Shares in Wirecard AG WDI, + 154.48% More than 150% soared on Monday, with some speculation that French group Worldline may try to buy parts of the German scandal payments company that filed for bankruptcy last week. Others said it was a so-called dead cat bounce: speaking on the market …
Read More »Bank stocks are falling because the Federal Reserve has limited its dividends and suspended its buybacks
The Federal Reserve requires banks to resubmit their capital return plans in light of the tensions the coronavirus places on the financial system. Olivier Douliery / AFP / Getty Images Text size The banks’ shares sank in the post-market, after the Federal Reserve took a tougher-than-expected stance on payments to …
Read More »American Airlines Stocks Suffer Sales Wave As COVID-19 Cases Increase
Shares of American Airlines Group Inc. sank to a seventh consecutive loss on Thursday, triggering a rebound in the broader airline sector, as continued improvement in travel demand collides with an increase in new COVID-19 cases to keep Wall Street sentiment under control. American Airlines USA Shares: AAL It plunged …
Read More »Vitamin seller GNC Holdings files for bankruptcy
GNC Holdings Inc. filed for Chapter 11 bankruptcy protection Tuesday with plans to sell and close up to one-sixth of its 7,300 stores worldwide. The GNC vitamin and supplement vendor, -24.69% He blamed the presentation of the slump in sales due to the coronavirus pandemic, demands from faster payment providers, …
Read More »Another electric van is coming. This is what you need to know.
Text size Private company Lordstown Motors has entered the fray, unveiling its all-electric pickup, Endurance. Servpro, a fire and water damage restoration company, has promised to order 1,200 trucks. Courtesy photography The fully electric truck space is getting crowded. More market participants compete for a share of this lucrative segment …
Read More »