August 7, 2020 11:48 am
According to an announcement by a Facebook representative on Thursday, company employees will be allowed to work from their homes until July 2021 because of the COVID-19 pandemic. With this decision the social media giant followed an example by other large tech companies such as Google, which has allowed its staff to work remotely until […]
Read moreJuly 31, 2020 11:27 am
Eli Lilly and Co’s (LLY) second-quarter earnings, reported on Thursday, topped Wall Street estimates, supported by sound demand for its Trulicity diabetes drug. The company also revised up its full-year adjusted earnings forecast. Eli Lilly shares closed lower for a second consecutive trading session in New York on Thursday. It has also been the steepest […]
Read moreJuly 28, 2020 11:24 am
Tesla Inc (TSLA) is looking to hire China-based designers and nearly 1,000 factory workers in Shanghai, as the US company ramps up vehicle production in the country. The job openings were posted on Tesla human resources department’s official WeChat account. The auto maker also intends to hire 600 workers for its stamping, bodywork, painting and […]
Read moreJuly 24, 2020 11:30 am
AMC Entertainment Holdings Inc (AMC) said on Thursday that it would reopen its US movie theaters in August. AMC had intended to reopen movie theaters in July, weeks prior to the release of Walt Disney’s “Mulan” and Warner Bros. Entertainment Inc’s “Tenet.” However, with “Tenet” now postponed for a third time, the largest US exhibitor […]
Read moreJune 23, 2020 2:43 pm
Shares in T-Mobile dropped 1.50% in premarket Tuesday after SoftBank decided to sell its stock in the mobile telecommunication company. On Tuesday, the Japanese tech company announced its intention to sell more than 198 million shares in T-Mobile. The shares that SoftBank plans to shed roughly amount to $21 billion. The offering is part of […]
Read moreJune 23, 2020 12:49 pm
Shares in Bayer AG surged 1.6% in Tuesday trading following the news of the court denying California the request for Bayer to label its weed killer, Roundup, with a cancer warning. The German pharmaceutical company is close to reaching a settlement that amounts to $8-$10 billion in a lawsuit over Bayer’s glyphosate-based weed killer. After […]
Read moreJune 23, 2020 9:47 am
Shares in Microsoft Corporation reached all-time highs in Monday trading. The company’s stock gained 2.78%, or 5.42, to trade at 200.57. The technology giant announced that it will close its streaming service Mixer on July 22 and it will team up with Facebook Gaming. The news about the change in partners would mean that all […]
Read moreJune 23, 2020 7:59 am
US stocks closed higher on Monday, with Nike being one of the top performers. The shares in the company surged 3.89%, or 3.73 points, to close at 99.51 on Monday. The reason for the gain is the upcoming Nike earnings report scheduled for Thursday. Investors believe that Nike could reach an all-time high, with predictions […]
Read moreJune 22, 2020 2:43 pm
Shares in Virgin Galactic gained over 17% in premarket Monday trading after the company announced its most recent agreement with NASA. According to the deal, the spaceflight company has agreed to help with a program that will find people who are willing to fly to space and prepare them for the experience at the International […]
Read moreJune 22, 2020 12:44 pm
Shares in American Airlines Group Inc. dropped 5.8% in premarket trading as the company announced its new financing strategy to raise $3.5 billion. The company needs this funding to handle the losses that came after the travel bans imposed during the coronavirus pandemic. The airline shared its plans to raise $1.5 billion by selling shares […]
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