Costco (NASDAQ: COST) recently announced fiscal second-quarter earnings results that included some minor letdowns for investors. Customer traffic posted a rare decline in the period despite surging demand in the early days of the COVID-19 pandemic containment efforts.
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the
Hedge fund Angelo Gordon & Co aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter and an investor presentation viewed by Reuters.
In trading on Monday, shares of Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 28 (TSX: BAM-PRX.TO) were yielding above the 7% mark based on its quarterly dividend (annualized to $0.6817), with shares changing hands as low as $9.71 on the day.
What happened
Shares of U.S. onshore oil and natural gas driller SM Energy Company (NYSE: SM) jumped as much as 17% on June 1, rising throughout the morning and into the early part of the afternoon. By 2 p.m. EDT, that stock was sitting just off the day's highs. The energy compa
Zoom Video Communications (NASDAQ: ZM) is strengthening the end-to-end encryption on its video conferencing platform but is only rolling it out for its paid customers.
The Semiconductor Industry Association, the trade group that represents Intel (NASDAQ: INTC) and other U.S. semiconductor companies, plans to lobby the federal government for billions of dollars in funding to build chip plants on U.S. soil, reportsa the Wall Street Journal.
Public health experts and government officials, including New York's governor, are warning that large street protests over racial inequities and excessive police force could worsen the spread of the novel coronavirus.
Wildlife advocates are pushing drugmakers to curb the use of horseshoe crab blood by switching to a synthetic alternative for safety tests, including those needed before a COVID-19 vaccine can be used on humans.
The ongoing COVID-19 pandemic is wreaking havoc on American hospitals. In the past few months, the number of outpatient surgeries decreased by 70% year over year, while patient admissions decreased by 30% to 50% compared to 2019. Each month, U.S. hospitals are operating at an es
Leaders of companies both big and small are not only trying to figure out how and when to bring people back into the office safely, but also how the coronavirus crisis has reshaped the very idea of a work week
What happened
Shares of Cerence (NASDAQ: CRNC) have popped to record highs today, up by 16% as of 1:40 p.m. EDT, after getting an upgrade from Wall Street. The maker of automotive virtual assistants is expected to benefit from the ongoing shift to connected cars.
A potential new coronavirus treatment could reach hospitals faster than expected thanks to the joint efforts of a pharmaceutical giant and a small, privately held biotech. Eli Lilly (NYSE: LLY), in partnership with AbCellera, has already treated the first patients in a clinical
What happened
Shares of Axon Enterprise (NASDAQ: AAXN) were soaring Monday as investors reacted to ongoing protests and riots in the country following the death of George Floyd while in police custody last week. Since Axon is a maker of body and dashboard cameras, non-lethal w
The iShares Morningstar Mid-Cap Growth ETF is seeing unusually high volume in afternoon trading Monday, with over 121,000 shares traded versus three month average volume of about 38,000. Shares of JKH were up about 0.5% on the day.
In trading on Monday, the Junior Gold Miners ETF is outperforming other ETFs, up about 3.6% on the day. Components of that ETF showing particular strength include shares of Mcewen Mining, up about 9.8% and shares of Endeavour Silver, up about 9.1% on the day.
In trading on Monday, grocery & drug stores shares were relative laggards, down on the day by about 0.9%. Helping drag down the group were shares of China Jo-jo Drugstores, off about 45.9% and shares of GNC Holdings down about 6% on the day.