Tuesday, May 26, 2020

Google Alert - finance

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finance
As-it-happens update May 26, 2020
NEWS
Economic Times
... * Italy/German Bund yield gap below 200 bps. * Italian 10-year yields lowest in almost seven weeks. * (Adds ECB exclusive story, updates prices). By Dhara Ranasinghe. LONDON, May 26 (Reuters) - Italy's 10-year bond yield fell to a seven-week low on ...
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Wall Street Journal
Chile's Latam Airlines Group SA, the largest airline in Latin America, has filed for bankruptcy protection in the U.S. after travel restrictions all but emptied the skies in the region, sending air carriers scrambling for ways to cushion the coronavirus impact.
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Washington Post
Stanley Ho, the Macao casino tycoon who was considered the father of modern gambling in China, died May 26 in Hong Kong. He was 98. The family confirmed the death but did not provide a cause. In 2009, Mr. Ho underwent brain surgery after he reportedly ...
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Reuters
(Reuters) - Bank of Nova Scotia on Tuesday said loan-loss provisions will remain high after a second-quarter increase drove a 41% profit decline, but shares still jumped 5% as earnings still beat analyst estimates. FILE PHOTO: A Bank of Nova Scotia ...
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FiercePharma
Sanofi and Regeneron unveiled plans last year to restructure their longstanding partnership, and now there are bigger changes afoot, for Sanofi at least: The French drugmaker aims to sell a most of its massive stake in its biotech partner. Sanofi detailed plans ...
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CNBC
Ad budgets were already shifting from TV to digital before the coronavirus pandemic, but that's going to speed up, according to a Europe-focused report by Goldman Sachs. "Overall, we expect the crisis will only accelerate the secular shift in advertising ...
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CNBC
Sales of newly built homes rose nearly 1% in April compared with March, according to the U.S. Census. While that may not seem like a lot, they were expected to fall 22%. The median price of a newly built home dropped 8.5% annually to $309,900.
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FiercePharma
For months, as the world's largest vaccine companies jumped into COVID-19 research and inked partnerships, Merck was conspicuously quiet. That changed in late April when the drug giant unveiled some of its early efforts—and now, Merck is publicly ...
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CNBC
... * S&P 500 tops 3,000 mark * For an interactive graphic tracking the global coronavirus spread, open tmsnrt.rs/3aIRuz7 in an external browser (Recasts, adds comments, updates prices) By Eileen Soreng May 26 (Reuters) - Gold fell more than 1% on ...
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Reuters
PARIS (Reuters) - Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry's recovery from the coronavirus crisis, a trade body said on Tuesday. FILE PHOTO: A logo of the International Air Transport ...
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Barron's
The IPO window is creaking open. Things have been very slow for initial public offerings, but the market last week snapped up shares of SelectQuote (ticker: SLQT), an online insurance broker, which priced an IPO at $20 a share, above the $17-$19 ...
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Motley Fool
Shares of the small-cap biotech Evofem Biosciences (NASDAQ:EVFM) rose by as much as 42.5% in pre-market trading Tuesday morning. The company's stock is taking flight in response to the Food and Drug Administration's (FDA) approval for the ...
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Reuters
MOSCOW (Reuters) - Russian Energy Minister Alexander Novak is due meet oil majors to discuss the implementation of global oil production curbs and the possible extension of the current level of cuts beyond June, sources familiar with the plans told ...
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NPR
People visiting Six Flags theme parks and water parks this summer will be required to wear a face mask at all times, the company says, as it prepares to reopen its first park to visitors for the since the coronavirus forced mass closures. Six Flags says it also will ...
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Houston Business Journal
Texas Capital Bank President and CEO Keith Cargill has stepped down from both roles, effective immediately, according to a May 26 news release. The news comes the same day as parent company and Dallas-based Texas Capital Bancshares (Nasdaq: ...
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The Journal News | LoHud.com
Memorial Day usually is considered the unofficial start to summer, but with so much uncertainty still surrounding the reopening of New York, it sure doesn't feel like it. There are some small pleasures that we can still indulge in, such as getting an ice cream ...
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Wall Street Journal
NEW YORK, May 26, 2020 /PRNewswire/ -- S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for March 2020 show that home prices continue ...
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TechCrunch
SpaceX has signed a new agreement with the U.S. Army that will see that defense serve test SpaceX's forthcoming Starlink satellite-based broadband network over the course of three years to evaluate its usefulness in serving their needs. The R&D ...
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Eater
In what may be one of the biggest signs that COVID-19-related lockdowns are winding down in favor of a return to some semblance of "normalcy," fast-food chains are apparently ready to roll out new products again. KFC is testing a premium chicken sandwich ...
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WNYT
LOS ANGELES (AP) - Richard Branson's Virgin Orbit failed Monday in its first test launch of a new rocket carried aloft by a Boeing 747 and released over the Pacific Ocean off the coast of Southern California. The inaugural launch had appeared to be going ...
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Solar Builder
Alliant Energy on Friday announced it would retire the last unit of its Edgewater coal plant in Wisconsin, a unit Sierra Club had previously found was costing Alliant's Wisconsin customers millions of dollars annually. The 380 MW unit is scheduled to go offline ...
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Benzinga
Sorrento Therapeutics Inc's (NASDAQ: SRNE) coronavirus program has been met with equal optimism and skepticism, which has led to wild swings in its stock price. The Sorrento Analyst. Dawson James Securities analyst Jason Kolbert initiated coverage of ...
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Motley Fool
While Macy's (NYSE:M) preliminary quarterly forecast showed a huge decrease from 2019, the retailer still has a chance for improvement. The company has made all sorts of adjustments to stem the hemorrhaging of sales and recently announced it has ...
