Friday, May 28, 2021

Google Alert - finance

Google
finance
As-it-happens update May 28, 2021
NEWS
CNN
New York (CNN Business) A series of major digital security breaches over the past year are serving as a wake-up call to Corporate America about the need to invest in cybersecurity. Friday brought yet another reminder of the risk of cyberattacks, when ...
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The New York Times
Last year, for the first time in 20 years, AAA, the automobile owners group, declined to put out its annual Memorial Day travel forecast as the surging coronavirus pandemic kept many people close to home. Its forecast this year: Travel is back. More than 37 ...
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Chicago Tribune
CNBC
Aerial view of a drilling rig operated by operated by China Petrochemical Corporation (Sinopec Group) sitting in Shengli Chengdao offshore oilfield on Dec. 2, 2020 in Dongying, Shandong Province of China. Xu ...
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Bloomberg
Evercore Inc. appointed Celeste Mellet Brown as the investment bank's new chief financial officer, the latest female ascent to a top post in an industry where men still dominate the upper ranks. Mellet Brown, most recently CFO of Fannie Mae, will take over on ...
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Washington Post
Data released by the Bureau of Economic Analysis on Friday showed that prices rose 0.6 percent in the past month. However, consumer spending fell 0.1 percent in April compared to March, after adjusting for inflation, as stimulus running through the economy ...
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Reuters
In the 12 months through April, the core PCE price index surged 3.1%, smashing through the Fed's 2% target, as the reopening economy unleashed pent-up demand. Investors have been closely watching ...
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The New York Times
The cooperative has recruited around 2,500 drivers so far and intends to take a smaller commission than Uber or Lyft and charge riders a lower fare. It is an ambitious plan to challenge the ride-hailing giants, ...
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CNBC
Doximity, which is often described as the LinkedIn for doctors, filed its IPO prospectus on Friday. The company is including a "reserved share program" in the offering so that physicians who use the technology can get shares in the IPO. Airbnb had a similar ...
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Reuters
Bitcoin slumped on Friday to its lowest this week, taking losses sparked by a growing crackdown in China and environmental concerns to almost 40% so far this month. The biggest cryptocurrency extended earlier losses, falling as much as 8.2% to $35,339 as ...
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MarketWatch
By how much do you think your investments will beat inflation over the course of your retirement? As you think about your answer, you may find it useful to review the data in the table below. It reports the annualized returns over all 20-year periods since 1793 ...
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Forbes
Why was student loan cancellation excluded? One possible reason is that the annual budget only contains major policy plans that have already been released by the Biden administration. Biden hasn't officially stated that he won' ...
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Livemint
In addition, the Shareholders' Meeting issued a favorable opinion on the Company's ambition with respect to sustainable development and energy transition towards carbon neutrality and its related targets by 2030. The shareholders voted by a very large ...
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Forbes
Amgen received regulatory approval from the Food and Drug Administration on Friday for Lumakras, a treatment for lung cancer that some analysts think could become a blockbuster, offsetting recent revenue declines for some of the biotech giant's other ...
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Reuters
"Given the recent uptick in industry-wide incidents of passenger disruptions inflight, we have made the decision to pause the previously announced re-start of alcohol service onboard June (Hawaii flights) and July," said Southwest spokesman Chris Mainz.
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Forbes
Tuft & Needle: Take 15% off all three of Tuft & Needle's mattresses: The T&N Original Mattress, the Mint Mattress and the Hybrid Mattress from now until May 31, no code required. You'll also see discounts of up to 20% off on bedding and furniture.
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Bloomberg
Prices across digital tokens took a hit as Bank of Japan Governor Haruhiko Kuroda joined a growing list of central bankers expressing skepticism about the industry's usefulness in the real world.
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Reuters
(Reuters) - Investment into U.S. exchange traded funds (ETFs) has risen to record levels this year, driven by a rally in equities and investor preference for passive index-tracking funds over actively managed peers. According to Refinitiv data, U.S. ETFs ...
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CNBC
Most of the women running the biggest U.S. companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses. Despite those gains, however, the median pay for female chief executives actually fell in ...
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Supermarket News
Costco Wholesale saw net and comparable sales jump over 20% for its fiscal 2021 third quarter, with margin growth in general merchandise, big-ticket items and nonfood categories more than offsetting flat results in food and sundries. And in another sign of ...
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CNBC
The mine was stealing thousands of pounds worth of electricity from the mains supply, police said. Police searched the unit on May 18 on the back of intelligence that led them to believe it was being used as a cannabis farm. These are all "classic signs" of a ...
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Forbes
Airbnb stock (NASDAQ: ABNB) has declined by about 25% over the last month, trading at about $135 per share currently. Below are a few recent developments for the company and what it means for the stock. Airbnb posted a strong set of Q1 2021 results ...
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Barron's
Centessa Pharmaceuticals, the last stock issuance of May, listed its shares with a solid gain, marking the latest sign that the IPO market is rebounding. The stock opened at $20.25 and hit a high of $24.80. Centessa (ticker: CNTA) shares changed hands at ...
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Bloomberg
Royal Dutch Shell lost a major climate lawsuit. The management of Chevron suffered defeat by shareholders who voted for setting an absolute reduction target for greenhouse gases. And, perhaps in the biggest coup of all, Exxon Mobil saw shareholders ...
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Bloomberg
Adam Aron, the CEO of AMC Entertainment Holdings Inc., knows what the Reddit retail-trading crowd has done for his company. The money-losing movie chain's wild, four-month rally never would have happened without these small-time investors. So earlier ...
