Month: October 2020

The Ant Group Co. logo is displayed at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Ant Group will close its Hong Kong institutional book building process a day earlier than expected due to strong demand for its record initial public offering
0 Comments
Americans can now travel to Hawaii’s beautiful tropical shores without having to quarantine on arrival. From Oct. 15, domestic travelers who take part in the state’s Pre-Travel Testing Program can bypass a two-week quarantine requirement, provided they test negative for Covid-19 before and, in some cases, after they arrive. “After not being able to travel
0 Comments
Aston Martin has come a long way since it was featured as James Bond’s weapon-laden sports car in the movie “Goldfinger.” It makes some of the world’s most envied and admired vehicles, but that isn’t helping it financially. Mounting losses, falling sales and the devastating impacts of the coronavirus, which has rocked the global economy
0 Comments
Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images Intel shares fell as much as 10% in extended trading on Thursday after the company reported fiscal third-quarter earnings that were
0 Comments
After weeks of negotiating a stimulus package, Congress remains at an impasse. Although President Trump on Thursday said he would “go higher” than the $1.8 trillion he offered in his aid proposal, his administration has yet to reach an agreement with House Democrats, who recently passed a $2.2 trillion measure. Complicating matters, Senate Republicans have
0 Comments
Morgan Stanley beat analysts’ estimates for third-quarter revenue and profit, fueled by better-than-expected results from the firm’s Wall Street trading operations. The bank said Thursday in a release that profit jumped 25% from a year earlier to $2.72 billion, or $1.66 per share, exceeding the $1.28 estimate of analysts surveyed by Refinitiv. It generated revenue
0 Comments
Coronavirus clinical trials from drug giants Johnson & Johnson and Eli Lilly hit a snag this week after safety monitors halted them over bad reactions from participants. J&J said Monday it paused the late-stage trial of its coronavirus vaccine candidate after a participant reported an “adverse event.” Less than 24 hours later, Eli Lilly said its
0 Comments
A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street
0 Comments
Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s gained 27% on Monday — at one point during the session jumping more than 40% — after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler, who is an
0 Comments
Billionaire tech icon and philanthropist Bill Gates says it is “inappropriate” to refer to the experimental coronavirus monoclonal-antibody treatment that President Donald Trump received earlier this month as a “cure.” “The word ‘cure’ is inappropriate, because it won’t work for everyone,” Gates said in an interview on NBC’s “Meet the Press” on Sunday. However, Gates
0 Comments
US Speaker of the House, Nancy Pelosi, Democrat of California, leaves after her weekly press briefing on Capitol Hill in Washington, DC, on October 8, 2020. Andrew Caballero-Reynolds | AFP | Getty Images Democrats in the House and Republicans in the Senate expressed opposition Saturday to President Donald Trump’s $1.8 trillion coronavirus stimulus offer, further
0 Comments
Stocks rose on Friday to end their best week in months as President Donald Trump signaled support for a bigger coronavirus aid package.  The Dow Jones Industrial Average closed 161.39 points higher, or 0.6%, at 28,586.90. The S&P 500 gained climbed 0.9% to 3,477.13. The Nasdaq Composite advanced 1.4% to close at 11,579.94. Microsoft and Salesforce led
0 Comments