Gold futures fell sharply on Tuesday, bringing bullion on course for its steepest daily slide in nearly five months, as global equities were buoyed by hopes of a coronavirus vaccine being approved by Russia, though that approval was met with some skepticism by experts. However, Dr Anthony Fauci, director of …
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US bankruptcies are heading for a 10-year high with 424 companies filed as of August 9, according to S&P Global Market Intelligence. The group’s analysis took into account both public and private companies with public debt. The coronavirus has hit consumer businesses hard, with more than 100 filings for bankruptcy …
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Shares of Nio Inc. NIO, + 5.88% hit 8.8% in record highs in prime trade Tuesday, after the China-based electric carmaker reported a second-quarter loss that was about half what was expected if sales more than doubled, providing an optimal outcome for deliveries for the current quarter. The net loss …
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Stifle analysts cut their share price target for Inovio Pharmaceuticals Inc. INO, -6.08% to $ 16 from $ 24 on Tuesday, after the company posted a broader-than-expected second-quarter loss and revenue that fell short of estimate. Inovio is one of many companies working on developing a COVID-19 vaccine candidate. The …
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Fresh hopes for another incentive package and signs that the spread of pandemic may be slow are set to boost shares on Tuesday. President Donald Trump signed executive orders over the weekend, postponing tax cuts and extending unemployment benefits, but investors hope talks on a larger rescue package would resume. …
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