A Lyft logo is installed on a Lyft driver’s car next to an Uber sticker in Pittsburgh. Gene J. Puskar | AP Check out the companies making headlines after the bell: Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert California drivers from independent contractors to employees
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From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Silver looking to outpace gold, why gold’s price gains might just be getting started, and gold is set to outperform U.S. stocks yet again. As gold searches for new records, silver is
Shares in MGM Resorts surged 14% after IAC/Interactive announced that it had accumulated a 12% stake for an aggregate of $1 billion as the internet and media company seeks to enter the online gaming market. MGM rose to $21.64 in midday trading on Monday, while IAC (IAC) dropped 1.3% to $131.31. MGM said that IAC’s
Workers do final preparations on a Kodak stand on the eve of CES in Las Vegas, Nevada on January 8, 2018. David McNew | AFP | Getty Images Check out the companies making headlines midday Monday: Kodak — Kodak shares slid more than 30% after a federal agency said its $765 million loan for the
by WSBConsensus Liquidity by asset class in August 2020 relative to annual averages since 2010. Proxies for liquidity: in US Equities (average number of contracts on the bid/offer in ES1); US HG Credit (Trace daily value as % of market outstandings); US Treasuries (average of top 3 bids and offers on Brokertec); global FX (size
Regeneron Pharmaceuticals (REGN) has now announced the pricing of an underwritten offering of $1.250 billion aggregate principal amount of senior unsecured notes due 2030 and $750 million aggregate principal amount of senior unsecured notes due 2050. The 2030 notes will bear interest at 1.750% per annum and will mature on September 15, 2030. The 2050
by Michael Snyder Unusually large earthquakes have been striking diverse locations all over the United States in recent months, and experts are not exactly sure why this is happening. On Sunday, a very strange magnitude 5.1 earthquake that hit North Carolina made headlines all over the nation. In fact, when I checked the Drudge Report on Sunday
Novavax announced a partnership with Takeda Pharmaceutical to sell up to 250 million doses of NVX‑CoV2373, its COVID-19 vaccine candidate, a year in Japan. As part of the partnership, Novavax (NVAX) will license COVID-19 vaccine technology to Takeda for local production and commercialization in Japan. In exchange, Novavax will receive payments based on the achievement
Anywhere you turn, COVID-19’s impact can be seen. The deadly virus’ romp around the world and the lockdowns that ensued have had a devastating effect on the economy, with this made abundantly clear by the decline in GDP as well as the high unemployment rate. What else came out of the global pandemic? The crisis
Wix.com has soared over 138% so far this year yet Oppenheimer sees more upside lying ahead, on the back of strong subscriber growth in the most recent quarter. On August 7, Oppenheimer analyst Jason Helfstein raised Wix.com’s (WIX) price target to $350 (20% upside potential) from $305 and reaffirmed a Buy rating. Helfstein said that
by DCG From Daily Mail: While most children benefit from having time outdoors, for some youngsters it is triggering feelings of anxiety and despair due to fears over climate change. These ‘troubling emotions’ and their link to climate change have been studied by University of Colombia researchers for the British Ecological Society. In the first of its
COVID-19 has been a mixed blessing for streaming leader Roku (ROKU). On the one hand, the stay at home measures have resulted in outsized account additions and extra viewing hours. However, the advertising industry’s need to preserve cash has resulted in slashed budgets, and therefore less ad spend on Roku’s platform. That was the narrative
Photo by: Conor Ogle Check out the companies making headlines in midday trading. Roku — Shares of Roku dropped nearly 7% after the streaming video company issued a bleak outlook. The company said the advertising industry outlook remains uncertain in the second half of the year, and that it believes total TV ad spend won’t
by Martin Armstrong President Trump signed executive orders on Saturday to provide while the Democrats are more interested in trying to hurt people just to win the White House. Trump has provided more aid to people who have been devasted by this coronavirus pandemic charade. Trump has included the extension of the $400 weekly unemployment
Anything you can do I can do better. Is that what Apple (AAPL) is trying to tell Microsoft? Rumors have been making the rounds that Apple would also like to get in on the TikTok action. A recent report by Axios intimated the tech giant might be interested in acquiring the Chinese video-sharing social network.
