on November 12, 2020 at 1:00 am
ESG investing is one of the biggest mega-trends in modern history, but finding the best stocks within the space is no easy task…, ESG investing is one of the biggest mega-trends in modern history, but finding the best stocks within the space is no easy task…,
3 “Strong Buy” Stocks That Tick all the Boxes, , on November 12, 2020 at 12:34 am
It’s been said that gridlock is a feature, not a bug, of the US Constitution, and we may be about to find that out. The election results have left some questions to be resolved, but a few things are coming clear: Democrat Joe Biden is the winner of the Presidential...
Gold Inching Toward Record Levels, , on November 12, 2020 at 12:12 am
Gold prices fell on Monday when news of the Pfizer-BioNTech coronavirus vaccine broke and investors turned their attention -- and dollars -- to the stock market, but the precious metal hasn't lost..., Gold prices fell on Monday when news of the Pfizer-BioNTech...
EV maker Rivian to start taking pre-orders for electric pickup, SUV, , on November 11, 2020 at 11:43 pm
The launch editions of the electric R1T pickup and R1S SUV were priced at $75,000 and $77,500, with a 300 mile driving range on both vehicles. Rivian, which is backed by Amazon.com Inc and Ford Motor , said U.S. deliveries for R1T would start in June 2021, while the...
Plug Power: Next Stop, $30?, , on November 11, 2020 at 10:49 pm
Plug Power (PLUG) is a strange sort of business. In more than 20 years of operation, the hydrogen fuel cell company has sold a lot of fuel cell systems, but never earned a profit, and never generated positive free cash flow. Instead, Plug funds its operations mainly...
Wells Fargo Explores Selling Private-Label Card Unit, , on November 11, 2020 at 10:25 pm
(Bloomberg) -- Wells Fargo & Co. is exploring selling a unit offering store-branded credit cards as the bank chooses businesses to keep or break off in a broad strategic overhaul, according to people with knowledge of the matter.The unit providing so-called...
Manulife declares common share dividend, , on November 11, 2020 at 10:20 pm
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945TORONTO, Nov. 11, 2020 /CNW/ - Manulife's Board of Directors today announced a quarterly shareholders' dividend of $0., C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945TORONTO, Nov. 11, 2020 /CNW/ -...
Bill Ackman Bets Against Market Recovery Again, Despite COVID-19 Vaccine Hopes, , on November 11, 2020 at 10:14 pm
Famed hedge fund manager Bill Ackman had his best trade of all-time earlier this year when he bet against the market, and he's placing a similar bet again despite the market optimism surrounding the development of a COVID-19 vaccine.What Happened: Business Insider...
It’s just 'first or second inning' of sports betting legalization: FanDuel CEO, , on November 11, 2020 at 10:04 pm
Yahoo Finance’s Adam Shapiro, Seana Smith and Dan Roberts speak with FanDuel CEO Matt King about the future of legal sports betting., Yahoo Finance’s Adam Shapiro, Seana Smith and Dan Roberts speak with FanDuel CEO Matt King about the future of legal sports...
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