Regeneron to buy back $5 billion shares from Sanofi
Regeneron Pharmaceuticals announced on Monday that it would buy back $5 billion worth of its shares from Sanofi, a French...
Alibaba exceeds market expectation; expects 650 billion yuan in revenue for 2021
As stay-at-home orders pushed consumers to shop for essentials online, and physical stores remained closed, Alibaba’s core business seen a...
J.C. Penney is reportedly considering filing for bankruptcy and closing a quarter of its stores
J.C. Penney is reportedly considering filing for bankruptcy protection as early as next week, though no final decision has been...
Kynikos Associates founder warns investors against ‘virus stocks’
Kynikos Associates founder Jim Chanos warns investors about the possible drop in stock value of what he called "virus stocks,"...
Oil prices are approaching ‘negative territory’ as production increases after OPEC+ cuts expire
As the coronavirus pandemic continues to paralyze business operations that require the government to implement draconian measures as the world...
GM to cut 20% off pay of 69,000 employees amid promise to start production of critical-care ventilators
About 69,000 employees of General Motors worldwide will have their salary cut by 20% in an effort by the automaker...
COVID-19 infects more than half million people; WHO considers ‘airborne precautions’ for medical staff
SARS-CoV-2, a new strain of coronavirus that is responsible for the COVID-19 pandemic, can possibly be transmitted through the air,...
McDonald’s to close all UK stores amid COVID-19 pandemic
McDonald's is closing all of its stores in the United Kingdom and Ireland as a bid to limit social interaction...
US solar installations are expected to grow 47% in 2020 but coronavirus crisis might have an impact moving forward
Almost 40% of the new electricity generating capacity added in the United States comes from solar energy, new figures reveal....
New York real estate market declines as sellers fear low prices amid coronavirus pandemic
The spread of the fatal coronavirus and the COVID-19 pandemic has forced markets to plunge and industries to suffer. That...
US futures nosedive as Trump speech fails to quell investor woes over the COVID-19 pandemic
Major US stock market indexes nosedived once again and fell sharply early Thursday as President Donald Trump's address disappoints investors....
Dow fell sharply right after Tuesday surge
Dow rumbles once again on Tuesday night amid a positive start of the week. US futures plunged sharply, pointing to...
US stocks lost $3 trillion in value this week as coronavirus fears force investors to abandon risky assets
The impact of the deadly coronavirus, which has been a matter of concern for the global market since the beginning...
Dow faces the biggest one-day plunge in history as COVID-19 fears intensify in the US
US futures plunged sharply as intensifying fears over coronavirus infection hit the United States. The drop in most stocks has...
Tesla stocks drove past $900 as analysts raise their price targets
Tesla is in a steady positive momentum as shares jumped above $900 on Wednesday, accounting for an 8% increase in...
IMF head says COVID-19 outbreak proves how the global economy can be threatened by ‘unforeseen events’
Echoing the fears of other economists in the past few weeks, International Monetary Fund head Kristalina Georgieva warns that the...
Dow fell after Apple said it could not reach its second-quarter goals
It's reds across the board as U.S. stocks were mostly down on Tuesday, driven by Apple's announcement that there is...
Gold floats above $1600 in its most buoyant since 2013
Gold becomes more buoyant, and prices floated the highest on Tuesday for the last seven years as the global fear...
T-Mobile, Sprint merger to continue as New York says it won’t challenge court decision
It appears as if the T-Mobile and Sprint merger is going to move on as planned after they succeeded in...
US stands to lose 1.6 million Chinese tourists this year
Since the deadly novel coronavirus outbreak in China, there have been varied opinions from experts regarding the extent of the...
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