As the COVID-19 pandemic continues to depress demand for air travel, United Airlines (NASDAQ: UAL) is losing $40 million due to a dearth of traffic, reports The Wall Street Journal this morning. The traffic situation is improving -- but only slowly.
Amryt Pharma, a rare disease specialist listed on London's AIM and Dublin's ESM markets, debuted on Nasdaq on Wednesday in a move aimed at increasing the liquidity of its stock and gaining more analyst coverage.
Financial stocks were lower in afternoon trading, with the NYSE Financial Index dropping 0.1% while the SPDR Financial Select Sector ETF was down 0.2%.
What happened
Shares of renewable, compressed, and liquefied natural gas supplier Clean Energy Fuels (NASDAQ: CLNE) are surging in early afternoon trading Wednesday, up a cool 38% at the 12:30 p.m. EDT mark. The surge in stock price follows a joint announcement from Clean Energy
What happened
Shares of DocuSign (NASDAQ: DOCU) have gained today, up by 3% as of 12:30 p.m. EDT, after the company announced yesterday that it was acquiring Liveoak Technologies. The deal will help DocuSign expand into online notary services.
What happened
Shares of Repligen (NASDAQ: RGEN) rose nearly 34% in the first half of 2020, according to data provided by S&P Global Market Intelligence. That easily bested the 4% decline of the S&P 500 in what has been a volatile six months for investors.
A Pennsylvania man who told a West Virginia bank he had $640,000 in bitcoin in an effort to secure a loan pleaded guilty to bank fraud on Tuesday.
Randall Joseph Smail, 23, admitted in the U.S. District Court for the Northern District of West Virginia that he used a phony account statement from the Kraken cryptocurrency exchange to defraud the Pendleton Community Bank of a $552,533 loan, according to plea documents.Â
Smail told the bank he could only withdraw his $640,000 bitcoin in $200,000 increments âdue to tax issues,â according to Jan. 27 court filings. Both statements were false, as Smail did not have any bitcoin with Kraken. (Kraken did not immediately respond to a request for comment).
Smail ultimately received $1,800 of the bank loan. He could face a maximum of 30 years in prison and a $1,000,000 fine for committing bank fraud.
There were discrepancies in the amount of bitcoin the government said Smail lied about having. The Department of Justiceâs Tuesday press release and the caseâs first court filings gave a value of $640,000,000. However, Smailâs lawyer, Stanton Levenson, said the real figure was $640,000.
A press officer for the U.S Attorneyâs Office did not immediately respond to a CoinDesk request for comment.
The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving f
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GoHealth, a medicare-focused health insurance marketplace, announced terms for its IPO on Wednesday.
The Chicago, IL-based company plans to raise $751 million by offering 39.5 million shares at a price range of $18 to $20. At the midpoint of the proposed range, GoHealth would com
What happened
Shares of Dropbox (NASDAQ: DBX) gained 21.6% in the first six months of the year, according to data from S&P Global Market Intelligence. The stock gained ground thanks to two encouraging quarterly reports and momentum for cloud-storage services stemming from th
What happened
Shares of Peloton Interactive (NASDAQ: PTON) surged in June, as demand for the company's connected home-fitness gear and classes continued at sky-high levels even as coronavirus-related restrictions were eased in some parts of the United States.
In these uncertain economic times, investors should consider stocks that trade at modest valuations relative to their long-term growth potential. Here are three companies that fit the bill.
AT&T's (NYSE: T) stock has declined about 15% over the past five years, woefully underperforming the S&P 500's 50% gain over the same time frame. The telecom giant struggled with an ongoing loss of pay TV subscribers, tough competition in the wireless market, and a massi
(RTTNews) - Pharmacy chain Walgreens Boots Alliance, Inc. will buy a nearly 30 percent stake in primary care services provider VillageMD and open VillageMD physician-led primary care clinics in up to 700 of its stores, the companies said Wednesday.
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