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TechCrunch
TikTok has a month to respond to concerns raised by European consumer protection agencies earlier this year, EU lawmakers said today. The Commission has launched what it described as "a formal dialogue" with the video sharing platform over its ...
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Supermarket News
The Kroger Co. Kroger said the campaign comes after a collaboration with the Biden administration to get 70% of U.S. adults their first COVID vaccine dose by July 4. Issues ...
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Chicago Agent magazine
Revenues of $5.96 billion took out the $5.88 billion estimate in the Zacks consensus. Fiscal year revenue guidance was ratcheted up, as well, to $26 billion. Our analysts had been expecting $25.7 billion.
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MarketWatch
The Chicago PMI is the last of the regional manufacturing indices before the national ISM data for May is released on Tuesday. The ISM factory index slipped to 60.7% in April, which remained the eleventh straight month above the 50% break.
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USA TODAY
Memorial Day became a federal holiday in 1971. Originally, it was known as Decoration Day, a Civil War-era tradition in which loved ones decorated the graves of soldiers at the end of May. Today, it honors soldiers who have died in uniform.
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Chicago Tribune
Nearly half the consumers in a recent study conducted by the food and beverage consulting firm The Hartman Group said they look for plant-based products, according to a trend prediction released by Whole Foods on Wednesday.
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The New York Times
Boeing said Friday that it was providing the Federal Aviation Administration with extra information related to inspections of its 787 Dreamliner, further delaying deliveries of the plane. The company had previously halted 787 deliveries for months as its ...
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Barron's
Ford Motor CEO Jim Farley with the newly unveiled electric F-150 Lightning, whose killer app is its ability to provide three days of backup power for a house. Jeff Kowalsky/AFP via Getty ...
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CNBC
AMC Entertainment (AMC) – The movie theater operator's shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday's session alone. AMC – popular among the so-called "meme" stocks – has ...
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The Verge
The lawyers of Elizabeth Holmes, ex-CEO of disgraced blood testing startup Theranos, have 112 questions for prospective jurors at Holmes' fraud trial — including how often they check social media and whether they subscribe to Netflix. As The Wall Street ...
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CNN
But finding a sunscreen fit for people of color can be difficult, as many leave a white cast on the skin long after it's been applied. "Physical sunscreens are usually the culprit of the white/purple cast," explains New York-based licensed esthetician and skin care ...
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Motley Fool
Vertex Energy's (NASDAQ:VTNR) stock price soared more than 48% by 10:30 a.m. EDT on Friday. Fueling the oil stock was a significant price target increase by an analyst following the company's purchase of a refinery from Royal Dutch Shell (NYSE:RDS.
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Barron's
Hydrogen doesn't generate carbon dioxide when burned or used in a fuel cell to generate electricity. Carbon dioxide—the main gas blamed for global climate change—is emitted by cars burning gasoline and power plants burning coal and natural gas.
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MedPage Today
Rimegepant is the first oral CGRP antagonist to earn the FDA's nod for migraine prevention. Its approval as preventive therapy, along with its acute treatment indication, "is one of the most groundbreaking things to happen to ...
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AJMC.com Managed Markets Network
Panel members acknowledged the challenges and significant unmet need that patients with T1D face, along with the small size of the pivotal study. An FDA panel voted 10-7 on Thursday to support approval of teplizumab, based on question of whether the ...
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CNBC
Britain's Medicines and Healthcare products Regulatory Agency said doses of the Janssen Covid-19 vaccine were expected to be available in the U.K. later this year. U.K. Health Minister Matt Hancock said approval of the vaccine will boost the country's ...
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MarketWatch
The numbers: Rising inflation has cast a shadow over the U.S. economic recovery as Americans pay higher prices for a variety of goods and services ranging from steaks to used cars to plane tickets, according to a closely followed consumer survey.
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U.S News & World Report Money
For what CFO Katrina O'Connell · Even the beleaguered Gap brand saw some recovery, at least at home: Comps there rose 29% from 2020 and fell 1% from 2019, but rose 9% from 2019 in North America. · The company swung into the black, with net income ...
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Barron's
For the auto industry, safety and autonomous driving are the same topics. Advanced safety features such as lane-keeping assistance, blind-spot monitoring, interior driver awareness cameras, and adaptive cruise control will eventually—with the help of a lot of ...
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Hindustan Times
— Sanofi and GSK are enrolling participants into a late stage clinical trial for their Covid-19 vaccine candidate. — The government has awarded three contracts to groups that will be tasked with running ...
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Washington Post
BURLINGTON, Vt. — A Canadian company is hoping to buy Vermont's Koffee Kup Bakery, which closed abruptly last month because of financial troubles. The owners of Mrs. Dunster's Bakery, based in New Brunswick, Canada, announced Thursday that they ...
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Motley Fool
Shares of HEXO (NYSE:HEXO) were hopping Friday morning, up 7.8% at 11:30 a.m. EDT, on news that the Canadian cannabis company will acquire Canada's largest privately owned licensed producer, Redecan, for a purchase price of 925 million Canadian ...
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Fox News
If you don't feel like making your own burger to celebrate the food holiday, here are just some of the deals available from restaurant chains.
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Fox Business
Amazon has introduced mindful practice kiosks called "ZenBooths." The boxes were created in an effort to help warehouse employees "recharge" their internal batteries by utilizing a "library of mental health and mindful practices" like positive affirmations and ...
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Houston Chronicle
James Beard Award-winning chef Chris Shepherd's culinary stamp on Houston continues to grow with news that his Underbelly Hospitality will open a burger restaurant. MLB Capital Partners, the Houston commercial real estate company that owns the ...
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