There's a 'huge disconnect' between the stock market and economy. Here's why
The stock market has rallied 38% from its recent bottom in March, even as unemployment soars and near-term economic forecasts remain bleak.
The stock market has rallied 38% from its recent bottom in March, even as unemployment soars and near-term economic forecasts remain bleak.
Ninety-nine percent of loan forgiveness applications under a congressionally mandated program were rejected between May 2018 and May 2019.
Gilead Sciences Inc's potential COVID-19 treatment, remdesivir, could bring in more than $7 billion in annual sales by 2022, spurred by governments stockpiling the drug to guard against future outbreaks, SVB Leerink said on Wednesday.
Warner Music Group Corp's stock popped 8% on its Nasdaq debut on Wednesday, after the world's third-largest recording label sold shares in its $1.9-billion initial public offering towards the higher end of its target.
TechCrunch | Russ Heddleston | Jun 3, 2020 For many startups looking to secure funds, the fundraising marketplace has been a bit of a roller coaster. While there are signs that should make founders feel very optimistic (more on that here), it’s important to know how we got to this point. We’ve used data from the
Walmart Inc said on Wednesday it shifted firearms and ammunition out of sales floors of some U.S. stores amid nationwide protests over the death of an unarmed black man at the hands of police last week.
A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country.
LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co , as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said on Wednesday.
Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last week of an unarmed black man at the hands of Minneapolis police, carefully joining a charged national debate.
A jump in Boeing shares led Wall Street higher on Wednesday, with investors hopeful of a rebound from a coronavirus-led economic slump amid continuing social unrest in the country.
Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm's collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four people familiar with the matter.
The chief executive of Pilgrim's Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
U.S. state tax revenue, which plunged due to the economic fallout from the coronavirus pandemic, could start to slowly recover this summer as long as the outbreak does not undergo a resurgence, analysts said.
As the share of remote workers explodes amid the coronavirus pandemic, more companies are offering to cover their staff's home-office expenses.