Text size Cindy Ord / Getty Images Citigroup reported better-than-expected results for the second quarter, but the news failed to raise the stock. Earnings for Citigroup (ticker: C) totaled $ 1.3 billion, or 50 cents a share, better than the 35 cents stock analysts expected, but 73% below earnings of …
Read More »Moderna Shares Increase 17% in News About Coronavirus Vaccine Trials
Posted: Jul 14, 2020 at 6:23 pm ET Moderna headquarters in Cambridge, Massachusetts. fake pictures Moderna Inc.’s shares soared in the extended session Tuesday after the biotech company said its coronavirus vaccine candidate produced a “robust” immune system response in a larger group of people and the study will go …
Read More »Google Cloud adds another layer of security to attract business customers
Google Cloud is strengthening security, among other new features, to help its largest customers protect sensitive data during the coronavirus pandemic. The cloud computing unit of Google’s parent, Alphabet Inc. GOOGL, + 0.57% GOOG, + 0.61% announced the beta release of Confidential Virtual Machines at its Cloud Next ’20 virtual …
Read More »NCino Stock Rockets 150% after the Fintech IPO
Text size Ncino headquarters. Courtesy of nCino. NCino, which provides cloud-based software for financial institutions, experienced more than a 150% increase in its shares on its first day of trading. NCino shares opened at $ 71 and were trading at $ 77.20, a 150% increase in the Nasdaq stock market …
Read More »Major banks are hauling ‘big fees’ on debt and equity underwriting during the coronavirus crisis
Cash could be king during a crisis. But for the major investment banks that help the Federal Reserve do “whatever it takes” to maintain the flow of credit during the pandemic, the ace in the hole has been capital market commissions. Drink JPMorgan, Chase & Co. JPM, + 0.57%, which …
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