business news
BofA upgrades beverage company Vita Coco, citing declining ocean freight costs
Bank of America sees a stabilizing ocean freight market as a positive catalyst for Vita Coco going forward. The firm on Friday upgraded the beverage company’s stock to buy and raised its price target to $12 from $10. The stock jumped more than 17% Friday to trade at about $11.60 per share. The price change […]
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U.S. scientists are enrolling nearly 40,000 patients in 4-year $1.2 billion study of long Covid
A healthcare worker administers a Covid-19 test at testing site in San Francisco, California, U.S., on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images The National Institutes of Health is rolling out one of the largest studies in the world to understand long Covid in a high-stakes effort to find definitive […]
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Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears
Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data […]
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Ford reports worst quarterly sales in China since onset of coronavirus pandemic
Visitors walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images DETROIT – Ford Motor joined its crosstown rival General Motors in reporting its worst quarterly sales in China since the onset of the coronavirus pandemic, amid a resurgence of Covid-19 cases in the […]
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Trump White House counsel Pat Cipollone expected to testify before Jan. 6 committee
Pat Cipollone, White House counsel, arrives to the U.S. Capitol in Washington, D.C., on Tuesday, Jan. 21, 2020. Andrew Harrer | Bloomberg | Getty Images The House select committee investigating the Jan. 6 Capitol riot is set to interview one of its most sought-after witnesses on Friday as it continues to gather evidence implicating former […]
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How stablecoins became the backbone of crypto
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Stablecoins have become the backbone of the cryptocurrency industry. But not all stablecoins are created equal: the failure of a high-profile digital coin has sent shockwaves through the industry. 20:20 Fri, Jul 8 20229:09 AM EDT Source
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Stocks making the biggest moves premarket: Levi Strauss, GameStop, Twitter and more
Check out the companies making headlines before the bell: Levi Strauss (LEVI) – Levi Strauss rallied 3.9% in the premarket after reporting better-than-expected sales and profit for its latest quarter, helped by higher prices and strong demand for its denim offerings. Levi Strauss also raised its quarterly dividend by 20%. GameStop (GME) – GameStop fell […]
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Gas giant Uniper submits bailout application to German government as Russia squeezes supplies
Uniper has been in talks with the German government about a possible bailout. Picture Alliance | Picture Alliance | Getty Images Embattled German gas giant Uniper on Friday submitted a bailout application for government support after running into extreme financial distress, Finnish majority owner Fortum said in a statement. Uniper was the first German energy […]
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UK Labour’s Starmer cleared of wrongdoing after lockdown investigation
Labour Party leader Keir Starmer. Hollie Adams | Getty Images News | Getty Images British opposition Labour leader Keir Starmer was cleared by police on Friday following an investigation into whether he had broken COVID-19 lockdown laws by pausing for a meal while working. Alleged breaches of coronavirus rules became a politically explosive issue following […]
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5 things to know before the stock market opens Friday
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Can stocks stay on a winning streak? The S&P 500 has posted gains for four straight trading days heading into Friday’s session, offering investors glimmers of hope […]
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