Rolls-Royce Holdings announced on Tuesday that it will need to carry out inspections on its Trent XWB-84 engines after cracks were discovered on a small number of the engines that power the Airbus SE’s A350 plane. Rolls-Royce (RYCEF) said that it did not expect this issue to create “significant customer disruption or material annual cost”
Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Check out the companies making headlines in midday trading. Simon Property Group — Shares of the mall owner rose more than 4% after the
Dow component Pfizer Inc. (PFE) and junior partner BioNTech SE (BNTX) have chosen their BNT162 mRNA-based vaccine candidate for advanced trials, following positive results that raise hopes for a COVID-19 vaccine. The companies have already inked deals with Canada and Japan to supply millions of doses if the compound reaches the manufacturing stage, ensuring profitability.
US stocks climbed on Tuesday, following sharp gains in Europe, leaving Wall Street’s benchmark barometer within touching distance of the all-time high it set before the coronavirus-induced market tumult. The S&P 500 rose 0.5 per cent at the start of trading to about half a per cent below the peak it reached in February, before
The last time Credit Suisse was neck and neck with the likes of Morgan Stanley and Goldman Sachs as a top underwriter of equity offerings, the Zurich-based bank still had the words First Boston in its name. But this year, it has one major Wall Street trend to thank for putting it back in the
A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s
It has not been a good year for energy. Travel restrictions imposed due to coronavirus and the Russia–Saudi Arabia oil price war have sent stock holdings in oil and natural gas reeling. The result? Double-digit losses from some of the industry’s biggest energy funds. The 20 mutual funds and ETFs with the biggest losses so
Managing your money without a bank account is doable. But it can pose challenges — and the COVID-19 pandemic has only added more. Your economic impact payment might’ve arrived weeks or months after others’ did, in the form of a check or prepaid debit card, because you couldn’t choose the faster delivery option of direct
Although recycling may seem like a relatively simple concept, the plastics recycling supply chain proves otherwise. From understanding which plastics get recycled to determining the quality of those plastics, these issues and more are resulting in lower recycling participation rates. Statistics show that by 2024, the global recycling market is expected to reach $377 billion.
Ben Harris is the President of Westview Land and Harris Investments, LLC. getty Economic downturns are typically not helpful for real estate values, and land is certainly not immune to the effects. However, the economic contraction we are currently experiencing is different. Demand for land is stronger than I have seen it in the 10 years that
The Chinese government’s efforts to tamp down speculation in property markets will mean that funds will flow to equities instead, allowing for more upside in onshore equities, an economist said on Tuesday. “We think the liquidity will likely go to the equity market,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. Although
India’s largest mobile commerce platform Paytm has reportedly been freezing the bank accounts of users suspected of crypto trading, even though cryptocurrency, including bitcoin, is legal in India. The country still does not have a legal framework for cryptocurrencies but the government says that a crypto bill is “awaiting approval.” Banks Still Block Accounts Over
Boy amongst watermelons in Ajijic, Mexico Chuck Bolotin This morning, from the viewpoint of our master bedroom, I woke up to a spectacular view of Lake Chapala, in the Mexican highlands. There had been a light rain the night before. Scanning past our expansive, freshly mowed lawn with the newly planted palm trees my wife had the
Municipals continued to show strength on Monday ahead of this week’s larger calendar. Yields on the AAA GO scales were steady to down as much as one basis point, continuing to entice issuers with record low rates. Back in March, the coronavirus pandemic led to the fastest sell-off in municipals on record — only to
Australian projects are in focus as silver production here grew 6.6% in 2019 driven by higher output from lead-zinc mines. With the silver price soaring as safe haven demand kicks in among investors comes the news that mine output is certainly going to be disrupted in 2020 due to the global pandemic — but no
Gold is going to show the true value of the fiat currency. Judy Shelton is now coming on board and will lead the transition into sound money… Amir Adnani interviewed on the X22 Report Spotlight Amir discusses gold and silver on how they are making huge gains right now and it will not stop. Gold
Inovio Pharmaceuticals Inc. plans to initiate Phase 2/3 study trials of INO-4800, its experimental vaccine candidate against the novel coronavirus, in September and produce at least 1 million doses this year. The company said that it is in the process of finalizing additional manufacturing partnerships in the US and in Europe to meet the
Check out the companies making headlines before the bell: Marriott – The hotel operator reported an adjusted quarterly loss of 64 cents per share, wider than the 42 cent loss predicted by analysts and the first quarterly loss for Marriott in nearly nine years. Marriott continues to suffer from the impact of a Covid-19 related hit
by Chris Vermeulen of The Technical Traders Up until the end of the last week, Republicans and Democrats were locked in heated negotiations regarding the size and scope of pending COVID-19 relief efforts. Our researchers had little hope that any negotiations would be successful given the two sides were so far away from one another in terms of
The price-to-earnings ratio (P/E ratio) compares the share price of a company to the earnings it generates per share. The formula used to calculate this ratio simply divides the market value per share by the earnings per share (EPS). The typical calculation of the P/E ratio uses a company’s EPS from the last four quarters.
Leaders of a new Thai pro-democracy movement are publicly criticising the powerful monarch King Maha Vajiralongorn, violating a deeply embedded taboo and risking jail in the south-east Asian kingdom. The protesters, who are mostly university and high school students, have held demonstrations in more than half of Thailand’s 77 provinces, according to organisers and human rights
Companies and lawyers are rushing to work out the implications of US sanctions on Chinese and Hong Kong officials, which have raised temperatures between the world’s two biggest economies. The measures, announced by the Trump administration on Friday, are in response to a draconian national security law Beijing has imposed on Hong Kong. China on
Interactive Brokers will pay $38 million to three regulators for allegedly failing to detect fraudulent transactions by customers that cost more than 50 investors millions of dollars in losses. Regulators took the firm to task for multiple alleged shortcomings in its compliance systems, missing “numerous red flags,” according to the SEC. For instance, the agency
With Southwest Airlines offering incredibly flexible change and cancellations policies due to the evolving coronavirus pandemic, it might be the case that you’ve got some travel funds sitting in your account from some previously canceled flights. Announced earlier this summer, Southwest has rolled out a unique option for those travel funds: It is now possible
A judge has sentenced Australian citizen Kathryn Nguyen to a maximum time of 2 years and 3 months in prison for her role in stealing more than 100,000 XRP tokens in January 2018. According to an Aug. 11 report in Australian publication Information Age, Nguyen was sentenced over the theft of more than $300,000 in
A cyclist passes a public housing building in the Red Hook neighborhood of Brooklyn, New York. © 2019 Bloomberg Finance LP The Department of Housing and Urban Development announced today that it will provide a new round of emergency relief funding for eligible low-income families and individuals living in public housing. The $472 million in
A banner against renters eviction reading no job, no rent is displayed on a controlled rent building in Washington, DC on August 9, 2020. (Photo by Eric BARADAT / AFP) (Photo by ERIC BARADAT/AFP via Getty Images) ERIC BARADAT | AFP | Getty Images The executive action President Donald Trump took on Saturday doesn’t give
The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as much as 547% in the month to August 6, rising from just $1 to $6.47.
US President Donald Trump signs executive orders extending coronavirus economic relief on August 8, … [+] 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Throughout the 3 ½ years of his presidency, Donald Trump has disrupted nearly every major institution of government, save one. He
Puerto Rico’s government, politicians, and people struggled with how to deal with a botched Sunday primary. Many voting places had ballots delivered several hours late or not at all on Sunday. According to the electoral coordinator for Eduardo Bhatia, candidate for governor in the Popular Democratic Party, only 38 of 110 voting precincts completed the
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