UK stocks fell on Tuesday as Royal Dutch Shell’s warning that it could take a $ 22 billion redemption dragged down the FTSE 100 UKX, -0.75% lower. The UK economy also suffered its worst decline since 1979, as gross domestic product fell 2.2% between January and March, according to the …
Read More »Amazon brand value rises above $ 400 billion as TikTok enters global brand 100 for the first time
TikTok has entered the ranking of the 100 Most Valuable Global Brands for the first time, as people spend more time online during the pandemic browsing joyful and entertaining user-generated content, according to a new report. Tech giants dominated the list once again, with Amazon AMZN, + 0.34% maintaining first …
Read More »JP Morgan is betting that these stocks will dominate as an uncertain second half of the year approaches
Stocks falter on the last trading day of the quarter, as the World Health Organization warns that “the worst is yet to come” with COVID-19. But up to 16% and 18% respectively, the Dow DJIA, + 2.32% and S&P 500 SPX, + 1.46% They are poised for the best three-month …
Read More »Intercept Pharmaceuticals Receives Full FDA Letter of Response for Treatment of Fibrosis Due to NASH
Intercept Pharmaceuticals Inc. shares ICPT, -39.73% More than 30% fell in pre-market trade on Monday, after the company said it received a full response letter from the U.S. Food and Drug Administration regarding its new request for drugs for treatment. for fibrosis caused by non-alcoholic steatohepatitis, or NASH. The letter …
Read More »Xilinx raises forecast after easing restrictions on Chinese companies, stocks head up
Xilinx Inc. XLNX, + 1.03% Shares obtained in off-hours trading on Monday after the semiconductor company said loosening some restrictions on Chinese companies had helped its business. Xilinx said it now expects first-quarter tax revenue of $ 720 million to $ 734 million, after previously declaring from $ 660 million …
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