Stocks jump on coronavirus vaccine hopes, Trump’s infrastructure plan
Moderna's COVID-19 vaccine produced “binding anitbodies” in a Phase 1 trial, according to the New England Journal of Medicine.
Biden blue wave could crush these parts of the stock market
Higher taxes and tighter regulations are just part of the problem for stocks if there's a Democratic sweep in November.
Goldman Sachs rides investment banking, trading to big earnings beat
Both the investment banking and trading divisions raked in the highest revenue in years, even as Goldman increased its reserves against potential loan defaults.
Dow soars 557 points, energy, materials drive broad gains
Major U.S. banks increased reserves against loan defaults during the COVID-19 pandemic while California backtracked on reopenings.
Big investors grow less optimistic on V-shaped coronavirus recovery
Fund managers increased their cash piles amid a declining belief the U.S. economy will see a rapid V-shaped recovery.
Delta Air Lines takes $7B loss as coronavirus grounds flights
Delta Air Lines lost $3.86 billion before taxes and other items as the COVID-19 pandemic grounded flights.
Stocks surrender gains after California rolls back coronavirus reopenings
A late day reversal hits stocks hard ahead of bank earnings out tomorrow.
PepsiCo beverage sales slide amid coronavirus lockdowns
PepsiCo reported second-quarter sales slid 3.1 percent from a year ago as consumers stocked up on snacks and bought fewer beverages amid the COVID-19 pandemic.
Analog Devices to buy rival Maxim Integrated, form $68B chipmaker
Analog Devices has agreed to buy Maxim Integrated products in all-stock deal.
COVID-19 heroes must jump through hoops for workers’ comp
Essential workers during coronavirus have no guarantee they will qualify for workers' compensation.
Coronavirus vaccine could tilt election toward Trump by energizing stock market
The S&P 500 has rallied 42 percent from its March 23 low, but the momentum has stalled over the past week as the number of daily COVID-19 infections reached the highest level on record.
Nasdaq grabs new record as stocks post weekly gains
US stocks end week on a positive note ahead of earnings season.
Carnival sales plunge 85% as coronavirus docks ships
The Miami-based cruise operator’s revenue plunged 85 percent from a year ago to $740 million, driving its loss to $6.07 per share.
Tesla stock skeptics burn $18B with bad bets
Tesla short-sellers have lost $18.1 billion this year as the electric-car marker's stock price surged, according to S3 Partners.
Nasdaq powers higher as Dow drops over 361 points
Initial jobless claims for the week ended July 3 totaled 1.314 million, meaning nearly 50 million Americans have filed for first-time unemployment benefits since mid-March.
Walgreens loses $1.7B as coronavirus snarls overseas sales
Walgreens Boots Alliance lost $1.7 billion in its fiscal third quarter as the coronavirus caused a sharp drop in sales.
Stocks jump, Nasdaq resumes record run
The Nasdaq has its best first five days of the second half of a year since 2003.
Twitter rockets higher on development of subscription model
Twitter's new team, called Gryphon, is made up of a group of engineers that will work closely with the payments team to build the new product, according to a job posting.
Key stock investors skeptical Dems can sweep election: Goldman Sachs
Stocks in companies that benefited the most from Republican tax cuts are pricing in lower odds of a blue wave than betting markets.
Kudlow insists 'V-shaped recovery' still on, warns against more shutdowns amid coronavirus surge
White House Economic Adviser Larry Kudlow said Wednesday that the United States is in the midst of a “V-shaped recovery” amid the coronavirus pandemic that rocked the economy, while warning that it would be a “big mistake” to shut down the country amid a surge in positive cases of COVID-19.

















