Text size A healthcare professional is preparing a dose of Nuvaxovid vaccine. Jeroen Jumelet / ANP / AFP via Getty Images Novavax the stock fell on Friday after receiving a sales equivalent rating – the first since December 2020 and the only one from Wall Street. Bank of America Securities analyst Alec Stranahan began coverage … Read more
It has been a terrible week in a terrible year for the stock market. Walmart WMT, -2.74%, Target TGT, -5.06%, and Tencent 700, +3.53% each reported disappointing results to add fuel to concerns about rate hikes and quantitative easing. But apart from Melvin Capital, there have been no signs of capitulation. Over the past six … Read more
Text size Shares have been sold in recent weeks due to investors’ concerns about inflation and growth. Ed Jones / AFP via Getty Images Equities faltered as weak data from China revealed how Covid-19 lockdowns have weighed on the world’s second-largest economy, raising investors’ concerns about global growth. Futures for Dow Jones Industrial Average retreated … Read more
Text size The BioNTech logo on the facade of its manufacturing site in Marburg, central Germany. (Photo by THOMAS LOHNES / AFP via Getty Images) BioNTech , the German biotech company, reported first-quarter earnings and sales that topped Wall Street expectations. The company, which partnered with Pfizer to develop the first Covid-19 vaccine approved for … Read more
Text size Oil prices slip Monday but are still elevated. Pichit Boonhuad / Dreamstime.com Oil prices declined Monday after Saudi Arabia, the biggest exporter, reduced prices for Asia and the northwest of Europe. Tighter lockdowns in China to prevent the spread of new Covid-19 outbreaks, as well as signs of a broader global economic slowdown, … Read more
Royal Caribbean CEO Jason Liberty credits the cruise operator’s relationships with its bankers as a key to getting ‘affordable capital’ to keep it afloat during the pandemic. Here, Royal’s Anthem of the Seas cruise ship in Scotland last year. Jeff J Mitchell / Getty Images Text size There are signs that the cruise industry, which … Read more
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal / AFP via Getty Images Text size Chinese electric vehicle makers NIO , XPeng spirit Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else … Read more
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal / AFP via Getty Images Text size Chinese electric vehicle makers NIO , XPeng spirit Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else … Read more
Text size Teladoc cut its financial outlook for the year. Courtesy of Teladoc Teladoc Health shares tumbled 38% in Wednesday’s after-hours trading, after the remote healthcare provider reported deeper-than-expected losses for the first quarter and cut its financial projections for the year. The stock already had slid 70% over the past 12 months as the … Read more
Text size Teladoc cut its financial outlook for the year. Courtesy of Teladoc Teladoc Health shares tumbled 38% in Wednesday’s after-hour trading, after the remote healthcare provider reported deeper-than-expected losses for the first quarter and cut its financial projections for the year. The stock already had slid 70% over the past 12 months as the … Read more