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Trump's Covid-19 diagnosis is another market-moving wild card New York (CNN Business) President Donald Trump's battle with Covid-19, the most serious health threat facing a sitting US president in decades, is yet another market-moving wild card on Wall Street. Trump's shocking diagnosis creates vast uncertainty over ...
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Fed's Evans Says New Inflation Framework Would Have Limited Earlier Rate Hikes Federal Reserve Bank of Chicago President Charles Evans said Monday that if the central bank's newly adopted framework for interest rate changes had been in place earlier, it is likely that some portion of the rate-tightening campaign that happened ...
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Medical Cannabis Legalization Helps Destigmatize Related Products NEW YORK, Oct. 5, 2020 /PRNewswire/ -- Presently, the medical cannabis sector accounts for the majority of the market share, and progress is slowly being made in removing the stigmas associated with such products. For example, the U.S. Food and Drug ...
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Dow jumps 350 points on stimulus optimism as traders monitor Trump's health U.S. stocks climbed Monday as investors grew more hopeful that lawmakers would reach a compromise on a new stimulus deal in light of President Donald Trump's Covid-19 diagnosis and signs of a slowdown in economic recovery. Monday's gains also ...
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Amazon Prime Day is coming soon — here's what you need to know Amazon Prime Day 2020 was delayed for months this year, but finally, the retailer's biggest sale event is on the horizon. The mega-retailer recently announced that the huge sale event will take place on October 13 and 14. Of course, it's never too early to start ...
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Bristol Myers Squibb snags new Opdivo-Yervoy nod but chalks up failure in melanoma (Bristol-Myers Squibb) Bristol Myers Squibb's Opdivo-Yervoy combo won FDA approval in first-line mesothelioma, just as it failed to top solo Opdivo in preventing cancer recurrence in post-surgery late-stage melanoma. (Bristol Myers Squibb). Share Facebook ...
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Alibaba To Buy Multimillion-Dollar Stake In Dufry Alibaba Group Holding Co. continues to capitalize on growth opportunities. The latest: China's digital economy giant has struck a multimillion-dollar deal to buy as much as a 9.99 percent stake in the Swiss duty-free retailer Dufry, Bloomberg reported on ...
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Driving the 2021 Volkswagen ID 4, VW's first all-electric SUV When I first got to see Volkswagen's new ID 4 electric SUV at an eerily empty launch event in Brooklyn last month, the company's executives warned me not to make the obvious comparisons to other electric vehicles, namely Tesla. That was because ...
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Buyer beware: These credit cards still have sky-high interest rates despite the Fed's rate cut Two in five adults have impulsively opened one of these cards — and doing so can wreak havoc on your finances if you're not careful. Taking out a store credit card to help pay for that new piece of jewelry could be a mistake. Getty Images/iStockphoto.
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Bristol Myers expands heart drug business with $13 billion deal for MyoKardia (Reuters) - Bristol Myers Squibb Co said on Monday it would buy MyoKardia Inc for about $13 billion to bolster its portfolio of heart disease treatments, ahead of the potential loss of sales exclusivity of some of its blockbuster drugs. The logo of U.S. drugmaker ...
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Nvidia to build the UK's fastest supercomputer for AI drug-hunters at GSK, AstraZeneca and more Nvidia's Cambridge-1 is expected to come online before the end of the year, as the most powerful supercomputer in the U.K. and the 29th fastest in the world. GSK and AstraZeneca are slated as the first to receive access. (Image: Nvidia). Share Facebook ...
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Stocks making the biggest moves in the premarket: MyoKardia, Eidos Therapeutics, DraftKings & more DraftKings (DKNG) – The sports betting company announced a public offering of 32 million class "A" shares, half by the company and half by certain selling stockholders. DraftKings will use the proceeds that it receives for general corporate purposes.
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Instagram is adding more shopping features, and it already has a head start on TikTok Facebook-owned Instagram will start testing shopping through its short-form video feature Reels later this year. Instagram will also add shopping to its IGTV, where users can watch longer videos, starting Monday. The move Monday will appeal to creators and ...
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Pandemic Pushes Start of Holiday Shopping Earlier Than Ever By JOSEPH PISANI and ANNE D'INNOCENZIO, AP Retail Writers. NEW YORK (AP) — Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Retailers are kicking off the holiday season earlier ...
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Pacific Biosciences Launches the Sequel IIe System to Accelerate Adoption of Highly Accurate HiFi Sequencing MENLO PARK, Calif., Oct. 05, 2020 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (Nasdaq:PACB), a leading provider of high-quality sequencing of genomes, transcriptomes and epigenomes, today announced the launch of the Sequel® IIe ...
