The NBA has reached an agreement with the National Basketball Players Association to withhold 25% of each player's salary from May 15 due to the shutdown of the sport because of the coronavirus pandemic.
What happened
Gilead Sciences' (NASDAQ:GILD) antiviral medication remdesivir set stock markets on fire Friday, sending the S&P 500 hurtling 2.7% higher by close of trading.
Apple AAPL, the second-largest publicly traded company in the US by market cap, was downgraded by Goldman Sachs GS today (4/17), making it the third downgrade from the bank in only 2 months. GS lowered its AAPL price target to $233, which would represent a 20% discount to what i
(RTTNews) - Walgreens is offering additional discounts to "Frontline Heroes," including all medical personnel and first responders and police, on April 25.
Struggling department store chain J.C. Penney (NYSE: JCP) may not be down for the count just yet. Without naming specific sources, Bloomberg reported on Friday the company had received an offer of around $300 million in new financing.
No IPOs are scheduled for the week ahead, though pipeline activity indicates that some may be on the way.
Three out of the four IPOs since the second week of March have been biotechs, the sole exception being Chinese AR software company Wimi Hologram Cloud (WIMI). Oncology biotec
Shares of BlackRock (NYSE: BLK) ended the week on a high note, even though the sprawling financial services company reported a steep fall in net inflows for its first quarter of fiscal 2020.
A court in Massachusetts has ruled that Gov. Charlie Baker acted within his authority when he made the decision to order the state's recreational marijuana retailers to close their doors during the COVID-19 shutdown of non-essential businesses.
Colombian startup Rappi is piloting deliveries by robots as a safe way of getting food to people forced to stay at home due to the coronavirus pandemic.
There were no IPOs this past week, but initial filings from a biotech and a Chinese issuer are keeping the IPO market moving.
After another strong week, the IPO Index is now up about 35% from its March lows. As we pointed out in our 1Q20 IPO Review, the first IPOs to emerge from
(RTTNews) - The Canadian stock market ended on an upbeat note on Friday as traders went on a buying spree amid optimism about treatment for the Covid-19.
Virgin Atlantic has been told to resubmit its proposal for a 500 million pound ($625.35 million) coronavirus bailout package after the UK government was left unimpressed with its initial bid, Financial Times reported https://on.ft.com/2xD3Ee5 on Friday.
Ratings agency Moody's on Friday downgraded Mexico's credit rating due to a deterioration in the economic growth outlook and also cut the debt of state oil firm Pemex to junk status in a serious blow to the government.
The stock market jumped to close the week, rising on hopes that the U.S. economy might be able to restart in the near future. Calls from the White House to urge state and local governments to ease restrictions on travel and work seemed to energize Wall Street, sending the Dow Jo
The stock market jumped to close the week, rising on hopes that the U.S. economy might be able to restart in the near future. Calls from the White House to urge state and local governments to ease restrictions on travel and work seemed to energize Wall Street, sending the Dow Jo
AT&T T is scheduled to release its Q1 fiscal 2020 earnings results on Wednesday, April 22. Wall Street will be watching the telecom giant closely after it canceled its previously planned accelerated-share-repurchase plan amid the coronavirus economic downturn.
In trading on Friday, shares of GoDaddy Inc (Symbol: GDDY) crossed above their 200 day moving average of $66.28, changing hands as high as $66.94 per share. GoDaddy Inc shares are currently trading up about 3.6% on the day. The chart below shows the one year performance of G
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