-
Facebook Plans To Resume Work In Office In July At 25% Capacity And Safety Measures In Place
Wednesday, May 20, 2020 - 6:53am | 408Read More...Facebook Inc. (NASDAQ: FB) is planning to resume work in its offices starting July 6 at 25% occupancy, Bloomberg reported Tuesday. What Happened The company is considering putting people on multiple shifts to meet social distancing requirements to curb the spread of the novel coronavirus (COVID-19...
-
Trump Taking Hydroxychloroquine, The Drug He Pushed As COVID-19 Remedy
Tuesday, May 19, 2020 - 12:52am | 373Read More...President Donald Trump revealed he is taking hydroxychloroquine, a drug used to treat malaria, and one which may have serious side effects. What Happened Trump said on Monday that he’s been on the drug for nearly one-and-a-half weeks. It was on May 8 that Katie Miller, the press secretary for...
-
Apple Confirms Acquisition Of Virtual Reality Startup NextVR
Friday, May 15, 2020 - 12:00am | 320Read More...Apple Inc. (NASDAQ: AAPL) on Thursday confirmed to Bloomberg that it had acquired virtual reality startup NextVR. What Happened "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," a spokesperson for the Cupertino-based...
-
Amazon Says One-Day Deliveries Of Non-Essential Goods To Restart In Coming Weeks
Wednesday, May 13, 2020 - 2:42am | 292Read More...Amazon.com Inc. (NASDAQ: AMZN) said Tuesday Prime deliveries of non-essential goods on its e-commerce platform will return gradually in the coming weeks, Bloomberg reported. What Happened The one- and two-day deliveries have remained suspended for about two months in the United States as the...
-
Norway's Sovereign Wealth Fund Will Have To Liquidate Assets: Report
Friday, May 8, 2020 - 9:42am | 256Read More...Norway’s sovereign wealth fund will have to liquidate assets in order to make “room to maneuver” through an economic crisis, according to Bloomberg. This is the first time in its history that Norway’s sovereign wealth fund is having to liquidate its assets,...
-
Gilead Works To 'Maximize Global Supply' Of Coronavirus Candidate Remdesivir Amid Threat Of Patent Loss
Wednesday, May 6, 2020 - 10:49am | 616Read More...Gilead Sciences, Inc. (NASDAQ: GILD) recently received emergency use authorization from the FDA for its coronavirus treatment candidate remdesivir. The company now faces a conundrum: either mass produce the drug to satisfy the rising global demand or license the drug to others,...
-
Elon Musk Qualifies For $700M In Stock Options As Tesla Tops $100B Market Cap Average
Tuesday, May 5, 2020 - 11:20pm | 465Read More...Tesla Inc. (NASDAQ: TSLA) stock has risen enough in recent months to qualify CEO Elon Musk for the first lump sum payment under his stock compensation program, Bloomberg reported Tuesday. Tesla Meets Performance Goals The Palo Alto-based company's average trailing market capitalization...
-
TikTok Considers Launching Reality TV Show
Friday, May 1, 2020 - 12:54am | 383Read More...TikTok is in discussions about creating a reality TV show based on its own app to reach wider audiences. What Happened China-based ByteDance, which owns TikTok, has been having internal discussions about producing a TV show. ByteDance has also been approached by independent...
-
Deutsche Bank Says Q1 Results Will Beat Market Estimates
Monday, April 27, 2020 - 7:48am | 343Read More...Deutsche Bank AG (NYSE: DB) on Sunday said its first-quarter results would beat analyst estimates despite the negative impact of the novel coronavirus (COVID-19) pandemic. What Happened In an unexpected statement ahead of its earnings report scheduled on Wednesday, the German bank said it...
-
Boeing Shares Lose Altitude On New Coronavirus-Driven Concerns
Friday, April 24, 2020 - 3:44pm | 410Read More...Shares of airplane maker Boeing Co (NYSE: BA) were down nearly 6% Friday after The Wall Street Journal reported that the grounded 737 MAX may not return to the skies until late summer or early fall. 737 MAX's Return Up In The Air The fate of Boeing's grounded 737 MAX hinges...
-
Blackstone Sees 'Actionable' Buying Opportunities During Coronavirus Pandemic, Even As Q1 Results Disappoint
Friday, April 24, 2020 - 7:39am | 424Read More...Blackstone Group Inc. (NYSE: BX) President Jon Gray believes that the novel coronavirus (COVID-19) pandemic has brought "actionable opportunities" for the alternative asset management firm, even if its revenue has taken a toll in the short-term. Gray Hopeful Of Long-Term Performance...
-
El-Erian Discusses 'Zombie Market' On Bloomberg TV
Thursday, April 23, 2020 - 8:06pm | 431Read More..."If the "Walking Dead" TV series needs any extras, perhaps it can turn to Wall Street, where one exec said the Federal Reserve might soon be overseeing a "zombie market." El Erian Uncomfortable 'Betting On Bailouts' Investors recently...
-
Hedge Funds See Largest Drawdowns In Q1 In More Than A Decade
Thursday, April 23, 2020 - 5:04pm | 334Read More...For the first quarter of 2020, investors withdrew a net $33 billion, or 1% of the global industry capital of $2.96 trillion, from hedge funds, Bloomberg reported, citing a Hedge Fund Research Inc. report released Wednesday. The highest quarterly outflow of $42 billion was recorded in the...
-
Apple Reportedly Shifting Away From Intel, Will Make Its Own Mac Chips
Thursday, April 23, 2020 - 11:19am | 470Read More...After Microsoft Corporation (NASDAQ: MSFT) ditched Intel Corporation (NASDAQ: INTC) in favor of Advanced Micro Devices, Inc. (NASDAQ: AMD) for its Surface laptops, Apple Inc. (NASDAQ: AAPL) is reportedly making a similar move. Apple's Processor Plan Apple is contemplating the...
-
Oil Futures Drop To 1999 Levels With Demand Falling, US Storage Scarce
Monday, April 20, 2020 - 12:14am | 257Read More...Oil futures dropped to 1999 levels due to falling demand caused by the coronavirus pandemic and increasing worries that the United States is running out of storage. On Monday, WTI futures fell by as much as 15%, touching less than $16 a barrel, as a deal between OPEC+ and other producers...