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Weir Is Exiting the Oil-and-Gas Industry With a $405 Million Sale to Caterpillar. Its Stock Is Soaring. Weir Group will exit the hydrocarbon industry by selling its oil-and-gas division to Caterpillar for $405 million, leaving the Scottish engineer to focus on its core mining business. The sale is part of a strategic transformation by Weir as the oil-and-gas sector ...
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Alphabet Pledges to Pay $1 Billion to News Content Producers The move comes after years of criticism that Big Tech disseminates news content without paying for it. Eric Volkman. (TMFVolkman). Oct 5, 2020 at 9:59AM. Author Bio. Eric has been writing about stocks and finance since the mid-1990s, when he lived in ...
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Uber, Lyft Spending $100 Million to Fight Gig Worker Law, Avoid Layoffs and Service Cuts Uber and Lyft together are spending nearly $100 million on Proposition 22, a November California ballot initiative to overturn a controversial state law that would compel them to classify drivers as employees. Support Times of San Diego's growth with a small ...
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NVIDIA Announces Cloud-AI Video-Streaming Platform to Better Connect Millions Working and Studying Remotely GPU-Accelerated AI Platform, NVIDIA Maxine, Enables Video-Conference Providers to Vastly Improve Streaming Quality and Offer AI-Powered Features Including Super Resolution, Gaze Correction and Live Captions. SANTA CLARA, Calif., Oct. 05, 2020 ...
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Exxon planning to increase carbon emissions, report says Exxon Mobil Corp. XOM, +1.63% is planning to increase annual carbon-dioxide emissions, Bloomberg said Monday citing an analysis of leaked internal documents. Exxon's assessment of its $210 billion long-term investment plan shows yearly emissions ...
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Kronos Bio sets terms for IPO, to be valued at up to $924 million Kronos Bio Inc. KRON, set terms of its initial public offering, in which the California-based biopharmaceutical company looks to raise up to $185.3 million. The company is offering 10,294,118 shares in the IPO, which is expected to price between $16 and $18 ...
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EV Battery Maker Romeo Systems to Go Public Through a $1.33 Billion SPAC Deal (Reuters) - Romeo Systems Inc, a battery maker for electric vehicles, will go public through a merger with blank check company RMG Acquisition Corp in a $1.33 billion deal, the companies said on Monday. The deal is expected to raise $384 million for ...
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Equinor closes four North Sea fields amid strike Norwegian oil-and-gas major Equinor ASA said Monday that four fields in the North Sea have been shut down due to a strike. The trade union Lederne has stepped up its strike on the Norwegian continental shelf from Sunday midnight and as a result of the ...
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'Safe but still spooky': Families can experience the ultimate socially distanced Halloween event in Osceola County OSCEOLA COUNTY, Fla. — Every weekend in October, Central Florida families can experience the ultimate socially distanced Halloween event. Scream N' Stream has created a safe but effective way to still celebrate Halloween in the middle of a pandemic.
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Ferch's Malt Shoppe and Grille, a longtime staple in downtown Greendale, is closing this month Ferch's Malt Shoppe and Grille, a longtime staple in historic downtown Greendale, is closing this month. In 1987, Betty Ferchoff and her husband, Dale, opened Ferch's, 5636 Broad St., with their three children, according to a previous Journal Sentinel report.
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Current Mortgage Refinance Rates, October 5, 2020 | Rate drops The national average for a 30-year fixed-rate refinance ticked downwards, but the average rate on a 15-year fixed cruised higher. The average rate on 10-year fixed refis, meanwhile, increased. Refinancing rates change daily, but they remain much lower ...
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Texas energy expert: 'Industry will continue to lead the way' on environment (The Center Square) – As BP reported oil demand will decline even as energy demand increases, the energy giant continues to diversify into the renewables energy market. The ultimate impact on the industry remains to be seen, Todd Staples, president of ...
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Facebook Hits Back at Claims It Should Be Broken Up Facebook says that any U.S. government effort to split it up would be a "non-starter," according to a document drawn up by the company's lawyers that The Wall Street Journal reviewed. Breaking the company up into separate entities, with Facebook (ticker: ...
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Sandia labs and Intel partner to develop computing technology Computer chip manufacturer Intel announced a new partnership with Sandia National Laboratories on Friday — one that could spur the development of new computing technology. The three-year agreement will see the two organizations collaborate to ...
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Nvidia lays out plan to create new kind of data center chip (Reuters) - Nvidia Corp on Monday laid out a multi-year plan to create a new kind of chip for data centers, aimed at siphoning off more functions from its chief rival Intel Corp . Models with limited features will debut in months, while full-fledged versions are ...
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City watchdog secures £1.6m order against money laundering fugitive A fugitive businessman convicted of money laundering in one of the UK's largest ever insider trading case should return £1.6m or have eight years added to his prison sentence, a London court ruled today. Luxury watch dealer Richard Baldwin was sentenced ...
