GlobalFoundries could expand output at its flagship plant in the United States or break ground on a new one next to it, the chief executive of the third-largest semiconductor contract manufacturer told Reuters on Wednesday.
What happened
Cruise-ship stocks fell on Wednesday as COVID-19 cases increased at a disturbing rate and analysts grew more bearish on the industry's prospects. As of 1 p.m. EDT, shares of Norwegian Cruise Line Holdings (NYSE: NCLH), Royal Caribbean (NYSE: RCL), and Carnival (NYS
Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 5.7% loss. Within that group, Diamondback Energy, Inc. (Symbol: FANG) and Occidental Petroleum Corp (Symbol: OXY) are two of the day's laggards,
Looking at the sectors faring best as of midday Wednesday, shares of Utilities companies are outperforming other sectors, losing just 1.4%. Within that group, Consolidated Edison Inc (Symbol: ED) and CenterPoint Energy, Inc (Symbol: CNP) are two of the day's stand-outs, showi
The stock market appeared to be taking the surge in COVID-19 cases seriously on Wednesday. The Dow Jones Industrial Average (DJINDICES: ^DJI) was down about 2.8% at 1:45 p.m. EDT. Confirmed cases and hospitalizations are rising in many states, raising fears that new stay-at-home
(RTTNews) - The Switzerland stock market tumbled on Wednesday, in line with global markets after reports showing a surge in new coronavirus cases across the globe raised fears about a potential stronger wave.
Foreigners cut their holdings of Brazilian sovereign bonds in May to the lowest share since December 2009, official figures showed on Wednesday, even as financial market volatility and investors' risk aversion subsided.
After rebounding sharply higher in April, Apple (NASDAQ: AAPL) iPhone sales tumbled 7.7% in May in China compared to the previous month, according to data gathered by CNBC.
Fitch on Wednesday downgraded Canada's sovereign rating for the first time, to "AA+" from "AAA," citing deterioration of the country's public finances in 2020 due to the COVID-19 pandemic.
Canadian prosecutors dropped charges against an indigenous chief who was tackled and punched by police during an incident over an expired license plate, his lawyer said on Wednesday.
U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States re-ignited fears of a new round of government lockdowns, compounding worsening forecasts of the economic damage from the pandemic further.
The following are today's upgrades for Validea's Contrarian Investor model based on the published strategy of David Dreman. This contrarian strategy finds the most unpopular mid- and large-cap stocks in the market and looks for improving fundamentals.
The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative
The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving f
The following are today's upgrades for Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
(RTTNews) - GNC Holdings Inc. (GNC) said that it has filed for chapter 11 bankruptcy protection with plans to sell itself. It expects to accelerate the closure of at least 800 to 1,200 stores.
As U.S. employers grapple with trying to keep workers healthy and on the job amid fresh spikes in COVID-19 cases, CVS Health Corp has begun selling companies a diagnostic testing program.
Investors in Bed, Bath & Beyond, Inc. (Symbol: BBBY) saw new options begin trading today, for the September 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 86 days until expiration the newl
What happened
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) opened lower on Wednesday, after a Wall Street analyst cut his firm's rating on the company's stock.