July 10, 2020
Goldman Sachs-Backed Card Issuer Marqeta Gets Ready To Go Public
Marqeta Inc, a United States-based card issuing company backed by Goldman Sachs Group Inc GS, is preparing to go public.
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July 10, 2020
The Daily Biotech Pulse: July 10, 2020
Ziopharm Starts Blood Cancer Study, Allergan’s Botox Gets Label Expansion, 3 IPOs – Here’s a roundup of top developments in the biotech space over the last 24 hours.
July 6, 2020
Interactive Brokers Sweetens Global Connectivity With Tech, Education Focused Initiatives
Trading technology and brokerage service Interactive Brokers Group, Inc IBKR has been on a roll recently when it comes to disruptive innovation in the fintech space. Here’s a look at some of the recent initiatives IBKR has engaged in to further democratize financial markets.
July 1, 2020
The Daily Biotech Pulse: July 1, 2020
Here’s a roundup of top developments in the biotech space over the last 24 hours – Biotech Stocks Hitting 52-week Highs June 30
June 29, 2020
8 Stock Catalysts For The Week Ahead
The SPDR S&P 500 SPY finished off a difficult week on a low note Friday after another turbulent week on Wall Street. Here are eight potential catalysts ahead this week that could move the markets.
June 22, 2020
3 China ETFs Hitting New Highs
The MSCI China Index is higher year to date, something that can’t be said of either the MSCI Emerging Markets Index or the S&P 500.
June 17, 2020
Why Bankrupt Hertz Is A ‘Short Squeeze Poster Child’ Ahead Of Bizarre Equity Offering
Hertz Global Holdings Inc HTZ announced it would be selling up to $500 million in common stock. In the same filing, the bankrupt company said those shares of stock are unlikely to ultimately hold any value unless higher priority debtholders are fully paid, and short sellers seem to see that news as a slam-dunk trade.
June 11, 2020
Weekly Jobless Report Improves As More US Businesses Reopen
By some metrics, the U.S. economy continues to improve from the worst of the coronavirus impact. In the first week of June, continuing jobless claims fell from 21.27 million to 20.93 million, while initial jobless claims declined from 1.9 million to 1.54 million, according to the Department of Labor.
June 9, 2020
Hertz Stock Jump 115%, Erases Post-Bankruptcy Losses As Travel Revives
Hertz Global Holdings Inc. HTZ stock bounced higher on Monday with record volumes, continuing a three-day streak of gains after the car rental company declared bankruptcy as COVID-19 severely impacted travel.
June 8, 2020
Oil Inches Higher As OPEC And Allies Extend Historic Production Cuts By Another Month
The Organization of Petroleum Exporting Countries and its allies on Saturday agreed to extend the 9.7 million barrels per day production cuts through July.
June 4, 2020
Why Genius Brands Is On A Massive Rally, Adding Nearly 2500% Value In A Month
The shares of Genius Brands International Inc. GNUS, a company until recently struggling to keep itself listed on Nasdaq, have added 2458% since May.
June 3, 2020
4 Community Bank Executives Give Their Perspectives On The Paycheck Protection Program
Benzinga asked executives from four community banks around the country why that’s been the case, and how the Payroll Protection Program has worked for them.
June 2, 2020
Apple Cuts iPhone Prices in China To Push Sales As Country Reopens Economy
Apple Inc. AAPL has cut prices on the latest iPhone models in China. This comes ahead of a big online shopping festival with the Chinese economy picking up steam after COVID-19 lockdowns.
June 1, 2020
Goldman Sachs Revises Its Gloomy Outlook On Markets Following Sharp Rebound In Stocks
Goldman Sachs Group Inc. GS has given up its expectation of a sharp downturn in U.S. stocks.
May 28, 2020
US GDP Contracts 5% In Q1 As Corporate, Consumer Spending Plunge: Coronavirus Triggers ‘Rapid Changes In Demand’
The U.S. GDP contracted 5% in the first quarter of 2020, the largest since the 2008 recession. The metric was worse than the 4.8% drop economists projected, and it heralds the end of the nation’s longest recorded expansion period and a steep drop from the previous quarter’s 2.1% growth.
