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 »Chipotle earnings preview: digital menu exclusives could drive sales
Chipotle Mexican Grill Inc. may launch digital-only menu items that drive sales, according to UBS analysts. Chipotle CMG, + 2.42% Digital sales increased 81% in the first quarter. The company has focused on improving its online business, such as installing Chipotlanes that enable rapid digital order picking, despite the coronavirus …
Read More »Eldorado Resorts Completes Purchase of Caesars Entertainment for $ 17.3 Million
LAS VEGAS – A Nevada company that started in 1973 with a single hotel-casino in Reno announced Monday that it has completed a $ 17.3 billion purchase of Caesars Entertainment Corp. and will take the company’s iconic name in the future as the largest casino owner in the world. Eldorado …
Read More »Investors applaud when two coronavirus vaccine candidates report T-cell responses, but findings are still at an early stage
At least two experimental COVID-19 vaccines produced a T-cell response in participants in early-stage clinical trials, which may indicate a longer-lasting form of immunity than an antibody response. BioNTech BNTX, + 3.46% and Pfizer Inc. PFE, + 0.69% It said early Monday morning that an ongoing early-stage clinical trial for …
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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