The Top Vaccine Stocks that Could Still Run Higher
With COVID-19 cases rocketing across the U.S., we need a vaccine immediately. Fortunately, we may be close to one. Just yesterday, Moderna (MRNA) announced its vaccine was found to induce immune responses in every volunteer in a Phase 1 study. “These early results,...
Three Top Ways to Trade Boiling Tensions with China
Tensions are boiling between the U.S. and China. Just this morning, China said it plans to sanction Lockheed Martin (LMT) over its role in a $620 million U.S. arms deal with Taiwan. “China firmly opposes U.S. arms sales to Taiwan,” said Chinese Foreign...
Coronavirus Vaccine Gets “Fast Tracked” by US FDA
We’re in desperate need of a vaccine. All as coronavirus cases rocket well above 13 million around the globe. Here in the U.S., we’re up to 3.3 million cases, with Florida adding 15,299 cases in a single day. · Brazil is up to...
These Top Stocks are Running as States Mandate Face Mask Use
The U.S. is in desperate need for more face masks. As we noted earlier this week, political leaders from both sides of the aisle are urging Americans to wear protective coverings, which can reduce transmission by 85%. With face mask demand outweighing supply, we...
State-run Air India working to contain costs
BENGALURU (Reuters) - State-run airline Air India Ltd said on Thursday it was working to contain costs by reducing debt, aircraft lease rentals, as well as staffing and operating expenses. Air India wants to reduce its dependence on the exchequer for funds, chairman...
U.S. retail sales increase in June; weekly jobless claims remain elevated
WASHINGTON (Reuters) - U.S. retail sales increased more than expected in June, but the budding economic recovery is being threatened by a resurgence in new COVID-19 infections and high unemployment. The Commerce Department said on Thursday retail sales rose 7.5% last...
Bank of America profit slumps as heavy loan losses loom
By Noor Zainab Hussain and Imani Moise (Reuters) - Bank of America Corp <BAC.N> saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential loan losses, while warning that it would struggle as long as interest rates stayed...
Insurers favor warehouse investments over offices as pandemic hastens real estate shifts
By Suzanne Barlyn (Reuters) - Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM)...
ECB says ample stimulus still needed to support economy
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank defended its huge pandemic stimulus package on Thursday and said it expected to have to use the full amount of planned debt purchases to help the euro zone stay afloat during a...
Wall Street opens lower as virus fears eclipse upbeat retail sales
(Reuters) - U.S. stocks opened lower on Thursday as concerns about the economic toll of another round of coronavirus-driven shutdowns across the United States offset data showing a higher-than-expected rise in domestic retail sales in June. The Dow Jones Industrial...
U.S. passive stock funds back in demand as investors seek steadier returns
By Patturaja Murugaboopathy (Reuters) - U.S. passive equity funds have started to witness inflows after a two-month hiatus as investors flock to rising equity markets, but prefer shadowing indexes to picking stocks. Data from fund research firm Refinitiv Lipper showed...
Japanese robot to clock in at a convenience store in test of retail automation
By Tim Kelly TOKYO (Reuters) - In August, a robot vaguely resembling a kangaroo will begin stacking sandwiches, drinks and ready meals on shelves at a Japanese convenience store in a test its maker, Telexistence, hopes will help trigger a wave of retail automation....
Key U.S. lawmakers back unions’ call for new airline bailout
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO (Reuters) - Key U.S. House Democrats are backing a push by airline unions for a new round of government bailouts to keep workers employed in the face of tens of thousands of possible layoffs this fall....
Top EU court ditches transatlantic data transfer deal
By Foo Yun Chee and Marine Strauss LUXEMBOURG (Reuters) - Europe's highest court ruled on Thursday that a transatlantic data transfer deal is invalid because of concerns about U.S. surveillance in a decision that could disrupt thousands of companies that rely on the...
YouTube not liable for user copyright breaches, EU court adviser says
By Marine Strauss BRUSSELS (Reuters) - Google's YouTube and other online platforms are not liable when users illegally upload copyrighted works onto their platforms, but rightholders can ask for injunctions against the companies, a European Union Court of Justice...