Month: August 2022
What this ‘play the recovery’ strategy says about the hot bond market’s future
A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yields contributed to the deceleration of fund outflows in May. Andrew McOrmond of WallachBeth Capital, an institutional execution service provider, believes the inflows can […]
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Jim Cramer says to consider buying these 8 stocks now that commodity prices are down
CNBC’s Jim Cramer on Thursday advised investors to take advantage of falling commodity prices by adding to their portfolios. “Oil’s down big, gasoline’s down big and you can now buy all sorts of stocks that benefit from cheaper fuel, especially the travel and leisure plays,” he said. The “Mad Money” host earlier this week criticized […]
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Virgin Galactic again delays space tourism flights, to second quarter 2023
Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic Space tourism company Virgin Galactic on Thursday postponed the beginning of its commercial flights by another three months, citing delays in work refurbishing its carrier aircraft. Virgin Galactic announced that commercial service is […]
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AMC plans to issue 517 million shares of preferred stock, under the ticker symbol ‘APE’
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment appears to have found a creative solution to boost its share count and raise funds after investors balked at a proposal to issue more shares last year. AMC […]
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Biden will keep aircraft carrier group in the South China Sea but postpone missile test
The USS Ronald Reagan (CVN-76) aircraft carrier is seen during a port visit in Hong Kong on October 2, 2017. Anthony Wallace | AFP | Getty Images WASHINGTON — President Joe Biden will keep an American naval aircraft carrier strike group in the South China Sea longer than originally planned in response to Chinese missile […]
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Astra pausing rocket launches until at least 2023, as quarterly losses and a failure investigation continue
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Small rocket-builder Astra said Thursday it would not have any additional flights this year after the company reported another quarterly loss. “Whether we’ll be able to commence commercial launches in 2023 will depend on the success […]
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Former Vice President Dick Cheney rips ‘coward’ Trump in election ad for daughter Liz
Former Vice President Dick Cheney looks on as his daughter Rep. Liz Cheney, R-Wyo., takes the oath of office on the House floor on Tuesday, Jan. 3, 2017. Bill Clark | CQ-Roll Call, Inc. | Getty Images Former Vice President Dick Cheney assailed ex-President Donald Trump as a “coward” and a prime threat to the […]
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Atlassian says customers unlikely to reduce spending as the software maker surpasses revenue expectations
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar Atlassian Atlassian shares rose as much as 12% after the collaboration software maker disclosed more quarterly revenue than analysts had expected, while meeting consensus on earnings. Here’s how the company did: Earnings: 27 cents per share, adjusted, vs. 27 cents per share as expected by analysts, according to […]
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Stocks making the biggest moves after hours: DoorDash, Beyond Meat, AMC, Virgin Galactic & more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — Shares of the food delivery company popped 12% after a revenue beat. DoorDash reported revenue of $1.61 billion in the […]
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CDC estimates 1.7 million gay and bisexual men face highest risk from monkeypox
The Centers for Disease Control and Prevention estimates about 1.7 million men who have sex with men face the biggest threat from monkeypox right now. CDC Director Rochelle Walensky told reporters on a call Thursday that gay and bisexual men who are HIV positive or who are taking medicines, called PREP, to reduce their chance […]
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