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Fed Nominee Wins Over a Key Republican, but Faces Tough Road Ahead WASHINGTON — The nomination of Judy Shelton, one of President Trump's picks for the Federal Reserve, received a lift on Wednesday after a key Republican senator who had expressed skepticism about her qualifications said he would support her ...
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World shares slump after Trump announcement on virus plans Shares fell in Europe and Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China, as the number of cases surpassed 81,000. Germany's DAX lost 2.2% to 12,498.88 and ...
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Dollar retreats as coronavirus fallout raises expectations of rate cut LONDON (Reuters) - The dollar fell on Thursday as Treasury yields continued to plumb new lows and investors bet the Federal Reserve would cut interest rates to offset the impact of a spreading coronavirus, while the euro bounced half a percent higher.
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Oil prices fall for fifth day to lowest in a year LONDON (Reuters) - Oil prices fell 2% on Thursday, plunging for fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.
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Portola Pharmaceuticals Inc (PTLA) Q4 2019 Earnings Call Transcript Portola Pharmaceuticals Inc (NASDAQ:PTLA) Q4 2019 Earnings Call Feb 26, 2020, 4:30 p.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Operator. Welcome to Portola Pharmaceuticals ...
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China's central bank to ensure ample liquidity through targeted RRR cuts BEIJING (Reuters) - China's central bank said on Thursday that it will ensure ample liquidity through targeted reserve requirement ratio (RRR) cuts for banks at an appropriate time, and will keep monetary policy prudent and flexible to support the economy.
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Gold gains on virus spread, rate cut hopes; palladium surges to record Spot gold rose 0.6% to $1,648.63 per ounce by 0836 GMT. Prices jumped more than 1% in intraday trade on Wednesday before closing 0.3% higher. U.S. gold futures were up 0.5% at $1,650.50. An employee arranges one kilogram gold bars at the Perth ...
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Standard Chartered posts 46% jump in profit but warns of 2020 coronavirus hit The company said annual pre-tax profit was up 46% at $3.7 billion for the year, although this was slightly below analyst expectations. And it said it expects to take longer to meet its 10% ROTE (return on tangible equity) target. VIDEO3:0103:01. World is not in ...
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Zalando to tap designer labels, vintage to boost sales BERLIN (Reuters) - Online fashion retailer Zalando (ZALG.DE) plans to offer more premium and luxury ranges and move into the vintage clothing market as it predicted slower sales growth in 2020 after a strong final quarter to 2019. The logo of fashion retailer ...
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South Korea Says Flight Attendant Infected With Virus Worked Los Angeles Route SEOUL — A Korean Air flight attendant who worked on flights between Seoul and Los Angeles subsequently tested positive for the coronavirus, South Korea's disease control agency and sources said on Thursday. South Korea reported 334 additional cases ...
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Bayer aims for 7%-9.6% profit growth in 2020 LEVERKUSEN, Germany (Reuters) - Bayer (BAYGn.DE) said on Thursday it was targeting growth in adjusted core profit of 7% to 9.6% this year, driven by sales of agriculture products and pharmaceuticals, with only the upper end of that range meeting market ...
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Norway wealth fund earned a record $180 billion in 2019 Last year's return on investment amounted to almost $34,000 for each of the 5.3 million people living in Norway, and the overall value of the fund is now equivalent to about $207,000 for every man, woman and child. The fund holds stakes in more than 9,000 ...
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Airlines send in world's strongest disinfectants to fight the novel coronavirus Airlines are turning to the world's hardest-hitting disinfectants to rid planes of the coronavirus. Qantas Airways, Korean Air Lines and Singapore Airlines's Scoot unit are among carriers that helped evacuate people from the outbreak's epicenter, the Chinese ...
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Breakingviews - Budweiser gets a bitter taste of breakups HONG KONG (Reuters Breakingviews) - Anheuser-Busch InBev's breakup is leaving an unexpectedly bitter aftertaste. The Belgian brewer's recently separated Asia Pacific business expects the coronavirus to lop $170 million off normalised EBITDA from ...
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Fake meat and a latte? Starbucks adds Beyond Meat in Canada NEW YORK — Starbucks customers in Canada will soon be able to down fake meat with their Frappuccinos. The coffee chain said Wednesday that it will soon start selling a sandwich featuring a meat-free patty from Beyond Meat, the El Segundo, California, ...
