Market News - Page 322 of 478

Market News - Page 322

This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.

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Dow Jones Jumped 300 Points on Vaccine News and Biden to Bring Yellen as Treasury Secretary

By Bhushan Akolkar Nov 24, 2020 • 3 mins read

AstraZeneca and the University of Oxford said that their COVID-19 vaccine candidate is cheaper for production and easier for distribution over its rivals. Also, the market cheered on Yellen news as she oversaw a solid economic expansion during her tenure as the former Federal Reserve Chain between 2014-2018.

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Merck Seals $425M Buyout Deal with OncoImmune for COVID-19 Drug

By Godfrey Benjamin Nov 23, 2020 • 3 mins read

The deal with OncoImmune will see Merck take up the ownership of CD24Fc with additional payment made to OncoImmune based on future favorable regulatory approvals associated with the drug.

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Tesla Stock Up 7% as Analysts Are Raising Price Target for TSLA Shares

By Darya Rudz Nov 23, 2020 • 3 mins read

On Friday, Tesla stock closed at $489.61, or 9.66% down. Today, at the time of writing, TSLA stock is 7% up, trading at $524.11.

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REGN Stock Up 5% in Pre-market, Regeneron COVID-19 Drug Approved for Emergency Use by FDA

By Steve Muchoki Nov 23, 2020 • 3 mins read

Regeneron noted that the initial dose of its COVID-19 drug will be released through a federal government allocation program to approximately 300,000 patients across the country.

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AstraZeneca Vaccine Shows Efficacy of Up to 90%

By John K. Kumi Nov 23, 2020 • 3 mins read

One of the regimens came out with 62% efficacy when administered for one month apart in two full doses. The other dosing regimen came out with an efficacy rate of 90% when administered for at least a month apart with a half dose followed by a full dose.

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Western Union Acquires 15% Stake in Stc Pay via $200 Million Investment

By Ibukun Ogundare Nov 23, 2020 • 3 mins read

Western Union is confident that stc pay is poised for expansion and further growth in the future.

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Pfizer and BioNTech File for EUA with FDA for Their COVID-19 Vaccine

By Godfrey Benjamin Nov 20, 2020 • 3 mins read

Pfizer is on track to deliver up to 50 million doses in 2020 and about 1.3 billion doses in 2021.

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Roblox IPO Filing Reveals Impressive Revenue with Profane Game Titles

By John K. Kumi Nov 20, 2020 • 3 mins read

In response to the high demand in the gaming industry, Roblox recorded about $1.24 billion in sales after the first three quarters of 2020.

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Facebook Risks Being Shut Down in Vietnam over Censorship Issues

By Steve Muchoki Nov 20, 2020 • 3 mins read

The government in Vietnam has threatened to shut down Facebook servers in the country if it does not agree on the new local political content terms.

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Macy’s Stock Down 1% as Firm Reports 20% Drop in Same-Store Sales

By Godfrey Benjamin Nov 19, 2020 • 3 mins read

At the time of writing, Macy’s (M) stock is trading at $8.90 which means that it is 1.06% down.

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Credit Suisse Puts S&P 500 2021 Target at 4050 as It Anticipates for Virus-Free Economy in 2022

By Steve Muchoki Nov 19, 2020 • 3 mins read

The S&P 500 index has been on the positive side for the better part of the pandemic. The index has gained 10.04% YtD.

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COVID-19 Vaccine Race: Pfizer-BioNTech, Moderna and AstraZeneca Take Lead

By Godfrey Benjamin Nov 19, 2020 • 3 mins read

The positive COVID-19 updates from Pfizer-BioNTech, Moderna, and AstraZeneca-Oxford give hope that the end is near for the COVID-19 pandemic that continues to plague our world for almost a year by now.

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Affirm Files for IPO with SEC Following Improving Growth

By Godfrey Benjamin Nov 19, 2020 • 3 mins read

The move by Affirm to debut on the stock exchange through its recently announced IPO comes as one of the many public listings recorded in 2020.

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ZM Stock Up 3%, High Demand for Zoom App Anticipated as New York Closes All Schools

By Steve Muchoki Nov 19, 2020 • 3 mins read

Zoom shareholders anticipate experiencing a new bull wave after the shares complete the current retracement.

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Nvidia (NVDA) Stock Down 2% Despite Reporting Better Than Anticipated Q3 Earnings Results

By Steve Muchoki Nov 19, 2020 • 3 mins read

For the past three months, Nvidia reported revenue of $4.73 billion against $4.41 billion expected by analysts.