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How the pandemic accelerated the US ghost kitchen market '5 years in 3 months' This article is the first in a six-part series exploring the growth of the ghost kitchen market. Next week, Restaurant Dive will look at how to make these concepts profitable. Future articles will be posted here. The pandemic is gutting the restaurant industry's ...
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Farxiga Granted Breakthrough Therapy Designation in US for Chronic Kidney Disease FARXIGA demonstrated unprecedented reduction in the risk of kidney failure and cardiovascular or renal death in patients with chronic kidney disease. October 5, 2020 — AstraZeneca's FARXIGA ® (dapagliflozin) has been granted Breakthrough Therapy ...
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Palm Coast begins utility assistance program for residents Palm Coast's utility assistance program began Sept. 28. Applicants must meet city residency and income requirements. The money is available to both renters and homeowners, according to a city news release. Applicants must have been city utility customers ...
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'Coffee With A Cop' scheduled for Oct. 7 in Kerrville Due to the coronavirus pandemic, the next Coffee With A Cop event in Kerrville will be a little different. From 7 to 9 a.m. Wednesday, Oct. 7, the McDonald's Restaurant at 600 Sidney Baker St. will host a drive-thru event where people can get breakfast and free ...
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Lotus Helping Develop Lightweight EV with Help for UK by Joseph Szczesny | Oct 5, 2020. Lotus is taking part in the British governments Lightweight Electric Vehicle Architecture project. Best known as a producer of supercars, Lotus is leading an engineering government-funded partnership to develop an all-new ...
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US Service Industries Expand More Than Forecast on Orders (Bloomberg) -- U.S. service industries expanded in September by more than forecast as faster growth in new orders and a pickup in employment pointed toward a better pace of economic recovery. The Institute for Supply Management's services index, which ...
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Gilat, Comtech agree deal cancellation Comtech will pay $70 million for cancelling the M&A agreement that originally valued Gilat Satellite Communications at $577 million. Now it's official: the deal for the sale of Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) to US company Comtech ...
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'I Don't Think Money Is the Answer': How Firms Can Preserve Young Talent (Editor's note: This is the fourth of a four-part series looking at how actions firm have taken during the pandemic are negatively impacting younger lawyers, the causes and consequences of those actions, and what firms can do to protect their young talent and ...
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TFI expands portfolio in Grammer Dry Bulk deal Canadian transportation and logistics company TFI International (NYSE: TFII) continues to build out its portfolio, this time adding another bulk carrier to the mix. In a Monday press release, the Montreal-based company announced the acquisition of Grammer ...
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Malaysia's flagship budget airline AirAsia shuts Japan operations KUALA LUMPUR: Malaysia's flagship budget airline AirAsia Group Bhd is ceasing its Japanese operations immediately, it said in a bourse filing on Monday. The airline said it has been notified that the AirAsia Japan (AAJ) board of directors have taken a ...
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Mercy Health to purchase KSU Trumbull land for $395k Mercy Health is planning to purchase Kent State University land in Trumbull County to develop a healthcare campus. In September, the Kent State Board of Trustees approved the sale of 62.88 acres adjacent to the Trumbull Campus, on the south side of ...
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Kia closes in on Top 4 sales spot in 2020, prepares to overtake Ford, Mitsubishi Hyundai's sister brand Kia wasn't even inside the Top 10 a decade ago, now it is just one spot away from the podium in 2020. 0 shares. Korean car maker Kia is on track to finish fourth outright in 2020 – behind market leader Toyota, long-standing number two ...
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Samsung fights back as Huawei has been slashed in 5G networks Huawei's 5G exclusion by the US and their allies have sparked growth for Samsung in the 5G sector. Until recently, the company's main stream of revenues was based on producing computer chips, smartphones and displays. However, from the moment ...
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Spanish Fort to honor police in Bass Pro Shop shooting incident The City of Spanish Fort plans to hold a ceremony Monday honoring four officers and a dispatcher involved in the arrest of a heavily armed man who fired shots outside a Bass Pro Shop on Sept. 5. In that incident, 38-year-old Robert Smith of Grove Hill was ...
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Famed Central Park Boathouse Restaurant Lays Off Entire Staff and Shows No Signs of Reopening The Loeb Boathouse, the iconic restaurant off of The Lake in the middle of Central Park, has filed notice with the city to lay off all of its workers, and their union says the restaurant is not reopening, according to The City news site. The restaurant at the Loeb ...
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The median price for a single-family home in the Denver area in September: $510000 Low inventory and demand fueled in part by low interest rates have put buyers at a disadvantage in the Denver area housing market. The median price for a single-family home was a record $510,000 in September, according to the Denver Metro Association ...
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