May 26, 2020
‘FAANG Stocks Are Strong Once Again,’ Facebook, Amazon, Netflix Hit Record Highs Last Week
Trading in the previous week suggested that the leading United States technology stocks are moving past the impact of the novel coronavirus (COVID-19) pandemic. Here’s how the so-called “FAANG” stocks performed over the week.
May 22, 2020
Analyst: Beyond Meat’s Stock Has Plenty Of Juice Left
Plant-based food maker Beyond Meat Inc BYND continues to mostly benefit from the “young female consumer in the urban environment,” BTIG analyst Peter Saleh said Thursday on CNBC’s “Trading Nation.”
May 21, 2020
Improvement In US Weekly Jobless Number Weaker Than Expected, Continuing Claims Top 25M
New U.S. jobless claims fell from 2.69 million to 2.44 million for the week of May 16, according to the latest Department of Labor report. The continued improvement was weaker than the consensus forecast of 2.4 million new claims.
May 20, 2020
Alibaba Invests $1.4B In AI And Internet of Things Systems For Its Smart Speakers
Alibaba Group Holding Ltd BABA announced Wednesday it is investing 10 billion yuan ($1.4 billion) in an artificial intelligence and Internet of Things smart speaker system.
May 18, 2020
Facebook Acquires Giphy, Reportedly For $400M
Facebook Inc. (FB) late Friday announced it had acquired popular graphics interchange format, or GIF, files platform Giphy.
May 12, 2020
BlackRock Largest Shareholder To Sell Entire Stake After Making 70-Fold Gains
PNC Financial Services Group Inc. (NYSE: PNC) on Monday announced that it is exiting its investment in asset management firm BlackRock Inc. (NYSE: BLK).
May 5, 2020
Apple Capitalizes On Plunge In Yields, Issues Cheapest Bonds In Years
Apple is issuing $2 billion for three years, $2.25 billion forfive years, $1.75 billion for 10 years and $2.5 billion for 30 years in bonds.
May 4, 2020
Asian Stocks, US Futures Retreat As Investors Fear Worsening China Relations
Asian stocks fell along with U.S. futures indicating the trend of stock declines at the beginning of the month may continue.
April 29, 2020
Alphabet Shares Rise During Earnings Call As Q1 Advertising Revenue Better Than Expected
The coronavirus pandemic has not affected Alphabet Inc.’s GOOG GOOGL advertising revenue as sharply as expected, while YouTube and Google Services use escalated during the first quarter.
April 28, 2020
Luckin Coffee Raided By Chinese Market Regulators Following Fraud Scandal
Luckin Coffee Inc. NASDAQ: LK has confirmed the company is under investigation by a Chinese regulator. Luckin, a rival to Starbucks Corporation SBUX in China, is being investigated by the State Administration for Market Regulation.
April 23, 2020
Quarantine ‘Crushing’ Both Good, Bad Retailers, Cramer Says
The coronavirus is “crushing” both good and bad retailers, as consumers are starting to realize they could easily live without a Kohl’s Corporation KSS, CNBC’s Jim Cramer said Wednesday on “Mad Money.”
April 21, 2020
The Historic Trading Action In Oil, Explained
WTI crude oil prices fell more than 100% to negative $40.32 per barrel on Monday, dropping into negative territory for the first time in history on concerns the U.S. may be running out of storage capacity in the near-term.
April 17, 2020
The Spread of COVID-19 Has Caused Massive Volume Spikes In Securities On OTC Markets
Dollar trading volume on the two top tiers of OTC Markets—the OTCQX Best and OTCQB Venture Markets—rose 15% and 14% respectively in March, the largest month-over-month increases since the end of 2018.
April 16, 2020
Volkswagen Resumes Manufacturing In Europe After Coronavirus Shutdown
Volkswagen AG VLKAF said on Wednesday it would restart production at its European sites from next week.
April 15, 2020
Chinese Tech Giants Tencent, Baidu, Huawei, Others Part Of Country’s National Blockchain Committee
Some of the biggest technology companies in China have a representation in the country’s newly-created national blockchain committee, a list of members published by China’s Ministry of Industry and Information Technology has revealed.