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How Etsy Beat Revenue Expectations in the Fourth Quarter Last year, Etsy (NASDAQ: ETSY) announced a multi-year strategy to lay the foundation for long-term growth. On a basic level, this called for improving the experience for sellers with better marketing and investing in technology. Those efforts seem to be ...
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Online shopping can be worse for the environment than driving to a store If you think shopping online is more eco-friendly than driving to a store, think again. It may sound counterintuitive, but the more eco-conscious way to shop is going to a physical store rather than by making purchases online from companies that don't have ...
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IKEA Reduces Climate Footprint for the First Time STOCKHOLM — Carbon emissions throughout the full value chain of IKEA furniture fell for the first time last year, brand owner Inter IKEA said on Thursday citing increased use of renewable energy. From the production of raw materials and products through to ...
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Carol Stoudt to continue making beer after Stoudts Brewing closes Stoudts Brewing Company may be closing, but the beer will live on — and not just in the hearts and minds of its fervent supporters. Though the iconic Adamstown, Lancaster County, brewery is set to cease operations by early spring, owner Carol Stoudt ...
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Ford's Spin electric scooters are coming to Europe Spin, the dockless electric scooter company purchased by Ford in 2018, is expanding beyond the US. TechCrunch reports that the company is launching its electric scooter rental service in Cologne, Germany this Spring, with launches in other German cities ...
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Ditch Green Beer And Whiskey Shots For One Of These Sophisticated St. Patrick's Day Cocktails As festive as they may be, sometimes green beer and pickleback shots don't quite cut it on St. Patrick's Day (March 17). For a more sophisticated, St. Patrick's Day sip, a number of spirits brands have opted for more elevated drinks for the annual holiday.
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Recession risk increases as coronavirus spreads globally, economists say As the coronavirus outbreak enters a potentially dangerous new phase, with cases widening in Europe and expected to spread in the United States, economists have begun to raise their estimates for the risk of a global recession and fallout to the American ...
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Gilead starts two late-stage studies to test drug for coronavirus (Reuters) - Gilead Sciences Inc (GILD.O) said on Wednesday it has started two late-stage studies to test its drug in patients with severe and moderate cases of the illness caused by the coronavirus, sending its shares up 4% in extended trading. Beginning ...
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Lawmakers concerned ticket resale sites are hitting customers with hidden fees WASHINGTON, D.C. (NEXSTAR) – Whether it's a ballgame or a concert, Americans spend tens of billions of dollars every year on ticket reseller sites, like StubHub and Ticketmaster. Some members of Congress say that leaves room for consumers to be taken ...
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39 States Investigating E-Cigarette Maker Juul Over Marketing to Underage Users A group of 39 state attorneys general on Tuesday announced an investigation into Juul Labs Inc.'s marketing practices, adding to mounting legal and regulatory problems for the e-cigarette maker over its role in the nation's youth vaping epidemic. The probe ...
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Senator John Cornyn to Host Campaign Event Monday in Lubbock U.S. Senator John Cornyn will be hosting a campaign rally on Monday, March 2nd, 2020 at the Silent Wings Museum. According to a press release, the campaign event is free and open to the public. Senator Cornyn will reportedly be joined by elected officials ...
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Natera Reports Fourth Quarter and Year 2019 Financial Results SAN CARLOS, Calif., Feb. 26, 2020 /PRNewswire/ -- Natera, Inc. (NASDAQ: NTRA), a leader in non-invasive genetic testing and the analysis of circulating cell-free DNA, today reported financial results for the fourth quarter and the year ended December 31, ...
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Sequoia India leads $16 Mn round in Qure.ai Healthcare AI firm Qure.ai has secured $16 million in a fresh financing round led by Sequoia Capital India. Singapore-based MassMutual Ventures Southeast Asia (SEA) also participated. Headquartered in Mumbai, Qure.ai has operations in the US. It will use ...
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Trip Insurance: How you can protect your plans with the Coronavirus looming NASHVILLE, TN (WSMV) - The continuing uncertainty surrounding the Coronavirus may have you thinking twice about future travel, but what can you do to protect your plans? If you've already booked your travel, you may be out of luck. Experts say to qualify ...
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