SkyWest Airlines will receive $233 million from the U.S. Treasury Department to help it pay for the wages and other benefits of thousands of SkyWest Airlines employees. SkyWest Airlines, a subsidiary of SkyWest, Inc. (SKYW), has already received half of the funds and will receive the second half next month. $40 million will be in
Stock Market
Some traditions are too time-honored to shirk, and on Wall Street, the annual ‘top picks’ are one. Usually made at the very end or very beginning of a year, the Street’s analysts publish reviews on the stocks they believe will show the best performance in coming months – their top picks. The analysts have been
by John Ward THE COVIDAVOS BUTTON IS ABOUT TO BE PUSHED In a new online survey released by Ipsos MORI Saturday night,it was revealed that fully 48% of Brits think the current Coronavirus restrictions are not strict enough. And just to pile on the agony, the number now saying the lockdown strategy is flawed has dwindled
Capital One has received a $390 million penalty from the Financial Crimes Enforcement Network (FinCEN) for engaging in both “willful and negligent violations of the Bank Secrecy Act (BSA) and its implementing regulations.” Capital One (COF) admitted that it had deliberately failed to implement and maintain an effective Anti-Money Laundering program, with it also not
Many companies were more than happy to put 2020 behind them, possibly none more so than Boeing (BA). While the A&D giant got off the ropes toward the end of the year, as the 737 MAX finally got recertified for flight, the company still flirts dangerously close to bankruptcy following the coronavirus’ initial impact. But
Pompeo: “Communist China is already within our borders.” twitter.com/SecPompeo/status/1350497517356642306?s=09 JUST IN – Pompeo: “Communist China is already within our borders.”pic.twitter.com/XsG3PScvkf — Disclose.tv 🚨 (@disclosetv) January 16, 2021 Related: It’s been one full year and China still has not allowed a thorough investigation. www.state.gov/fact-sheet-activity-at-the-wuhan-institute-of-virology/ h/t AllForTheGains
Intel (INTC) is trying on a new outfit, and investors appear to like the new look. Shares gained 11% this week after the company announced the appointment of a new CEO. The struggling semiconductor giant announced CEO Bob Swan is stepping down and will be replaced by VMWare CEO Pat Gelsinger. The new man at
Advanced Micro Devices (AMD) CEO Lisa Su has been given much of the credit for the company’s remarkable turnaround. From one teetering on the edge of bankruptcy in the early parts of the previous decade, Su has expertly steered the chipmaker to its current standing as a semiconductor giant. Rosenblatt analyst Hans Mosesmann logged in
Take a look at some of the biggest movers in the premarket: JPMorgan Chase (JPM) – The bank reported fourth-quarter earnings and revenue that topped Wall Street forecasts. Strong trading and investment banking results were among the factors helping the company’s bottom line. PNC Financial (PNC) – PNC reported better-than-expected revenue and earnings for the
by Michael Snyder Isn’t it fun to live in a rotting, decaying society that is coming apart at the seams all around us? The latest economic numbers are extremely depressing, but now that free speech is being abolished and the elite are consolidating control over every aspect of our society, we are being assured that better days
It’s been a stellar week for Acorda Therapeutics (ACOR) investors. The stock skyrocketed over 60% after the company announced it is selling its manufacturing operations for Inbrija – Acorda’s FDA approved treatment of OFF episodes in Parkinson’s disease – which should also reduce its headcount by 16%. The company’s 90,000 square-foot, FDA-inspected CGMP facility in
U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, January 8, 2021. Kevin Lamarque | Reuters President-elect Joe Biden moves into the White House in the coming week with the biggest stock market tailwind since a presidential Election Day going back to at
by confoundedinterest17 Enter Biden/Harris. President elect Joe Biden is touting a $1.9 trillion Covid relief package once he is seated. Today’s industrial production reading for December show IP improving from -5.41 YoY in November to -3.58% YoY in December. Capacity utilization increased from 73.39% in November to 74.54% in December. So, Biden is inheriting an improving
Watching the markets with an eye to the main chance, Raymond James strategist Tavis McCourt sees both risk and opportunity in current market conditions. The opportunity, in his opinion, stems from the obvious factors: the Democrats won both Georgia Senate seats in the recent runoff vote, giving the incoming Biden Administration majority support in both
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was based on the growth in Zoom’s Phone business. Exxon — The oil giant slid more