Take a look at some of the biggest movers in the premarket: Booking Holdings (BKNG) – Booking Holdings lost $10.81 per share for its latest quarter, smaller than the loss of $11.50 predicted by Wall Street analysts. The parent of Priceline, Booking.com, Kayak and other travel services also saw revenue beat estimates, even as the
Despite rising as much as 41% since bottoming out along with the rest of the market in mid-March, Micron (MU) shares are still in the red in 2020 – down by 9%. The performance is particularly galling when compared to the company’s peers in the semiconductor industry. The SOX (The PHLX Semiconductor Sector Index) –
from Mining Stock Education Gold Terra’s Executive Chairman Gerald Panneton is known for his tremendous success at Detour Gold. But what the market may not fully realize is that Gerald is actually more excited about Gold Terra’s current Yellowknife project than he was his previous Detour Lake project. At Detour Gold, Gerald acquired the Detour Lake gold
A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday following its better-than-expected quarterly earnings. T-Mobile earned 9 cents on revenue of $17.67 billion, compared
2020 has seen a market trouncing performance from fintech player Square (SQ). Since hitting the skids in mid-March with the price dropping to $38.09, shares have appreciated by an enormous 285%. The latest uptick came after Square’s Q2 earnings report blew the estimates out of the water. The banking industry disruptor generated revenue of $1.92
A pedestrian wearing a protective mask exits from the Wall Street subway station in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The debate in Washington over the next round of fiscal stimulus and rising tensions between the White House and China could act as brakes on the stock
by Jim Quinn I used to take the monthly bullshit pumped out by the BLS and line by line destroy their narrative. But, I got bored and no one cared. Nothing has changed. Today the BLS reported “better than expected” employment numbers according to the MSM talking heads. They said the economy added 1.8 million
Sometimes a market rally makes sense, but for many investors, the current run-up just doesn’t. Bouncing back with incredible force, the S&P 500 has gained 50% since plummeting to a low point on March 23, with the index now landing just shy of its 52-week high. This impressive charge forward has come as investors shrug
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images Markets see a slight positive in July’s jobs report, but the focus remains on whether Congress can agree to
by Kimble Charting The U.S. Dollar ran into a perfect storm in 2020: a pandemic (Coronavirus), an easy Federal Reserve, and trillions of dollars in government stimulus. The result has been a steep decline in the greenback. Looking at today’s chart, however, suggests that the US Dollar may be nearing a bottom. That is if recent history
Shares in Booking Holdings rose 4% in Thursday’s after-hours trading after the travel giant posted second quarter earning results that beat the Street’s extremely low expectations. Shares in BKNG are currently trading down 11% year-to-date. Specifically Q2 Non-GAAP EPS of -$10.81 beat Street forecasts by $0.77 while GAAP EPS of $2.97 also beat by $16.88. Meanwhile revenue
Check out the companies making headlines after the bell: Dropbox — The data services company’s stock fell 6% during extended trading despite beating analyst predictions for second-quarter financial results. Dropbox posted earnings of 22 cents per share excluding certain items, which was 5 cents higher than analysts expected, according to Refinitiv. The company recorded revenues of $467
by Michael Snyder You may have noticed that a lot of people get offended by what I write. It is not something that I am purposely setting out to do, and I actually endeavor to get along with everyone as much as I can. But it is undeniable that my articles about our ongoing economic
The stock market just keeps going up, up and away. COVID-19 continues to have a choke hold on the economy, yet stocks have pulled off an incredible recovery, with the S&P 500 up 50% since its March low point. But can the index keep the rally alive? Credit Suisse’s global equity strategy analyst Andrew Garthwaite
Dana assembly technician Brandon Green wears a face mask as he works to assemble axles for automakers, as the auto industry begins reopening amid the coronavirus disease (COVID-19) outbreak, at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters As Congress haggles over stimulus to help the nation’s unemployed, markets await