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 …
Read More »
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 …
Read More »
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 …
Read More »
Text size Shares in commercial airline Boeing shares were up 5% Monday afternoon, adding 57 points to the Dow Jones Industrial Average’s 330 points gain, making it the largest single participant in the Dow index. The reason for this is the Boeing stock market (ticker: BA) is obviously Covid-related. The …
Read More »
IAC / InterActiveCorp. IAC, -0.22% announced Monday morning that it had acquired a 12% stake in MGM Resorts International MGM, + 12.08% that’s worth about $ 1 billion. IAC shares are up 2% in premium trading, while MGM’s share is up 20%. “What initially attracted us to MGM, in addition …
Read More »