by Martin Armstrong The Entire Dutch Government resigned today showing that career politicians are just corrupt and this is what we will see as revolutions start to unfold. The resignations came after a scandal involving the mismanagement of childcare funds where the politicians demanded thousands of families into financial hardship had to repay the money they were
Shares of BlackBerry spiked 15% in Thursday’s extended market trading amid a report that the Canadian software company has sold 90 patents related to its smartphone technology to Huawei. That’s after the stock closed 23% higher yesterday. According to a report by Canadian newspaper The Globe and Mail records from the US Patent and Trademark
General Motors said Monday that it is suspending its quarterly dividend and stock buybacks to preserve cash during the coronavirus pandemic. JEFF KOWALSKY | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla – Shares of the electric vehicle company advanced 4.7%, clawing back the majority of Monday’s nearly 8%
Some technological advances are evolutionary, a simple next step from where we are now, but others are revolutionary, bringing us more than just more and better than what we have. 5G, the new wireless tech that has been rolling out since 2018, is shaping up to fall into the latter category. It started out looking
Take a look at some of the biggest movers in the premarket: GameStop (GME) – GameStop is jumping once again in premarket trading after surging the past three days in what some analysts are calling a short squeeze. The video game retailer’s stock was up more than 57% in Wednesday’s session alone. The stock is
by mapi Are American’s ready for a national United States Postal Service (USPS) biometric criminal background check program? What initially started out as an employee criminal background screener program has morphed into a biometric criminal background check program for the public. In 2019, the USPS innocuously began installing fingerprint scanners in post offices so they could scan
Nokia has teamed up with Google Cloud to develop 5G core network infrastructure and enable business customers to offer a platform for smart retail, automated manufacturing, and other online consumer experiences. As part of the partnership, Google (GOOGL) Cloud will provide the platform for communications service providers (CSPs) to modernize their network infrastructures and unlock
U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. Kevin Lemarque | Reuters President-elect Joe Biden’s inauguration next week is expected to usher in a more traditional and normal presidency, and the stock market could continue to climb, but
by Chris Black It is really, really important to the system that people get this vaccine, despite the fact that they’ve already stated that it probably doesn’t work and it won’t result in an end to the lockdowns, or really even change anything at all. Proof of vaccination or immunity could help countries open their borders
Share this on WhatsApp The US National Highway Traffic Safety Administration (NHTSA) urged Tesla to recall around 158,000 vehicles over safety concerns. Shares declined 1.3% in Wednesday’s after-market trading. Tesla’s (TSLA) vehicles that have been asked to recall involve 2012-2018 Model S and 2016-2018 Model X. The US car-safety regulator stated that its Office of
An exterior view of Party City store, who are closing their doors on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images Check out the companies making headlines in midday trading. Intel — Shares of the chipmaker popped more than 8% after CNBC’s David Faber reported that CEO Bob Swan would step
We are living in extraordinary times. As if a global pandemic wasn’t enough to deal with, last week’s deadly storming of the Capitol set the stage for a historic second impeachment. The attack on democracy has had other implications. Possibly worse for Trump than the impeachment charge, has been the removal of his favorite toy.
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Nordstrom — The retailer’s stock fell more than 3% after the retailer said its holiday period sales dropped
by Martin Armstrong We have to face reality. Joe Biden may not really be in charge as was the case with Bush Jr. His advisers are already laying out how to pay for a “brief” lockdown of 6 weeks. This agenda of locking the world down came from the climate activists spearheaded by Bill Gates through
Chinese electric-vehicle maker NIO (NIO) held its long awaited “Nio Day 2021” over the weekend, and at least one analyst came away impressed. Very impressed. In a short note, reiterating his “buy” rating, Deutsche Bank analyst Edison Yu upped his price target on Nio stock by 40%, from $50 to $70 a share — less than
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