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Atlanta Journal Constitution
The chain, which was founded in Wichita, Kansas, announced on social media late last week that it's giving away 500,000 free pizzas in partnership with America's dairy farmers. » RELATED: Graduation 2020: Deals and freebies for 2020 graduates.
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BizTimes - Milwaukee Business News
Advocate Aurora Health and 14 other health systems announced they are investing in personal protective equipment manufacturer Prestige Ameritech. Milwaukee- and Downers Grove, Illinois-based Advocate Aurora has partnered with Charlotte, North ...
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Investopedia
AutoZone, Inc. (AZO) shares rose more than 1% during Tuesday's session after the company posted better-than-expected third quarter financial results. Revenue was flat for the quarter, beating consensus estimates by $130 million, while net income came in ...
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San Antonio Express-News
U.S. stocks surged to the highest since March 5 as investors speculated the worst of the pandemic's damage to the global economy has passed after countries moved to ease lockdowns. A dollar gauge fell by the most in almost two months. The S&P 500 ...
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ActionNewsJax.com
ST. JOHNS COUNTY, Fla. — Commissioners from St. Johns County voted Tuesday morning to officially ask Elon Musk and the Tesla Company to move to St. Johns County. Earlier this month, Musk was tweeting about how the stay-at home restrictions in ...
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Reuters
SINGAPORE (Reuters) - Singapore rolled out its fourth multi-billion-dollar stimulus package in as many months on Tuesday, as it forecast a deeper recession than previously expected with the COVID-19 pandemic battering the bellwether economy.
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hays Post
By JOHN P. TRETBAR. Kansas Common crude at CHS in McPherson starts the week at $23.50 a barrel after topping $20 for the first time in two months last week. Kansas prices are up from just $10 a barrel at the beginning of the month, but are down by more ...
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The Hindu
Bata India on Tuesday said while it anticipated only need-based shopping in the short-term, revival in demand is expected around the festive season beginning September this year. The shoemaker posted a close to 57% drop in net profit for the ...
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Livemint
Dividends from Bharti Airtel proved insufficient in servicing loans taken to acquire shares of the telco. Bharti Telecom, the promoter firm of Bharti Airtel, on Tuesday raised over ₹8,433 crore by selling 2.75% stake in the mobile services provider in the ...
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WKRG News 5
Chattanooga gas prices have risen 6.4 cents per gallon in the past week, averaging $1.66 per gallon on Tuesday, according to GasBuddy's daily survey of 170 stations. Gas prices in Chattanooga are 18.1 cents per gallon higher than a month ago and stand ...
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Patch.com
NORMAL — The American Red Cross and The Pantagraph are teaming up for the 21st annual Friends and Family blood drive. The drive will be noon to 6 p.m. June 9-10 at the Marriott Hotel and Conference Center, 201 Broadway Ave., Normal. The annual ...
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Economic Times
Fitch Ratings - London - 26 May 2020: Fitch Ratings has placed four sub-investment grade tranches from two European collateralised loan obligations (CLOs) on Rating Watch Negative (RWN). The remaining tranches are affirmed with a Stable Outlook.
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Travel+Leisure
Skiers and snowboarders who want to hit the slopes will be required to wear masks if they're within six feet of other people. By Alison Fox. May 26, 2020. Advertisement. Save Pin FB More. Tweet Email Send Text Message Print. snowboarder. A snowboarder ...
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BenefitsPro
A majority of workers (57%) plan to work full-time or part-time in retirement, according to a new survey by the research team at Transamerica Center for Retirement Studies reporting trends for three age groups: baby boomers, Generation X and millennials.
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Toronto Sun
(Reuters) - Shanghai Junshi Biosciences Co Ltd said on Tuesday it plans to start clinical studies to test its experimental antibody against COVID-19 in the United States and China in the second quarter of the year, with partner Eli Lilly and Co. Lilly and several ...
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African Mining Market
(Adds quotes, details, background). JOHANNESBURG/LONDON, May 26 (Reuters) - South Africa's mining production is likely to fall by between 8% and 10% this year due to the COVID-19 pandemic, the CEO of industry body the Minerals Council said on ...
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NDTV
Bharat Sanchar Nigam Limited (BSNL) has launched an option to charge consumers for extending the validity of their plans. The new change comes as a revision of the existing Rs. 19 auto validity extension that BSNL customers were able to avail on the last ...
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CleanTechnica
May 25th, 2020 by Saurabh. India's massive solar power park scheme holds immense investment potential, a recent study has found. According to the thinktank Institute for Energy Economics and Financial Analysis (IEEFA), India could attract investment ...
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Offshore WIND
Siemens Gamesa Renewable Energy will conditionally supply SG 14-222 Direct Drive offshore wind turbines to the 2,640 MW Dominion Energy Coastal Virginia Offshore Wind (CVOW) commercial project. This project will be home to Siemens Gamesa's latest ...
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Gizmodo Australia
If you ever wondered if there were alternative ways to charge a Tesla, you now have your answer. A Finnish TV show has conducted an experiment where cyclists were used to charge the battery of a Tesla Model X, and it worked. Swipe to close. Video Player ...
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iDrop News
Last week we took a look at some of the different contact tracing apps that are being put together by various countries, and while there have been some major powers that have chosen to go their own way, some of them are having second thoughts as it ...
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STAT
Patients in clinical trials are usually faceless. But as the experimental Covid-19 vaccine being developed by Moderna Therapeutics has begun advancing through studies, it has found a much more visible advocate: trial volunteer Ian Haydon, a 29-year-old in ...
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YourStory.com
TikTok downloads have slowed down in the last two months as concerns around its content, which many have dubbed 'objectionable', continue to rise. TikTok crossed two billion downloads earlier this year, but it hasn't been smooth sailing since.
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