As the S&P 500 falls into positive territory again throughout the year, investors need to be mindful of the fact that a handful of stocks appear to be doing much of the heavy lifting. The benchmark market index rose 1.3% in 2020 through Monday’s close, but much of that profit …
Read More »AstraZeneca Covid-19 data looks positive, but falls short of last week’s hype
Text size Jason Alden / Bloomberg Data on the Covid-19 vaccine in development by AstraZeneca and the University of Oxford published in The Lancet on Monday looked positive, but the stock fell after rising last week due to high expectations for the data. Shares of the US deposit receipt for …
Read More »Why could pooled evidence be a breakthrough in the fight against COVID-19?
Hopes of a COVID-19 summer pardon have been dashed as cases rose in June. As infections increase, so does the need for testing. In late June, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, announced that health officials were considering conducting pooled tests for COVID-19 …
Read More »Ant may be the biggest IPO in history, but it will overlook the US.
Text size Jack Ma Phillippe Lopez / AFP via Getty Images The US stock exchanges will not boast of what could be the largest initial public offering in history. Chinese financial technology giant Ant Group Co., which owns the mobile payment network Alipay, plans a dual listing in Hong Kong …
Read More »Microsoft Stock ‘is the main name of the cloud to play’. Street ratchets increase price targets.
Text size Microsoft plans to report earnings on Wednesday. Jeenah Moon / Getty Images As Microsoft will report earnings on Wednesday after the close of trading, Wall Street was frantically updating price targets and estimates on Monday to prepare for what could be better-than-expected results. Microsoft’s fourth fiscal quarter should …
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