May 14, 2020 6:56 am
Amazon.com Inc (AMZN) said earlier this week that its 6 warehouses in France would remain closed until May 18th. The warehouses have been closed since April 16th after Amazon was ordered to restrain deliveries during the COVID-19 pandemic. Amazon shares closed higher for the eighth time in the past ten trading sessions on NASDAQ on […]
Read moreMay 13, 2020 8:24 am
Hyatt Hotels Corp (H) said earlier this week that it would lay off 1 300 of its employees across the globe in an attempt to handle the COVID-19 crisis, which has crippled international travel. Shares of Hyatt Hotels Corp closed lower for a second consecutive trading session in New York on Tuesday. It has also […]
Read moreMay 12, 2020 9:06 am
According to data by the China Passenger Car Association (CPCA), Tesla Inc (TSLA) sold 64% fewer Shanghai-made Model 3 sedans in China in April from a month ago, or 3,635 vehicles. A total of 10,160 Model 3 sedans were sold in March compared with sales of 3,900 vehicles in February, the industry body said. Tesla […]
Read moreMay 12, 2020 7:10 am
A regulatory filing by Southwest Airlines Co (LUV) from last week showed that the air carrier intended to sell and lease back 20 jets for gross proceeds of nearly $815 million. The move comes at a time when cash saving is essential for airlines. The company said that the money raised would be used for […]
Read moreMay 11, 2020 7:55 am
Microsoft Corp (MSFT) said last week that it would establish its first data center region in Italy, as it expects to invest $1.5 billion in the project. Microsoft shares closed higher for a fifth consecutive trading session on NASDAQ on Friday. The stock went up 0.59% ($1.08) to $184.68, after touching an intraday high at […]
Read moreMay 8, 2020 9:20 am
Moderna Inc (MRNA) said earlier this week that the Food and Drug Administration had cleared its coronavirus vaccine for phase 2 trial. The company expects to initiate phase 2 trials with 600 participants soon, while also finalizing plans for a phase 3 trial this summer. Moderna shares closed higher for the fourth time in the […]
Read moreMay 8, 2020 7:30 am
United Airlines said earlier this week that it planned to initiate a private offering of two series of notes – senior secured notes due 2023 and senior secured notes due 2025, for an aggregate principal amount of $2.25 billion. United Air shares closed lower for a sixth consecutive trading session on NASDAQ on Thursday. The […]
Read moreMay 7, 2020 9:38 am
CVS Health Corp’s (CVS) first-quarter revenue, reported on Wednesday, topped Wall Street estimates, supported by a 9% surge in same-store sales, as consumers rushed in to get prescriptions, cleaning supplies and other essential items during the COVID-19 pandemic. CVS shares closed lower for the fifth time in the past ten trading sessions in New York […]
Read moreMay 7, 2020 7:01 am
LGI Homes Inc (LGIH) reported earlier this week 605 home closings in April, which compares with 612 closings in the same month a year ago. LGI Homes shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. It has also been the sharpest single-session gain since April 29th. The stock went up […]
Read moreMay 6, 2020 8:46 am
Microsoft Corp (MSFT) said on Tuesday that it intended to open a data center in Poland to provide cloud services to businesses and government institutions. It plans to invest as much as $1 billion in the project. Microsoft shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. The stock went up […]
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